San Diego has a large inventory of foreclosed properties. As of the week ending December 15th, there were 7,028 homes in some stage of foreclosure. The average listing price for San Diego homes was $555,174 for the week ending Dec 15, which was a decrease of 7.2% compared to the previous week. The average price per square foot for a San Diego home was $281, which is an increase of 8.9% compared to a year ago. The median sales price during the period September 10 through November 10, 2010 was $325,000, which was an increase of 7.2% compared to the same time last year. The most popular neighborhoods in the San Diego and surrounding areas are Carmel Valley with an average listing price of $840,474, North Park with an average listing price of $329,418, Rancho Bernardo with an average listing price of $423,279, Pacific Beach with an average listing price of $642,009, and Mira Mesa with the average listing price of $338,020.
Other hot San Diego neighborhoods include Redwood Village-Orlando with an average listing price of $1,420,382, Old Town with an average listing price of $543,893, La Playa with an average listing price of $1,542,212 and Stockton with an average listing price of $222,250. Other nearby popular cities include Coronado with an average median sales price of $1,186,500 and an average listing price of $1,952,126, National City with an average median sales price of $205,250 and an average listing price of $219,245, Lemon Grove with an average median sales price of $237,250 and an average listing price of $247,198, Chula Vista with an average median sales price of $310,000 and an average listing price of $349, 110, La Mesa with an average median sales price of $325,000 and an average listing price of $429,641.
So why are so many people interested in living, working and retiring in San Diego, CA? The answer is simple. San Diego offers residents a beautiful and safe place to live with fabulous year round warm temperatures, beautiful beaches, abundant water sports including boating and fishing and lots of cultural with museums, art galleries, concert halls and theatre. It’s a world class renowned area that continues to offer plenty of business opportunities concentrating on the high-tech industry including cutting edge communications, electronics, biotechnology and many other major industries including military defense, manufacturing, agriculture and tourism. It’s known as “Telecom Valley”. So if you are looking for a great place to invest, San Diego should be on the top of the list.
San Diego has a diverse population and culture, some of the best restaurants and nearby is Mexico. There are plenty of things to do, lots of entertainment for the family including the world-famous San Diego Zoo, Balboa Park, Old Town, Sea World and many more tourist attractions. San Diego’s north county is popular with retirees. You will find all age communities, mobile home parks and communities, 55 bungalow communities, golf communities and much more. Oceanside, San Marcos, Encinitas, Rancho Bernardo and Carlsbad are great areas for retirees. There is something for everyone in San Diego and surrounding areas.
If you are looking for the perfect place to live, work and invest, look no further than San Diego and its surrounding communities. You will not be disappointed. Right now there are many good opportunities to own San Diego foreclosed homes, and there are also good opportunities to purchase resale homes in the area as well.