Latest Real Estate VERY good news is that the San Diego housing market is still well positioned. Scary as it seems we are literally outpacing national trends in sales! The median home price in San Diego is now $475,000- obviously differs from zip code to zip code. Its predicted we will have an increase in the next year if inventory continues to be low. However will be somewhat slower than this past year. Great news for sellers – and good news for buyers as interest rates are never going to be this low again! San Diego is literally the second highest market in affordability actually higher than Los Angeles. Yes San Diego Housing prices are on an upswing!!!
Buyers need to BE READY to pull the trigger!!! The right agent as well as the right “lender” will make the buying experience smooth in this high pace market. If you talk to a lender that is NOT going to have the loan underwritten and funded locally RUN the other direction. Getting pre approved by a credible lender goes miles in a market of “multiple offers”. If you need a recommendation I have a great one! Make this Real Estate experience one that as a buyer you have the upper hand in a highly competitive marketplace!