It’s hard to believe that during a pandemic, real estate prices are actually rising. Believe it or not, that is the reality of the current real estate market. The combination of low inventory, pent up demand, and low interest rates created the perfect landscape for real estate prices to increase.
San Diego specifically has seen prices increase dramatically. The price increases are actually so strong they are outpacing the other major California cities and many other cities nationwide. To learn more about it, check out the recent San Diego Union Tribune article citing the data here:
San Diego Union Tribune Article
We are seeing these price increases first hand in our recent activity. Listings with solid opportunity are seeing quick sales with multiple offers. This is the scenario for both single family homes and 2-4 unit properties. As you may know, we also represent single family home buyers/sellers, and we are seeing the same activity strength in this segment as well.
For an in depth discussion, feel free to reach out. We’re happy to help you determine if now is the right time to buy or sell!
Call us for a FREE Consultation! 858-449-1253
You can also email us at Lawrence@DuplexSanDiego.com or write us a message below and we’ll make sure to respond as soon as possible!