California housing market experiencing a significant boom
In the real estate industry, California used to have a bad reputation, as the housing bust of 2006 nearly crippled the state's economy and resulted in tough conditions for people trying to sell their homes. However, recent trends have transformed the housing market and significantly increased local sales activity, and there is no better time than now to consider buying one of the homes for sale in San Diego.
The Los Angeles Times reported that the average price of a home for sale in California averaged $264,000 in April 2012, which was 6 percent higher than the previous month. In addition, the Southern California market showed promising signs of a recovery due to decreasing foreclosure sales.
"It appears that the market is taking a step in the direction of normalization, but only a step," real estate expert John Walsh said, according to the news source. "The mortgage market is critical, as is market mix and the receding importance of foreclosure resales."
Southern California was listed by industry reports as more affordable than other areas in the Golden State, because home values here were listed as only slightly above the state average. If you are looking for cost-effective homes, San Diego may be the city for you.