San Diego Discount Realtor

San Diego Real estate

San Diego home prices peaked in 2005, then declined as part of a nationwide trend. As of December 2010, home prices were 60 percent higher than in 2000, but down 36 percent from the peak in 2005. The median home price declined by more than $200,000 between 2005 and 2010, and sales dropped by 50 percent.Prior to 2006, San Diego experienced a dramatic growth of real estate prices, to the extent that the situation was sometimes described as a "housing affordability crisis". Median single family home prices more than tripled between 1998 and 2007. According to the California Association of Realtors, in May 2007 a median house in San Diego cost $612,370.Growth of real estate prices was not accompanied by comparable growth of household incomes: the Housing Affordability Index (percentage of households that can afford to buy a median-priced house) fell below 20 percent in the early 2000s. The San Diego metropolitan area had one of the worst median multiples (ratio of median house price to median household income) of all metropolitan areas in the United States, a situation sometimes referred to as a Sunshine tax. As a consequence, San Diego has experienced negative net migration since 2004. A significant number of people moved to adjacent Riverside County, commuting daily from Temecula and Murrieta to jobs in San Diego. Many of San Diego's home buyers tend to buy homes within the more affordable neighborhoods, while others are leaving the state altogether and moving to more affordable regions of the country.

more can be seen here, http://en.wikipedia.org/wiki/San_Diego

Learn more about the real estate market by working with a real estate agent. A discount Realtor in San Diego can not only assist you in buying or selling a home, but can also offer this service at a discounted commission.