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A million dollars just isn't what it used to be when it comes to real estate in San Diego ca. As proof, in the entire State of California a total of 33.107 homes were sold for a million dollars or more, this number representing 5.0 percent of all California home purchase in 2004. Because of appreciation, low interest rates, and San Diego's Draw as a retirement community, more homes are in the million-dollar category than was the case earlier. With San Diego Counties amazing price appreciation, the incredible climate, and the constraints on the real estate in San Diego ca development... it is this real estate in San Diego ca professionals' opinion that San Diego County will soon have many zip codes with nothing but $1,000,000+ home sales. You can say that the real estate in San Diego ca climate has been experiencing resurgence in the recent years as evidenced by the various opportunities that investors can take advantage of in San Diego. If you are thinking of investing in real estate in San Diego ca, it would be helpful to take a look at the statistics that are indicative of the performance of the real estates in San Diego ca - this information can be very helpful in making your investment decisions. In San Diego Count, Million-dollar home sales accounted for 6.5% of the total Attached and Detached San Diego Real Estate Sales. Real estate experts in San Diego ca report that statewide, there were 221 sales for more than $5 million in 2004, 237 sales were in the $4-$5 million range, 690 in the $3 million range, 2,894 sales in the $2 million range, and the rest between $1 million and $2 million. Even more, real estate specialists in San Diego ca say that in 2004 San Diego County luxury home sales (homes over $1.000.000) hit an incredible 2774 total units, an increase of almost 170% over total sales in 2003. In fact, in 2005 San Diego County MLS shows that there had been 2130 homes Sold in San Diego County for over $1,000,000 with an additional 607 that are currently in escrow! Looks like another record year. According to a leading real estate agency in San Diego ca, Data Quick, around 15 percent of the buyers paid cash, up from 12 percent in 2003. Of those who financed their purchase, the median down payment was 25 percent of the purchase price. Lending institutions most willing to provide mortgage financing were Washington Mutual, Countrywide Home Loans and Wells Fargo. The numbers above represent sales that could be determined from public records where there was a buyer, a seller and a money transaction and everything was made in accordance with the law. Also, real estate experts in San Diego ca say that this numbers include home sales to companies and sales to trusts. Not included in this percentage were property swaps, sales of multiple lots, teardowns and large farm or ranch properties. Real estate experts in San Diego ca estimate that in 2006 that the average price of homes will further increase by 5 to 10 percent and sales will remain stable. Given the bright prospects that the real estate in San Diego ca climate has in the near future, it can be beneficial for investors to explore opportunities in the county. They can do so by getting the right information as to the performance and trends of the real estate market in San Diego ca. Other information can also be obtained from other sources such as newsletters from realty associations as to their assessment of the market in San Diego.
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