Housing Market 2020: Las Vegas, San Diego, Orlando Real Estate Report (October 2020) | The Kwak Brothers

Housing Market 2020: Las Vegas, San Diego, Orlando Real Estate Report (October 2020)

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Housing Market 2020: Las Vegas, San Diego, Orlando Real Estate Report (October 2020)

In tonight’s housing market 2020 forecast real estate report, I will be going over Las Vegas, San Diego, & Orlando. Whether you are moving to Vegas or already residing there, you may be mixed in with the California mass exodus. Las Vegas real estate is significantly cheaper than California real estate. Las Vegas was a hot real estate market even before the lockdown, there is many opportunities for buying and investors to invest in that single family housing market. San Diego on the other hand is suffering in the single family housing market and rental units. San Diego being part of the California real estate market is suffering comparably to similar cities in California (surprisingly better than LA & SF). it’s the typical Southern California housing market. And as far as the investing opportunities in San Diego, I wouldn’t personally invest. The Orlando real estate market is booming. Prices are low 19% homes are going for over 19% of the listing price. So if you are moving to Orlando, you are moving into a strong housing market. As far as investors go, it’s a VERY competitive market if you are not already a heavy hitter. Las Vegas Real Estate market was already hot, starting back in 2017, investors found opportunity out there with the appreciation rate. And that puts Las Vegas real estate in the top 10% of the whole country. But keep in mind if you are moving to Vegas, you will be roped into with all the refugees from California. Now would I buy if was looking for a personal residence, No. Now would I invest in real estate in Las Vegas, my answer is also No. 2. San Diego, CA Housing Market 2020 Analysis (October 2020) Avg. Price of Homes: $701K Days on Market: 15 Days 69% Homes sell above listing price Avg. Price of Rent: $2,237 San Diego real estate, is your typical SoCal style of real estate. Expensive but not as bad a LA or SF. Now would I buy if was looking for a personal residence, No. Now would I invest in real estate in San Diego, my answer is also No. 3. Orlando, FL Housing Market 2020 Analysis (October 2020) Avg. Price of Homes: $275K Days on Market: 21 Days 37.2% Homes sell above listing price Avg. Price of Rent: $1,447 Orlando real estate is booming for personal residence and investors. But for investors, if you don’t have the money, I’d suggest to look else where. Not saying you can’t make it work, you’ll just be competing with the Big Dogs! Now would I buy if was looking for a personal residence, Yes. Now would I invest in real estate in Las Vegas, my answer is No.

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