Real Estate in San Diego and Market News Updates
San Diego Real Estate Market Overview
In San Diego County, the blissful, Mediterranean climate allows for year-round outdoor living whether you want to sip coffee at a sidewalk cafe in a historic district or take in breathtaking views while hiking the rocky cliffs of Torrey Pines. San Diego County, California has 4,210.5 square miles of land area and is the 9th largest county in California by total area. San Diego County, California is bordered by Imperial County, California, Orange County, California, and Riverside County, California. (See San Diego County census data here: https://data.census.gov/profile/San_Diego_County,_California?g=050XX00US06073)
In San Diego County, the blissful, Mediterranean climate allows for year-round outdoor living whether you want to sip coffee at a sidewalk cafe in a historic district or take in breathtaking views while hiking the rocky cliffs of Torrey Pines. San Diego County, California has 4,210.5 square miles of land area and is the 9th largest county in California by total area. San Diego County, California is bordered by Imperial County, California, Orange County, California, and Riverside County, California. (See San Diego County census data here: https://data.census.gov/profile/San_Diego_County,_California?g=050XX00US06073)
As of October 2024 (Source: https://www.realtor.com/realestateandhomes-search/San-Diego_CA/overview)
- $946,500Median Listing Home Price
- $721Median Listing Home Price/Sq Ft
- $924,000Median Sold Home Price
ABOUT SAN DIEGO
Early San Diego
The first inhabitants arrived at least 10,000 years ago. They lived off the land and fished off the coast. Explorer Juan Rodríguez Cabrillo encountered the bay and called it "closed and a very good port." Alonzo Horton likened the setting to a "Heaven on Earth" - "It seemed to me the best spot for building a city I ever saw" - and he proceeded to move the center from Old Town to today’s downtown in 1867.
"This mountainous region is full of charming valleys, and hidden among the hills are fruitful nooks capable of sustaining thriving communities," essayist Charles Dudley Warner wrote of San Diego in 1890.
Its 4,526 square miles encompass one of the richest habitats in the nation with multiple climate zones and an abundance of plants and animals, including about 200 endangered and threatened species, the most of any county in the nation.
The region’s 18 cities and countless neighborhoods are nestled among the many mesas and valleys, divided by freeways, forests and (often dry) river and creek beds. Sometimes it’s just a community sign that divides one place from another. But every place has its park, landmark or favorite hangout that sets it apart.
The first inhabitants arrived at least 10,000 years ago. They lived off the land and fished off the coast. Explorer Juan Rodríguez Cabrillo encountered the bay and called it "closed and a very good port." Alonzo Horton likened the setting to a "Heaven on Earth" - "It seemed to me the best spot for building a city I ever saw" - and he proceeded to move the center from Old Town to today’s downtown in 1867.
"This mountainous region is full of charming valleys, and hidden among the hills are fruitful nooks capable of sustaining thriving communities," essayist Charles Dudley Warner wrote of San Diego in 1890.
Its 4,526 square miles encompass one of the richest habitats in the nation with multiple climate zones and an abundance of plants and animals, including about 200 endangered and threatened species, the most of any county in the nation.
The region’s 18 cities and countless neighborhoods are nestled among the many mesas and valleys, divided by freeways, forests and (often dry) river and creek beds. Sometimes it’s just a community sign that divides one place from another. But every place has its park, landmark or favorite hangout that sets it apart.
San Diego is California's Second-largest City
Source: https://www.sandiego.org/articles/about-san-diego-ca.aspx
California's second-largest city and the United States' eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities, including downtown's historic Gaslamp Quarter, Little Italy, Coronado, La Jolla, Del Mar, Carlsbad, Escondido, La Mesa, Hillcrest, Barrio Logan and Chula Vista just to name a few.
San Diego is renowned for its idyllic climate, 70 miles of pristine beaches and a dazzling array of world-class family attractions. Popular attractions include the world-famous San Diego Zoo and San Diego Zoo Safari Park, SeaWorld San Diego and LEGOLAND California. San Diego offers an expansive variety of things to see and do, appealing to guests of all ages from around the world.
