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Low Income Housing Coming Soon to San Diego

April 1, 2013 by  
Filed under Local News

The groundbreaking for a 77 unit affordable housing complex named Mesa Commons Apartments in the College neighborhood is close at hand. The development will cost $25.1 million and will sit on 4 acres.

The community will be for families that are between 30% and 60% of the median income, which is between $24,200 to $48,360 for a household of four. The housing complex will be located on El Cajon Boulevard near Choctaw Drive

The project developer, Palm Communities based in Irvine, stated the apartments will offer sustainable features including energy efficient appliances and within walking distance of a public park.

Mesa Commons Apartments is scheduled to open May 2015, according to Palm Communities’ website.

Other features residents can enjoy include picnic areas, tot lots, computer room, and fitness center.

The funding for the project has not been finalized at this time.

Negotiations for how to bring more housing to low income families in San Diego County is ongoing since the state axed redevelopment agencies that funded the affordable housing projects across the state. The elimination of these agencies was a way for the state to address the state’s deficit.

StoneRidge Club in Poway to be Sold

March 29, 2013 by  
Filed under San Diego Real Estate News

The StoneRidge County Club in Poway has been foreclosed upon and will be placed up for auction on April 17.
Recently a legal notice was published that stated the property is being sold for the sole purpose to pay off obligations secured by the Deed of Trust and that the [...] Continue Reading…

Viejas Hotel at Viejas Resort & Casino Grand Opening

March 19, 2013 by  
Filed under Local News

The Ribbon Cutting and Grand Opening for Viejas Hotel at Viejas Casino & Resort, which will be San Diego County’s newest luxury hotel on March 21, at 6pm. All are invited including the public to this event that will also provide a glimpse of the world premiere of Rise, [...] Continue Reading…

To Buy or Not To Buy?

March 19, 2013 by  
Filed under Home Buyer Tips

Most Americans considering owning their own home as part of the American dream, however, with so much in uproars today from the economy to ObamaCare, no one knows what tomorrow may hold, so many are still waiting or rethinking that part of the dream. Rental properties are still on [...] Continue Reading…

San Diego Real Estate Climate

March 11, 2013 by  
Filed under San Diego Real Estate News

At a recent real estate conference, held at the University of San Diego experts stated that the short-term growth is still slow for national economies and San Diego.
Organizers of the conferences stated they had around 700 in attendance at the 17th annual conference, which was held at the [...] Continue Reading…

Substantial Interest in Hospice Property

March 10, 2013 by  
Filed under General

Substantial interest has been seen in the San Diego Hospice’s bluff top property in Hillcrest, according to the real estate broker marketing company concerning the 8-acre parcel. The bankruptcy auction is scheduled for April 30.
Doug Lozier, a real estate broker for Studley Commercial Tenant Advisors, stated, "I think [...] Continue Reading…

California Home Inventory Low

March 7, 2013 by  
Filed under San Diego Real Estate News

A report from Zillow that was just released by the Seattle based data tracker showed that Sacramento home inventory is the lowest of the low.
The number of homes that were listed for sale in the Sacramento area via Zillow decreased 48% year over year in the later part [...] Continue Reading…

San Diego apartments growing in popularity

March 5, 2013 by  
Filed under San Diego Real Estate News

The majority of economic indicators in San Diego County are moving at a pace that is acceptable. The population is of course growing and in 2012, the county gained around 20,000 new jobs. The future for 2013 looks like it will be about the same if not better. The [...] Continue Reading…

January San Diego Real Estate Market

February 27, 2013 by  
Filed under San Diego Home Sales

The HomeDex Report for January 2013 was released recently.
The median price for attached and detached homes in North County home sales declined to $410,000 in the month of January 2013 when compared to $425,000 in December of 2012.
Detached homes declined 5.01% in January to $465,000 in North County [...] Continue Reading…

The future in real estate San Diego Development

February 26, 2013 by  
Filed under San Diego Real Estate News

In San Diego County, there is a lack of available land according to professional during a real estate meeting, which is changing the forms of commercial development.
Gary London, a speaker at the London Group meeting at the Hilton Garden Inn in the Carmel Valley area and president of [...] Continue Reading…