High price appreciation has been the staple of real estate all over the country, San Diego has not be an exception. The prices of San Diego homes have risen, but since the recession, the prices have declined to where it is possible to purchase a San Diego condominiums.
According to Zillow.com, a national real estate portal, values of real estate have fallen over 17.9 percent in San Diego County since last year. Sales prices of San Diego condominiums have also plummeted 28.3 percent since last year and over 52.5 percent of homes have sold for less than the purchase price.
The median selling price of homes in greater San Diego area has been $423,000, while the median selling price for San Diego condominiums is $287,000. Bucking the trend in homes in La Jolla, the highest pricing market in US has been down 12 percent. This has created an opportunities for those who are interested in investing in real estate market or for those who are looking for a home to purchase.
With recent credit crisis in the US, with financial markets in shambles, getting financing to purchase a home has been a difficult task, but for those with enough money for down payment and good credit, this shouldn't create any problems. The opportunities in downtown San Diego condominiums market is endless.
Condominiums are better place to live than single family homes, because it offers convenience and communal living for those who that do not enjoy mowing the lawns or taking care of everyday house repairs and remodeling. This is perfect for single family without any children. Although the cost of association fees and repairs fees can be significant, you can enjoy worry free living.
San Diego is also a great place to raise family because of it's perfect warm weather conditions. The prices of average San Diego homes can prevent your from owning a single family residence, you can check out San Diego condominiums for affordable living space.
According to Zillow.com, a national real estate portal, values of real estate have fallen over 17.9 percent in San Diego County since last year. Sales prices of San Diego condominiums have also plummeted 28.3 percent since last year and over 52.5 percent of homes have sold for less than the purchase price.
The median selling price of homes in greater San Diego area has been $423,000, while the median selling price for San Diego condominiums is $287,000. Bucking the trend in homes in La Jolla, the highest pricing market in US has been down 12 percent. This has created an opportunities for those who are interested in investing in real estate market or for those who are looking for a home to purchase.
With recent credit crisis in the US, with financial markets in shambles, getting financing to purchase a home has been a difficult task, but for those with enough money for down payment and good credit, this shouldn't create any problems. The opportunities in downtown San Diego condominiums market is endless.
Condominiums are better place to live than single family homes, because it offers convenience and communal living for those who that do not enjoy mowing the lawns or taking care of everyday house repairs and remodeling. This is perfect for single family without any children. Although the cost of association fees and repairs fees can be significant, you can enjoy worry free living.
San Diego is also a great place to raise family because of it's perfect warm weather conditions. The prices of average San Diego homes can prevent your from owning a single family residence, you can check out San Diego condominiums for affordable living space.
About the Author:
Thinking about purchasing a San Diego condominiums, please review San Diego Condominiums, and San Diego Condominiums
No comments:
Post a Comment