Ever wondered what it would be like to purchase a vacation or retirement home in San Diego?
San Diego has repeatedly been awarded one of the top destinations to live in the U.S. between the astonishing weather all year round and being voted the most fun place to live in the U.S., you never run out of things to do here with the endless events and outdoor activities. It is no wonder everyone wants a sliver of paradise that San Diego offers.
That being said, its been a competitive market as of late so finding your share may not be the easiest mission, but that's where we come in. Now is the time to invest in Southern California property, for several reasons. A purchase of real estate is an investment for your future. According to Renofi estimates, by 2030 the average home here will be worth approximately $1,145,000 million. San Diego rated the 6th most valuable major metro area, even beating New York City and quite a few other high-priced markets.
Here's why now is a good time to invest in a San Diego vacation or retirement home:
- The peak of the market has passed. In 2020 and 2021 there were more sales and buyer demand in those 2 years than has been in the past 14 years.
- You may be saying, 'but rates have increased!" What this has helped do is normalize the market and weed out buyers that are not as serious, thus resulting in less multiple offer situations. (This is dependent on the sub-market of the kind of property you're considering of course)
- The area is increasingly becoming more expensive. We often hear "I wish I would've invested a year or two years ago and bought a property". Why wouldn't the same be said in the future? Now is the time. San Diego has some of the best quality of life, so do not let yours get the best of you by playing the waiting game.
If San Diego fits your lifestyle and is a place you see yourself, do not hesitate and let the picture the media paints cause fear within this market. The media is not always correct, let us be your source.
What does a typical vacation/retirement home look like in San Diego?
Downtown San Diego Harbor Views
Average Price for a condominium $1.5M - 2 Bed / 2 Bath - Approx. 1,300 SqFt
La Jolla Properties
Condominium average price $2.5M - 3 Bed / 3 Bath - Approx. 1,905 SqFt
Single family home average price $6M - 5 Bed / 5 Bath - Approx. 2,900 SqFt
Del Mar Properties
Condominium average price $1.1M - 2 Bed / 1 Bath - Approx. 830 SqFt
Single family home average price $9M - 5 Bed / 6 Bath - Approx. 5,400 SqFt
Carlsbad to Oceanside Properties
Condominium average price $1.25M - 2 Bed / 2 Bath - Approx. 1,040 SqFt
Single family home average price $4M - 4 Bed / 3 Bath - Approx. 3,300 SqFt