Most property analysts and experts agree that 2014 is the best time to buy a property in San Diego real estate market. Development and construction are continuously on-going, while more homes are available for the most discerning property buyers and investors.
While it is true that prices are still high in the area compared to many other real estate markets across the US, there are more than enough logical reasons for you to consider looking for and buying San Diego properties.
Cost and returns
San Diego real estate is ideal for investors who are after long-term growth instead of instant but short-lived cash flow. Properties in the area usually generate desirable appreciation, making most investors want to agree even to high down payment and at times negative cash flow (for those who intend to lease their homes).
However, now is the best time to buy properties in San Diego. Amid a buyer’s market, cash flow of landlords are showing signs of improvement and tag prices of available homes are becoming more reasonable.
In fact, based on data from a local property index, average price tag across the San Diego real estate market has been declining from March to May 2014. Annual appreciation of properties in the area has been on the decline since it reached its peak in August 2013.
Another highlight of the property market in the area is its attractiveness for vacationers and travelers. There are just too many activities and sights to enjoy. Within the area are options for every type of activity that you may want to do for leisure—world-renowned attractions, arts and culture venues, unlimited outdoor recreation, sightseeing tours, busy shopping centers, and award-winning food joints.
Within it, days are spent best without doing anything at all. Property buyers and investors are looking forward to enjoy nearby 70 miles of breath-taking beaches, opportunities for pampering (like resorts and spas), and numerous gardens and parks.
Another site to consider is the booming community in and around the San Diego Convention Center. The stadium is an occasional site for the most happening events held in the area. The surrounding commercial spots are resounding and the neighborhoods nearby are now getting more promising.
With all the perks and opportunities that can possibly be accessed and enjoyed, no one can contest the fact that investing into the San Diego real estate is worth it.