2024 San Diego Real Estate Market - BUY NOW or WAIT?!

[@lifeinsandiego]

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[@moomoo5198]

doesn't matter if rate is going down. the sellers are too greedy in general.

[@WTP_1776]

FACTS. these people are delusional

[@edwardc5669]

I competed with 15 to 20 buyers on each houses. That is the reason my high offers still not high enough per seller agents.

[@lifeinsandiego]

That sounds about right! Varies per area/neighborhood, but seeing 8+ offers on a home has been the norm for a while now.

[@sunnienie239]

HOW ANYONE AFFORD TO HOME IN SAN DIEGO NOW A DAY

[@edwardc5669]

In general, you are right. Spring time is the most competitive period in buying house. But I do not think this winter (Feb 2024) is a good time for the buyer. I made an offer three times in eight days. My offer were declined even though I offer $100,000 more than listing price. So, Is this Winter special?

[@lifeinsandiego]

Winter being competitive is hit or miss. But wait til Spring and it will be even busier with offers

[@yomoseo]

Weather! I was genuinely hoping for a gloomy day to scare off buyers of a house I’m looking at

[@lifeinsandiego]

Sadly even the rain doesn’t scare many people off!

[@MzJones-wo4oj]

@@lifeinsandiegothat’s the chance to check for leaks or drainage problems

[@aronrodrigues]

You just can Refi if the price of the house raise… If it drops you will be stuck with the high rate for ever!!!

[@aronrodrigues]

Also on a 800k house property tax alone will be 10k/year. Which is 10% of the average household income in so call

[@aronrodrigues]

For that reason I decided to buy rentals in AL. With just the down payment for a house in San Diego I bought 10, yes 10 houses in AL which is enough to cover my rent here with some slack…

[@lifeinsandiego]

A little confused by that, but I think I get what your saying! If you buy at the higher rate with less competition you can refi when rates tinker down - then when rates drop down you'll have to pay a higher price for the home since there is more competition.

[@codyb8776]

San Diego is way overheated. If you aren’t in the market can’t get in. Shitty trailer park houses listed for 400-500k 😂 Correction is inevitable

[@SabrinaDacosta]

How about homes in the ghetto where it’s dangerous and known gangster area. Those houses are going for 800-900k and some are even a million, in the ghetto!!!

[@moomoo5198]

best time? you gotta be joking me. seller agents are going nuts with over inflated price, the rate is going up.

[@lifeinsandiego]

10 years ago was the best time to buy - chances are we’ll be saying the same thing in 10 years from now