Archive for June, 2008
It is Late Spring 2008, Is it the time to Buy Real Estate In San Diego ?
June 4th, 2008 categories: Buying San Diego Real Estate, San Diego Real Estate, Selling San Diego Real Estate
When a consumer asks that question about the San Diego real estate market, the professional knee jerk reaction is “Of course it is the right time to buy”, “It always is”. Then again, if that were case, how come there is so much much unsold inventory, right?. OK, that is a bit cynical but the point is , the answer to that question is not an easy one to make in such general ways.
There are some great opportunities to buy property that is at or below our present market values. The caveat is, will our market values improve from here or not? And what determines if the price is at or below the current market value, prior to an appraisers opinion? The last one sold? And since no one I know has a reliable crystal ball on value in a declining market, the judgment about if this is the right time, depends on who is asking and what the longer term goals are.
Investors and speculators, this article does not address you , it is for Buyer(s) of single family homes and condominiums.
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