Understanding property appreciation in San Diego

Home values are forever in flux. Almost always, property values appreciate in the long term. But, in real estate there is always a certain amount of risk.

When your home appreciates you have a greater asset to borrow against, and you get a bigger profit when you sell. There are different reasons why property values in San Diego change. So, how will you be sure what you're buying now will appreciate over time? It's critical that you pick a real estate agent in San Diego who understands the factors that drive local prices.

What is the most influential factor affecting real estate appreciation? Many are convinced that it's the economy. It goes without saying that there are a lot of factors on a national level that alter your property's value: unemployment, interest rates, quarterly earnings reports, and more. But the most influential things that determine your home's value depend on the local San Diego economy and residential market.

Let American Dream Corporation dba ADC Realty help you with your first home purchase in San Diego Access to services - Many of us decide to live in regions with the most convenient traits for homes to grow, like a close proximity to schools, jobs, and work. So those regions usually appreciate, or keep their value, best.

Recent sales - Your agent should give you information on the recent home sales in the regions that you'd like to live in. You'll want to know average time on market, selling versus listing price and more.

History of appreciation - In the past 5 to 10 years, have house prices risen or declined? Does location or affordability affect how desirable the neighborhood is believed to be?

Local economy - Is there a good combination of business in an area, or does it count on just one industry? Have businesses moved into or away from an area? Are local businesses hiring? These items play a part.

It's wise to learn about the factors that affect your house's value. Get an evaluation of your house's value here. Please call me at (858) 292-7170 or e-mail me with any questions.

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American Dream Corporation dba ADC Realty

CABRE Lic. #01411740

4660 La Jolla Village Drive Ste. 100
San Diego, CA 92122-1251