I live in Del Cerro right now. Right off of Del Cerro Blvd. Its a great community, without the commute. It takes me 15-min max to get to downtown SD from my house.
I bought it a while back, pre 2000, but I know a couple of houses have sold for tripple since then. My neighbor bought his house in 1965 for around $45,000. He paid it off in 5-years. He is a simi retired lawyer.
After becoming more familiar with the area, it appears that the majority of owners are, Lawyers, Professors, CPA’s, Engineer’s, or retired and purchased their houses years ago. Even need to sell house, are far and few between.
There was a house on Meredith that just sold about two month ago for $650,000. I didn’t think it would sell but it did. Unreal.
One thig that I am finding is that there is a distinct division between Allied Gardens and Del Cerro. Although the houses were built during the same time period, there is a little more affluency in Del Cerro, off of Madra and Del Cerro Blvd. Those buying houses in this area have better than avg incomes. So if you can afford it, like the area, and have 20% down and don’t plan on moving, flipping and your job is recession proof, do it.
