San Diego Real Estate Update
San Diego Real Estate Update
What is the real estate market like in San Diego compared to the rest of the country? If you want to sell your home this may not be the best time to do so, but if you are looking to purchase a home in San Diego there couldn’t be a better time to take advantage of a market that has been a roaring beast over the last 10 years.
San Diego is experiencing a slow down just like the rest of the country is experiencing but it still remains a much stronger real estate market compared to others. When you compare the other real estate markets to San Diego you will find that San Diego remains much stronger compared to others because employment remains strong in the county. When I look at San Diego I think of these different things that are a big part of the economy.
1. The Military – You can’t think about San Diego and not think about the military, the Navy, Marines both have a very large presence in San Diego County at several different bases.
2. Tourism – San Diego is a huge tourist attraction for people seeking some beach and sunshine!
3. College School System – We have San Diego State, UCSD, USD, Cal State San Marcos among others where thousands of kids escape to San Diego to get away from their parents which brings thousands and thousands of kids to San Diego economy.
4. Bio-tech / Pharmaceutical Business – Many people don’t realize how much research and development is done in San Diego.
These are just some of the different industry’s that bring a tremendous amount of revenue to San Diego’s economy. The reason I bring this up is to show you that San Diego has different industry’s that continue to keep the economy strong. If you really want to own a home in San Diego then take advantage of this market and purchase something. I don’t expect to see home values stay flat for much longer then the remainder of 2008 and many markets in San Diego are still appreciating and slowing going up in value.
You may also want to consider purchasing a foreclosure and we can help you with that. We work with many different banks and have many different foreclosures for sale in San Diego. Please visit our foreclosures for sale section to view the entire inventory of foreclosures for sale in San Diego County.
Carlos Aguilar is a licensed realtor in San Diego. He has been licensed since 1972 and is an expert in Residential real estate in San Diego county. In addition to residential real estate, he is an expert in Commercial Lending for income property.
