Understanding Vista home prices

Real estate prices are continually changing. Normally, property values appreciate in the long term. But, of course, in real estate there are no "sure things".

When your house appreciates you have a bigger asset to borrow against, and you'll realize a better profit when you sell. There are different reasons why property values in Vista shift. So, how will you know what you're purchasing presently will appreciate over time? The most important element is that you go with an agent in Vista who understands the factors that affect local prices.

Many assume that the economy is the most important factor impacting real estate appreciation. Clearly, interest rates, unemployment, job growth, government programs and many other national determinants have a noticeable impact on your house's worth. However, your home's value and the things that play the biggest role in its appreciation are particular to the local Vista economy and housing market.

Let Stoneridge Realty & Property Management Services help you with your first home purchase in Vista Access to services - Being close to schools, jobs and amenities like shopping, restaurants and entertainment is a big deal to many us and will greatly influence home values. So when it comes to keeping their value, these regions generally appreciate better than others.

Recent sales - Your REALTOR® should give you stats on the recent real estate sales in the neighborhoods that you'd like to live in. You'll want to know average time on market, selling versus listing price and more.

The appreciation history - Is the community thought of as desirable because of its location or affordability? Have house prices gone up or down over the last 5-10 years?

The local economy - Are local companies hiring? Have companies moved into or away from an area? Is there a good blend of work in an area, or does it rely upon just one industry? Is the mix of commercial and residential zoning changing? These items play a part.

It's vital to understand the factors that play into your property's price. Get an assessment of your house's value here. Have any questions? Please feel free to call me at 760-727-3776 or e-mail me.