San Diego County is one of the most competitive real estate markets in the nation. Inventory is low, demand high and sales are strong.
San Diego has a diverse array of communities where first-time homebuyers, move-up buyers, and individuals looking for an investment property can explore. So where should you start your search? We’ve compiled some local insights on East County to help you during your search:
- Serra Mesa (92123): Serra Mesa isn’t too far east, and offers easy access to all of San Diego. This is a great area for homebuyers to get into their first home. With prices between $380,000 and $450,000, Serra Mesa offers a central location in the heart of San Diego and affordable prices. More than 23,000 residents reside in Serra Mesa, in properties ranging from single family homes to apartments.
- Santee (92071): Most Santee homes were built in the mid 1970’s, and feature 15 years of newer construction in comparison to areas like Clairemont that are older and need more work. The City of Santee is arguably the best run and financially sound city in San Diego County. Development continues on large retail centers with the evident success of the Santee Trolley Station. Santee is also a popular rental market for investors to pay cash for a property, fix it up and add to the rental market.
- El Cajon (92020 and 92021): Popular for first-time buyers – FHA/VA Financing. Single family detached homes in this area start at $300,000. In El Cajon Valley, buyers will find large lots from the old ranch building style.
- San Carlos (92119): San Carlos and Del Cerro are two areas where Renovation Realty has seen the fastest sales. All of the homes that Renovation Realty has listed in this area have sold in less than five days. This area is great for move-up buyers, looking for a property between $450,000 and $550,000.