ResalesSan Diego, California Continues Runaway Seller"s Market
Realtors in San Diego report that the strong sellers" market continues with prices escalating daily.
"San Diego is a diverse collection of communities that all have unique qualities," suggests Realtor Wanda Sajtar. "It is a wonderful place to live. The climate, geography and people are the main attractions. We have not been adversely affected by this recession due to the diversity of businesses we have here."
About the market, Sijtar says, "San Diego continues to be a strong sellers market with low inventory resulting in multiple offers on well-priced, well-located and well-conditioned properties. The price range doesn"t seem to matter. Interest rates are stable and buyers are out en masse."
Says Realtor Jennifer Bergman, "The prices in these communities are just skyrocketing and showing no signs of slowing down. This is definitely a seller"s market and little room for negotiation when it comes to buyers. We are still seeing multiple offers in a short amount of time, and overbidding for properties is relentless. Now is a time to buy while the interest rates are low and creative financing available for most. The inventory of housing available for sale is low."
"Currently it is a seller"s market and there are no signs of a downtrend in the near future," says Realtor Brad Butner. "This means that home sellers will be able to get top dollar for their home and often get their terms agreed upon. While this is good news as a home owner - it does create some challenges as a buyer. You will find that all prospective home sellers and home buyers are motivated by different goals and therefore the negotiation process is the most important step in meeting these goals."
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