CBW Home Simplicity: June 2021 Edition

JUNE 2021

Americans See

homeofthemonth

real estate

7235 CARRIZO DRIVE | LA JOLLA

as a Better Investment Than Stocks or Gold

COASTAL SPANISH-CLASSIC RESIDENCE WITH STUNNING OCEAN VIEWS

LIVING LARGE Supersized Luxury Homes

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YOUR LUXURY

CORONADO CAYS

5 BR | 4 FULL + 2 HALF BA | 6,451 ESF

Exclusive, architecturally designed bayfront masterpiece situated in Cays premier.

The sophisticated yet practical design complements unrivaled views of San Diego.

MLS# 210001616

$7,499,000

LA JOLLA

6 BR | 4 FULL + 2 HALF BA | 5,375 ESF

Gorgeous Mediterranean luxury residence with panoramic ocean views and amazing finishes, located in highly desirable Bird Rock.

MLS# 210013822

$6,995,000

H O M E A WA I T S | C O L D W E L L B A N K E R L U X U R Y . C O M

LA JOLLA

6 BR | 4.5 BA | 8,236 ESF

This canyon-side, gated, modern Mediterranean estate presents an unobstructed ocean-view paradise and is located in the desirable Muirlands enclave.

MLS# 210013174

$6,995,000

EAST VILLAGE

4 BR | 4 BA | 2,271 ESF

Completed in 2016, this sleek unit features high-end finishes & appliances, modern design, and panoramic views of downtown San Diego, Coronado, and Bay Bridge.

MLS# 210011237

$6,498,999

YOUR LUXURY

SANTALUZ

4 BR | 4.5 BA | 6,428 ESF

Rare custom estate in the desirable Santaluz community, offering super indoor and outdoor living with stunning sunset, golf, mountain and ocean views!

MLS# 210011793

$3,599,000 - $3,799,000*

CORONADO

4 BR | 4 BA | 2,830 ESF

Reimagined and ready for summer! This executive home boasts a brand-new kitchen & dining space with cantina doors leading out to a private patio that is ready for entertaining.

MLS# PTP2103518

* Seller will entertain offers within the listed range.

$3,395,000

H O M E A WA I T S | C O L D W E L L B A N K E R L U X U R Y . C O M

ALPINE

4 BR | 3 BA | 2,000 ESF

Comprised of 152 acres of land, this property features a spacious residence, a separate bunkhouse, its own fresh water supply, and much more.

MLS# 210010200

$3,250,000 - $3,795,000*

MANHATTAN BEACH

4 BR | 3.5 BA | 2,050 ESF

This fabulous ocean-view home features a home office with its own entrance and parking space, plus 4 bedrooms and 2 huge balconies, all on a sunny and bright corner lot.

MLS# NDP2101960

$2,799,000

* Seller will entertain offers within the listed range.

YOUR LUXURY

MISSION HILLS

6 BR | 5 BA | 3,820 ESF

Stunning mid-century-modern-inspired home set among picturesque treetops. Luxurious amenities and an open-concept interior with expansive outdoor entertaining spaces.

MLS# 210007096

$2,798,000

MARINA DISTRICT

4 BR | 2.5 BA | 1,999 ESF

Towering 31 floors high! This fully renovated condo boasts two beautiful decks totaling nearly 600 esf, a 224-bottle refrigerated wine room, 12-foot ceilings, and secure storage.

MLS# 210008807

$2,595,000

H O M E A WA I T S | C O L D W E L L B A N K E R L U X U R Y . C O M

LA PLAYA

3 BR | 2.5 BA | 2,498 ESF

Perfectly situated at the top of Point Loma, just above the San Diego Yacht Club, offering breathtaking views of the entire San Diego Bay and the surrounding marinas.

MLS# PTP2103080

$2,490,000

LA JOLLA

3 BR | 2.5 BA | 2,000 ESF

This move-in ready home sits on a large usable lot that backs to a park, and is located just blocks from the beach and all that La Jolla Village has to offer.

