Is Right Now a Good Time to Invest in San Diego Real Estate?

Yes, right now is the perfect time to invest.

 

In 2012, PricewaterhouseCoopers and the Urban Land Institute ranked San Diego as one of the top ten “real estate markets to watch in 2012.”

In 2013, San Diego ranked high on the list of “best cities” for a variety of attributes, including “Best City to Live In,” “Best City for Twentysomethings,” “Best Cities in Which to Stay Young,” and “Best Cities in Which to Raise a Family.”

In 2015 a WalletHub survey ranked San Diego the 6th best large city in the nation and the 6th best city for military veterans.

According to the PricewaterhouseCoopers Emerging Trends in Real Estate Forecast, this popularity is due to San Diego’s near-perfect year-round weather, which attracts a steady stream of affluent retirees as well as those trained for employment in San Diego’s numerous – and expanding – biotech companies.

It could also be due to the quality of education available here. WalletHub ranked San Diego 3rd overall in education and the San Diego Unified School District tied for “Best in the nation.”

While San Diego home prices reached their peak in 2006 and then crashed to 2001 levels by the end of 2009, prices have been steadily climbing. Will they soon rise above the 2006 peak? We don’t know.

We do know that the still-low interest rates may present a once-in-a lifetime opportunity to own prime San Diego real estate.

It’s still a good time to buy Rental real estate …

Now is also a good time to buy and own rental real estate. Consumers who lost their homes to foreclosure or sold on short sales will, in most cases, be unable to purchase new homes for at least a few years. This creates a heavy demand for rental properties and pushes rental rates upward. In addition, our population continues to increase as more move here to enjoy all that San Diego has to offer. Right now only about half of San Diego’s population owns their own home.

Find your San Diego dream home or investment property now – so you don’t look back in a few years and say “I wish…”

When you’re ready to begin the search for your perfect investment, call 619-929-1413 or write td@tomdunlap.com. We’ll be pleased to assist.