Southern California housing market improves
Homes for sale in San Diego used to be part of a difficult market following the housing crisis of the late 2000s. However, recent data shows that these properties are slowly climbing back to acceptable prices and sales rates. After all, the beautiful, temperate environment in Southern California is simply too good to ignore for long.
Bloomberg reported that the average asking price for a home in the counties of Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange hovered around $290,000 in March 2012. This constituted a 3.6 percent increase from exactly one year ago. The totals for foreclosures and short sales also shot down to the lowest levels seen since April of 2008.
"The housing market continued its painfully slow crawl back toward normalcy last month," said DataQuick President John Walsh, according to The Los Angeles Times. "You can see it in the fading role of foreclosures, the uptick in median prices here and there and the higher levels of sales in coastal counties."
As many people consider relocating to Southern California to take advantage of the warm weather, an improving housing market will only encourage more buyers to look at the area. Now is a great time to consider snatching up one of the houses for sale in San Diego.