Real estate in San Diego has changed quite dramatically from a sellers market of just a few years ago to one of the best buyers markets in history. Foreclosures, Bank Owned, and REO’s are the things that home buying dreams are made of. This buyer’s dream market won’t last forever and if you’re considering buying in San Diego this could be the perfect time to jump in. This San Diego Real Estate Bubble can be great for first time home buyers!
San Diego was one of the first markets to slow down and feel the pain of a declining real estate market and will no doubt be one of the first ones out and on its way to recovery. In some of the price ranges of homes that are single family detached I’m starting to see a leveling off in prices. In certain price ranges there are bidding wars between buyers when the homes are priced well. I often get asked about San Diego real estate and about the question of value. I tell people that San Diego is one of the best places to own real estate and to call home and over the long term will hold its value very well. Let’s face it most people would love to call San Diego …. Home!
I would have to say that many areas of San Diego are not overpriced anymore. They might have hit bottom or close to it in specific price ranges especially first time home buyer price ranges. Many of the homes that are price in the $300,000 to $400,000 price ranges are moving fast when in good condition or priced to sell. Don’t miss out on this downturn in the San Diego Market – it could be the chance of a lifetime.
Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.
All information is believed to be correct but not guaranteed.