Real estate is expensive, we all know that. Are we peaking? Hard to say. Rates are still low and as long as we don’t have a nuclear war things should remain fairly stable. We may have a market that is peaking much like it did 10 years ago but there are many things that are different that make this a stronger market.
What is the biggest difference today compared to 10 years ago? We don’t have LIAR LOANS aka stated income loans anymore. There are a couple stated income loans available but they usually require a minimum of 30% equity / down payment. Because everyone who has purchased a home in the past 8-10 years has had to use real income we have a much better foundation.
I get side tracked easily and the reason you came here was to see what you can buy for $700,000 in San Diego so let’s take a look.
Right now as I write this there are currently 550 homes for sale priced between $675,000 & $725,000 in San Diego County.
Speaking of Downtown San Diego, there are currently 27 listings for sale Downtown between $675-725,000. For $699,000 you can purchase a really cool 2 bedroom, 2 bath condo overlooking Petco park. This condo is located in the East Village which is a fun hip place to be in San Diego right now.
If you want to head about 20 minutes North of Downtown San Diego, you can purchase a townhouse in Carmel Valley which is just East of Del Mar. For $699,000 you can purchase a 3 bedroom town home with 1,432 sf. Carmel Valley has excellent public schools. It’s a great place to raise a family. I am a little bias because I grew up in Carmel Valley.
These are just 3 listings in San Diego. If you’re looking for the most expensive home currently for sale. You can purchase a 9 bedroom home sitting on 210 acres for $85,000,000. This home is located in Rancho Santa Fe. One of the most exclusive places to live in the United States.
Remember, if you’re looking to buy or sell in San Diego County please don’t hesitate to contact us.