MLS# 210010613

$2,375,000

ENCINITAS

5 BR | 3.5 BA | 3,226 ESF

Built in 2000, this beautiful ocean-view home is located on a double cul-de-sac street and offers vaulted ceilings, owned solar panels, and an entertainer’s dream backyard.

MLS# NDP2105457

$2,299,000

CORONADO

2 BR | 2 BA | 1,526 ESF

Enjoy resort-style living with small-town appeal in the Coronado Point community. With the ambient soundtrack of the moving bay and the soft, salty breeze, this is truly island living.

MLS# 210013714

$2,000,000

homeofthemonth

7 23 5 car rizo drive LA JOL L A

THE DETAILS: 5 BEDROOMS | 5.5 BATHROOMS | 5,150 ESF

SPANISH-CLASSIC RESIDENCE WITH

c oastal v i e ws 7 235 CAR R IZO DRIVE NEW CONSTRUCTION! Stunning California Spanish-Classic combining modern custom touches with breathtaking ocean views. A spectacular open floor plan takes advantage of the indoor/outdoor California living we all desire. The state-of-the-art gourmet kitchen flows effortlessly into the dining area, rear-covered patio, and great room. The Fleetwood doors open to a fabulous outdoor patio with spectacular views of the ocean and the golf course below.

Off the kitchen, there’s a wonderful private patio leading to the herb garden. No expense is spared, with top-tier finishes utilized at every turn, from the reclaimed French doors to the solid-slab cherrywood interior doors that show as a piece of art. Capturing the abundance of natural light that the home receives and taking advantage of the amazing ocean views was a top priority during the design process of this newly constructed masterpiece.

This property has it all – a master suite with office and private patio boasting breathtaking ocean views, 4 ensuites, lush rear yard, private pool, and an ideal location within walking distance to lovely downtown La Jolla.

EL CAJON 5 BR | 4.5 BA | 4,201 ESF

This beautiful executive-style home is located in a quiet, gated cul-de-sac and offers 5 bedrooms, 4.5 bathrooms, a huge loft, and much more.

MLS# PTP2103450

$1,879,000

LA JOLLA 6 BR | 3 BA | 2,764 ESF

Classic contemporary with cathedral ceilings, open kitchen and family room, separate dining and living room, and large master suite with balcony. Near all that La Jolla offers!

MLS# 210008463

$1,875,000

CARDIFF BY THE SEA 2 BR | 2 BA | 1,000 ESF

Beautifully upgraded condo in the Cardiff Composer District with fabulous, panoramic ocean views! Featuring a great location that’s just a short trip to the beach.

MLS# NDP2105062

$1,500,000

CARDIFF BY THE SEA 2 BR | 2 BA | 1,000 ESF

Beautifully upgraded condo in the Cardiff Composer District with fabulous, panoramic ocean views! Featuring a great location that’s just a short trip to the beach.

MLS# NDP2104969

$1,500,000

CORONADO 2 BR | 2 BA | 896 ESF

Premier end unit with 210-degree views!

Expansive 400+ SF roof deck is the ultimate place to soak up the sun and watch the world sail by, or enjoy an evening cocktail on the bay.

MLS# PTP2100036

$1,500,000

OCEAN BEACH 3 BR | 2 BA | 1,670 ESF

Stunning Tudor home located on an oversized, usable, flat corner lot! From the moment you enter you will be wowed by charm and vintage details at every turn!

MLS# 210013032

$1,500,000

CORTEZ HILL 3 BR | 2 BA | 1,615 ESF

Rarely available downtown – this unique, modern, 18th-floor luxury condo lives like a house! Huge penthouse-like wraparound terrace patio with amazing panoramic views.

MLS# 210011802

$1,499,000

MURRIETA 4 BR | 2.5 BA | 2,361 ESF

Beautiful 2.65-acre property with loads of opportunity for development. Features a large Victorian-style home with a separate 700 ESF granny flat.

MLS# 200042759

$1,495,000

CHULA VISTA 5 BR | 2.5 BA | 2,752 ESF

Beautiful single-story, mid-century-inspired home with contemporary features and a lowmaintenance yard with ample room for parties, a future pool, soccer area or more.

