A New Record Set For San Diego!
The Quick, Informative, and Important San Diego Real Estate Stats You Want to Know:
Median Price of A House in San Diego…$610,000 which is up 9.1% from last year!
Median Price(Highest Ever! A New Record!) for Condo/Townhomes in San Diego: Median Price of A Condo/Townhome …$426,000 up 11.7% from last year!
Price per square foot has doubled! In March 2009, the average price per square foot for a house in San Diego was $209 and for February 2018 it was…….$394
In March 2009, the average price per square foot for a condo/townhome in San Diego was $202 and for February 2018 it was…….$426!!!!
Inventory of houses available for sale 3,374…down 11% from last year
Average Days on the Market For a House is 29 Days – down 24% from last year
Interest Rates 4.5% up about 1/2 a percent from last year
Unemployment US 4.1% San Diego 3.5%
It was a tough time for property sellers when the market changed in 2007/2008. &there were a lot of ‘I wish I sold when the market was up’ sentiment from sellers.
Now is a good time to sell if you have been wanting to, & only a good time to buy if:
You buy coastal
You plan on living/owning in a home for a long time
You are in a 1031 tax exchange
You are selling & are downsizing/moving to a more desirable area
