Still a Good Time to Get In?
Is it a good time to buy? Yes! Is it a good time to sell? Yes! Please remember that in 2014, rates were similar to what we are seeing currently. Did that stop me from buying? No. In fact, when I bought in 2008, I paid 6.25% and I was still grateful to get into the San Diego real estate market. Why? I know that I bought at a good time in a good location, and my investment paid off. The interest rate was higher, but I was still earning equity. The equity earned on my first home (condo) became the downpayment on our single family home six years later, and six years after that, the equity earned on that single family was enough to be a downpayment on our current home in our desired zip code.
My advice is to just start. Start anywhere, but start none the less. Whether it’s a tiny condo and/ or not the home of your dreams, it’s okay, because the equity you earn on that property will set you up for success in the future.
Here is the latest sales data on North County Coastal San Diego
Carmel Valley 92130 Home Prices
In May there were 47 home sales with a median sale price of $2,208,000 a whopping 10% over the list price, at at average of 18 days on market.
Del Mar Home Prices 92014
Last month there were 20 residential home sales in Del Mar with an average of 9 days on market. The median sale price was just under $3M. I wound’t say prices are necessarily down, here, some of the lower-end properties sold while those $5M and up are sitting for longer.
Solana Beach, Cardiff & Encinitas
Sale price about 5% over list price for the month of May in Solana Beach, Cardiff, and Encinitas. The median sale price was $2.98M with an average of 13 days on market.
Data from San Diego MLS, Tuesday, June 7th, from 5/1/22 – 5/31/22 for 92014, 92130, 92075, 92007, & 92024
Del Mar Homes For Sale
Carmel Valley 92130 Homes For Sale
$4,250,000
5314 Grand Del Mar Way Vu-7-2 San Diego, California
3 Beds 4 Baths 4,543 SqFt 2.890 Acres
Leave a Reply