Sellers are often coming down on prices to facilitate those sales. In fact, the average sale price of a home is nearly $45,000 less than the average home value. The disparity is nothing to scoff at, and many sellers feel the loss of potential profits significantly. Outside of the affluent neighborhoods, things are a little bit different.
Those properties aren’t selling as well, particularly if they aren’t in perfect condition. With so many renovated and modernized properties for sale in San Diego, buyers are more likely to consider those first. Sellers who don’t have perfect, charming homes at a great price are unlikely to have much luck finding a traditional buyer in San Diego.