There's a new marketplace here in San Diego, the phenomenon known as a Seller's Market! Where last year, and even to the beginning of this year, we kept seeing prices fall, a glut of homes available and no buyers in sight.
Now, we have multiple buyers, fewer sellers, prices rising and multiple offers being submitted. Thanks to the Government Tax Credit of $8,000 to qualified first time homebuyers, which ends December 1st, the thought of owning and getting $$ back has created it's own wave, almost tidal!
Once upon a time, last year, you could find multiple single family homes available in the College, Clairemont, Mira Mesa areas priced at or under $250,000. Now there's a grand total of 2! Mira Mesa and Clairemont have become the new hotbeds of desirable areas with homes receiving many multiple offers - one in Mira Mesa actually received 63! 8 or more is not unusual, and that is increasing the prices and buyer frustration as they continue to search for that elusive property - one they can afford!
There are areas with a few single family homes in this price bracket - minimum 2 bed, 2 bath, at or under $250,000 - Chula Vista has 17, Lemon Grove/La Mesa have 16, El Cajon/Spring Valley have 42, and North Park/Normal Heights have 11.
As a buyer's agent, it means a lot more work, and a whole lot more satisfaction when you do get an accepted offer - you can search for all homes available in San Diego County at www.HomesSanDiegoOnline.com
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://www.JaneLoveday.com
Tuesday, July 21, 2009
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