San Diego Housing Market News and Analysis
Does anyone follow Mission/Fashion Valley condo sales?
User Forum Topic
Submitted by citydweller on January 8, 2012 - 6:33pm
I have a friend back east that is planning to relocate back to San Diego in the next year or two. She wants to buy a condo that is walking distance to Fashion Valley. She has considered buying a condo now and renting it out until she moves here.
I've been telling her that prices are unlikely to be going up in the next 2 years, and that she would be better off waiting and not having to deal with being a long distance landlord.
Today though I was looking on SDLookup and noticed that inventory in 92108 has gone from 150 in August down to 102 as of today. So now I'm worried that I may have steered her wrong.
Is anyone familiar with this market? I'm wondering if this is normal seasonal fluctuation in inventory. Some of the prices look like they would at least break even as rentals, so I'm wondering if anyone feels it would be wise for her to buy now?
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