Know you want to invest in or buy a home in San Diego this year, but not sure where the best locations are?
San Diego County offers many diverse options for investing in real estate and buying a home with choices of mountain top mansions, spectacular world class ocean front estates and spacious single family homes somewhere in between.
Taking a look at some of the recent statistics can certainly help those considering buying a home in San Diego County narrow down their search.
Some of the top performers recently include Carlsbad where home sales have surged 90 to 100% in the last year and the Downtown area which has seen home sales grow over 70% and home prices rise almost 18%.
Those looking for more for their money and great growth prospects for blossoming home equity may also look to El Cajon where Trulia reports sales are up 8.8% and the median home sales price has risen 13.3% in the last 12 months. Similarly Escondido boasts rising home sales and an almost 19% increase in home sales prices.
Even though these numbers show amazing growth in the market over the last year there is still plenty of room to go for those buying homes in San Diego right now. This makes it a great time to move up to a new, larger home, switch up views or even acquire a couple of rental properties.
With approximately 30% equity still to be gained before we get back into early 2000s territory and the launch pad for the new decade long housing boom there is significant wealth to be made for those acquiring property all over the county. At the same time continued low interest rates and rising rents make the opportunity even more attractive thanks to tasty cash flow spreads.
