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: