La Jolla Real Estate

2008-04-19T10:43:00.000-07:00

La Jolla could have the pay parking done away with. This would be great news for surfers and beach goers. La Jolla beaches should be kept open to the public.
I can only imagine what the old Mac Meda Destruction crew would do to parking meters along Windansea...
Maybe Tom Wolfe will have to revise the Pumphouse Gang...

2008-04-19T10:32:00.000-07:00

Along with La Jolla, one of the hottest spots for real estate and exceptional living is the heart of San Diego - Downtown. After peaking in 2006, Downtown prices have softened through 2007 leaving 2008 as a great time to find affordable living in the urban oasis.
At the same time as prices become more attractive, for those that are not as concerned with cost, Downtown is being infused with uber luxurious high rise living. Sapphire and Bayside join the Grande in the Columbia District, while buidings like Pinnacle and Harbor Club offer high end living in the Marina District.
Downtown San Diego's East Village - the largest of the Downtown villages, is undergoing a second, post ballpark phase of its renaissance. While there are some spectacular new units still available, the commercial space is finally filling making this a real community.

2007-04-02T11:18:00.000-07:00

The real estate market is showing signs of life. Well priced properties are seeing multiple offers - listings in areas with high inventory levels. Of course the test will come as 100% financing goes away.
2006 was a tough year for real estate. Rising interest rates scared off some buyers - to the point that many investors got worried and put non-owner occupied property for sale. As buying activity went down and inventory levels went up, we saw softening in the form of long market times and higher levels of expired listings. Sellers adjusted list prices and offered incentives, some investor/ sellers pulled listings off the market all together. 2007 showed signs of benefitting from falling inventory.
Now the condo market will have to weather another storm. Just as soon as the "appreciation" word came back into our vernacular, the financing that made up apprximately 12% of all loans is gone.
Seller assisted financing will certainly play a growing role, as anyone with equity in their home will have an advantage by being able to offer a buyer an affordable rate on a second.
The good news is that the "test" is happening at the right time. While demand increases seasonally, the market will be better able to sustain and react to the tighter lending guidelines.

2007-03-17T08:13:00.000-07:00

The subprime fallout is sending ripples through the housing market. The worst has yet to be determined - only time will tell. The question is, what effect will this have on the housing prices?
It is very likely 100% financing will be gone altogether in the coming months. Subprime borrowers will need to come in with 10% down and alt-a borrowers - those that are not considered prime borrowers but not as risky as subprime, will be required to come in with 5% down. Purchasing power of first time, subprime borrowers will be reduced. With too many condos still on the market, there will be added price competition. Seller assisted financing, FHA and VA will become players again. Look for modest price decreases in the over saturated entry level condo markets.
As long term interest rates remain very favorable, prime borrowers in entry level markets (not many) and move up buyers, sellers of homes at and above the median home price will not see dramatic effects. Competition in the mortgage market to service prime borrowers willl get fierce. Good credit and money in the bank = great time to buy real estate. Don't look for price reductions in the higher prices and luxury markets like the La Jolla homes market.
Ultimately, banks selling less risky loans will be a good thing for the market. Ridiculus rates of appreciation made 100% loans a viable option for lenders and borrowers alike. Mortgage banks are in trouble because they kept selling these loans as inventory piled up and short term rates on adjustables rose. Without the appreciation, borrowers were put in homes they simply could not afford. They were set up to default. Tighter lending guidelines are putting an end to this as we speak.
We are in for a ripple through the entry level market. Already softening markets like East County won't be helped, but should survive.

2007-03-15T06:48:00.000-07:00

As mentioned in a previous post, Nuvilla Real Estate has had it's initial site launch. The La Jolla section is now up with content highlighting our community. All the 92037 listings, both condo and single family home, populate the main page for easy access for home shoppers. Resource guides are coming in the next phase of development which is set to include local school information, dining and entertianment, recreation and emergency service information.
Keep checking back, as development has gone quick. Help friends and family with their La Jolla relocation by forwarding the site La Jolla real estate to them.

