This week we wanted to show what is happening in the coastal markets . . . or rather a tale of TWO markets. There is the “before” and the “after”. It is very common to see an original home from the 1950-1960’s sell in the $1M-$1.2M and next door have a brand new rebuild sell for $2.2M-$2.5M or whatever the respective range is for each neighborhood. Given this trend toward gentrification and redevelopment there isn’t much inventory in the middle. That is why it is important to understand the market and what is happening in your neighborhood to see where the value lies. It is not that the 1,200 foot cottage at the beach is worth $1,100,000. It is that the land is worth $1 million because the potential of the property when it’s rebuilt. The demand for the new build homes on the coast is quite high and driving the value of the rest of the market. Who wouldn’t want the amenities of a nice new home with the lifestyle of the beach. With that being said – we have three examples of nice new homes in Point Loma and Pacific Beach and one great “already loved” family home in La Jolla.

If this is of interest, let us know. We know of many of these project well before they ever come on the open market. Call to arrange showings of these or any others.

3531 Carleton Street – $2,200,000 Point Loma (Fleetridge) Incredibly well done, single story family home with great indoor/outdoor living.  Move in ready!

3627 Bayonne – $2,200,000 Pacific Beach (Crown Point) Another nice Tourmaline Properties home.  They do a great job with layouts and floorplans to meet modern living. This will be completed in July but can be shown put under contract.  Two blocks to the bay, this is a great lifestyle home.

3451 Bayonne – $2,499,000 Pacific Beach (Crown Point) This is just two blocks away from the other one (above), and shows how much of this redevelopment is happening. This was completed in 2016 with a more modern design that also utilizes the indoor/outdoor living.

5979 Via Zurita – $2,495,000 – La Jolla Alta Single-level home, resting on a flat, half-acre parcel, boasting a large pool & spa with nice landscaping