Rising Home Prices In San Diego - With the decline in our economy over the last several years many Americans still have valid concerns about purchasing a new home. The best place to begin when purchasing a new home is to find out the trends of your real estate market—remember not all markets are equal. While some markets are still struggling, there are many that are once again a solid financial investment.
If you are looking to purchase a home in Southern California take a look at the current trends of home prices in San Diego. During the height of the recession this market, like all, took a hit but now things have taken a turn in a rather impressive direction.
Home Prices In San Diego Over The Last 40 Years
What has helped the San Diego market rebound faster than most markets is that it had a pre-recession history of being one of the most equitable places to buy in the country. A family that purchased a home in the 1970’s for around $25,000 can sell that same home in today’s market for a solid $300,000 dollars. You won’t find that kind of gain in equity in most real estate markets.
Below is an example of the average single home prices in San Diego over the last 40yrs and how they are progressing over the past few years:
1994 $185,040 *This was the San Diego markets low.
2013 $479,000 *It’s early in the year this is the average to date
How To Find Your Dream Home In San Diego
As you can see from the numbers above, right now is the perfect time to buy in San Diego. Even with the rising home prices in San Diego, homes are selling almost as quickly as they hit the market. To ensure your new home is a solid financial investment, to find the latest available homes, and to have an advocate in this competitive market you need an honest realtor.
Call our offices today 619-248-5484 and we'll get you one step closer to the home you’ve always dreamed of!
Lorraine Santirosa is a San Diego real estate agent that helps savvy home buyers and sellers with their housing needs.
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