Half the year is now behind us so I thought it would be a good time to take a look at what has happened with the San Diego Real estate market so far. So what are the hottest zip codes for San Diego Real Estate Market 2017?
We are going to look at the zip codes that have had the most activity, the ones that are selling the fastest and slowest, and also look at the most affordable and most expensive zip codes within San Diego County
Welcome to this month’s San Diego Real Estate Market Update, a special edition of the Mortgage Minute.
Just in case you want to keep up with the usual 5 categories, I put them together in a graphic which you can download by clicking on this link June 2017 San Diego Real Estate Market Update
Don’t forget that all the numbers that I am giving you come from the reports published by the San Diego Association of Realtors. You can find the reports here: http://www.sdar.com/index.php/fast-stats
Let’s start by looking at the zip codes with the most closings YTD.
Rancho Bernardo East is leading the pack with a total of 499 sales as of the end of June. Southeast Carlsbad and Rancho Bernardo West rounding out the top three spots of the hottest zip codes for San Diego Real Estate
The numbers for the hottest zip codes for San Diego Real Estate 2017 include both attached and detached properties.
Prefer video to reading? Then check out the YouTube version of this blog
Breaking down zip codes with most closings by property type
Many of the zip codes are priced below the current median prices for the county which is probably why they such popular areas.
For the next market snapshots, I left out any zip code that has not had at least 10 sales YTD. I felt that gave us a more accurate picture
Which zip codes have the shortest time on market before an offer is accepted?
Another marker of the hottest zip codes for San Diego Real Estate is how quickly homes sell.
Zip codes in blue are sales of condos and townhomes. Those in Black are single family detached homes.
Attached properties in South Vista (92081) are listed for only 9 days before being sold. Detached properties in the 92108 Zip code were the only ones to break into the top 10 of this category. However, Linda Vista (92111), Mira Mesa (92126), Penasquitos (92129) and 5 other zip codes have single family homes selling in less than 20 days on average.
What zip codes in San Diego Real Estate give you the best bargain?
Many of these areas are eligible for USDA 100% financing. Reach out to me or download the Fact Sheet to find out more about that program.
South San Diego also offers some good bargains with National City and San Ysidro breaking into the top 10
How about a good deal on a condo?
Most Expensive zip codes in San Diego Real Estate
Let me know if you have any questions or would like the hottest zip codes for San Diego Real Estate report emailed to you. Same thing goes if you have any questions about any real estate or mortgage related topic.
Reach out to me.
Send me an email
Give me a call – (858) 3-LOAN-SD
Text LOANINFO to 44222
Connect with me on Social Media.
Thanks for checking out this week’s The Mortgage Minute.
Please hit the like button if you enjoyed the Article.
Share it with your friends.
And of course, don’t forget to subscribe.