The median price of homes sold in San Diego County for both March and April
2015 was
$460,000, up from February's median of $445,000.
However, for the first 2 weeks of May 2015 the median price has risen to $472,000.
Prices are also up 5% over last year. The median price in
April
2014 was $438,000.
Mortgage rates for
a 30-year fixed loan for a borrower with good credit are still very low -- currently around 3.9%.
If you're looking to make a move, now may be a good time. Sellers
may wish to take advantage of higher prices and the
greater purchasing power that buyers have due to
low interest rates.
Buyers may wish to lock in lower interest rates
before they go up again.
Let me know if I can provide a list of recent comps in your neighborhood, or a list of homes for sale in the areas where you may be interested in buying.
Kimball Vincent
San Diego Gay Realtor
Kimball Vincent
San Diego Gay Realtor
