Investment and second home sales surge in 2011.

This comes as no surprise in the San Diego market place.  For the past several months cash sales have taken a 49% market share. Total surge in investor purchases in 2011 has reached 64.5%. With low inventory of traditional sales investors are seeing a golden opportunity in purchasing “Cash Only” properties and “Auctions Properties” , fixing them up and turning around selling for a profit.

Second home buyers are finding San Diego to be a “perfect” place to come visit and or retire.  In 2011 vacation home purchases took 11% of the market share.  42% paid cash for their vacation home.

With these trends it is hard to argue that San Diego has reached the bottom of the market and that recovery is on its way.

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About SanDiegoatHomeTeam
Christian van't Vlie and Ivana Milosevic. Helping sellers and buyers successfully reach their real estate goals while keeping them informed every step of the way, disclosing all known facts and real estate practice procedures so that all involved parties can make well-informed decision. We care and we are at your service.

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