Our local home prices have been rapidly escalating over the last year. First, we ran out of NSDCC houses for sale under $1,000,000, and today there are only 6 for sale priced under $1,100,000!
What are the alternatives for those buyers who want to spend less?
- Buy a house further out.
- Buy a condo/townhouse.
- Get bigger gift from parents or grandparents.
- Keep playing the lottery!
Here’s an example of going just a tad further out. This house is located on the border of Carlsbad, and while it did have ten offers and got bid up $80,000 over list, it closed for $830,000:
Welcome to Temecula and El Cajon folks.
Welcome to Temecula and El Cajon folks.
They aren’t so bad.
For most, buying there is better than not buying.
I agree. Would rather live in Temecula than Phoenix and Dallas and sweating my balls off and not being able to go to the beach.
We lived in Phoenix, AZ for 19 years (1994 to 2013) and moved to San Diego in 2013. Bought a house in Escondido in 2017 (thanks Jim, Kayla and Donna) and loving every minute! If we get the itch to go to the beach, we can be there in just 26 mins! As many times as we want! Whenever we want!
And it actually cools down at night! Whereas in Phoenix, during the summer, it would “cool down” to 95 degrees! Nothing like waking up at 6am to drive to work in 95 degree heat! Do that for 19 years and it gets old, real quick!
LOL – been there!