According to the Union Tribune, San Diego saw record numbers reaching an eight year high.
This past month we saw the median price rise by 5.8% as well as seeing 4,467 transactions, up 21% from last month.
“This year’s buying season came with a lot of enthusiasm, and people have a high comfort level to make a purchase decision,” said Mark Goldman, a loan officer and real-estate lecturer at San Diego State University. “Rates are great, there’s a perception of a rate increase, so it’s a measured ‘buy now’ state of mind.”
Mortgages saw a slight rise climbing up to 3.98 for a 20 year fixed mortgage, which is still a historic low. Its a great time to buy in San Diego, especially in areas such as Rancho Santa Fe.
To learn more about the market or to find properties in your area, contact the Rancho Santa Fe Real Estate Jason Barry today at 858.756.4024.