MLS# 210008253

$1,400,000

BAY PARK 3 BR | 2.5 BA | 1,868 ESF

Bay Park gem in a serene setting with beautiful views of canyons, Mission Bay, and beyond. Remodeled with an open floor plan and a newer kitchen, great for entertaining.

MLS# 210010314

$1,380,000

ALPINE 3 BR | 3.5 BA | 3,700 ESF

Welcome home! Just under 4,000 SF of beautiful country living in this two-story home!

Enter the property through an automatic gate with a wraparound, circular driveway.

MLS# PTP2103234

$1,300,000

BAY HO 4 BR | 2.5 BA | 2,154 ESF

This beautiful home presents a fantastic opportunity to get into a prime Bay Ho location & the chance to update this home to make it your own!

MLS# 210013175

$1,300,000

ENCINITAS 4 BR | 2.5 BA | 2,045 ESF

Offering a great beach lifestyle, this spacious 4-bedroom home sits on a beautiful corner lot across from the greenbelt, swimming pool, tennis courts, and pickle-ball courts.

MLS# NDP2105191

$1,299,000

PACIFIC BEACH 2 BR | 2 BA | 1,353 ESF

Gorgeous sought-after complex in Pacific Beach with panoramic views of Mission Bay! Easy access from parking to the condo, located just moments from the pool and bay.

MLS# 210004347

$1,295,000

LA MESA 3 BR | 3 BA | 1,922 ESF

This custom home has many upgrades and improvements throughout and sits on just over a half-acre lot, with a fully landscaped yard that is perfect for entertaining.

MLS# PTP2103453

$1,250,000

ROLLING HILLS RANCH 4 BR | 3.5 BA | 3,290 ESF

Immaculate pride of ownership! Located on a cul-de-sac, this spacious residence features beautiful finishes throughout, a fantastic floor plan, and no Mello-Roos!

MLS# PTP2103411

$1,150,000 - $1,250,000*

BONITA 4 BR | 3.5 BA | 2,862 ESF

Incredible panoramic views of the ocean, downtown San Diego, the valley, and Coronado bridge! Welcome to this stunning custom home with no neighbors behind.

MLS# PTP2103492

$1,149,900 - $1,249,900*

BAY PARK 3 BR | 2 BA | 1,481 ESF

Welcome to your oasis in the city! No expense was spared on this lovingly coddled property in the highly coveted community of Bay Park!

MLS# PTP2103471

$1,149,000

* Seller will entertain offers within the listed range.

PACIFIC BEACH 1 BR | 1 BA | 802 ESF

Breathtaking ocean and coastline views from this meticulously maintained unit! Lovely amenities include 24/7 security, pool, spa, sauna, and barbecue area on the roof.

MLS# PTP2102392

$999,900

POWAY 4 BR | 2.5 BA | 2,259 ESF

Welcome home to this beauty located at the end of a cul-de-sac! Vaulted ceilings, bright and open floor plan, 2 fireplaces, sunlit kitchen with breakfast bar, large backyard, and more.

MLS# PTP2103452

$997,900

TALMADGE 4 BR | 3 BA | 1,996 ESF

Don’t miss this beautifully updated Talmadge classic! This home has been opened up to feature an open-concept living/dining/kitchen area that leads onto the private rear patio.

MLS# 210013640

$995,000

RANCHO SAN DIEGO 3 BR | 2 BA | 2,100 ESF

A slice of country in the city. Horse property with secure chicken coop, horseshoe pit, grass volleyball, pool, mature fruit trees, and raised flower beds. 1-acre flat, usable lot.

MLS# 210013187

1

ACE METRIX SCORES 2012 - 2020

$950,000

CHULA VISTA 4 BR | 4 BA | 3,717 ESF

CARLSBAD 4 BR | 2.5 BA | 1,758 ESF

Beautiful two-story home in the sought-after Sunbow community. Spacious layout, optional 5th BR, upstairs laundry, pool with waterfall.

