If you have been chatting with home buyers in San Diego, undoubtedly Escondido has come up in conversation. So, why a surge of interest there?
The median home price in Escondido is only $453,000! Surrounding neighborhoods are much more expensive. For example, you would have to pay around $700,000 to get into a home in Rancho Penasquitos. Plus, in Escondido you can buy a lot more house and often times more property for your money. Additionally HOA and Mello Roos fees are typically lower, offering buyers more savings.
If you work in San Diego, the commute to Escondido will run you around 20-30 minutes on an open freeway which gives buyers a much closer option than areas like Temecula or Oceanside. With the growth of North County breweries, wineries, restaurants, shopping centers and theaters this area is only becoming more popular for socializing. Plus, with beautiful hikes around Lake Hodges or Lake Dixon, and attractions like The Wild Animal Park and the Children's Museum there is no shortage for activities for any age group.
Variety of homes available is a huge PLUS in Escondido. There is truly something for everyone. You can purchase Mid Century homes with large lot sizes, gated communities with vast vineyard views and even brand new home communities are featuring properties that would surely be in the $1MM+ price range in the San Diego area.
Although schools are often a concern, the excellent charter schools and Montessori's in Escondido have been the talk of the town. This has spurred the Escondido School District to take action and put manpower and funding towards improving their entire educational system.
If Escondido sounds like its right for you, don't hesitate! This area of San Diego will surely go up in price point and inventory will decrease as more people discover its appeal.