Posts Tagged ‘San Diego County California’


Is it Time to Move-up and Buy a Larger Home?

Saturday, September 21st, 2013
Move-up buying, is it time to sell and buy a larger home?

Move-up buying, is it time to sell and buy a larger home?

Move-up Buying

Virtually dead during the recession, move-up buying has resurfaced again in San Diego County. Property owners have been emboldened by rising home prices to list their homes and re-enter the market themselves.  Rising home values have meant more borrowers have emerged from negative equity, giving them the chance to break even or make a profit when selling.

San Diego County sales in the $300,000 to $800,000 range, generally the move-up category, rose nearly 50 percent in July 2013 compared with a year ago, figures from real estate tracker DataQuick show. Sales in the entry-level market, below $300,000, fell 25 percent in July, compared with a year ago.

Remaining home inventory also provides clues of a more-vibrant move-up market. The number of homes on the market between $500,000 and $800,000 is at a four months’ supply, which is “very, very healthy” compared with a year ago, when it was six to eight months. Movement in the trade-up market because those sellers tend to pay more visits to home-improvement stores to get furnishings and appliances. (more…)

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