Investors are betting big on the San Diego Real Estate Market

Serving Families across San Diego County since 2014 Did you know that 25% of all affordable homes in San Diego were sold to investors last quarter? According to Redfin data, in Q4 of last year, 25% of affordable homes were sold to investors. It is likely that these homes will be rented and will not be back on the market for the foreseeable future. The data becomes even more interesting when compared to national averages. Nationally, the number of single-family affordable homes sold to investors also rose in Q4 of last year. However, nationally, investors paid $453,271, while in San Diego, the average purchase price for an investor was $915,000. Investor costs in San Diego were more than double the national average. There are various reasons for the increased purchase price in our San Diego market, from weather to our population growth to our solid rental market. Anyone looking to purchase a home in San Diego competes with other buyers in the market, as well as investors who tend to have a much longer outlook on the property than a traditional buyer. This increase in investor-purchased properties can also be attributed to the attractiveness of lower-priced properties amidst elevated home prices and borrowing costs. That is why investor purchases surged year over year in San Diego County and neighboring Riverside County. As a home buyer, expect a lot of competition from other buyers and investors. With limited inventory options in our market, its competitiveness will increase. Working with a real estate agent who understands how and where to find deals in our market is more crucial than ever. My clients and I worked together to get 3 offers accepted below the asking price this week. How can we accomplish this for your search? Give me a call today! Affordable Home Sales in San Diego Read my Reviews Looking to buy or sell? Let's pinpoint your best strategy and make a move. See all of my listings here Thank you for your time today. I look forward to working with you now or in the future. 3825 32nd St San Diego, CA 92104 Update Profile Sent by zacha@porchlightrealty.ccsend.com powered by Try email marketing for free today!