SDowner, I’m not a “SR specialist” but am assuming you’re looking at resale homes.
I don’t see ANY neighborhoods in SD County going down in value in the coming years. Not even the ones within the severely-strapped and nearly bankrupt (if tax proceeds don’t get a lot higher VERY soon) PUSD.
H@ll, even the “Santee sold-comp study” I finished yesterday (in the under $350K properties) came out higher than $250 per sf!
In resale properties, improvements past owners completed run the gamut from cheesy to very high-end. There are so many variables determining what the ppsf would be in any given ‘hood or even single property, given that there are many room additions, second stories and pools installed in resale neighborhoods more than ten years old. In addition, SR has dozens of “2007 Cedar fire” rebuilds. Many of those rebuilds are custom and NOTHING like the tract home they replaced.
IMHO, it seems you are “overthinking” your purchase too much. You shouldn’t be “fixated” on ppsf. Just find a resale that works for you and make an offer!
