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Fewer homes, higher prices
Hot homes in a slow, San Diego housing market
Owning this home means owning a piece of San Diego history.
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Photo via Michael Beausoleil + SDtoday
We’re happy to call San Diego home, and from the looks of it, locals aren’t looking to leave. Current housing trends show that fewer people are looking to sell their homes, and that’s making home prices move up.
In May 2023, Redfin reported the number of home listings had declined by 7.1% annually in the US — but that drop was much greater in America’s Finest City. That same month, San Diego’s listings were 34% lower than in May 2022.
Real estate experts believe rising mortgage rates have discouraged many homeowners from selling. As of July 13, 2023, a 30-year, fixed-rate mortgage was 6.96% according to FreddieMac, up from 5.51% on July 14, 2022. Yet home sale prices increased in San Diego — up 2% from March to April due to the low inventory on the market. However, prices are still down 5.6% compared to April 2022.
Despite this pattern, we can’t help but look and see what the market has to offer. Here are three hot homes we can’t stop dreaming about.
The outside views are just as dazzling as the interior.
This 3 BD 3 BA high-rise condo with rooftop amenities and a private balcony with views of San Diego Bay and the city skyline — priced at $3.5 million.
From the front, this 4 BD 4 BA Mission Hills home has a classic, formal appearance, but you’ll be able to unwind in its backyard pool and spa — priced at $4.25 million.
This 4 BD 2.5 BA Victorian home in Bankers Hill is one for the history books. It’s listed in the National Register of Historic Places and still has many of the features from its original 1889 build. This piece of San Diego history is listed for $6.5 million.
Events
Wednesday, July 19
Randi Driscoll | Wednesday, July 19 | 6 p.m. | Humphreys Backstage Live, 2241 Shelter Island Dr., San Diego | $10 | The University of San Diego alum performs her festive “Jingle in July” show.
“Pippin” | Through Sunday, Aug. 13 | Times vary | North Coast Repertory Theatre, 987 Lomas Santa Fe Dr., Ste. D, Solana Beach | $57-$68 | This musical follows King Charlemagne’s first son as he yearns to find passion, adventure, and fun.
American Me Comedy | Wednesday, July 19 | 8-10:30 p.m. | The Comedy Store, 916 Pearl St., La Jolla | $20 | A diverse collection of comedians perform in support of The Randy Jones Foundation.
Thursday, July 20
Madhatter Twisted Tea Party | Thursday, July 20 | 5-8 p.m. | Mavericks Beach Club, 860 Garnet Ave., San Diego | $40 | Party with a purpose: Enjoy live music, games, food, drinks, and raffles in support of Shoreline Community Services.
La Mesa Classic Car Show & Music Event | Thursday, July 20 | 5-8 p.m. | Downtown La Mesa, 8393 La Mesa Blvd. | Free | This is the coolest community event with four wheels, with live music this week from Whiskey Ridge.
Friday, July 21
Christmas in July Celebration | Friday, July 21-Monday, July 31 | 10 a.m.-6 p.m. | Sesame Place San Diego, 2052 Entertainment Circle, Chula Vista | $63-$70 | The calendar says it’s summer, but this event says otherwise with snowy celebrations on sunny days, Cookie Claus, and decorations.
Jimmy Eat World & Manchester Orchestra | Friday, July 21 | 7 p.m. | Petco Park, 100 Park Blvd., San Diego | $40-$42 | Get yourself right in “The Middle” of “The Amplified Echoes Tour” at the ballpark.
Saturday, July 22
“My Brother My Brother and Me” | Saturday, July 22 | 7 p.m. | Balboa Theatre, 868 Fourth Ave., San Diego | $40 | The McElroy brothers host their advice-centric podcast live.
Borrego Springs will now be served by San Diego County Fire, aided by 14 new team members from the Borrego Springs Fire Protection District. Borrego Springs Fire Station 60 will remain open to ensure fast response times and continue serving as an Advanced Life Support Station.
Environment
San Diego County received $25 million in funding to be used for environmental mitigation programs in Otay Ranch Village 14. The money resulted from a settlement that alleged taxpayer dollars were unlawfully diverted to build a wall at the US-Mexico border. (Times of San Diego)
Development
San Diego secured $10 million in state funding for projects in the South Bay. The money will primarily support the construction of affordable, transit-focused housing near the Palm Avenue trolley station. Other projects include the conversion of alleys into bike paths and rent-to-own housing opportunities for San Ysidro residents. (Times of San Diego)
Community
Carlsbad is inviting locals to provide feedback on the future use of the 11.2-acre Robertson Ranch Park. There will be an in-person meeting at Fire Station 3 on Tuesday, Aug. 8, and a virtual meeting Wednesday, Aug. 9 — both 6-7:30 p.m.
Open
Big flavors are coming to Normal Heights at Bica — which means “little cafe” in Portuguese — from local chefs Charles Knowles and Manny da Luz. The new breakfast and lunch restaurant serves coffee, pastries, sandwiches, and fresh seafood from local vendors, with plans to offer dinner in the future. (Eater San Diego)
Number
177,716. That’s how many green bins the city of San Diego has given locals to support organic waste recycling law SB 1383. The city says the program’s rollout is nearly complete, and it’s also distributed 235,056 small caddies for locals to store in their kitchens. (ABC 10)
Edu
UC San Diego received $1.5 million from Eugene Jhong to study the effects of N,N-dimethyltryptamine — aka DMT, one of the most powerful known psychedelics. With the funding, the university launched the Psychedelics and Health Research Initiative to study DMT’s biological and psychological impacts on humans. (UC San Diego Today)
Award
The Pacific Coast Builder’s Conference recently honored Del Mar Highlands Town Center with a 2023 Gold Nugget Grand Award for the best commercial property. The distinction touts the property’s vibrant, memorable, and experimental design after it underwent a redevelopment project that was completed in 2021. (PR Newswire)
It’s Drink Up Month, and we’ll let you in on a secret… or 13. If you’re looking to step out of your comfort zone (perhaps into a picture frame), check out these local speakeasies — and because we can’t keep a secret, we’re going to clue you in on how to find them.
This restaurant has than we Xpected.
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Photo via Lime in the Coconut and Pedro Torres Photography
Enter: One of the photos at Beehive Balcony is not like the other.
This year, Beehive Balcony landed in La Jolla, but people are buzzing about its speakeasy “The Hive,” where the drinks and honey are flowing. Make a reservation to check it out and head to its Instagram for the password.
Contemplating an e-bike purchase? Upway — the No. 1 certified e-bike provider — sells top-quality electric bikes up to 60% cheaper than retail.
Eat
Slice and serve your favorite meats + cheeses on this sleek yet durable maple wood cutting board. Bonus: It’s preconditioned with beeswax, linseed, and lemon oil.
Travel
Don’t get stuck paying those pesky airline fees with a bag that exceeds the weight limit. Use this portable luggage scale to save time + money.
Good morning, San Diego. Has anyone seen “Yellowjackets” on Showtime? I’m in the middle of watching it (no spoilers, please), and it looks like Maryjane’s Diner at the Hard Rock Hotel in the Gaslamp Quarter has been taken over by the show. Needless to say, the cool wraps and promos are one of my favorite parts about Comic-Con, and they’re entirely free to view.
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