Like most areas of San Diego, La Jolla is facing some challenging times when it comes to real estate. Although the high end market, generally speaking, is somwhat insulated from the harsh realities other price points face, it is still a tough market for many. La Jolla, is sometimes said to mean "the jewel" (from the Spanish "la joya"), however it is believed to be derived from a Native American language, that of the La Jolla band of Luiseno Indians, who inhabited the area for centuries before the arrival of the Spanish.
42,808 residents within the city of San Diego, California call La Jolla home. Population figures are imprecise because La Jolla's borders are indistinct. Generally the community's border starts at Pacific Beach to the south and extends along the Pacific Ocean shore north to include Torrey Pines State Reserve ending at Del Mar, California. La Jolla is known for distinct neighborhoods like Bird Rock, Windansea, the La Jolla commercial "village", La Jolla Shores, La Jolla Farms, Torrey Pines, and Mount Soledad. La Jolla is also home to the Scripps Institute of Oceanography and the Scripps Pier.
La Jolla has several community groups which work to unify the voice of the community. The La Jolla Community Planning Association advises the City Council, Planning Commission, City Planning Department as well as other Governmental agency as appropriate in the initial preparation, adoption of, implementation of, or amendment to the General or Community Plan as it pertains to the La Jolla area. The non-profit La Jolla Town Council organization represents the interests of the La Jolla businesses that belong to the Council.
La Jolla, like most of Southern California, is an area of great natural beauty with a mixture of geology - sandy beaches and rocky shorelines good for a variety of outdoor activities. The area has a number of public beaches, parks, as well as shopping areas. The most compelling geographical highlights of La Jolla is its ocean front, where residents and visitors can enjoy the alternating rugged and sandy coast line and view wild seal congregations. Popular sandy beaches, dotting the coastline from the south to the north, are:
The real estate market consitions report is below. I noted that the two least expensive quartiles reflect that you get a a similar sized property for a lot less money. The market action index is also trnding down whihc means this area still offers great deals on the buy side! For Market reports in any area of San Diego, just e-mail me.
Did you know that pop-punk band Blink-182 was spawned in Poway? How about the fact that Poway eighth-grader Anurag Kashyap became the 2005 National Spelling Bee Champion after winning on the word "appoggiatura"? And who could forget the reality TV show, Family Plots, a show that followed the ongoing events and the eccentric employees that work at the family-run Poway Bernardo Mortuary in Poway. It ran for two seasons on the A&E Network. Notable Poway residents include:
Now that the little known facts are our of the way, let's look at the Poway real estate market. Possibly poised to become one of the few local San Diego County markets to revert to a sellers market, Poway offers a unique blend of suburban and rural living. Think, "Horse country in the City". With housing for everyone, and great local schools, it is a perfect place to call home. The Poway Unified School District is recognized as one of the best school districts in the state. Folks come from all over so their kids can attend Poway schools. And of course owning real estate in a great school district helps maintain a solid resale value.
Below is the current Poway Real Estaste Market report. I would be happy to supply you with additional information on Poway or any otehr area of San Diego County.
San Diego's S. Bay community of Chula Vista, the 2nd largest city in San Diego County, has recently made headlines for more than housing news. The San Diego Chargers are exploring a new stadium in Chula Vista, looking at two potential sites aimed at keeping the Chargers in the San Diego region. Coors Brewing just announced it is not continuing their sponsorship of the outdoor concert venue located just east of 805 near the Olympic Training Center. A new sponsor is to be named shortly and the summer concert season is expected to go on as planned. That brings us to housing. Chula Vista, with it's distinct housing market that is split in half by the 805 freeway offers something for everyone.
West of 805 you will find an abundance of older well established neighborhoods offering everything from entry level housing to high end historic properties. East of 805 you will find the new communities of Eastlake, Otay ranch, Rolling Hills Ranch and more. These master planned communties offer lots of amenities like recreation areas, hiking trails, community pools, etc. The eastern half of Chula Vista also seems to be the area hit hardest by short sales and foreclosures. While that is certainly not welcome news, it does create affordable housing opportunities for those looking to buy a newer home in a great area. Chula Vista is a diverse community and because of the proximity to the border it has a lot to offer its citizens. See below for the most recent Market Conditions Report for the entire Chula Vista area. If you want a report for a specific zip code, just let me know.
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