Where Can I Find Homes For Under $500,000?

The question I get asked frequently is “where can I find a San Diego home for under $500,000″?  I originally wrote this post January 2013.  since then home prices have increased.  The average listing price is up.  The good news is there are more homes currently for sale.  There are very few homes under $500,000 currently available in Rancho Bernardo and Rancho Penasquitos.

Here are some good locations with single family homes available for under $500,000.

Poway currently has 18 listings under $500,000.   The average list price is $460,000

Poway homes for sale under $500,000

Mira Mesa right now has 28 homes available, not including short sales.  This is twice as many as there were in January 2013.  Prices start at $359,000 to $500,000.  What can you expect?  Homes range in size from 1,000 to 2,000 square feet.  The homes were built in the 1970′s.  Many of the homes are sold “As Is” and need some work.

Mira Mesa homes for sale under $500,000

Clairemont currently has 27 homes  mostly built in the early 1960′s from $449,000 to $500,000.  The homes are typically 1,000 to 1,700 sq.ft.

Clairemont homes for sale under $500,000

Oceanside has 65 homes for under $500,000.  The average home  for sale for under $500,000 in Oceanside is listed for $420,000 and has 3 bedrooms.  Most of the homes available were built after 1980.  Last December the average listing price was $385,000

Oceanside homes for sale under $500,000

Vista has 65 homes under $500,000.  About half of the current active listings under $500,000 were built after 1970.

Vista homes for sale under $500,000

I found 11 homes listed for sale in San Marcos.

San Marcos homes for sale under $500,000

In Escondido I found 100 homes under $500,000 with an average list price of $400,000.

Escondido homes for sale under $500,000

Another great location is Santee

Santee Homes for sale under $500,000

Overall, from last January 2013 to now prices have increased.  However inventory has also increased.  If you see any home you would like to tour just give me a call 858-603-2895

If you are not sure how much home you can afford to buy, click the Mortgage Center.  It has all the information to help you get started on buying a home.

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What are home prices doing in 4S Ranch

The chart below shows the average detached home prices in 4S Ranch in the last 3 years.   There has been a big change in the market.

 

 

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16913 Silver Pine Rd | 4S Ranch | 5 Bedroom Home

Rosemary Lane 4S ranch

 Beautiful 5 Bedroom Rosemary Lane 4S Ranch home

 

Come see this gorgeous, highly upgraded 4S Ranch Rosemary Lane home. This wonderful home is located on a cul-de-sac, fancy word for “Dead End Street”. Very little traffic goes past the house, making it very child safe. It is one of the many things the sellers love about their home. You will not be disappointed. It starts when you pull to the curb and are greeted by the flagstone finish on the walk way and the low maintenance yard to the two beautiful terracotta vases with fichus trees that greet you at the front door. As you open the tall front door you walk in to the formal tiled entryway.

The home features a bedroom and bathroom with walk-in shower on the main level. The bathroom has upgraded tile flooring and wainscot, upgraded sink with granite counter to match the kitchen. It is perfect for in-laws or guests. The home has a fabulous kitchen with a full granite back splash, stainless steel appliances and a 5 burner gas range. There is a walk-in pantry with an upgraded decorative sand blown glass door. The large granite island would make any “top chef” happy. Off the kitchen is a built in secretary desk and breakfast nook. The flooring in the kitchen is distresses hardwood. The kitchen opens to the large family room with fireplace and ceiling fan. The laundry has been upgraded with extra cabinets and wire shelving. From the kitchen you walk through the arched double entry way to the formal dining room with upgraded tile flooring. Off of the dining room is the cozy living room.

As you go upstairs notice the upgraded decorative wrought iron and polished oak handrail. The upper landing is distressed hardwood flooring. There is a large teen room to your left. The sellers have made this their teen friendly “movie room”. The large master suite is located upstairs. It features a master bath with jetted tub, upgraded tile flooring, sinks, counters and frosted shower door. The double door master closet features built in cabinets and drawers. Besides the master suite there are three more bedrooms upstairs. One bedroom in particular makes me smile. It is the Jeanie room; you will know it when you see it.

And of course the home has central air conditioning and dual pane windows.

In the Backyard you will find a built-in barbeque Island. It has a gas grill and built in refrigerator. The island is equipped with a gas and electric line. There is also a 2,500 gallon capacity swim spa with swim zones and spacious hot tub seating with contoured hydrotherapy seats. The sellers just purchased a new 5 piece cover or it. There is also a 3 person outdoor wet sauna. In the low maintenance backyard you will find a lemon, orange, apple, plum, guava and nectarine trees and a bay laurel plant. There are planter flowers and vegetable boxes with underground drainage to the street.

This home is definitely a MUST SEE.

Besides all this the home is located in the wonderful community of 4S Ranch with great school, shopping and restaurants located nearby.

5 Bedrooms   4 Baths   3,272 square feet    3 car  garage  Priced at $879,000

 

 

 

 

 

 

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