New Condos Online | Condos For Sale | Find Condominiums Worldwide

Condos & Homes     Members | Sign In - Register     Agents | Sign In - Register

February 21, 2008

San Diego Homebuyers who can afford a median priced home rises!

Filed under: San Dieog Condos — Thimble @ 8:50 am

I like listening to some local news. Today, as I was drinking my coffee on my way to work, the local news said that the percentage of first-time homebuyers who could afford a median priced home in San Diego rose 7% to from 24% to 31%. Condos and homes both! A quality median house runs just shy of $450,000. To be more specific, $444,480. Can you believe that? That is the median price of a home in San Diego county!?!? Gnarly! How is this rise explicable?

Well, there are multiple factors affecting this rise in first-time homebuyers. 1. Lower interest rates and 2. Over supply of product. With lower rates, more people can afford condos and with the over supply of condos and other types of real estate, the average price has gone down. San Diego is a very unique place to live. It’s a very beautiful area of the US with a very expensive real estate market but there are pockets that are very affordable. I predict that next quarter, the number of people who can afford a median priced house will increase even more. This is great news for first-time home buyers. They are getting such a sweet deal. Developers of San Diego Condos are offering incredible incentives and other sellers are dropping their prices drastically. San Diego condos for sale are a great investment right now. Buy if you can and if you’re selling, hold off for a little bit longer!


Spotlight
Follow us on Twitter Facebook


Advertise Your Property - Call Now! 1-800-930-4752


Copyright © 2009 New Condos Online Inc. All Rights Reserved.




Follow us! 
Follow us: twitter

Become a fan! 
Become a fan: facebook!
Company Information
About NCO
Our Services
Contact Us
Clients
Charities
Partners
Testimonials
Site Map
News Update
All City Condo Info
Real Estate Resources
NCO Blog
NCO In News
Condo News
Condos for Sale or Rent
San Diego Condos | Las Vegas Condos | Florida Condos | Chicago Condos | San Francisco Condos | Seattle Condos | Phoenix Condos | Miami Condos
Philadelphia Condos | Austin Condos | Los Angeles Condos | Dallas Condos | Houston Condos | Atlanta Condos | Sacramento Condos | Washington DC Condos
New York City Condos | Foreclosure Condos
Advertising & Marketing
Advertising | Email Marketing | Media Buying | Video Marketing | Website Development | Search Engine Marketing | Bulk Sales | Financing | Strategic Partnerships