Where are the great residential real estate deals in San Diego?

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Where are the hot residential real estate deals in San Diego?  Well, take a look.  The attached composite image comes from http://www.FinestExpert.com where I did a search for:

  • Price discount of at least 25%.
  • Cash on Cash Return of at least 8%
    (For the renters and potential first-time homebuyers, this means that the landlord will be make money on these properties based on your rent.  They are such great deals that it is much cheaper to own than to rent.)
  • Normal and REO sales only.
    (All the false readings that come out of certain sites that also show NODs and NTSs have been eliminated.  The pushpins shown here are only for true, available properties.)

Looking at the image, you can see the major concentration of good deals.  And conspicuous by their absence, there are not such hot deals along the coast

Up along the SR-78 Corridor, especially at the east end in Escondido is where you will find great residential real estate deals.

There are a very few good deals along I-15 until we get South (or East) SR-52.  Then we see how there are many great real estate deals all the way down through Chula Vista.

The void of good real estate deals through most of North County Coastal San Diego, the SR-56 corridor, and Rancho Santa Fe, Rancho Bernardo, Poway and Scripps Ranch show that these are the stronger real estate markets in town.  Some of these areas are actually sellers markets in terms of inventory.

Oh, by the way, http://www.FinestExpert.com automatically rates every property for sale with its FE-Score.  The deals show as the red-hot pushpins and the lesser deals color code down to a cool-blue.  Local rental and vacancy rates are even taken to account.

Where are the great real estate deals in San Diego
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Anonymous

Quite interesting and revealing. I think I'm familiar with all the "great bargains" in Chula Vista. I need to move down there so I can save on gas going to and from all my inspections down there -- LOL.

Aug 19, 2009 02:04 AM #1
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Rainmaker
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Robert T. Boyer

San Diego Real Estate & Mortgage Loans, Ph.D. | VA Home Loan
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