The year-round warm breeze and sandy beaches paired with the relaxed attitude of San Diego, California are just a couple of reasons people are drawn to this beloved Golden State city. Many people visit San Diego annually, but the lucky ones are those who call it home.
With a thriving brewery and restaurant scene, space to explore the great outdoors, and close proximity to California’s favorite beaches, it is no wonder the real estate market is booming as more people choose to live in San Diego. Don’t drop the ball on your chance to follow in their footsteps as you too, can have the beach become your backyard, just in time for summer. It’s a promising time for employment and housing in San Diego, not to mention the seasonal attractions on the horizon, so all signs point to settling down this season. Here are six of the many reasons to purchase property in San Diego this spring.
High Employment Ratings
After the 2008 recession, San Diego managed to bounce back and now has nearly 1.5 million employed residents. This high employment number exceeds that of several other California cities, meaning financial stability for current San Diego residents and a favorable outlook for potential new employees within the county.
The financial state throughout also bodes well for the housing market. With a financial climb for most San Diego residents comes the ability to keep up with the housing market, and make San Diego a permanent home.
Prime Time for Real Estate
There’s never been a better time to purchase property in San Diego. As home values continue to rise, now is the sweet spot for potential buyers looking in the area. With all that San Diego offers its residents, the demand for housing remains high, but home buyers should seize the opportunity while prices are at a plateau.
There has also been a rise in home-owner turnover, which is actually a good thing. Residents are able to afford to move as a result of an employment come back, and as they are moving, the volume of home sales is increasing.
Healthy Living is a Priority
In 2017, San Diego ranked as one of the top 25 happiest cities in the nation. There was no coincidence that city residents were happy as a result of the healthy lifestyles they were living. San Diego breeds health nuts with its abundance of fresh, delicious produce available at local farmers markets and restaurants.
Despite being a large city, there are also countless ways to be active outside. If hitting the trails and meal prepping afterwards sounds like your ideal weekend agenda, then you will thrive in San Diego. The warm weather may be year-round, but you will certainly want to enjoy it as spring and summer sunshine begins.
Knowledge is Power
San Diego school systems are providing an education that is second to none for the youth of America. Throughout the county, students rank high when it comes to testing and overall experience. Teachers care and invest in their students, and in turn the students are receiving an education that will set them up for success in the future.
With San Diego being a financially stable area, the schools are also able to provide a phenomenal array of extracurricular experiences for students and state of the art facilities. Whether you are looking for public or private education, your children will be in good hands and receive the highest quality of schooling.
Lower Cost of Living than Los Angeles and San Francisco
If you are looking to settle down in California but can’t quite decide on a city, Los Angeles might be at the top of your list. While Los Angeles embodies the California vision, the cost of living there can be higher than other staple cities, like San Diego. Housing prices in San Diego, both for renting and buying, are lower than prices for the equivalent in Los Angeles. From year to year, the housing costs in San Diego have also seen a lower increase at 7.4 percent, compared to the nine percent increase that has happened in San Francisco.
Construction Opportunities Increasing
In addition to the current housing options that San Diego boasts, construction on new properties is expected to pick up within the coming years. Multi-family units have been popping up more frequently than single-family homes, but the overall growth is promising for incoming residents. The increase in younger generations that are more apt to rent rather than buy has fueled the demand for multi-family buildings. This isn’t to say that single-family units are a thing of the past, though, as construction is still climbing and is expected to peak in 2020.
San Diego will always be a hot commodity, but now is the time to purchase property and place roots while the city is experiencing a positive comeback.Year-round gorgeous weather, the perfect setting for the likes of any family, and the financial and housing stability make San Diego hard to resist. Still need convincing? Contact us today to find what makes San Diego your city as you begin your property search.
By Abigail Golder
1. potential buyers: http://www.scofieldrealtyinc.com/buy/
2. top 25: https://www.nbcsandiego.com/news/local/National-Geographic-US-Happiest-Cities-Today-Show-San-Diego-Carlsbad-451477743.html
3. school systems: https://www.niche.com/k12/search/best-school-districts/m/san-diego-metro-area
4. lower increase: http://www.sandiegouniontribune.com/business/real-estate/sd-fi-corelogic-2018-start-20180227-story.html
5. seasonal Attractions: https://www.groupon.com/local/san-diego/things-to-do