Archive for July, 2010
The housing market has streaked up and plummeted down over an over since the recession really kicked in, but you wouldn’t really think much had happened from some of the prices in San Diego’s most expensive places to buy homes.
The residents in these area’s aren’t shy about their desire for the finer things in life and you shouldn’t be either if you’re in the market for a top of the line home.
With that in mind, let’s look at the Top Five Most Expensive Places to Buy A Home in San Diego.
With some of it’s homes qualifying for the FORBES “Most Expensive Homes In America” list, at $41 Million Dollars, you won’t be short of luxury or strange gates that take a scientist to work them.
RANCHO SANTA FE
In the 92067 zip, you’ll find some of the hottest and most expensive homes in San Diego. There’s no lack of architect artistry in this area and no expensive is spared to get them there. Just check out some of the images available on web searches and you can see the beautiful views that might be available to you from a Rancho Santa Fe home.
With a housing marketing that hasn’t gone up or down in the recent recession, you can be assure that your expensive taste and desire for quality won’t be left wanting. Del Mar is the image of Stability-meets-Luxury that will never leave you with buyers remorse.
Sunny San Diego has much to offer in the luxury and style housed in beautiful and expensive homes. With a poll and view, you’re sure to find yourself relaxing in luxury in a Santa Barbra home.
One of the only area’s in the world that is able to beat out the prices of homes in Hollywood itself, Santa Monica offers some of the ritziest homes that seem to be designed from dreams and movies. Selecting a home in sunny Santa Monica also leaves you with plenty of entertainment options with the same luxurious taste in mind.
In years past, Miami has been known as hot real estate market. It seems to be viewed as a resort location. This is especially for many South Americans and some retirees as well. It is here that many set up shop or businesses that have a more continental feel. However people from all over visit and often times purchase housing, albeit for many, it’s a second home. That is why the condominium real estate market has always been very important. Many real estate investors have also always been attracted to properties in Miami. In years past you could always make a return on your real estate investment in the area, as long as you held the property for at least five years. So how has the second quarter found the real estate market in Miami?
Initially the Miami real estate market was very hard hit by the decline in the housing market. However the first quarter saw a bit of a pick up in sales, especially in the month of April. It was then that the sales in condominiums really helped to boost the real estate market. There was a thirty one percent increase in sales over this time last year. April was also very significant in that the listing price and sales price were very close in comparison. Of the close to 900 homes that were sold that month, most sellers got around 90% of the list price for their property. This signifies to many in the real estate market a rebound. The median sales price in Miami is still rather low for a city of it’s size a popularity. The median home price in the second quarter was a bit under $300k. Even with this increase in sales for the second quarter, sales are still down in comparison to years past.
However in May of the second quarter, a little over seven hundred homes were sold in Miami. These were not all condominiums in fact the quarter showed an increase in the space or square footage of the homes sold for that month by 11%. The fact that less and less homes were being put on the market and many of the sales being of single family homes, indicate a stabilization may be in the works. The Miami realtors are watching closely and a qualified agent can help you make your purchase in this often south out area.