| The San Diego condo market has seen steady | | | | December 2009 was up nearly 10%, in |
| increases in prices over the last six months. This | | | | comparison to December of 2008. Sales have |
| is an excellent sign that the housing market, in the | | | | continued to remain strong during the first six |
| area, is starting to settle down as the price | | | | months of 2010, which is excellent news for the |
| declines have stopped. The sales in the area have | | | | San Diego condo market. |
| also been steadily increasing. This has caused a | | | | It is interesting to note that just over one third of |
| decrease in the available inventory on the market | | | | all properties being sold are distressed properties. |
| and has helped to peak the interest of potential | | | | These foreclosures are being snatched up at |
| buyers. The best news about this turnaround is | | | | excellent prices. Back during the housing market |
| that the values of homes in the area have | | | | crash, many people that had investment |
| stopped dropping, which is great news for current | | | | properties in the area chose to let them go into |
| homeowners as well as prospective buyers. | | | | foreclosure because of the bleak outlook of the |
| In December 2009 the median condo price went | | | | housing market at the time. Now that the market |
| up nearly $5000, which brought the median price | | | | is starting to recover slowly, buyers are jumping |
| to $330,000. This is a big increase over the | | | | back in and purchasing properties at a great price. |
| previous years median price, which came in right | | | | The condo market in San Diego should continue |
| around $300,000. | | | | to improve as long as interest rates remain low |
| The California housing market was one of the | | | | and the median house prices continue to slowly |
| hardest hit areas throughout the country. It is an | | | | creep upwards. This will get a lot of people to |
| excellent sign that the prices have stopped falling | | | | start thinking about buying again, before prices |
| and that they are slowly starting to creep back | | | | start to go up a lot. Now is an excellent time to |
| up. This has spurred a lot of action within the | | | | buy, both for new home buyers as well as |
| condo market in this area. | | | | investment home buyers. With the city being one |
| Another great sign of a stabilizing housing market | | | | of the most beautiful locations in the world, there |
| is the increased number of condo sales. The | | | | are numerous reasons why this market will |
| number of condos sold in the month of | | | | continue to stay strong. |