Huge spike in cash buyers in San Diego in 2021 and it was not for “family homes”

KUSI Newsroom,
Posted:

Updated:

KUSI Newsroom

SAN DIEGO (KUSI) – On Good Morning San Diego, KUSI’s Paul Rudy talked with Jim Bottrell, a San Diego Real Estate broker, where he reported a huge spike in cash buyers for homes in San Diego.

He saw an increase in the number of cash buyers this year, typically around 15% but this year in the second half of the year we saw that almost double up to 27% of all purchases were cash transactions.

Bottrell goes on to tell us the three different types of cash buyers that are buying homes in San Diego:

  1. Institutional Investors
  2. Renter homes
  3. Buyers paying in cash
Categories: Good Morning San Diego