I’ve linked below to my monthly San Diego real estate market update for February 2010. There is also a 2009 review and 2010 outlook.
Inventory is still very low below about $700,000 making it a seller’s market, where we’re seeing a lot of competition between buyers and multiple offers on many properties. This is taken to an extreme below about $400,000 where homes are selling very quickly as long as they are presented well and priced appropriately. It’s a totally different story above about $900,000 where it’s a buyer’s market with an abundance of inventory and not enough buyers.
There’s some good advice for buyers and sellers in the report too. Give it a read and please don’t hesitate to call me with any questions.
Walker Beeken February 2010 Real Estate Newsletter – SD Market Report
