During the last six months 26 units were sold, giving you a good idea of the popularity of the Coronado Shores. Four units are presently pending sale and range in the sales area of $715,000 to $1,495,000, some dropping slightly in price while others selling for full asking price. One of the pending sales received an acceptable contract within 1 month of listing the property.
La Jolla Residents live in a wide variety of La Jolla real estate options, from condominiums and cottages to large homes. Condos and town homes in La Jolla start at the $300’s for a small condo in a community such as La Jolla Terrace, to over $2 million for an ocean view villa at Emerald Cove.
One of San Diego’s favorite beach communities is Mission Beach, home of the historic Belmont Park, and lots of sand, boardwalk and waves. There are no mega developments here, with many condominium communities having fewer than 10 units. Condos start at the mid-$400’s and go up to over $2 million, depending upon size, age and view. Re-development is in full swing in Mission Beach, with several new condominiums having beach or bay views.
It is easy to assume when reading local papers and watching the news that San Diego’s Real Estate Market is falling and doomed. And yes there are areas that have over a year’s supply of properties on the market and homes purchased in 2004 and 2005 might be forced to take a hit if needing to sell. However the old adage in Real Estate still holds true…
The dream of owning your own San Diego beach get-away house is fading for many because of the ever increasing value of a piece of land. But with careful consideration and a little flexibility, you can use rental income to subsidize your beach home purchase.