San Diego is a beautiful city, and it has always been known for its balmy weather. But San Diego real estate prices are still on the rise, even with the housing market downturn in the rest of California.
What should I know about this?
The median home price in San Diego County was $505,000 last year, up 10% from 2006, according to data compiled by DataQuick Information Systems Inc., based in Carlsbad.
The median price of a single-family home in the county was $455,000 last month.
San Diego is also one of the most expensive places to rent an apartment or condo, with rents rising rapidly. The historical low vacancy rate has dropped under five percent for both dwellings, and the average monthly rental rates are among some of California’s highest.
– San Diego prices are on the rise, according to DataQuick information systems inc.
– San Diego is one of the most expensive places in California to buy a home or rent an apartment/condo because of its low vacancy rates.
– San Diego has experienced rapid growth over the past few years. Still, that trend appears to have stopped due to economic changes occurring outside of San Diego County, including high unemployment and foreclosures.
We hope this information has been helpful to you.
