How’s the Market in San Diego?
BY FAR, the most common question that we get is “How’s the real estate market?”
The truth of the matter, when it comes to San Diego is “It depends.” (That is an honest answer and not us just putting you on!). Here’s why? The real estate market in San Diego is made up of a BUNCH of individual cities and inside of each of those are different types of homes and lifestyles that make up “how the market is doing” for YOUR home. And YOUR home is the only one that matters.
So the economic forces that effect a fixer upper in Poway are NOT very similar to the economic forces that affect a luxury oceanfront home in Coronado. They live in two different real estate worlds.
There ARE a few things that affect real estate values in general. The overall economy, interest rates, and large employment trends tend to affect real estate across the board, but to answer your question effectively, we need to ask you a couple of questions.
#1 – What real estate market are you in? Both geographically and type of home.
#2 – Are you looking to buy or sell?
#3 – What are your longer term plans and goals.
With those pieces of information we are EASILY provide you with an idea of the real estate market and what you can expect from it.
October 23, 2015 by Eric