Homes at South Mission Hills

If you are in the market for a Southern California lifestyle you should be on the lookout for any homes for sale in South Mission Hills, San Diego, CA.

The area’s homes are famous for their unique architecture. Numerous homes have been recognized by the state as historic landmarks, designed by some of the most renowned architects in San Diego. The community boasts tree lined streets and luscious landscaping as well as a multitude of breathtaking views: downtown San Diego, canyons of the San Diego River Valley, San Diego Bay. South Mission Hills is renowned for it’s education, ranking very highly for public schools. In addition, there are a number of private and public school options in the area.

South Mission Hills offers not only a comfortable place to live, but also the opportunity to be part of a community. With a population of only 25,000 it’s easy to be heard on any number of the city’s preservation committees, historical society, or other organizations. Become a regular at the neighborhood café and enjoy the mom-and-pop atmosphere. If you are looking for more diverse dining and entertainment attractions, you are sure to find them in downtown San Diego, just a short drive away.

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Courtesy of Sandicor, November's statistics are in for real estate activity in South Mission Hills, San Diego CA. Mission Hills and South Mission Hills are beautiful neighborhoods just north of the Downtown San Diego area that feature many period styles of homes like early 1900's Craftsman, Spanish Revival, Colonial, etc. It is one of San Diego's most exclusive neighborhoods and a wonderful place to raise a family with award-winning schools and strong community ties. For the purpose of statistics, South Mission Hills is considered that area south of Washington, bordering Hillcrest, Bankers Hill and Middletown.

Currently there are 17 active detached homes for sale in South Mission Hills San Diego. They range in price from $629,900 to $1,850,000. They average 3 beds, 3 baths, 2,661 square feet and $1,027.12 list price, or $400.60 per square foot. They average 97 days on the market. The median numbers are 4 beds, 3 baths, 2,420 square feet, $923,500 list price or $400.12 per square foot, and 76 days on the market. Non-detached homes (condos, townhomes, etc.) are fewer to be found. There are only 7 on the market here at this point. They average 2 beds, 2 baths, 1,129 SF and $353,74 list price, or $317 per SF, and 73 days on the market.

There are 7 detached homes in escrow at the moment, averaging 3 beds, 2 baths, 2,110 square feet, a list price of $675,43 ande 24 days on the market. There are only 3 attached units in escrow, averaging 2 beds, 2 baths, abou 1200 square feet and a list price of about $300,000.

There were only 2 detached homes sold in November in South Mission Hills, as activity was slow. One was a small office conversion at $265,000 and the other a more traditional 3 bed, 2 bath 1,201 square foot $600,000 sale. only one condo sold as well in November, a tiny 1 bed, 1 bath, 597 square foot $130,000 sale.

This amount of low inventory and low activity is most likely due to several factors: first, homeowners in this area are generally long-time owners and plan to live their whole lives in these beautiful homes and in this wonderful neighborhood. It is also a very affluent neighborhood and most savvy homeowners do not wish to sell now until prices return to 2004-2005 levels. Finally, as in the rest of the country loan limits on "jumbo" loans have made it difficult for "move up" buyers to purchase these properties. This is an area that generally will see very few if any short sales and foreclosures, so prices in 2012 should increase a couple of % or more, but will that mean sellers will start to sell here ? Time will tell if we'll see more houses for sale in South Mission Hills San diego in 2012.

Mission Hills and South Mission Hills residents need not venture out of their own neighborhoods for fun nights of eating and drinking. Yes, there are many "fine dining" choices in Mission Hills,the nearby Gaslamp Quarter and Little Italy, but if you haven't checked out these three places lately you not only get satisfying fare but also an all-around great night out. Fist is Lefty's Pizza on 4030 Goldfinch. Lefty's is a family owned Chicago pizzeria that specializes in deep dish pies with true Chicago style ingredients. (they also serve thin crust, but doesn't everyone?). If you want a nice, feeling meal, try the "Monster of the Midway"- a sausage, pepperoni, hot giadinera and elephant garlic monstrosity that you'll love. There's a second shop in Nort Park. Next, try this little hole-in-the-wall for your next Mexican feast. It's Lucha Libre (named after the Mexican wrestler) at 1810 W. Washington St. It was featured recently on the TV show "Man Versus Food", contains unique wrestling artifacts, and has a killer TJ (bacon wrapped) Hot Dog and a phenomenal "Surfin' California" Burrito. Finally, for some more "upscale" dining, try the wonderfully popular Starlite Dining and Cocktails on 3715 India St. for locally grown, imaginative daily menu choices mainly all under $20. The beer, wine and cocktail selection is amazing too. Try the Mac and Organic Spring Hill Cheddar Cheese or the juicy Brandt burger. Wanna live here? South Mission Hills Homes for Sale

This week at a charity event in nearby La Jolla, Freddie Mac Chief Economist Frank Nothaft spoke about the immediate future of the San Diego housing economy. The following synopsizes the key points in his speech:

*The odds of another crippling national economic recession are 1-in-3.

*Home prices will recover slowly because the unemployment rate will not fall significantly and the national economy will still lag.

*Local home prices should push down 2-3% in 2012, but due to continued low interest rates overall home sales should rise in 2012.

*Continued high unemployment rates locally can only mean that more foreclosures are imminent.

*Prices for homes will likely bottom out in early 2102.

*Home buyer affordability is at an all time high, but economic insecurity will prevent people from making high-end purchases.

*Unemployment or lack of income was the major cause of foreclosures in the US in 2010, followed by marital difficulties.

Again, not to belabor the point but has there ever been a better time to buy property in San Diego than right now? Wanna live here? Click South Mission Hills Homes for Sale

Mission Hills San Diego homes are in the enviable position of being located in "historic districts". Although most people probably feel that this is just a way to lure tourists off the highways for a tour, there are several beneficial reasons why a neighborhood would want to be considered an historic district. The primary objective of historic districts is to maintain the scale and basic character of such districts by:

• Protecting and preserving the basic architectural features of the homes in the neighborhood.
• Discouraging demolition and alteration beyond recognition of the exteriors of qualified (known as “contributing”) homes in the neighborhood.
• Helping to uncover the important historic past of the neighborhood.
• Encouraging redevelopment of incompatibly developed properties in accordance with the character of the area.
• Making Mills Act property tax relief available for qualified homes in the neighborhood.
• Boosting property values of all homes through the prestige that comes with being situated in a historic district
• Facilitating pride of ownership and understanding of the deep historic roots of our neighborhood. Due to lack of financial resources, the City of San Diego has indicated that it will not be initiating new historic districts for the foreseeable future, but will process nominations brought forward by the community. Wanna live here?, please click South Mission Hills Property for Sale for property information on these area