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Real Estate Market Conditions for San Diego California

San Diego Real Estate OutlookCurrently in the City of San Diego, only 7% of the active detached listings are bank owned. These properties are concentrated mostly in zip codes 92114 and 92115 and typically have price points below $400,000. Additionally, of the active properties currently available, approximately 20% are short sale. These are primarily concentrated in zip codes 92102, 92105, 92114, and 92115 also with price points typically below $400,000. These zip codes also show a higher concentration of fixer properties that have been renovated and flipped.

The market changes significantly over the $400,000 price point. As price increases, so does inventory, which shifts the market more towards buyers. Short sale and bank owned property are less frequently encountered above $400,000. Below $400,000, inventory is markedly less. With far more competition, lower inventory, this price bracket is tipping slighty towards becoming a sellers’ market.

Each homebuyer’s situation is entirely unique to them, and surprisingly, so is the market in which they are shopping. The key to success is interviewing and hiring an agent who can guide buyers through this maze. Treacherous though it can be, a wise and experienced agent will safely lead his buyers to the ultimate reward: the purchase of their new home. So for more information on a particular zipcode, feel free to contact us.

We can provide you detailed market information by property type. Knowing the market is our specialty. We invite you to contact us for more information and to interview us for the very important job of being your agent!

Location Characteristics: San Diego Market Conditions

Market conditions in San Diego are changing all the time. Like any area, keeping current is the key to success. But in a city as large and varied as San Diego, honing in on a specific area and price point is as important or more so as keeping current. The market varies wildly from neighborhood to neighborhood, so finding focus is imperative.
Currently in the City of San Diego, only 15% of the active detached listings are bank owned. An increase from the previous month, these bank owned properties are concentrated mostly in zip codes 92114 and 92115 and typically have price points below $400,000. Additionally, of the active properties currently available, approximately 29% are short sale. These are primarily concentrated in zip codes 92102, 92105, 92114, and 92115 also with price points typically below $400,000. These zip codes also show a higher concentration of fixer properties that have been renovated and flipped.
The market changes significantly over the $400,000 price point. As price increases, so does inventory, which shifts the market more towards buyers. Short sale and bank owned property are less frequently encountered above $400,000. Below $400,000, inventory is markedly less. With far more competition, lower inventory, this price bracket is a neutral market.
Each homebuyer”s situation is entirely unique to them, and surprisingly, so is the market in which they are shopping. The key to success is interviewing and hiring an agent who can guide buyers through this maze. Treacherous though it can be, a wise and experienced agent will safely lead his buyers to the ultimate reward: the purchase of their new home. So for more information on a particular zipcode, feel free to contact us.
We can provide you detailed market information by property type. Knowing the market is our specialty. We invite you to contact us for more information and to interview us for the very important job of being your agent!

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View Market Conditions of other areas served by Kristian Peter

About Kristian Peter:
I””””””””ve been a real estate specialist for the past 18 years, and have closed over 800 transactions per year EACH of the last 3 years in a ro. From buyers, to sellers, to investors, all of your real estate needs are handled with the best real estate innovation available. My team and I are ready to assist you!

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