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Real Estate Guide 2008
Buying in
It's a buyers market but should you -- could you -- jump in or wait a little longer?
What $400K will buy
Select a city:

  San Diego
  Price
$399,900
 
  Overview  
 
This 10-year-old home in a gated golf/swim/tennis community in the San Diego suburb of Chula Vista sports “a very open layout,” says Ellen Alvord, Realtor with Chris Love Coastal Properties. The living area features a fireplace and wood floors which opens into the dining area overlooking the patio, and a backyard with trees and a wrought-iron fence. The dining area also flows into a kitchen with tile countertops, breakfast bar and ceramic floors. The master suite has a walk-in closet while the bathroom has a double vanity and separate tub and shower.
 
  Amenities
 
 
  • 3 bedrooms/2½ baths
  • 1,607 square foot
  • Features: wood floors throughout first level, built-in bookshelves and computer desk in upstairs hallway and two-car garage. Monthly fees of $170 cover water, sewer, golf/swim/tennis membership, access to clubhouse, rec room and barbecue/picnic area, and maintenance of front yard and common areas.
  • Listed by: Chris Love Coastal Properties
     
    Price trend
    Prices down, selection up in some segments and areas. While $400,000 will give buyers a wide array of choices in the condo and townhouse market, there are far fewer choices for single family homes in San Diego, says Lori Staehling, president of the San Diego Association of Realtors. “That’s the very low-end, still, for the area.” Median single-family home prices in the San Diego/Carlsbad/San Marcos area dropped 12.1 percent in 2007. In the fourth quarter of 2007, the median single-family home price was $522,900. Condo prices decreased 10.6 percent during 2007, and the median fourth quarter 2007 price was $327,000.
    -- Posted: April 14, 2008





     
     
     
     
     
     
     
     
    Mortgages
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    NATIONAL OVERNIGHT AVERAGES
    30 yr fixed mtg 3.93%
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    5/1 ARM 3.27%
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