Is the San Diego Area Growing or Declining?

     I have seen the San Diego area continue to grow. It is expanding almost upwards north as far as it can go and outwards east as far as it can. There is not an abundance of vacant property now to be developed, although, Scripps Ranch is a great area that is growing. The city is moving east toward Santee and those areas are highly desirable, with more custom homes. The San Diego market area is growing and hopefully we can continue to see jobs increase and sustain this growth. I think we are currently in a very healthy market, however, in 2005 (the “boom”) it was $0 down and 100% financing where one could get in their home then refinance to a regular loan rather than an interest only loan. Now, on the flip-side in 2014, we’re in such a healthy market where you can put money down, (typically) get in with equity, and many appraisals are coming in over purchase price which is a very good sign. In San Diego as a whole, there are lots of sales and the sale volume is there. In addition, the prices are creeping upward. Not at such a vertical rate, which I’ve seen in the past, it’s more of a steady climb. In the upper end properties we’re seeing bigger sales, waterfront sales, $16 million sales, $24M sales – even in La Jolla, Del Mar and oceanfront properties. That market range is usually the last to fall, so when those properties start selling and those prices are attained, that’s a very good sign for everyone in the lower price ranges. With that being said, I believe our market is strong and will continue to thrive.

San Diego Real Estate Market Showing Growth in 2014

Contact me today to learn more about what your property is worth
or to find out what homes are for sale in your area!

Vincent Crudo
858-518-1236 (Call or Text)
Vincent@VincentCrudo.Com
http://www.SDLuxe.com

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Can I Have A Property CMA for My Area and How Do You Go About Doing That?

     In order to produce a CMA for your property, I will look at all the active, pending and sold properties in your area. I will prepare your comp two ways; one CMA will be geared towards your specific area and one will be geared toward a bit of a bigger area in order to give you the value of your home. Cities within the San Diego area, such as La Jolla, break off into many little neighborhoods, and different neighborhoods are going to have varying values depending on where you live and the unique characteristics of your property. Not one property is ever the same, so in order to determine the value which can be challenging, I have to consider all the characteristics of your home; the layout, finishes, geographical location, and much more. My report will depend on all factors. As a professional realtor that has hyper-local knowledge of my area, coupled with being a native of San Diego, is a great benefit when it comes to determining the value of a home. I have been in the majority of homes that have been on the market and have sold, so I can give you a better assessment than most appraisers or assessors.

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Contact me today to get your property CMA!

Vincent Crudo
858-518-1236 (Call or Text)
Vincent@VincentCrudo.Com
http://www.SDLuxe.com