Sales Statistics for SAN DIEGO County CA |
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| Realist's most recent recording date for this county is 12/29/2008 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Nov 2008 | 1,622 | $350,000 |
| Nov 2007 | 1,175 | $527,000 |
| Oct 2008 | 2,137 | $361,000 |
| Oct 2007 | 1,142 | $525,000 |
| 2008 YTD | 19,908 | $400,000 |
| 2007 | 18,300 | $555,000 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Nov 2008 | 758 | $227,500 |
| Nov 2007 | 955 | $369,000 |
| Oct 2008 | 1,140 | $240,000 |
| Oct 2007 | 980 | $402,500 |
| 2008 YTD | 10,546 | $280,000 |
| 2007 | 13,147 | $375,000 |
Welcome to 2009; the year of the investor.
Everything from stocks to real estate is down, so-as they say-Cash is King!
Look at the homes that you can get today that only 1 year ago may have cost you double the price. We all were there and witnessed it...
Look at the stats above, the top line: Nov 2008 median sales price of $350K v Nov 2007 with a median sales price of $527K; that's almost $200K...
But now, San Diego has once again become affordable for the investor. Meaning put 20% down and you can rent the property and cover your mortgage.
The market will come back to the seller side; but for now, it's the buyer's turn.
Hold. Dump. Repeat.
SF detached homes are at an all time low; SF attached homes are good for hands-off cash flow properties.
Our search page will be up and running soon, but until then, simply drop us an email or phone call at 619.997.1923 and we can assist.
