Low inventory of homes for sale in San Diego County is contributing to the
upswing in prices. Total homes for sale currently is around 4,400 compared
to 6,700 back in September.
For the first 16 days of March, the median price of all
homes sold in the county has risen to $506,000. February 2017 prices were up 8%
over February 2016.
Mortgage rates for
a 30-year fixed loan for a borrower with good credit are still low -- currently around
4.14%.
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
San Diego Gay Realtor
