Investing In San Diego Real Estate
Real estate is an investment no matter where you live, but the San Diego real estate market is one of the strongest in the country. The city is the second largest in the state by population and has more than 70 miles of beautiful coastline. With lots of lovely features, it’s a great place for tourists, but it’s also comfortable for residents. San Diego brings over 35 million visitors to its beaches and city landscape every year and with perfect weather in every season (and an average of 64 degrees), it’s a tourist and resident’s paradise. Because of all of its benefits, it’s the perfect investment spot for anyone looking into San Diego real estate.
The San Diego Real Estate Market
There are an increasing number of real estate options in this region of California in recent years as the real estate market continues to grow and more people invest in the area. The growing population has an impact on supply and demand and while there’s plenty of demand, developers are working on the supply portion as much as possible. Since demand is high, investing in the area in your own property will put you in a good situation if you decide to move later. Selling is going to be easy and the return on your investment high. There has been a rise on single family homes in the area in recent years as well, which gives you more opportunities to find a good fit.
Appreciation In The Market
You know you can make a profit by investing in real estate in most markets, but San Diego has high appreciation rates. In fact, appreciation in this area of the country is three times higher than the national average. While buying a house is a big investment, there are big profits to be made on the other side in the future.
Finding Real Estate In San Diego
In April 2017, nearly 4,000 homes sold on the San Diego real estate market, which was the lowest sale number in the past five years. Supply is limited and demand is high, which can make it hard for homeowners to find just what they want. Some buyers have to settle for what they can find instead of what they really want, just so they can get something within the market. However, there are new developments going up in a variety of locations that have the potential to give buyers both.
San Elijo Hills—The Height Of San Diego Real Estate
San Elijo Hills is a development in San Diego County that aims to give buyers what they want and what they need, all in a highly desirable location. These new homes are located near award-winning schools with accessible hiking trails, a nearby town center, shopping, restaurants, and anything else a family could want. With the market value in the area and the beautiful, yet convenient location, no investor can go wrong with a new home in San Elijo Hills.