Why Are San Diego Home Prices So High Compared to Other Places?

By
Real Estate Agent with Pacific Sothebys International Realty CAL BRE#00521310#01427987

We often hear the question "Why are prices so high in San Diego?  Where I am from we can buy a 3br/2ba home for $120,000 and here you want $550,000.  That doesn't make sense."  I have learned not to defend San Diego prices.  As they say, a picture is worth 1000 words.  Here is why San Diego is worth the money to me.  Sit on the beach in Coronado (one of the Top 10 Beaches) and see Pt. Loma.  Watch the ships leave and enter San Diego Bay.  Just enjoy the day.

Pt Loma views

When you can be at the beach and see the Pacific Ocean in all its glory, it is worth the price, to me at least.  When two days of rain are followed by a week of clear and sunny weather, it is worth it to me.  When cold blizzards keep you inside doing whatever you do inside during blizzards, San Diego is worth it to me.

I have learned just to smile when someone aggressively tells me our San Diego real estate market is overpriced.  Suffering in weather like this is achievable to me.  I will suffer so you won't have to suffer.

This is a series of articles by Sharyn and Victoria Crown who specialize in San Diego real estate.  Properties can be searched at San Diego Crowns and Downtown San Diego.

 

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Rainmaker
1,331,819
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Nice post...it might also be because it's a thin rim of land that is between the sea and the desert?    I get this kind of thing, too, and in my area it's about geography...very little land for development, between the sea and the mountains...low supply/high demand equals higher pricings.    Isn't that economics 101???

Oct 31, 2010 05:32 AM #1
Rainmaker
620,559
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

People can afford to live their and pay the high prices.  Good jobs and people with wealth move prices up....

Oct 31, 2010 05:38 AM #2
Rainmaker
242,126
Jenny Durling
L.A. Property Solutions - Los Angeles, CA
For Los Angeles real estate help 213-215-4758

We get the same thing in Los Angeles. It seems the only people who relocate here at 'get' the real estate prices are those coming from NY!

Oct 31, 2010 05:43 AM #3
Rainmaker
19,286
Sharyn & Victoria Crown MBA,MSRE
Pacific Sothebys International Realty - San Diego, CA
Broker Associates

I don't know about others, but those of us in San Diego who live here for the weather, are wimps and could not live in some of your areas.

Oct 31, 2010 07:16 AM #4
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Rainmaker
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Sharyn & Victoria Crown MBA,MSRE

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