2007-02-26T08:55:00.000-08:00

Nuvilla Real Estate expects to launch their site this week - a much anticpated event. The company whose philsophy is summed up as "High Tech, High Touch", should receive raving reviews from home buyers and sellers that come across the site.
Nuvilla will serve all San Diego Real Estate.
The site is a landmark in the industry in that a company has designed and built a site around the concept of providing useful information to the consumer, as opposed to a site built for the purpose of self-promotion. For relocating buyers, the in depth community profiles make it easy to compare and contrast the very unique regions that make up San Diego. Nuvilla provides guides for area schools, dining, entertainment and even surfing so that prospective residents can acquaint themselves with the area and find the right home for them on the same web page.
"It is important for the buyer to make informed decisions. That certainly applies to the early stages of the home buyeing process - stages such as choosing the right community for them" says Cleve Shirley, a long time San Diego Realtor and the broker/ owner of Nuvilla.
With a strong presence online, Nuvilla will offer a tremendous advantage to home sellers that are having a hard time moving thier property in this buyer friendly market. "Our site is easy to find on search engines" Cleve adds. "My partners operated a boutique SEO and online marketing firm. The industry has changed so drastically - it is absolutely essential to reach out to the new consumer. Estimates are as high as 95% of homebuyers are using the internet to assist in the home buying process. To best serve our seller, we must be able to connect our sellers with prospective buyers. The marketing is really the only thing the agent has control over in the transaction. The seller ulimately decides on list price, the condition they keep the home in and the market decides the rest. There are astonishingly very few agents and companies with effective online marketing".
Nuvilla Real Estate will have an official launch before summer 2007.
Cleve Shirley can be reached at 619.437.4708 or at cleve@nuvilla.com.

2006-11-28T11:58:00.000-08:00

Check out this blog if you are looking for Jamul CA real estate - a great home for sale near Downtown Jamul. 3 bedrooms and 2.5 baths just over 2,000 square feet. Priced at 679,900, this home is a nice opportunity to get in below market. Jamul is a quiet, rural town with country charm just east of El Cajon in San Diego, CA.

2006-09-02T10:37:00.000-07:00

Affordable home for sale in La Jolla. Walk to the beach, close to shopping and schools.

$1,095,000 gets you 1423 square feet - around $770 a square foot - very good for the area.

Check out this La Jolla home for sale.

La Jolla and San Diego's other high end and coastal communities have remained strong despite a slow down in overall sales and rising inventory. This is a good opportunity to lock in a great property while interest rates are low.

2006-08-31T09:12:00.000-07:00

This blog hasn't been used much as of late. But you can take a look at the San Diego Real Estate Blog. This blog covers San Diego real estate, real estate news, community information and goings-on, and also features many of the new homes and condo conversions in the area. There are a lot of good buys right now, especially with interest rates staying low and sellers and builders offering great incentives to get in with little or no down. You can email me if you are interested in discussing investment properties - a good time to consider them as the rental market heats up.

Also, you can go here to check out the latest La Jolla real estate statistics

2006-01-02T13:03:00.000-08:00

La Jolla Real Estate Statistics
November 2005
Condos & Townhomes 92037

New September Listings: 74
Average List Price: $839,177
Median List Price: $649,846
Total Sold: 32
Average Sales Price: $835,340
Median Sales Price: $612,500
Sold Price/ List Price%: 95.94%
Average Market Time: 62 Days

2006-01-02T12:58:00.000-08:00

La Jolla Real Estate Statistics
November 2005
Single Family Homes 92037

New September Listings: 42
Average List Price: $2,380,405
Median List Price: $1,850,000
Total Sold: 19
Average Sales Price: $2,030,078
Median Sales Price: $2,005,000
Sold Price/ List Price%: 85.17%
Average Market Time: 66 Days

