Forbes: San Diego Home Prices Set to Go Up

This bit from the latest issue of Forbes Magazine:

"San Diego's present conditions suggest that over the next half-year, prices may start to rise. That's because "there's usually a three- to six-month lag between when transactions go up and prices go up," says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm.

Another good sign for the coming year? Increased credit availability."

Click here for a link to the entire article.

Can it be true? Well, in the last week, we've made represented buyers making offers on 3 well-priced properties in Point Loma, Ocean Beach, and Rancho Penasquitos. These properties were *not* short-sales and were priced at current market conditions.

One property had NINE offers on it in 3 days, several over the asking price.
The second property had 3 offers within the value range in 4 days.
The third property? Had 4 offers in as many days, one over the asking price.

We weren't seeing this a couple of months ago! Our word to buyers: if you see a well-priced property that you're interested in, don't hestitate! The good ones are going fast.