This is the time of year when everyone is busy contemplating or forecasting real estate trends for the next 12 months. This year there seems to be no doubt that the coming year will bring incredible growth in the nation’s real estate market. However, perhaps more important than the direction or even how much homes will appreciate is which homes will be most demand.
San Diego real estate has remained some of the most in demand in the nation but even here some property will perform better than others.
Many point to trends in multigenerational housing and baby boomers downsizing and claim smaller urban properties are where it is at.
On the other hand some recent surveys have revealed that the true size of the average new home has been growing. It is certainly a fabulous time to move up between home prices, low interest rates and the availability of distressed property deals.
While these may still be volatile financial times, so many are tired of playing it safe with no gains. For them it is time to make big moves, to invest , to spend and regain their previous lofty lifestyles.
In San Diego County these differences are being played out in a tale of 2 real estate trends.
Spectacular homes and teardowns by the beach being snapped up by those wanting to seize on the amazing deals on prestigious oceanfront property and claim addresses that will make others envious. However, at the same time, thanks to technology and Californians now being less location dependent and even local jobs having much less hold over local real estate markets, many are also buying inland where they can get more for their money.
However, whichever area investors and buyers believe will see the biggest boom, whether El Cajon or La Jolla, the number one consideration of today’s home buyer remains quality of neighborhood.
