As people hunker down in quarantine throughout the state, many must be asking themselves if they are in the right house for them – and if it isn’t, then where to move.
Thankfully, most of the densely-populated parts of coastal California are more expensive than in San Diego County, which makes for a natural progression.
For downsizers who want to live in the same size or larger home, they can come to San Diego and make out nicely! Or get a smaller home AND pocket big profits from their previous sale.
San Diego County real estate should fare well in the coming years – we enjoy a natural housing demand from baby boomers who are looking for a less-costly coastal experience.
It’s good for the ego too – who would criticize them for wanting to move here!
One of my old man friends sold his silicon valley 2000 square-foot 50-year-old home for 3 1/2 million last year. He bought a 4000 square-foot 10 year old Oceanview Home here for around 1.5 million. And he brought his $500,000 Real estate tax basis with him. Sounds like a win to this old man
Indeed! Great example, thanks.
That can be somewhat misleading. You should compare Beverly Hills, Newport Beach, Marin only to prices in La Jolla or Del Mar or all of North County Coastal, not to all of SD County. SD County is very large geographically and includes a lot of lower income areas in East County, South County, etc… Orange, Alameda, Santa Clara are better comparisons.
You can sell your house in Beverly Hills and settle into a very nice mobile in Lakeside.