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July 5, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for San Diego, California

Reported by Dennis & Sunshine Smith, REALTOR, e-PRO, ABR, SRES

Updated July 1, 2008.

Current Market Rating: 1



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5
Buyer's

Seller's

Current Price Trend: 1



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Falling

Rising

THIS IS NOW A TRUE BUYERS MARKET! Buyers, call me now to see how you can benefit!

*****View area homes for sale *****
http://www.sandiegohomes4u.com/MLS_Search.htm

Go to my web site for the full report, plus a city-by-city breakdown with trend charts for each city.
http://www.sandiegohomes4u.com/RealEstateTrends.htm

See all 17,000+ San Diego area homes For Sale via my site! Link is below. The coastal San Diego market varies with each different location. As we go from North to South along the coast prices increase.

Oceanside being the most reasonable with prices for condos starting in the high $100,000's to $2.5 million and houses starting in the $300,000's and going to $4.6 million. Oceanside also has the greatest number of senior housing units.

Carlsbad is well-known for its beaches and school districts. Condos start at $200,000 and go to $1.8 million. Detached houses start in the high $400,000's and go to $2.5 million.

Encinitas is also well-known for its beaches and school districts. Here and La Jolla of the most popular areas for surfing. Prices for condos start at $250,000 and go to $2.8 million. Houses start at $550,000 and go to $8.5 million.

Cardiff by the Sea also has great beaches, great surfing and great schools. It's the smallest of the beach communities and uses many of Encinitas's city services. Condos start at $330,000 and go up to $1.9 million. Houses start at $560,000 and go to $2.5 million.

Solana Beach is another small beach community which has a great design district, along with great schools. Condo prices start at $325,000 and go to $2 million. Houses start at $875,000 and go to $4 million.

Del Mar is well-known for its racetrack, County Fairgrounds and its small but upscale downtown area. Del Mar has a great school district, with a high school being one of the highest ranked in the state Condos start at $260,000 and go up to $2.2 million. Houses start at $750,000 and go up to $50 million (yes, $50 million, and it is currently in escrow).

La Jolla is well-known worldwide for its surfing and beaches along with the Scripps Institute of Oceanography. The downtown area houses in major financial district along with a very upscale shopping area. Prices for condos start in the $250,000 range and go to $5.7 million. Houses start at $700,000 and go to $19 million.

Please do not expect to find the low end of these price ranges close to the beach.

We have had a significant increase in inventory of available houses & condos. This is creating the first good buying opportunity in 3 years. Call me at 888-668-9053 to see how to cash in on a good deal.

Interest rates are the lowest they have been in over a year. This is a good time to buy if you plan to keep the property for more than 2 years.

Due to limited number of properties available, coastal homes tend to hold their value. However we are still seeing prices drop along the coast.

Search all San Diego area homes at http://www.sandiegohomes4u.com/MLS_Search.htm

We stay on top of the market.
Call us today at 760-436-0087 or
toll free at 888-668-9053 to buy or sell.

ZIP Codes: 92054, 92008, 92011, 90024, 92007, 92075, 92014

Approximate Location Boundaries: Pacific Ocean to the west, 5 miles inland, Camp Pendleton to the north in San Diego to the south

Location Characteristics: The only Mediterranean climate in the United States. Beautiful weather that can only be found on the San Diego coastline. Sandy beaches which are free for use by the public.

This area includes the following coastal communities from North to South: Oceanside, Carlsbad, Leucadia, Encinitas, Cardiff by the Sea, Solana Beach, Del Mar & La Jolla. Prices also follow a North to South pattern. Oceanside being the most reasonable with prices for condos starting in the low $200,000 and houses starting in the low $400,000.

For More Information:

View Market Conditions of other areas served by Dennis & Sunshine Smith

Navigate: Top > California > San Diego

About Dennis & Sunshine Smith:
Dennis & Sunshine Smith, getting the job done for you. We, and the rest of our team, have developed systems to make your transition an easy one. We are here to help you all the way through...and beyond. Please contact us today.
Buy or Sell a Home with Us, Use our Moving Truck FREE


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.



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