Your Browser doesn't support essential functions this website requires.
Safari 9, IE 10, Opera Mini and UC Browser for Android are not supported.
3
Beds
2
Baths
2,690
SqFt
 
 
#12332808 | Single Family Home
 
3
Beds
2
Baths
1,776
SqFt
 
 
#13116541 | Single Family Home
 
3
Beds
2
Baths
1,733
SqFt
 
 
#12333321 | Single Family Home
 
4
Beds
2
Baths
1,570
SqFt
 
 
#200052499 | Single Family Home
 
5
Beds
3
Baths
3,014
SqFt
 
 
#200001779 | Single Family Home
 
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS.
©2020 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 3, 2020 1:28 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Housing Market in San Diego

22 February

San Diego is a beautiful city where prices are already quite high. In the last year, housing prices have tremendously increased, and it is predicted that 2019 will include a continuous rise in prices, but at a slower pace.  Despite the city being the second largest in the state of California, and one of the top 10 biggest in the country, San Diego is often forgotten in comparison to Los Angeles and San Francisco. With that said, this is exactly why the San Diego real estate market should not be overlooked.

Rent has been on the rise, is predicted to increase by 8.4% in 2019 while properties will likely rise by 4.7%. The current home value is $632,000 according to Zillow, and this will likely increase by 2.2% to nearly $646,000. With the higher interest rates and economic uncertainty, sales volume may decrease in 2020. This is in line with the next forecasted recession in 2020. As far as home sales, there will be an average increase of 8%, equivalent to $42,500.

As far as demographic data, about 50% of people in San Diego are homeowners, and 36% of people are single residents. The average age for people in the housing market is 35 years old, and 48% of these people have received a college education. Perhaps a big factor is transportation, which has been at 94% for car-commuters, however public transport is indeed a possibility.

The biggest factors to the San Diego Market trends is the fact that unemployment is so high and that there are more single-family and multi-family housing. In addition, the Property tax limits may incentivize home buyers in 2019 to purchase their dream homes or for millennials to finally move into a place of their own.

 

Other

BLOG POSTS

Housing Market in Los Angeles


28 April

Housing Market in Orange County


28 March

Housing Market in San Diego


22 February

Home Buyer's Guide 2019


28 January

Featured

PROPERTIES

Get in

Contact