Has San Diego housing market started becoming crazy again? How is this happening when the interest rates are so crazy! #housing #sandiego #mortgage
Even then how is 200k above list a reality in this market conditions
List price has no true correlation to sell price or actual value of property.
Those are really nice houses, in very affluent neighborhoods. Don't see an issue.
Outside investors purchasing/boomers retiring and moving to their dream areas and paying cash—no immediate surprise here.
Plenty of people have a lot of money.
cash buyers
If you want to feel better, just look at Toronto or Vancuover real estate market and salaries people get there. If will make you feel good. The 1.8M home will look like a very good deal.
Not really. Can't compare the craziness in bay area. The prop taxes in canada are lower. There is no dependency of the house price on school systems as most public schools are great. There is no capital gains on primary residence sale. It's a much Stable-r market with the population of these areas set to double in next 5 and triple in next 15 years. I could go on.
Although I feel bad that San Diego also has joined the crazy party.
Why are the houses in one of the nicest neighborhoods in the most desirable place to live in the US so expensive reee!! 😡
200k above list is a 🥜
Realtors in San Diego put the house for a low listing price so the buyers have a bidding war. List price is merely a mild suggestion
Premium housing is not strongly affected by rate hikes
Probably foreign money paying in cash