Hi Dustin,
I think it is a great time to buy property in San Deigo. The interest rates are staying around 6% or under and the home prices in certain areas have dropped as much as 30%. I have a few REO in the North County of San Diego. When these going on the market they are usually sold within two to three days.
However even with being a great buyers market in San Diego, CA it depends on what you are tyring to do. I have some out of town clients buying home here to rent in the winter months and come and enjoy in the summer time.
Let me know if you need any help, I work full time in Real Esate. Or feel free to visit my website at
http://www.coastalhomesinsandiego.com - Mon Nov 10 2008, 15:19