Local Gas Prices In San Diego, California Impacting Homeowners Buying Decisions!

Local Gas Prices In San Diego, California Impacting Homeowners Buying Decisions!

Californians have cut down on the amount of gasoline they are buying for a ninth consecutive months, according to state tax receipts that document retail fuel sales. Consumption of gasoline statewide was 1.17 billion gallons in November, the most recent period on record, down 2.6 percent from the previous year. Over the past month gas prices have increased substantially amid crude oil spike and a fire this month that idled a West Coast refinery. Gas prices in San Diego,California have ranged from $4.36 up to 4.70, this is unleaded. Leaded gas prices range $4.45 up to $4.90. Predictions are that by summer prices for gas could be as high as $6.00 a gallon.

So, you might ask what does this have to do with local San Diego home buyers that are in the real estate market. Well---what it comes down to--- potential buyers are asking that the agent that they are working with them, chauffeur them to see homes that they have an interest in, many do not want to spend the money on gas any longer to do drive-by's or meet up's.

1. Wanting homes closer to major transportation;
2. Closer to schools for children to walk too. (California public schools charge for bus transportation in some school districts).
3. Closer to were they work. No more long commutes. (Gas wear and tear on vehicles).
4. Some families are cutting back to one vehicle, so they are super interested in getting to points of interest either walking or bicycling.
5. Wanting to be able to find ride sharing drop offs easily.

Courtesy of Crescent Moon Realty, Inc.

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