There are several things on offer for an individual who is planning to buy a home in San Diego. If you are thinking of buying a home in San Diego, the market is on your side presently. The sales of San Diego real estate were lower by 8.8% in January 2011 than the January sales of last year.
The price of homes has also declined in the past year over all price ranges except those homes that sell within the $400,000 to $500,000 range.San Diego real estate is on the rise, with more homes currently on the market than it has been in previous years. The price for San Diego real estate that makes up the most of the market is the homes that are priced under $300,000.
The San Diego real estate inventory has increased to 2% over the last month and the pending activity in the San Diego real estate market has increased by 14%. Currently, the San Diego real estate market is in the neutral range, normally the early part of the year will show an increase in inventory along with an increase in pending activity. There is still a large number of distress sells influencing the San Diego real estate.
There is still a large number of distress sells influencing the San Diego real estate. Short sales currently makes up around 29% of the market and foreclosures makes up around 10%. In the month of January alone, 27% of the total sales were short sales and 28% of the sales were foreclosures.
With the elimination of the homebuyer's tax credit, the San Diego market has seen a decrease in home prices from May 2010 through January 2011 of around 10%.The inventory of homes in San Diego is expected to increase slightly throughout 2011, which means that the trend of lower home prices will continue throughout the year. This increase in the number of homes for sale will come from the number of distressed home sales.
Overall, if you are looking for a home in the San Diego area you should have a number of houses to choose from.The market is stable and the inventory of houses on the market is on the rise. Most of the homes that are available are under $300,000. The current real estate market in San Diego is buyer friendly and anyone looking for a home right now should be able to get a good deal.
The price of homes has also declined in the past year over all price ranges except those homes that sell within the $400,000 to $500,000 range.San Diego real estate is on the rise, with more homes currently on the market than it has been in previous years. The price for San Diego real estate that makes up the most of the market is the homes that are priced under $300,000.
The San Diego real estate inventory has increased to 2% over the last month and the pending activity in the San Diego real estate market has increased by 14%. Currently, the San Diego real estate market is in the neutral range, normally the early part of the year will show an increase in inventory along with an increase in pending activity. There is still a large number of distress sells influencing the San Diego real estate.
There is still a large number of distress sells influencing the San Diego real estate. Short sales currently makes up around 29% of the market and foreclosures makes up around 10%. In the month of January alone, 27% of the total sales were short sales and 28% of the sales were foreclosures.
With the elimination of the homebuyer's tax credit, the San Diego market has seen a decrease in home prices from May 2010 through January 2011 of around 10%.The inventory of homes in San Diego is expected to increase slightly throughout 2011, which means that the trend of lower home prices will continue throughout the year. This increase in the number of homes for sale will come from the number of distressed home sales.
Overall, if you are looking for a home in the San Diego area you should have a number of houses to choose from.The market is stable and the inventory of houses on the market is on the rise. Most of the homes that are available are under $300,000. The current real estate market in San Diego is buyer friendly and anyone looking for a home right now should be able to get a good deal.
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