San Diego is the second largest city in California and the eighth largest city in the United States,  This coastal city, which is also the county seat of San Diego County has a population of population at 1,336,865. As of 2008, San Diego and the surrounding cities making up the San Dieog metropolitan area ranked as the 17th-largest in the United States with a population of 3,001,072

San Diego is a beautiful area and can boast as one of the best climates in the world.  San Diego enjoys mild, mostly dry weather with an average of 201 days above 70°F, and very little rain fall, averaging around 11 inches per year, most of which occurs in December/January.

San Diego has a thriving economy with its three largest sectors of being defense, manufacturing, and tourism in that order.  Also growing rapidly is a bioptech industry and is considered the number one Biotech cluster in the U.S.

San Diego Real Estate prices experienced a dramatic growth in the early part of the decade.  Median house prices more than tripled between 1998 and 2007. According to the California Association of Realtors, in May 2007, a median house in San Diego cost  just over $612,000. However, from 2005 to 2007, San Diego experienced more than a 15% decline in real estate prices, which continued to accelerate into 2008. The two-year drop already experienced is worse than the four-year period between June, 1992, and November, 1996, when the region experienced an 11.8% decline in housing prices.

What does this mean for the Home Buyer???? 

It's a great time to buy in one of the most sought area areas in the country