2005-11-21T14:43:00.001-08:00

La Jolla Real Estate Statistics
October 2005
Condominiums & Townhomes 92037

New September Listings: 66
Average List Price: $840,285
Median List Price: $699,000
Total Sold: 42
Average Sales Price: $722,640
Median Sales Price: $608,000
Sold Price/ List Price%: 96.07%
Average Market Time: 59 Days

2005-11-21T14:43:00.000-08:00

La Jolla Real Estate Statistics
October 2005
Single Family Homes 92037

New September Listings: 57
Average List Price: $2,214,020
Median List Price: $1,875,000
Total Sold: 25
Average Sales Price: $1,863,880
Median Sales Price: $1,530,000
Sold Price/ List Price%: 84.99%
Average Market Time: 76 Days

2005-11-21T11:01:00.000-08:00

Another unbelievable weekend in La Jolla. Being a native San Diegan, I sometimes take for granted how incredible life is at the beach. It is when I am around friends from back East on weekends like this last that I realize just how well off we are. They marvel at how pefect everything can be. At their respective homes, it's time to pull the snow shovel out, make sure the tire chains are accessible and pull the winter coats out of the closet. All the while the temperature in La Jolla is hovering just below 80 degrees with a cool breeze and a virtually cloudless sky.
Great example. Take the Chargers game. Played in San Diego, the weather was perfect. Contrast that with the visiting teams weather back home- freezing! Simply waking up in Southern Califonia gives us one up on people elsewhere.
I'm happy to say that this trend will continue. The weather this week- 70's and partly cloudy.

2005-11-15T18:14:00.000-08:00

Torrey Pines State Park is the perfect 10 minute getaway. Located just North of the Torrey Pines Golf Course between La Jolla and Del Mar, the park offers 8 miles of incredible hiking trails, beautiful views, unspolied beaches and a look at what the San Diego coast would have looked like to early California settlers and the Kumeyaay people. The park encompasses 2,000 acres of wetlands, beaches and cliffs that remain on of the last homes of the Torrey pine.
The tree from which the park gets its name is one of the rarest species of pine in the world.
An ideal getaway for residents and visting tourists alike, Torrey Pines hiking trails are great for a meditative hike in a beautiful setting, running or jogging in a clean, natural environment, or a guided nature tour.

2005-11-09T15:57:00.000-08:00

For a real estate investor to make any fiscally astute investment decisions, it is critical for him take measure of the future economic outlook where he chooses to invest. What will come in future bring? What will the cost of money be tomorrow? Which cities and neighborhoods where we put our money will most economically robust? Can we assume future housing appreciation?
Last month I had the pleasure of listening to a pair of widely respected economists- Anil Puri, Dean of the College of Business and Economics at California State Fullerton and David Lereah, Chief Economist Of the National Association of Realtors- give their view on the future economy of the United States.
Let me summarize:
· The economy will grow. The expansion rate (Gross Domestic Product) of 3.0% to 4.1% that the US Economy has been enjoying will continue at the 3.3% to 3.4% level through 2009. National economic fundamentals are sound but inflationary pressures, rising oil prices, tax reform, and potential job losses could be risks on the horizon.
· We will pay more. Both economists predicted inflationary times ahead. The Consumer Price Index (CPI) last week rose an annualized 4.8% nationally and 5.7% for California. The end of year rate will end up closer to 3.5% and probably 1 point higher for California.
· We will make more. In 2006-2007 an average of 6.2% rise in personal incomes is predicted. Rising incomes employers pay to attract better workers will make housing in economically dynamic cities more affordable.
· There will be more of us. By 2050, America's 290 million population will be 420 million strong. Nevada's population will grow two fold by 2023; Florida's population will double by the year 2040. California will add the most residents, but the greatest percentage increase will be in Texas, Florida, Nevada and Arizona
· We will build more. Ninety million new housing units by 2050 are needed to replace older housing stock, to house new households and to satisfy the demand for the burgeoning 2nd home market.
· We will have immigrants. Miami, Los Angeles and New York will continue to attract the large families 1st generation immigrants traditionally provide. We will need their vitality and work ethic.
· We will age. Twenty five years ago, only 25 million Americans were above the age of 65. That number will almost triple to 70.3 million by 2030.
· We will pay higher interest rates for all loans. Besides credit card companies finding ways to charge higher rates, the Federal Reserve has raised short term rate 12 straight times since June 2004. Prime interest rates on most Home Equity Lines of Credit (HELOCS) have risen from 4% to 7% during that time. The Prime Rate is expected to be at 8% by the end of 2006. Both economists forecast long term fixed rates to be about 6.5% to 7% by the end of next year.
Those of you that now have loans with long term fixed rates will benefit in a higher rate world. Call me if you want to avoid the risk of higher interest rates.
Would you like to know why I think we won't recognize the place 10 years from now? E-mail me if you would also like to know where Dr. Lereah, National Association of Realtors economist, saw the young, energetic high-tech swing cities growing the most.

