April was a record month for cash buyers in San Diego County, the latest DataQuick numbers show.
One-third of last month’s sales were done in cash, breaking the previous record of 31.4 percent set in February. The historical monthly average of cash deals in the county is 16.7 percent, based on a data set that starts in 1998.
San Diego’s cash-buyer percentage is in line with Southern California’s, at 31.5 percent.
Activity from cash buyers and investors continues to be “robust” locally and in neighboring counties, DataQuick president John Walsh said on Wednesday. Investors, also known as “absentee buyers,” made up 27.8 percent of total buyers in San Diego County last month, up from 25.7 percent a year ago…
Read the rest of this article by the Union Tribune San Diego: “Record rate of cash buyers hit SD home markets”.