The San Diego Real Estate market is continuing to go strong into 2021. The southern California median sales price hit an all-time high in September 2020. Real estate forecasts are predicting that San Diego will continue to be a hot market and see sales increase by 5%.
San Diego is a seller’s real estate market, so if you are looking to sell your home, whether it is to downsize or relocate, this is an opportune time. The inventory is low, which will keep the home prices up.
The San Diego market is ranked #10 by Zillow as being one of the hottest in the nation. They rank the market in the top 10% for real estate appreciation.
San Diego County has a wide variety of neighborhoods, amenities, and moderate weather that make it a great option for all age groups and families. The desire has also driven the housing demand in San Diego for additional space as people are spending more time at home.
The city of San Diego continues to outpace California’s job recovery. The metropolitan area serves as a major employment center for naval aviation, scientific research, health care, education, trade, and tourism.
The city of San Diego attracts many singles ranging from the 20s to early 40s, as the amenities like restaurants, clubs, an active nightlife, and the minimal commute time. In particular, the zip codes of 92106, 92107, 92110, 92101, and 92103.
The Fleet Ridge neighborhood in the zip code 92106, is a combination of single people and single parents. They built the homes in the 1950s and the median home value is $834,800. The schools are part of the San Diego Unified School District.
The zip code 92107 is the neighborhood of Ocean Beach and borders Point Loma Heights, within the city of San Diego. It is a popular area for singles, which is why there are very few vacancies, and the median value is $650,700. For anyone that is looking to downsize their home to switch into the next chapter of life, whether that is a senior community or a nursing home, this is a great time to renovate the home and sell for maximum profit. Homes sell in a short amount of time once listed.
San Diego Cities 92110 and 92101 are perfect for those that want short commute times while enjoying the city life amenities. The 92110 zip is made up of an affluent demographic of Millennials. The median home average is $466,300, and they built the homes in the 1960s and 1970s. The city of 92101 is also a draw for Millennials.
Hillcrest is the neighborhood associated with the 92103 zip code. It is a neighborhood that has a higher number of seniors, as there are several nursing homes nearby. The other age range is the late 20s to 40s professionals who tend to find this a great spot to call home. The median home value is $546,800.
If you are considering selling your home in San Diego, Renovation Realty is ready to help you maximize your profit so that you are ready for the next stage in life. Our full-service real estate brokerage is combined with a general contractor license to maximize your profit from the sale. The City of San Diego is a market that will be easy to sell your home whether it is due to downsizing, relocation, divorce, or an inherited home.
Renovation Realty helps their clients by having the knowledge in San Diego Real Estate and the ability to update homes for a smooth, profitable transaction.