Many Downtown San Diego Real Estate home buyers are trying to buy their small piece of Downtown San Diego before prices continue to rise as we are expected to see slightly higher home prices on the horizon. According to DS News and their article “Survey: Rising Prices Motivate Buyers to Purchase Now” 71 percent of home buyers believe that prices will go up in the next year. This is an increase of 10 percent compared to the third quarter of 2012 and an overall increase of 34 percent from the first quarter.
Even though we are experiencing a shortage of Downtown San Diego Condos on the market many are buying now, and according to the article mentioned above, 38 percent wants to wait for more inventories to come along.
Its always tricky to say what the best way would be…would it be better to buy now when prices are low or would it be better to wait for the increase of inventory but risking having to pay more?
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