We’re happy to call San Diego home, and from the looks of it, locals aren’t looking to leave. Current housing trends show that fewer people are looking to sell their homes, and that’s making home prices move up.
In May 2023, Redfin reported the number of home listings had declined by 7.1% annually in the US — but that drop was much greater in America’s Finest City. That same month, San Diego’s listings were 34% lower than in May 2022.
Real estate experts believe rising mortgage rates have discouraged many homeowners from selling. As of July 13, 2023, a 30-year, fixed-rate mortgage was 6.96% according to FreddieMac, up from 5.51% on July 14, 2022. Yet home sale prices increased in San Diego — up 2% from March to April due to the low inventory on the market. However, prices are still down 5.6% compared to April 2022.
Despite this pattern, we can’t help but look and see what the market has to offer. Here are three hot homes we can’t stop dreaming about.
The outside views are just as dazzling as the interior.
Photo via FinePropertiesSD
This 3 BD 3 BA high-rise condo with rooftop amenities and a private balcony with views of San Diego Bay and the city skyline — priced at $3.5 million.
From the front, this 4 BD 4 BA Mission Hills home has a classic, formal appearance, but you’ll be able to unwind in its backyard pool and spa — priced at $4.25 million.
This 4 BD 2.5 BA Victorian home in Bankers Hill is one for the history books. It’s listed in the National Register of Historic Places and still has many of the features from its original 1889 build. This piece of San Diego history is listed for $6.5 million.
