Category Archives: Real Estate

Bay Park -Planned complex when trolley extented

Posted on August 16, 2019 | Leave a comment

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Intersection of Clairemont Drive and Morena Blvd.

The proposed residential and retail mid-rise complex that would take over the 3.55-acre parking lot at the intersection of Clairemont Drive and Morena Boulevard in Bay Park represents the future of transit-adjacent housing in San Diego, its developer says.

Wednesday, real estate group Protea Properties pulled back the curtain on Bayview Plaza, a 297,084-square-foot mixed-use project at 2565 Clairemont Drive. The local developer seeks to add 156 mostly market-rate apartments, and 40,000 square feet of retail and restaurant space to the Linda Vista neighborhood that will soon serve as the front porch for the $2 billion Mid-Coast Trolley extension now under construction.

The project, which is being reviewed by city staffers, could open as early as the summer of 2022, and its location overlooking Mission Bay will likely serve as the standout amenity. That’s because, in addition to its coastal vantage point, Bayview Plaza proffers, at least on paper, a live-play-and-ride-transit-to-work lifestyle independent of cars — although resident and transit-rider parking will be available.

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20% of San Diego Listings had price reductions

Posted on August 15, 2019 | Leave a comment

More than 20 percent of homes for sale in the San Diego metropolitan area had a price decrease in June.

Of the 20 biggest metro areas in the nation, San Diego had the sixth most price reductions, said data provided by Zillow. Chicago had the most reductions at 22 percent.

The numbers are down from the end of last year in San Diego metro. In October 2018, 27 percent of home listings had price reductions. Still, recent numbers are a far cry from the start of 2017 when fewer than 8 to 9 percent of listings had a price reduction.

Real estate agents say changing attitudes of sellers and buyers have created a tougher home market for all parties, even though there are still signs of a strong market.

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San Diego mid-year housing report: Fewer listings, rising prices

Posted on August 12, 2019 | Leave a comment

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For the first time in years, the San Diego County housing market is starting to cool.

In the initial six months of 2019, sales were down 8.4 percent from the same time last year. This meant homes stayed on the market longer and there were more options for potential homebuyers.

Even knowing that, there are two things that are confusing to analysts and possibly for the frustrated San Diegan trying to make heads or tails of what is going on.

Prices are still going up. In June, prices rose 2.6 percent year over year. If sales are down, how is that possible? Most real estate economists and real estate agents have said prices rose so quickly in recent years that the median home price is far out of reach for many potential buyers. However, San Diego County still has a very small number of homes for sale each month compared to the rest of the nation. That means there is still a lot of competition for what is left, even if fewer people are competing, and that pushes prices up.

All indicators show the home market should be on fire, but it’s not. The San Diego County unemployment rate was near a record low for most of the first six months, and the region had been adding the most positions in the higher paying professional and business services category. Also, the stock market is still showing gains and mortgage interest rates are much lower than they were a year ago.

Disclaimer: for information and entertainment purposes only

Category Archives: Real Estate

Bay Park -Planned complex when trolley extented

20% of San Diego Listings had price reductions

San Diego mid-year housing report: Fewer listings, rising prices

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