San Diego Real Estate Update – September 2007
The San Diego real estate market is holding steady compared too many other markets in the United States. In recent weeks the condo market in San Diego has slowed down to a much slower pace then the year before. When you compare total sales for single family and condos in San Diego County you will see a decrease in units that have sold. In August of 2006, there were 2,571 units sold compared to 2,182 in August of 2007.
The market in San Diego has remained fairly steady and has not experienced the same declines as the rest of the United States. Many people feel that the market will continue to decline and in San Diego it is not going to happen like it is in other areas. You have to take the approach and if you feel that you can afford to purchase a home this may be your best opportunity to do so. The market will never experience the type of loss that many people would like to see, San Diego has too many factors that continue to keep the economy much stronger then the rest of the country.
If you really want to purchase real estate and take advantage of a great opportunity then do it, now is the time. The best thing you also have going for you is that mortgage rates are still at historic low levels and any other drop in real estate values may be offset by mortgage rates being higher at the time of purchase.
Take advantage of the market, there are some great deals right now!
