According to Zillow.com, a national real estate portal, values of real estate have fallen over 17.9 percent in San Diego County since last year. Sales prices of San Diego condominiums have also plummeted 28.3 percent since last year and over 52.5 percent of homes have sold for less than the purchase price.

Currently, single family homes in greater San Diego area have been selling at median price of $423,000, while San Diego condominiums are selling at median price of $287,000. But, homes in La Jolla, one of the priciest housing market in the US have been down only 12 percent. This kind of housing market have created opportunity for those who want to purchase a home or make investments in real estate market.

Although financing is pretty difficult do to recent upheaval in the US financial markets, but if you are a cash buyer and are looking for long term, the opportunities are endless especially in downtown San Diego condominiums market.

Condominiums are better place to live than single family homes, because it offers convenience and communal living for those who that do not enjoy mowing the lawns or taking care of everyday house repairs and remodeling. This is perfect for single family without any children. Although the cost of association fees and repairs fees can be significant, you can enjoy worry free living.

San Diego is also a great place to raise family because of it’s perfect warm weather conditions. The prices of average San Diego homes can prevent your from owning a single family residence, you can check out San Diego condominiums for affordable living space.