post courtesy of Steve Dexter
949-494-1676

2005-11-09T15:45:00.000-08:00

To follow up on a recent post regarding the new roundabouts installed on La Jolla Blvd near the SeaHaus project, I have to say the flow of traffic seems to be adjusting well now. I haven't seen any near fatal accidents due to seemingly unnatural right of way. Looks like Mr. Burden had it right. Birdrock should come out of the recent redevelopment a more walkable, cohesive community. Its potential for a cozy, European seaside village feel will be realized. That is a great thing for La Jolla. Let's just hope the lineup at Birdrock doesn't feel the impact of more visitors!

2005-11-08T17:14:00.000-08:00

Another north swell seems to headed towards San Diego beaches in time for the weekend. Coming in between 293 and 289 degrees, most north facing beaches should show waves in the 3-5 foot range Friday and Saturday, tapering off on Sunday. Water temperatures have been dropping slowly but consistently, leaving most San Diego beaches in the low 60's. Definitely a full suit.

Surf Report

from surfingsandiego.com

2005-11-08T16:53:00.000-08:00

The La Jolla Beach and Tennis Club, in an attempt to become the site of a first round Davis Cup match between the United States and Romania has submitted “a very competitive bid” according to Club president William J Kellog .
The La Jolla Club has never hosted the event, and would construct a hardcourt with seating for 4,500 on its pitch and putt golf course to accommodate fans.
The United States was not assured of participation in 2006 until a recent 4-1 victory over Belgium.

San Diego Union Tribune

2005-11-08T16:45:00.000-08:00

NFL 101

NFL 101 with the Chargers is back. Learn the basics of the game in at this fun, interactive event. Have dinner on Jack Murphy field along with a Gallo wine tasting. Appearances will be made by Chargers coaches and players to give offensive and defensive tutorials and instruct in interactive running and throwing drils. A Q&A will follow class. Registration is at 5:30, dinner at 6:00 and the program at 7:00 on November 8th.

NFL 101 with the San Diego Chargers

2005-11-08T16:02:00.000-08:00

Events

San Diego/ Tijuana based architect and artist Teddy Cruz explores the deep division between northern and southern cultures in the Americas in the exhibition “Border Postcards”. Cruz and the Tijuana Workshop present a series of photo-constructions providing insight into “architectures of contingency and urbanisms of transgression that define this border territory”. Cruz’s work has been previously seen at the Athenaeum in 1994 with “This is not a House: Four Projects by San Diego Architects”.

