“Hi Gary. I’m thinking of buying a home and I’m trying to decide where. Don’t you think that all neighborhoods in San Diego tend to appreciate at the same rate over the long run?”
Answer:
I agree that most San Diego neighborhoods should appreciate at about the same rate… unless there’s what I’ll call a “unique event.”
Events such as Petco Park upgrading that corner of downtown or the 52 extension improving access to Santee increased values in those areas. Smaller events such as new schools, new shopping centers, etc., also have some impact.
Possible future events could be a new or relocated airport, a new Chargers stadium, military base closings or expansions, etc.
It can pay to read the news and keep track of local proposals, controversies, and other goings on.
