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Downtown San Diego Real Estate Makes a Great Investment

By Mike in April 2012|Downtown San Diego Real Estate|Downtown San Diego Real Estate Market Analysis with 0 Comments

Downtown San Diego Real Estate Makes a Great InvestmentDowntown San Diego has some of the most scenic and beautiful views in all of Southern California while still having a bustling urban atmosphere with sunshine for most of the year. Investors wanting to change to a warmer climate would be hard pressed to purchase a better investment than Downtown San Diego Real Estate, and according to a 2011 survey, many people are doing just that.

According to the article “Investors, vacation dwellers stimulate home buying activity” on HousingWire.com, a study by the National Association of Realtors was done in 2011 regarding the buying and selling of investment and vacation homes. Due to low housing prices, low interest rates, and an unusually high amount of short sales, closed transactions on investment properties peaked last year. Investment properties sold last year showed the highest amount of sales since 2005, growing by 64.5% from 2010. Investment and vacation home sales are also making up more of the total amount of sales being done. Vacation homes are up to 11% of all sales compared to 10% in 2010 while investment sales are up 27% as opposed to 17% in 2010. For the investor looking at Downtown San Diego Real Estate, whether it is a Downtown San Diego Condo or Downtown San Diego Loft, these figures should be very encouraging. With rents on the rise and the tourist season on the horizon, now may be the perfect time to invest in Downtown San Diego properties. ')}