The market has gone down...but not enough to allow you to buy a 3 bedroom detached house for 200k or less in any of the areas you referenced! That price range you are looking at a condo. To see what is going on in those areas check out realtor.com and it will give you an idea of the pricing for the areas you like.
My best advice to you is get an agent who knows san diego well and knows all of those areas. If you need any help I would be glad to help you. Give me a call anytime 619-384-6997
You definitely need an experienced realtor to help you.
I have been working as a realtor in San Diego for the past 34 years.
Please give me a call at 619 300-5008 if I can help you.
Based on your monthly budget, it looks like you may qualify for down payment assistance. You already have 20% down, and you may qualify for an additional 31% down silent 2nd through the city of San Diego. This will allow you to purchase in the $300's which will give you more properties to consider. I am an approved lender for this program and would be happy to help you get pre-qualified.
I definitely agree with Rebecca. You not only need a Realtor to be looking up this information for you, it is also in your best interest to get a lender to prequalify/pre apporve you for a loan too. By getting the loan qualification out of the way, you will know just what price range you can buy. It is possible that what you think you can afford, is not necessarily what a lender would lend you. I can refer you to both a good lender and a good Realtor. See the site below for some useful information on homebuying.
What about a 4 bedroom/2ba, 1920sqft home in Pacific Beach that was bought for $465K in 1999 that was sold for $183,789! A 4 bedroom house in Pacific for less than $200K, is that posssible in Pacific Beach?!?
Currently, I'm looking to purchase a $200K home with a 20% down payment. The specs: 4 bed/2ba, and a 5,000 sqft backyard. It's a shortsale which was originally $400K several years ago, but the seller is willing to give me $200K for it. So, borrowing $160K with the current interest rate will cost me about $1260 (including property tax and homeowner insurance). Utilities and phone will cost me a more, so I'm looking at $1350. That is over half of my net monthly income.
What do you think of the house sitatuion in San Diego? Is it possible to buy a single-family house in the coastal area for less than $200K (3 bedroom)?
Also, I'm in the process of getting a short-sale home. How does that work? I found the home and got the offer for a low price and I'm pre-approved. The next step is to close the deal, right? How does it work?