July 14, 2024

Some, reading yesterday’s post on the 1% San Diego home value may at first think that it’s only 1% as reported. But, the ‘real’ story is that for many months now, the top purchasing incentive used both on resales and new construction has been the big incentives. Yes, it is almost standard to offer closing costs, a year or two of HOA dues, kitchen appliances and more to move the properties. The 1% price drop noted in the lasted Dataquick report DOES NOT take these incentives into account in their sale numbers. I would venture to say there purchase incentives may add an additional 1-2% to the ‘real’ value decline. 

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