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 big event 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. Click here to get more loan information.
If you are a buyer or investor that will use finacing or can buy all cash and are ready to get started then click New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun! or thinking of selling your property, please contact me today for free counseling at (619) 301-0200
Chart of the highest cities medium value increases in San Diego County for April 2011, compared to year ago.
|Hillcrest, Mission Hills||92103||11||$638,500||66.70%|
|Kensington, Normal Hts||92116||19||$421,500||22.20%|
|Rancho Bernardo W||92127||34||$856,000||14.10%|
|Chula Vista NE||91914||11||$472,000||3.10%|
|Chula Vista S||91911||47||$271,500||2.60%|
|Resale Condo’s and Townhomes|
|Rancho Bernardo W||92127||25||$329,500||25.30%|
|San Marcos N||92069||8||$137,250||21.50%|
|Chula Vista SE||91915||15||$250,000||8.70%|
|Chula Vista S||91911||21||$135,000||7.10%|
|Chula Vista N||91910||17||$155,500||3.70%|
|Mission Bch, Pacific Bch||92109||22||$365,000||3.30%|
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