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ARE YOU MOVING TO SAN DIEGO?
WHERE SHOULD I BUY? DOWNTOWN? LA JOLLA?
Where you want to live depends on your lifestyle. And…..your pocket book.
La Jolla vs. downtown living are on opposite ends of the spectrum….in every respect.
Downtown living is active, walking, lights, sounds, eating, movement, dancing, social, Little Italy, East Village Ballpark Padres, Artsy, Marina District and New Yorkesque. Downtown living is condo, low rise, high rise, industrial, colonial, contemporary, 24/7 concierge, walk-up, Bay views, Cruise ships, parks, dogs….more dog parks, Horton Plaza, Farmers Market, Marinas, sail boats, hotels, gaslamp, history.
La Jolla living is high end, ocean walking, ocean views, surfing, tennis, La Jolla Village walking, Museum of Contemporary Art, La Jolla Playhouse, village restaurants, Birdrock Restaurants, coffee gatherings, Sunday Farmer’s Markets, The Cove Swimming, kayakers, snorkeling, bike paths, runner’s paths, more homes than condos, country clubs, golf….did I mention “view” homes?
Here’s some statistics for you.
DOWNTOWN SAN DIEGO CONDO MARKET
Currently there are 94 active available condos downtown between $250k – 500k
*Contingent – 24
*(Contingent are properties that are sales pending approval from the bank on shorted sales.)
Pending – 30
Sold past 30 days – 72
Average Days On Market – 106
Average List Price – $344,369
Average Sold Price – $357,007
On property above $500k
Currently listed – 230
Contingent – 11
Pending – 22
Sold past 30 days – 14 -
Average Days on Market 132,
Average List Price – $1,089,798
Average Sold Price $693,304
LA JOLLA SINGLE FAMILY RESIDENCE
Currently there are 288 properties avaialable
Ranging from $655,000 – $29,500,000
35 Sold in the past 60 days
Average Sale Price – $1,902,239
Sold Properties – $750k – $8,900,000
Average Days on Market – 95
Average Price Per Square Foot – $646.02
As a note: Sales prices are on an average at 93 percent of the Listing prices
In summary, La Jolla is one lifestyle that will involve extra cash, and a good down payment. Downtown has it’s high end, but at the same time it is a great place for the first time buyer who wants a good entry level lifestyle. Downtown is not just a great and fun lifestyle, but with the New Library, New High School, New Law School, and now possibly, a New Stadium for the Chargers, this is a great investment.
Don’t forget, Carlsbad has a lifestyle. Del Mar has a lifestyle. Point Loma has a lifestyle. What’s your lifestyle?
If you have questions regarding your home value, or if you have missed payments and not sure what to do, I may be able to help you.