Teddy Cruz: Border Postcards
November 19 – December 31 2005

La Jolla Athenaeum

2005-11-07T20:17:00.000-08:00

Mission Bay Golf Course is located just off the Grand and Garnet exit in Pacific Beach (just South of La Jolla). If you ever find yourself with 2 1/2 hours, a pitching wedge and a putter, about twenty dollars and a hankering to get 18 in- this is the spot for you. Not exactly a challenging course, but then again sometimes that is just what you need to get the confidence back, especially after playing the Oceans Course at Bajamar. It is a municipal course, so with that take the good and the bad (generally not as well maintained, without the amenities- but you get what you pay for, which is the good thing about muni's). Very short and accordingly plays very fast. A great place to play if you're going with your hacker buddy, 5 year old nephew, or me.

San Diego Coastal Golf Courses

2005-11-07T20:03:00.000-08:00

For anyone who missed it, a very fun 70's top forty cover band, Phenomenon, played at the Hard Rock Cafe in the Village in La Jolla on Saturday night. Excellent musicianship, fun tunes that you can't but get up and dance to. The odd thing about Phenomenon is, with most band members being on the mature side, the show stealer is the young twenty-something lead guitar player, Alex Ciullo. He will definitely put on a show, running and jumping around on the stage all the while playing a mean guitar.
So if you are ever in the mood to hear a some old ACDC or Led Zeppelin- Phenomenon will bring you back.

La Jolla Village

2005-10-29T18:10:00.000-07:00

Daniel and Samuel Sizer bought 80 acres of land for $1.25 per acre in 1869. Adjusted for inflation, that is roughly $17.33 per acre for a present day cost of $1386.40. That land, which is what we now call La Jolla, is worth (conservatively) $1.25 million an acre. The total? $100,000,000.00.

More La Jolla History

2005-10-29T17:36:00.000-07:00

Mount Soledad offers the most inspiring views in San Diego. The highest peak west of Cowles Mountain in the San Carlos/ La Mesa area, this La Jolla spot is one of those places in our backyard, that, even though we may drive by it on the 5 going to and from work, even drive around it from Pacific Beach to La Jolla, can often go forgotten or left alone without visiting.
Getting to the top of Mount Soledad does wonders to clear the daily stresses from our minds. Take this as a reminder to take advantage of the many natural treasures offered in our own backyard.

2005-10-29T16:40:00.000-07:00

Due in large part to the shortgage of housing and the subsequent run-up in housing costs, builders have apparently decided to search out new land for homes. When most of the prime land is already built (try finding new oceanfront sites in La Jolla or Del Mar) one needs to conquer new frontiers. It seems as though the industries ultra-progressive have indeed conquered.
When it is time to shop for your new home- the local MLS won't cut it. You'll need somethinng a little further reaching...

Intergalactic MLS

2005-10-29T15:54:00.000-07:00

Popular surf forecast has undergone some changes. Surf forecasts for all of San Diego and beyond. Check it out.

IMO- good, but at times not the most accurate.

Surf forecast from Wetsand

2005-10-29T10:27:00.000-07:00

New "round abouts" in installed in La Jolla Blvd in connection with the Sea Haus development project will take some time for drivers to get used to. The yield for oncoming traffic, seemingly very unnatural around these parts but fitting to the European style and image of the development have some motorists confused on who has the right of way. It will be of benefit to residents in the Sun Gold Point and Birdrock areas, most notably residents and their visitors of Sea Haus itself, to make quick U-turns, have the flow of traffic continue and make ingress and egress all together more possible. It will be interesting, however, to see if during the drivers learning curve, there aren't a rise in insurance claims...

About La Jolla

2005-10-26T10:57:00.000-07:00

La Jolla Real Estate Statistics
September 2005
Condominiums & Townhomes 92037

New September Listings: 58
Average List Price: $767,524
Median List Price: $635,090
Total Sold: 45
Average Sales Price: $624,820
Median Sales Price: $525,000
Sold Price/ List Price%: 97.23%
Average Market Time: 33 Days

La Jolla Real Estate

2005-10-26T10:49:00.000-07:00

La Jolla Real Estate Statistics
September 2005
Single Family Homes 92037

New September Listings: 53
Average List Price: $2,547,007
Median List Price: $2,199,876
Total Sold: 29
Average Sales Price: $3,014,692
Median Sales Price: $1,950,000
Sold Price/ List Price%: 93.97%
Average Market Time: 115 Days

