Wednesday, January 28, 2009

San Diego Condominiums

By A. Kim

Real estate prices all over the country has been appreciating last couple of years and San Diego is no exception. Those who are looking for single family home, today is perfect time to purchase a San Diego condominiums.

Zillow.com, a national real estate portal, the values of real estate in San Diego county has fallen over 17.9 percent since last year. The sales prices of San Diego condos have also declined as much as 28.3 percent since last year and over 52.5 percents of homes have sold for less than purchase price.

Currently, single family homes in greater San Diego area have been selling at median price of $423,000, while San Diego condominiums are selling at median price of $287,000. But, homes in La Jolla, one of the priciest housing market in the US have been down only 12 percent. This kind of housing market have created opportunity for those who want to purchase a home or make investments in real estate market.

Even with tax credits of $7,500 for first time home buyers, financing has been scarce and difficult with the credit crunch, but if you have some cash and good credit, the opportunities are bountiful. The downtown San Diego condominiums market has been steady with lots of interest.

Less upkeep and convenience factor makes the condominiums better place to live than a single family homes. You do not have to mow the lawn or make repairs or remodel the property. It is also perfect for single family with or without children. But the cost of association fee and repair fees can be significant you can enjoy a worry free living.

San Diego is great place to live, work, and raise a family. It has good warm weather for much of the year. If the prices have kept you from owning a home, right now there is great opportunities for you to check our a home options in San Diego California.

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