In follow-up to my recent post on housing affordability in Carlsbad and nearby communities, and since I often get asked, I though I'd pass along some information on some terrific buys for buyers.
With escalating prices in recent years it has been near impossible in our area to find anything under $100K or even higher (except for manufactured and mobile housing which is typically in seniors communities).
That has now changed, and folks who ask "can I buy something for under $100,000?" will get a resounding YES rather than "are you kidding?"
Granted, these are not view homes near the coast, and many communities (Carlsbad, Encinitas, Cardiff, etc.) simply have nothing near to this price, but knowing that there are options for buyers in this price range is encouraging. These could be good rental properties in some cases too, or great buys for a family who has a kid in college.
Looking in the North County San Diego area I found 102 condos for under $100,000 (with 20 of these under $75,000). Not surprisingly 58 of these are short sales and a good number of them are bank owned properties.
|
COMMUNITY |
# of Homes |
# of Bedrooms |
Square Footage |
|
Escondido
|
57 |
1 - 3 bedrooms |
585 SF to 1330 SF |
|
Oceanside
|
31 |
1 - 3 bedrooms |
573 SF to 1280 SF |
|
Sam Marcos
|
6 |
All 1 bedroom |
All 651 SF |
|
Vista
|
8 |
1 and 2 bedroom |
877 SF to 1172 SF |
Some of these are in fine shape and ready to move into, while others need some work (I've seen about a dozen).
Given that the average sold price of an attached home in San Diego County is about $244,000 YTD per the MLS ( and likely higher in the North County communities), finding a home for under $100,000 represents pretty good deal.
You can search for YOUR condo under $100,000 using the link below, or let me know and I can customize a list of available properties for you based on your price range and location.
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If I can provide more information about North County San Diego including Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
Serving Carlsbad (including Aviara, La Costa & Carlsbad Village), Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Carmel Valley, Escondido, and San Diego
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Jeff Dowler...you are one smart guy, (but I always knew that)! What a great idea showcasing the affordability factor for No.San Diego Co.
Just read myself the other day that we now have a 59% affordability factor in CA. I've never seen it higher, ever in 38 years!
Hi Jeff! Now those ARE some red HOT deals! So nice to see that common folk can get into housing in North San Diego County affordably!
Lynda - why thank you. But it makes sense to me to spread the word that housing CAN be reasonably affordable, even in our high-priced area.
Debe - agreed. I was actually surprised at how many homes there were. And a bunch just went into escrow in teh last few days.
Jeff
Jeff, I never imagined that there was anything for sale in San Diego for such an affordable price. Talk about Hot Deals...
Wow! Those are incredible prices for that kind of square footage. Around here, the only "condos" under $100,000 are really "Condotels". You know... the old hotel rooms that were converted to condos... Condotels.
Hi Jeff, I have ben running into those numbers and am really amazed. Affordability seems to have returned to SD and I hope many more Buyers will take advantage of this great opportunity.
Hi Jeff! - You sure are smokin' with great deals right now under $100,000. Before I commented I had to check my stats for condos in New Haven County and found out there are 176 on the market. Thanks to your post, I may just do one for my local area as well! :)
"Affordability" is hot news for sure. I see more and more home categories and areas in qualifying range of "average" home buyers in my area.
Jeff I am surprised you have property under a 100k. I would never have guessed that for where you are located.
Jeff - Great news for first time buyers who didn't think they could ever own their own place! Also good news for those who are looking for a second home in San Diego. There are a lot of snowbirds who would sure love to winter in San Diego - home of the most ambient climate in the country!
Marlene
Jeff after reading about some of the prices out there, I did not think that you could even purchase a doll house for under 100K, much less 102 Condo Units on the market for under that price.
Hi Jeff, can you call me re: buying a condo for under $100K?