Property prices are forever in flux.
Over a long enough period of time, property values normally go up.
But, in real estate there is always a certain amount of risk.
When your house appreciates you have more resources to borrow against, and you'll make a larger profit when you sell.
Property values in Vista rise and fall for numerous reasons, so how will you be sure what you're buying now won't depreciate the day after you close?
It's important that you go with an agent in Vista who recognizes the factors that influence local prices.
The economy is thought to be the number one factor impacting real estate appreciation.
mortgage rates, unemployment, job growth, government programs and many other national factors have a definite influence on your property's worth.
However, your home's value and the things that play the biggest role in its appreciation depend on the local Vista economy and housing market.
Location in a community - Most people want homes in the regions with the easiest access to features, such as our jobs and schools.
So when it comes to holding their value, these communities consistently appreciate the best.
The latest home sales - Are homes on the market 30, 60, or 90 days or even longer? What was the final sales amount versus the listing price? Some information can be obtained from public records, but a good agent with a login to the local MLS will often be able to provide a more complete picture.
The appreciation history - Is the neighborhood considered desirable because of its location or affordability? Have home prices gone up or down over the past 5 to 10 years?
Economic factors - Have businesses moved into or away from an area? Are local companies hiring? Is there a fair blend of work in an area, or does it rely upon just one industry?
All these play a part.