If you are looking for a luxury home in California, you may find it unbelievable that prices in the San Diego area are less than what you will find in Los Angeles or San Francisco and prices have even dropped lower recently.
In 2012, the price of luxury homes in the San Diego area dropped by 1.4% even though there were gains in Los Angeles and San Francisco Bay area as reported by a survey published by First Republic Bank.
In San Diego, the median price of $1.64 million was the figure seen for luxury homes according to the report, First Republic’s Prestige Home Index. The bank noted that comments from real estate agents in the area said that during the holidays a slow down occurred in the San Diego market but that at the beginning of the year interest picked back up.
The real estate market in San Diego includes Solana Beach, Rancho Santa Fe, San Diego, La Jolla, Encinitas, La Mesa, Carlsbad, Coronado, Poway, and Del Mar.
When the San Diego real estate market is compared to homes in San Francisco, luxury homes increased 8.4% to $2.73 million and a 4.4% rise to $2.06 million in Los Angeles.
Katherine August-deWilde, the bank’s president and CEO stated, "Growing demand from buyers, low mortgage rates and a lack of inventory continued to put upward pressure on values. Multiple offers are common in many high-end neighborhoods as buyers compete for a small number of attractive properties."
The largest increases in Los Angeles and San Francisco were mainly due to the low inventory in the area.
According to the report, luxury homes are those that have a value of least $1 million featuring 3,000 to 6,000 square feet with 3 to 6 bedrooms and 3 to 6 bathrooms.
If you are looking for a luxury home in the San Diego area, now is a great time to buy before prices go up like other areas in California, contact a professional Realtor today at 888-865-5055
Solana Beach is one of those little known secrets that offer residents the opportunity to enjoy the beach, the beauty, and the serene atmosphere. The only difference between Solana Beach and other beaches in North County is that the beach is often up against a cliff; however, Solana Beach makes it possible by the way, of stairs to reach the beach without any trouble at all, creating an even more secluded feel.
Taking the different staircases to the beach can be quite an adventure, as each one will lead to a new location. You may find yourself on a secluded beach or one where you can watch fishermen, keep on eye on the waves for surfers, or build a sand castle on a family beach.
The main areas of Solana Beach often frequented by residents include Seaside, which is a surfer’s dream, Tide Beach for those that love sand and reef, Fletcher Cover another great spot for surging, and Seascape Surf Beach and Del Mar Shores are great for relaxing on the beach.
Solana Beach Art
For those that want more than just visiting the beach will love what Solana Beach is famous for, the artwork.
A new metalwork sculpture by Amos Robinson has a new home in Solana Beach. His sculpture, "Love My Bike" now has a permanent home on the corner of Cedros Avenue and Rosa Street.
Amos Robinson explained that he remembers the first time he rode his bike as a child, with the wind blowing through his hair. Yes later he dreamed about this experience and hurriedly went to his studio to recreate the look and exhilaration he felt as a child.
"I’m a dreamer," Robinson said. "When I dream something I put it together right away, sometimes without even measuring anything."
This is the dream behind the new metalwork he installed at the above location on March 30.
Sean MacLeod, developer at South Cedros Associates, who commissioned the larger-than-life installation stated, "Public art represents a community’s spirit and offers a sense of pride, bringing people together."
The design is Robinson’s rendition of a person on a bike with their hair blowing in the wind, which he calls, "reflective kinetics," meaning the sculpture moves "like a windmill in the wind and reflects off its metal surface the surrounding scenery".
You can find other sculptures created by Robinson at the Wolfstein Sculpture Parks at Scripps Memorial Hospital in La Jolla and Encinitas, the Manpower corporate office in downtown San Diego and at Tidelands Park in Coronado.
To learn more about the advantages of living in Solana Beach contact the San Diego Real Estate experts that can show you all the available Solana Beach Homes from the San Diego MLS toll free today at (888) 865-5055!