San Diego Real Estate Trends

San Diego is seen as one of the hottest real estate markets in the United States. Recent trends in the San Diego real estate market may be a sign of nationwide trends. Last year it was almost impossible to find a new San Diego real estate development that co-opting with real estate brokers. Any developers who were were way below the traditional 3% co-opting rate.

Recently, the San Diego real estate market has shown some big changes. New incentives are being offered to homebuyers in the San Diego area. Some of these incentives include free plasma screen televisions, reduced closing costs, design center upgrades, one to two years of HOA fees paid, reduced closing costs, washer, dryer and refrigerator included, cash price reductions, gift certificates and 4% broker co-op rates.

There are no longer long buyer lines, homes selling within days of being listed, multiple offers and offers above the asking price in the San Diego real estate market. Due to the huge home appreciation seen in the San Diego real estate market in recent years, the stage is being set for what is sure to be a huge depreciation in the San Diego market.

Because real estate trends seem to start west and than move east, any American real estate market that experienced huge appreciation in home prices in the past five years, will experience the same depreciation in real estate residential values as the San Diego real estate market.


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