Looking to buy a home in San Diego? We know it seems scary — but there are local housing resources to help you get your foot in the door.

Last month, the average home price in San Diego was $740,000. This number is slightly down from June's peak of $749,750, but the city saw a decrease of over 500 home sales compared to last month. If you think this is the time to make a move, we have some resources for you.

The San Diego Housing Commission allows first-time homebuyers to apply for low-interest loans and assistance for down payments + closing costs if you have financial need. SDHC also offers workshops that cover the basics of buying a home, credit counseling, and money management.

Thinking about a mortgage? It’s a very common question, and thankfully rates are still low. Home prices certainly have a high sticker price, but buyers also need to consider the interest they’ll accrue. Pro-tip: try to get pre-approved for a mortgage prior to looking at homes.

Opportunities are out there — but you should also be realistic. You’ll want to work with a realtor and make a list of things you need, want + would like to have in a new home. Then, look for properties slightly under your budget. Homes are selling over the asking price, so be prepared to negotiate.

We couldn’t think of a better place to live than San Diego. Naturally, a lot of people want to move here. The market is also moving lightning fast (this is where your mortgage pre-approval helps), so don’t get too attached to one property.

The past two years have proven we can never accurately predict the future, but there is a definite need for housing. In San Diego, both ownership and rentals will see an increase in demand. Pick the option best for you. Either way you win — you get to live in sunny San Diego.

Ready to start looking?

🏠 $400,000 for a 620-sqft condo in North Park

🏠 $735,000 for a 821-sqft house in Cherokee Point

🏠 $2.2 million for a 1,326-sqft house in La Jolla