San Diego condos

Monday, January 11, 2010 , Posted by Johnny Fuery at 2:02 AM

Originally Published 2005-08-29 07:46:43

The major news sources I monitor reported a slowdown in the San Diego condo market last week. Based on what I saw last week when I was there, it looks true.

I was searching within approximately a 4 square mile area, and there were almost 40 available properties that turned up in that area within my price range. There were quite a few that had been on the market for well over 30 days -- even a handful that were listed for more than 60 and had underwent at least one price drop.

I ended up making somewhat agressive offers on two units. One was accepted within 24 hours.

Time will tell if it turns out to be a good investment. I think it will be fine, but the softness in the market may mean the real estate boom is shortly coming to an end.

I wonder where the next boom/bubble/bust will occur...?

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