La Jolla Real Estate

2005-10-24T18:04:00.000-07:00

Situated in The Village for the past 16 years, Africa and Beyond has offered fine African art, furniture, jewelry, masks and an assortmant of other pieces at exceptional prices. Each piece is hand picked by Ian Allen, along with his partner and wife Julie, so you can be assured the highest quality. Explore the many faces of African art, including contemporary Shona stone sculptures to traditional artifacts, African textiles, traditional African weapons all with information pertaining to its history and function, providing a deeper appreciation and understanding of each inspirational work. Africa and Beyond is a great stop for the serious collector and the casual admirer alike.

800.422.3742
1250 Prospect Street, La Jolla 92037

About La Jolla

2005-10-24T16:45:00.000-07:00

Surf is up around La Jolla Beaches! Wind conditions weren't favorable Monday morning, however, winds should taper off leaving only a light texture. Tuesday morning looks good for San Diego surfers.

San Diego Surf Report

2005-10-24T16:27:00.000-07:00

"Come On In" is what they would like you to do and so the restaurant is named. Open for breakfast and lunch serving American and Carribean cuisine, "Come On In" is a great stop for meeting friends for lunch or enjoying sunshine on the patio witha magazine and Curried Chicken Sandwich. The variety of baked goods are great for takeout or relax in the French Country decor and enjoy the highly recommended Pasta Salad. Pricing is surprisingly affordable, as you can enjoy dinner for two with coffee and dessert for under $50.00.

In the Village at
1030 Torrey Pines Road Suite D, La Jolla 92037
858.551.1063

About La Jolla

2005-10-20T17:40:00.001-07:00

Harry's Coffe Shop in La Jolla is one of the great local greasy spoon breakfast spots. You'll find San Diego elite popping in to try some of the delicious eats any given morning. Don't be scared of the wait, as it goes quick. Harry's is a great place to meet friends. The classic atmosphere and fiendly sevice staff keep 'em coming back!

7545 Girard Drive, La Jolla CA 92037. 858.454.7381

About La Jolla

2005-10-17T14:40:00.000-07:00

Southern Exposure

Musuem of Contemporary Art, La Jolla. September 15th, 2005- January 1st, 2006.

Southern Exposure draws from MCASD’s permanent collection in a showcase of diversity and aesthetic innovation of contemporary art making in the region. With over 40 years of work by artists from LA to the Mexican border, the exhibition features subjects and techniques developed in response to the artists’ Southern California location.

Living in La Jolla

2005-10-13T15:32:00.000-07:00

Fabulous dining is just one aspect of the La Jolla lifestyle that seperates it from the rest of Southern California. A locals favorite is to visit the Marine Room on a high tide when there is a sizeable north swell rolling through. A seaside table will give you the best seat to witness the show as waves come crashing against the windows while patrons feast on gourmet seafood paired with the perfect varietel from the extensive wine list.

More on La Jolla culture

2005-10-12T21:02:00.000-07:00

Situated atop the towering cliffs overlooking the Pacific Ocean, Blacks and Torrey Pines Beaches, Torrey Pines Golf Course is the foremost municipal golf facility. Torrey Pines offers one of the largest on course golf shops, advance reservations, expert instruction, driving range, and world class dining and lodging nearby. Boasting two 18-hole courses, the North Course and the South Course, Torrey Pines is truly a golfers paradise.

Par, course rating, slope, and tee time information for Torrey Pines Golf Course

2005-10-12T14:01:00.000-07:00

Beach Information:
Windensea Beach is an iconic La Jolla beach and surf spot. On any given day, you can find beachgoers from all over surfing, swimming, sunbathing or simply relaxing along the California coast.

Find out about La Jolla's beaches

-lifeguards, rip currents, surfing, scuba, regulations and more.