San Diego Real Estate Search
San Diego Real Estate
Real Estate is one of five strategic activity areas of the Port of San Diego. The Port currently administers approximately 400 separate tenancy agreements. Revenue from real estate assets and developments, primarily building and ground rents and concession fees, was approximately $62 million in FY 2001-2002. The Port of San Diego collects rents from many hotels, restaurants, parking facilities, yacht clubs, etc. around the San Diego Bay.
Prior to 2006, San Diego experienced a dramatic growth of real estate prices, to the extent that the situation was sometimes described as a "housing affordability crisis". Median house prices more than tripled between 1998 and 2007. According to the California Association of Realtors, in May 2007, a median house in San Diego cost $612,370. Growth of real estate prices has not been accompanied by comparable growth of household incomes: Housing Affordability Index (percentage of households that can afford to buy a median-priced house) fell below 20% in early 2000s. San Diego metropolitan area had the second worst median multiple (ratio of median house price to median household income) of all metropolitan areas in the United States. As a consequence, San Diego had experienced negative net migration since 2004, with significant numbers of people moving to Baja California and Riverside county, with many residents commuting daily from Tijuana, Temecula, and Murrieta, to their jobs in San Diego. Others are leaving the state altogether and moving to more affordable regions.
From 2005 to 2007, San Diego experienced more than a 15% decline in real estate prices, which continued to accelerate into 2008. The two-year drop already experienced is worse than the four-year period between June, 1992, and November, 1996, when the region experienced an 11.8% decline in housing prices.[citation needed] Much of the decrease is blamed on the speculative attitude of investors in the early 2000s, who bought much of the available real estate, hoping to "flip" it for a large profit shortly thereafter, and the availability of "stated income" and other "exotic" loans available. When the decline hit, and adjustable-rate mortgages (ARMs) adjusted, many investors simply abandoned their properties, and areas that recently experienced double-digit annual increases in property value, such as San Diego, Los Angeles, Miami, and Las Vegas were hit the hardest. In the first quarter of 2008, the number of foreclosures repossessed by banks exceeded the number of home sales.
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San Diego Real Estate
$599,950
6666 Hillgrove, Del Cerro
Beautiful one level house in the heart of desirable Del Cerro in a Cul-de-sac. First time on the market after 30 years. Bright and airy living room, dining room and famil...
- Beds 4
- Baths 3.0
- MLS 130030387
$699,900
18618 Lancashire, Rancho Bernardo/Sabre Springs/Carmel Mt Ranch
Beautiful remodeled 3 bedroom 2 bath, 2 car garage with gorgeous views!! Amazing kitchen with granite countertops, dark cabinetry, new appliances, island with build in w...
- Beds 3
- Baths 2.0
- MLS 130029537
$987,000
1312 Missouri, Pacific Beach/Mission Beach
Great home with over 2100sqft on a quiet street in Pacific Beach. Chef's kitchen features: large island with granite countertops & backsplash. Home has 2 bedrooms along...
- Beds 4
- Baths 2.0
- MLS 130029114
$3,500,000
472 3rd, Downtown
Welcome to 472 Third Ave & 275 Island Ave, Dynasty Lofts. A San Diego Loft offering the best in urban living and the Downtown experience. Conveniently located-walking dis...
- Beds –
- Baths –
- MLS 130028847
$5,499,000 ▼
645 Front Unit #2201, Downtown
Sensational 2 story penthouse on 22nd floor of the popular North Renaissance tower. Dramatic two story living room with mezzanine. Soaring windows of glass, Spacious wrap...
- Beds 4
- Baths 5.0
- MLS 130016889
- Bldg. The Renaissance
$1,100,000
533 LA COSTA, Encinitas
Traditional sale...unique single level home located within walking distance to the beach.house sits on an oversized .75 acre flat lot on a gated community of only 4 homes...
- Beds 4
- Baths 3.0
- MLS 130012460
$739,000
1005 Concord, Point Loma (Pt Loma)
Beautiful 3 bedroom, 2 bathroom home in Point Loma! Home features hardwood flooring, a pool in the backyard, and granite countertops. Addtional features include amazing v...
- Beds 3
- Baths 2.0
- MLS 130010148
$799,500
4425-4427 Euclid, Talmadge/San Diego Central
Ideal for clients who are in medical field with private practices. Front building #4427 is being used as a chiropractor office. It has 5 rooms and a half bath. Unit #4427...
- Beds –
- Baths –
- MLS 130002421
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