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Benjamin Altman Real EstateWelcome to 877Homes.com and San Diego, America's Finest City. Located in Southern California along the Pacific Ocean, San Diego is a perfect place to live; less than a two hour drive from Los Angeles and a five hour drive from Las Vegas. There is a wide range of luxury homes available from penthouses to waterfront homes to gated estates; many priced over a million dollars.

San Diego offers a wide variety of activities including scuba diving, sky diving, yacht racing, polo, world class dining, miles of beaches, the world famous San Diego Zoo and Safari Park, Sea World, Legoland and Balboa Park.

San Diego County has become a biotechnical center with high paying jobs in science, medicine and engineering. Many high tech firms operate in the area including Qualcomm, Sony and General Atomics.

If you are not a United States citizen, there is no difference between those that are a United States citizen and those that are not when purchasing property in California. However, those that are not United States citizens will need a valid Visa and proof of residence for their country of origin to get a loan and to enter the United States legally. See the October 2009 Monthly Blog for more information on fast track permanent US Visas.

This website is ideal for people looking to buy and invest in luxury homes and estates in San Diego County. If you are familiar with San Diego, then go ahead and get started by clicking Search for San Diego Homes. If, on the other hand, you want to learn more about the communities of San Diego, La Jolla, Rancho Santa Fe, Solana Beach, Del Mar, and Coronado, this site provides information on the luxury real estate areas in the county (San Diego Neighborhoods), schools, area activities, and the climate. If you still want more information or if you just have questions, then please do not hesitate to contact us.

Real Estate News

6/24/13

In April, I compared the first three months of 2012 and 2013. To recap, the number of homes sold increased by 7%, prices increased by 16%, and cash/investor purchases increased by 13%. However, first time buyers decreased by 15%.

There are currently large investment firms buying residential property not only in the open market, but also on the courthouse steps and directly from banks, which are not in my calculations above. This is obviously not good for buyers, but is it good for the economy?

Since I like looking at numbers to see patterns, I pulled up some numbers from different zip codes for the month of May. I looked at the number of homes actively being sold, homes in escrow, and the sold price per square foot. I found it interesting that some zip codes have more homes in escrow than are actively being sold, and these tend to be in areas with lower cost per square foot. These are also the areas that the investors are buying in. Higher priced areas like La Jolla and Del Mar tend not to have a lot of investor activity.

For more details on how the market is in certain zip codes click on the Monthly Blog tab.

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