In San Diego's East County, the terrain varies from gentle foothills to mile-high mountains and the historic mining town, Julian, down to the 600,000-acre Anza-Borrego Desert State Park, offering nature-conscious visitors endless opportunities to hike, camp, fish, observe wildlife and much more. In San Diego's North County, the agricultural community produces quantities of flowers and magnificent produce. Wine growers are also making a mark by growing and harvesting quality grapes that become excellent wines, which are served at some of the most elegant restaurants and resorts in the region. Along the west, 70 miles of Pacific Ocean coastline not only supports year-round outdoor recreation, such as surfing, boating, sailing and swimming, but also important scientific research at the Scripps Institution of Oceanography. To the south, it's a whole different country, Mexico, featuring its own cultural offerings in various towns along the border and coastline, including Tijuana, Rosarito and Ensenada.
San Diego's arts and culture and culinary arts are booming. The hottest, new culinary arts talents prepare award-winning meals throughout the region's 6,400 eating establishments. Balboa Park, the largest urban cultural park in the U.S., is home to 15 museums, numerous art galleries, beautiful gardens, the Tony Award-winning The Globe Theatres and the world-famous San Diego Zoo.
San Diego County also features 92 golf courses and a variety of exciting participatory and spectator sports, beachfront resorts and luxury spas, gaming, a dynamic downtown district, annual special events and unique holiday offerings, multicultural festivals and celebrations, colorful neighborhoods and communities, a rich military history and much more.
The most difficult decision to make regarding a vacation to San Diego is determining what to do and see among the region's vast and diverse offerings. San Diego County promises a truly remarkable vacation experience for everyone.
Source: https://www.sandiego.gov/economic-development/sandiego/facts
With its warm, year-round climate, 50 miles of sun-soaked coastline and world-famous attractions, San Diego is a top tourist destination. But this Southern California metropolis with a laid-back vibe is also home to cutting-edge businesses in life sciences, genomics, biotechnology, telecommunications, Smart City technology, software, electronics and other major innovative industries.
Source: https://www.sandiego.org/articles/about-san-diego-ca.aspx
California's second-largest city and the United States' eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities, including downtown's historic Gaslamp Quarter, Little Italy, Coronado, La Jolla, Del Mar, Carlsbad, Escondido, La Mesa, Hillcrest, Barrio Logan and Chula Vista just to name a few.
San Diego is renowned for its idyllic climate, 70 miles of pristine beaches and a dazzling array of world-class family attractions. Popular attractions include the world-famous San Diego Zoo and San Diego Zoo Safari Park, SeaWorld San Diego and LEGOLAND California. San Diego offers an expansive variety of things to see and do, appealing to guests of all ages from around the world.
In San Diego's East County, the terrain varies from gentle foothills to mile-high mountains and the historic mining town, Julian, down to the 600,000-acre Anza-Borrego Desert State Park, offering nature-conscious visitors endless opportunities to hike, camp, fish, observe wildlife and much more. In San Diego's North County, the agricultural community produces quantities of flowers and magnificent produce. Wine growers are also making a mark by growing and harvesting quality grapes that become excellent wines, which are served at some of the most elegant restaurants and resorts in the region. Along the west, 70 miles of Pacific Ocean coastline not only supports year-round outdoor recreation, such as surfing, boating, sailing and swimming, but also important scientific research at the Scripps Institution of Oceanography. To the south, it's a whole different country, Mexico, featuring its own cultural offerings in various towns along the border and coastline, including Tijuana, Rosarito and Ensenada.
San Diego's arts and culture and culinary arts are booming. The hottest, new culinary arts talents prepare award-winning meals throughout the region's 6,400 eating establishments. Balboa Park, the largest urban cultural park in the U.S., is home to 15 museums, numerous art galleries, beautiful gardens, the Tony Award-winning The Globe Theatres and the world-famous San Diego Zoo.
San Diego County also features 92 golf courses and a variety of exciting participatory and spectator sports, beachfront resorts and luxury spas, gaming, a dynamic downtown district, annual special events and unique holiday offerings, multicultural festivals and celebrations, colorful neighborhoods and communities, a rich military history and much more.
The most difficult decision to make regarding a vacation to San Diego is determining what to do and see among the region's vast and diverse offerings. San Diego County promises a truly remarkable vacation experience for everyone.
San Diego Key Facts and Figures
Source: https://www.sandiego.gov/economic-development/sandiego/facts
With its warm, year-round climate, 50 miles of sun-soaked coastline and world-famous attractions, San Diego is a top tourist destination. But this Southern California metropolis with a laid-back vibe is also home to cutting-edge businesses in life sciences, genomics, biotechnology, telecommunications, Smart City technology, software, electronics and other major innovative industries.
