San Diego's weather is beautiful and the real estate market is hot!
Okay, maybe not "hot" but it is warming up. Sales are up and so are prices, the number of sales in June [compared w/ June 2011] is UP more than 9% and prices are up almost 2% from a year ago. Remember, this is includes all properties: condos, detached and 2-4 units.The most surprising change in the past 4-5 months is the limited inventory-- there is nothing for sale! Also, foreclosures only comprised 42% of resales this June, that is the lowest since 2008. There have been more "normal" sales and flips on the market leading to bidding wars and prices creeping upward.
There have been several new laws passed effecting short sales and under-water homeowners but they might actually facilitate the short sale process.
If you have questions or are thinking about buying or selling feel free to contact me anytime!
