San Diego Real Estate: Market Trends and Forecast

San Diego, home to 1.4 million residents, is the second largest city in California. The city has been experiencing steady growth in its commercial real estate market for many years. This trend is expected to continue until 2030. As new companies and industries continue to move into San Diego, there will be an increase in demand for office space and industrial properties.

San Diego real estate is a hot market. Many investors are buying homes and flipping them for profit, while others are looking to purchase homes to live in. With the average home price at $518,000, buying property in San Diego can be expensive. But with the right strategy and buying power, you can find some excellent deals on San Coronado real estate or other neighborhoods in this city.

Economic Highlights

  • San Diego County unemployment rate: 5.8% (2018)
  • San Diego County median household income: $71,125 (2017)
  • San Diego County home prices: $485,000 (2018)
  • San Diego County home sales: 10,713 units sold in 2018

Demographic Trends

The population of San Diego County grew by 2.5 percent during the past year, reaching 3.3 million in 2016. The county’s population density is 2,086 people per square mile, compared to 1,572 people per square mile for California as a whole.

San Diego County has one of the highest median ages (42) among major metropolitan areas in the U.S., while its median household income ($63,000) also ranks high compared with other cities around the country.

Housing Market Forecast

The San Diego housing market is expected to grow in value, but at a slower rate than other markets in Southern California. The average price of single-family homes is expected to increase by about 5% during 2019 and 2020, while the median home price will rise by 3% over that period.

  • In 2019: The median price of existing single-family homes sold in San Diego was $593,000;
  • In 2020: The median price of existing single-family homes sold in San Diego was $609,000

The San Diego real estate market is expected to grow in value.

The San Diego real estate market is expected to grow in value. The San Diego real estate forecast, trends, and report are available on San Diego real estate forecast by Airdeed Homes.

The average home price has been increasing steadily over time and is expected to continue doing so throughout 2019. This upward trend is driven by a strong economy and low unemployment rates, which means more people can afford homes here than ever before.

Commercial real estate opportunities

San Diego is the second largest city in California and home to more than 1.4 million residents. It is also home to over 20 universities and colleges, including San Diego State University (SDSU), the University of San Diego (USD), the National University, and the California Western School of Law.

San Diego’s economy has been growing steadily since 2010 with unemployment rates at an all-time low of 3.7%. In addition to being home to some of America’s most prestigious companies like Qualcomm Incorporated or Illumina Inc.

Strong local economy, international investment, and new job creation

San Diego’s commercial real estate market is thriving thanks to a strong local economy, international investment, and new job creation.

Strong infrastructure, high quality of life, good weather, and proximity to the Pacific Ocean are just some factors that have helped make San Diego one of the best cities in America for business. San Diego County has been ranked by Forbes as one of America’s fastest-growing economies for five straight years and was recently named #1 on its list of “Best Places For Businesses And Careers” (2019).