Time to buy San Diego Condominiums
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.
Zillow.com, a national real estate portal, the values of real estate in San Diego county has fallen over 17.9 percent since last year. The sales prices of San Diego condos have also declined as much as 28.3 percent since last year and over 52.5 percents of homes have sold for less than purchase price.
The average selling price of single family home in greater San Diego area was $423,000, while the average selling price of San Diego condominiums have been at about $287,000. But in La Jolla, one of the highest pricing markets in the US, the prices have only declined 12 percent. For those who want to invest or purchase home this housing market is perfect time to invest or buy.
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.
Zillow.com, a national real estate portal, the values of real estate in San Diego county has fallen over 17.9 percent since last year. The sales prices of San Diego condos have also declined as much as 28.3 percent since last year and over 52.5 percents of homes have sold for less than purchase price.
The average selling price of single family home in greater San Diego area was $423,000, while the average selling price of San Diego condominiums have been at about $287,000. But in La Jolla, one of the highest pricing markets in the US, the prices have only declined 12 percent. For those who want to invest or purchase home this housing market is perfect time to invest or buy.
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
posted by Credit Counseling at
7:34 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home