Here's why San Diego is a great place to live and work:
- Rated No. 4 among Top Life Science and Biosciences locations (Jones Lang LaSalle 2015)
- 14 advanced industries produce $42.1 billion and pay $116,600/year on average (Brookings Institution)
- Rated No. 1 in concentration of military/defense assets in the world (San Diego Military Advisory Council)
- Rated No. 2 as the Most Inventive City in the World (Forbes 2013)
- Global connections with direct flights to Tokyo, London and Shanghai (Map attached)
- No. 1 most-patented Sports and Active lifestyle sector with 1,200-plus companies in the region (San Diego Regional EDC)
- Home to University of California San Diego (UCSD), ranked No. 3 public university in the United States, No. 17 in the world (World University Rankings 2016)
- Ranked No. 1 for lowest average commute times among peer cities (Talent, Where San Diego Stands, 2016)
- Selected as one -- and the only North American -- city named among National Geographic’s “World Smart Cities” (2015)
- Called “Best Place to Launch a Startup” (Forbes 2014)
- Had record-breaking 2016, attracting 34.9 million visitors who spent an all-time-high $10.4 billion and supported a tourism sector of 183,000 jobs (San Diego Tourism Authority 2016)
- 80-plus educational and research institutes in the region
Base Sectors
The following four base sectors constitute the backbone of San Diego's economy:
- International Trade
- Manufacturing
- Military
- Tourism
- Education
Several school districts serve San Diego, the San Diego Unified School District being the second largest in California.
- 335 private schools throughout the City of San Diego.
- About 369,878 people in San Diego are enrolled in school, from nursery school to graduate or professional school.
- 17 percent of San Diegans have a graduate-level or higher degree, while 42.3 percent of San Diegans, older than age 25, have at least a bachelor's degree.
- Almost half (49.9 percent) of San Diegans, older than age 25, have at least an associate's degree while 87.3 percent of San Diegans, older than 25, have at least a high school diploma.
Population
Population Statistics for the City of San Diego
- The median age of San Diego's population is 34.9, with 25 percent of its residents younger than 20 and only 12 percent older than 64, according to SANDAG.
- With more than 1.37 million people, San Diego is the eighth-largest city in the United States and the second-largest in California.
- More than 100 languages are spoken by San Diego residents who have come from all parts of the world to live here.
Coronado
History: The city grew up around the Hotel del Coronado, which opened in February 1888, less than three years after developers bought the land. Well-heeled visitors flocked to the hotel, and those with less means took up residence in Tent City, a makeshift summer community that operated from 1900 to 1939. Coronado is also known as a Navy town with the adjacent North Island Naval Air Station. It was here that aviation pioneer Glenn Curtiss experimented with seaplanes and opened a flight school for the U.S. military, earning North Island the title of “Birthplace of Naval Aviation.”How it got its name: The “island” was originally called Peninsula de San Diego by the Spanish. Elisha Babcock and company held a naming contest after they bought the land. The winner, Miramar, was deemed too foreign, so the developers looked to the nearby Coronado Islands for a name. Spanish explorer Sebastian Vizcaino’s priest named those islands for Christian martyrs. Its nickname is Crown City.
Landmarks: While the Del is the crown jewel of the Crown City, Coronado’s beaches consistently rate among the top 10 in the nation. The Coronado Ferry makes for a nice ride to downtown San Diego.
Hotel Del: Coronado is home to the famous Hotel del Coronado, built in 1888 and long considered one of the world's top resorts. It is listed as a National Historic Landmark and has hosted many notable guests, including: the American presidents George H. W. Bush, Jimmy Carter, Bill Clinton, Gerald Ford, Lyndon B. Johnson, Richard Nixon, Ronald Reagan, Franklin D. Roosevelt, and William Howard Taft, as well as Muhammad Ali, Jack Dempsey, Thomas Edison, Magic Johnson, Charles Lindbergh, Willie Mays, and Babe Ruth.
Famous actresses, Mary Pickford and Marilyn Monroe also stayed there.
"The Del" has appeared in numerous works of popular culture and was supposedly the inspiration for the Emerald City in The Wonderful Wizard of Oz.
Notable locals: “The Wizard of Oz” author L. Frank Baum wrote several sequels to his famous book while wintering here. And popcorn king Orville Redenbacher spent his final years in Coronado.
