Increased interest in the San Diego housing market
Although San Diego has been a popular destination for homeowners over the past few decades, it suffered just like the rest of California during the housing bust of 2006. However, recent real estate statistics regarding homes for sale in San Diego are pointing to a gradual housing market recovery that may continue as 2012 drags on.
10 News reported on the seller's market currently in place in San Diego, highlighting one home that was listed at $439,000 which sold for $470,000. Over $30,000 above the asking price is a large difference, and the winning bid was just one out of fourteen.
"It's busy and competitive right now," said local real estate expert Sara Masey, according to the news source. "It's just a great time to buy with all the low rates, and so you have a lot of people out there trying to buy that can buy."
However, the average home price in the region has not been significantly affected compared to other metros. CW6 reports that real estate costs actually dropped by 2.7 percent in March 2012 when compared with a year earlier.
As these statistics reflect renewed interest in the area, now is the time to purchase one of the homes for sale in San Diego before they become too expensive.