These are the top cities in San Diego county that have the highest appreciation. Investors and home buyers that will live in the property are going for it while the home loan rates are artificially low and great low prices. San Diego county is doing better than other cities around the country due to location and we were one of the 1st state to deal with the foreclosure market 5 years ago. Therefore we lead the way back out of it. As you can see in the chart below information source Data Quick show significant changes for the better in the San Diego county.
The bigevent that investors are doing is buying foreclosures and flipping them as a rehabbed property, then selling to regular buyers. There are renovation loans where you can do it also. One loan to purchase and renovate, then they are combined to one loan when completed.
The second big event is buying condo’s with homeowner association issues due to high delinquencies in their financial budget and or low owner occupancy rate. These problems cause it to have difficulty to get low down payment buyer financing, therefore the price are low and great bargains. The investors on the condo’s are buying and holding. As the market eventually returns to non distressed market these low condo prices will go higher and making great equity investments.
Chart of the highestcities medium valueincreasesinSan Diego County forApril 2011, compared toyear ago.
Resale Single-Family
City | Zip | Sales | Median | % Chg | |
Golden Hill | 92102 | 16 | $353,500 | 91.10% | |
Hillcrest, Mission Hills | 92103 | 11 | $638,500 | 66.70% | |
Kensington, Normal Hts | 92116 | 19 | $421,500 | 22.20% | |
Vista W | 92083 | 30 | $275,500 | 17.50% | |
Ocean Beach | 92107 | 12 | $767,750 | 15.30% | |
Rancho Bernardo W | 92127 | 34 | $856,000 | 14.10% | |
Scripps Rch | 92131 | 22 | $726,250 | 10.20% | |
Alpine | 91901 | 16 | $475,000 | 9.20% | |
Escondido S | 92025 | 21 | $299,000 | 8.70% | |
Jamul | 91935 | 8 | $427,500 | 8.20% | |
Carmel Valley | 92130 | 26 | $995,000 | 7.60% | |
San Carlos | 92119 | 20 | $402,500 | 5.70% | |
Sorrento Val. | 92121 | 3 | $700,000 | 5.30% | |
Bonita | 91902 | 13 | $430,000 | 4.20% | |
Oceanside (Central) | 92058 | 12 | $315,000 | 3.30% | |
Chula Vista NE | 91914 | 11 | $472,000 | 3.10% | |
Paradise Hills | 92139 | 27 | $254,500 | 3.00% | |
Chula Vista S | 91911 | 47 | $271,500 | 2.60% | |
Bonsall | 92003 | 5 | $647,000 | 2.50% | |
La Jolla | 92037 | 31 | $1,425,000 | 1.80% | |
Resale Condo’s and Townhomes | |||||
City | Zip | Sales | Median | % Chg | |
Imperial Beach | 91932 | 10 | $226,500 | 137.80% | |
Cardiff | 92007 | 2 | $875,000 | 110.80% | |
Ramona | 92065 | 1 | $157,500 | 108.60% | |
National City | 91950 | 4 | $133,500 | 73.40% | |
Alpine | 91901 | 1 | $168,000 | 52.70% | |
Linda Vista | 92111 | 17 | $240,000 | 48.40% | |
Oceanside S | 92054 | 17 | $340,000 | 42.60% | |
Serra Mesa | 92123 | 14 | $241,295 | 41.10% | |
Del Mar | 92014 | 14 | $725,000 | 39.60% | |
Oceanside E | 92056 | 13 | $182,000 | 37.90% | |
Oceanside (Central) | 92058 | 14 | $166,250 | 27.90% | |
Rancho Bernardo W | 92127 | 25 | $329,500 | 25.30% | |
Vista E | 92084 | 2 | $141,500 | 22.50% | |
San Marcos N | 92069 | 8 | $137,250 | 21.50% | |
Lakeside | 92040 | 9 | $100,000 | 20.50% | |
Oceanside N | 92057 | 19 | $146,500 | 19.10% | |
Solana Beach | 92075 | 7 | $566,000 | 17.40% | |
Fallbrook | 92028 | 5 | $218,500 | 16.70% | |
City Heights | 92105 | 8 | $105,000 | 16.00% | |
Escondido E | 92027 | 10 | $121,000 | 10.00% | |
Lemon Grove | 91945 | 4 | $96,000 | 9.40% | |
Chula Vista SE | 91915 | 15 | $250,000 | 8.70% | |
Ocean Beach | 92107 | 8 | $403,000 | 8.60% | |
Santee | 92071 | 19 | $205,000 | 7.60% | |
Chula Vista S | 91911 | 21 | $135,000 | 7.10% | |
San Ysidro | 92173 | 8 | $110,000 | 4.80% | |
College | 92115 | 10 | $114,000 | 4.60% | |
Chula Vista N | 91910 | 17 | $155,500 | 3.70% | |
Mission Bch, Pacific Bch | 92109 | 22 | $365,000 | 3.30% | |
Escondido S | 92025 | 10 | $122,500 | 2.90% | |
Poway | 92064 | 5 | $300,000 | 2.60% | |
Logan Hts | 92113 | 5 | $81,500 | 2.50% | |