Finding affordable homes can be a challenge for many first-time home buyers –especially when they are competing with investors in the San Diego real estate market.
Almost one-third of San Diego’s homes sales are being made to investors and second-home buyers–with the majority of those sales clustered in the sub-$300,000 price range. San Diego investor activity has mushroomed–just as inventory of homes for sale in the county has shrunk by 55% in the last two years. But that doesn’t mean we aren’t finding homes for our first-time home buyers.
The most affordable communities for budget-constrained first time homebuyers would include Fallbrook, Ocean Beach and Jamul, but less expensive homes (under $350,000) can be found in Oceanside, San Marcos, Vista, Escondido, and other more inland San Diego neighborhoods.
Listed below are some quick links for first time home buyers seeking homes in San Diego (with at least two bedrooms and baths) in the sub-$350,000 price range (priced from high to low):
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You may also fine the following articles to be of help as a first-time San Diego home buyer:
How to Successfully Negotiate a Short Sale or REO
The San Diego Real Estate Market is Red HOT
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