San Diego County housing is considered undervalued according to national economists.It is the fourth consecutive quarter that San Diego housing prices were below what is considered to be the normal price. Rancho Bernardo home sales demand has increased and inventory is decreasing in many price ranges. We are receiving multiple offers on short sales, foreclosures and typical “normal” sales that are priced right The median price for a single-family home was $327,300 in the first quarter. Based on hisotoric trends for household income, affordability and appreciation, the “normal” value should have been $415,300. 
 
This information shows that it is a great time to buy real estate in Rancho Bernardo and all of San Diego County!

This entry was posted on Tuesday, June 9th, 2009 at 12:43 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.