San Diego Real Estate – Good or Bad for Buyers?

by kristalombardi on September 30, 2008

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

Buyer’s Market

It’s been a buyer’s market with San Diego real estate for quite awhile now. In January of 2008 there were a total of 21,000 listings on the market in San Diego. To date we have 14,772 listings county-wide, and close to 300 in Mission Hills.

This is quite a drop. However we keep hearing about banks crashing, being bought out, and today Wall Street took quite a beating.

Good Deals?

Are there good deals out there? If I were a buyer and I asked you “hey agent, should I buy a home now or later?” How would you reply?

There have been some scary times. Many are in short sale situations, many are in foreclosure, for the first time since pre-bubble we are seeing condos in Mission Hills for under 200K.

Now or Later?

Is now the time to buy or will the market even in areas with prestiguous real estate like Mission Hills continue dropping and it is better to wait?

Article by Krista Lombardi

Krista has written 24 articles on this blog.

You'll Also Enjoy These Posts...

Subscribe & Stay Updated

If you found some value in this post then you will definitely enjoy our other articles. Subscribe to our feed to get our latest posts instantly!

{ 1 comment… read it below or add one }

Serena September 30, 2008 at 4:33 am: I don’t think that the real estate market even if it is the “prestigous Mission Hills ” market or the market in escondido will see a turnaround for the next couple of years. The way things are going, we won’t even have any banks to loan money.