California, and specifically San Diego is one of the hottest markets in the U.S. this month. Chief economist at realtor.com, Jonathan Smoke researched the top markets in the U.S. that had the most views per listing and a the best turnover rate. The cities that made the list sold 20 to 38 days faster than other regions. San Diego bumped up to number 5 in June, 2016 from 8 in May, 2016.
It’s pretty easy to see why San Diego’s housing market is doing well in the detailed overview bellow. San Diego offers a wide variety of activities for families and individuals to enjoy, which makes it the ideal place to live.
Median Sales Price, Price Per Sqft, Median Rent Per Month
Source: Trulia
Month over month there has been a 13.77% increase in median sales price, .02% increase in price per sqft, and .03% median rent per month.
Median List Price Per Region
Source: Trulia
Trends For San Diego
The graphs bellow convey key price indicators. The market trends display a 5% increase in median sales price year-over-year and no change in media rent per month.
Source: Trulia
Crime In the Last Year
If you are planning to buy property always check out the crime rates in the area to give you a feel for the safety of the neighborhood.
Source: Trulia
What Are the Best Schools?
If there are children in your family unit then pick a neighborhood with one of the top rated schools.
Source: Trulia
What Is the Average San Diego Resident Like?
It’s important to know your target market, especially for property investors.
Source: Trulia
How Do They Commute?
Choose a home that is close to the most used transportation, or you if you will be renting your property than choose a location close to the transportation your tenants will probably use.
Source: Trulia
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