Blocks from shops, dining, schools & freeway.

Light and bright home with upstairs laundry and hardwood floors, located on a double cul-de-sac street in the highly desirable neighborhood of Greystone On The Park.

MLS# PTP2103313

MLS# NDP2104837

$949,000

$925,000

OCEANSIDE 3 BR | 2.5 BA | 2,189 ESF

RANCHO DEL REY 4 BR | 2.5 BA | 1,899 ESF

Offering country living and yet still close to the city! This one-of-a-kind mid-century-style home provides a spacious 1.86 acres.

Located at the end of the cul-de-sac, this turn-key beauty has no neighbors to one side and offers unobstructed views to downtown San Diego.

MLS# 210012382

MLS# PTP2103227

$899,000 - $949,000*

* Seller will entertain offers within the listed range.

$875,000

FALLBROOK 4 BR | 3 BA | 2,670 ESF

CHULA VISTA 4 BR | 2.5 BA | 1,889 ESF

Premium lot nestled in an amazing gated community in Fallbrook. This quiet cul-de-sac home features a gorgeous backyard with solar heated pool that is an entertainer’s dream.

Amazing home with custom touches throughout! Features include a remodeled kitchen with extensive maple cabinetry, a beautiful pool + spa, and a great location!

MLS# PTP2103417

MLS# PTP2103299

$849,999

$799,900 - $849,900*

EL CAJON 4 BR | 2 BA | 2,176 ESF

LA MESA 3 BR | 2.5 BA | 1,942 ESF

Location, location, location! Single-story home on a usable corner lot, featuring an open floor plan and beautiful landscaping. Close to Harry Griffith park.

Beautiful split-level home in the foothills of Mt. Helix with unique lighting, well-appointed kitchen, stone fireplace, skylights, central vac, master bath remodel, and large backyard.

MLS# PTP2103447

MLS# PTP2102661

$849,900

$829,000 * Seller will entertain offers within the listed range.

CHULA VISTA 3 BR | 2 BA | 1,487 ESF

SPRING VALLEY 3 BR | 2 BA | 1,964 ESF

Unbelievable single-story treasure loaded with over $100,000 of upgrades! Features include a remodeled kitchen and bathrooms, refinished hardwood flooring, and more.

Bright and colorful custom Mt Helix home, built by the seller in 2000. Vaulted ceilings in the open-concept living space, peaceful patio and garden, plenty of parking, and solar.

MLS# PTP2103405

MLS# PTP2103054

$749,900 - $799,900*

$799,000

ALPINE 3 BR | 2.5 BA | 2,663 ESF

BONITA 4 BR | 2 BA | 1,580 ESF

Gorgeously remodeled and spacious home with tons of living space, situated on 1.8 acres of flat usable land that includes a horse barn and corral.

Wonderful single-story home in a great Bonita location – a quiet neighborhood within walking distance to Rohr Park. This home is spacious inside and out!

MLS# PTP2103320

MLS# PTP2103341

* Seller will entertain offers within the listed range.

$799,000

$795,000

RAMONA 4 BR | 2.5 BA | 3,130 ESF

PARADISE HILLS 4 BR | 3.5 BA | 2,507 ESF

Enjoy resort-style living in this spacious home on nearly a half-acre lot. Perched high to capture spectacular mountain views & located on a quiet cul-de-sac for added privacy.

Light and bright home in newer Park Terrace community in Paradise Hills! Open layout includes living room with fireplace, dining area and spacious kitchen.

MLS# 210013895

MLS# 210013493

$774,900

$749,900

PARADISE HILLS 8 BR | 4 BA | 2,578 ESF

LAKESIDE 4 BR | 3 BA | 2,273 ESF

Rare business opportunity for the right buyers!

Positive cash flow. Grab this chance to own this licensed 6 BR residential adult care facility.

All rooms are private and occupied.

Tucked into Riverview Farms, this mid-century gem is ready to be transformed into a private Shangri-La. Two adjoining parcels totaling almost one acre are being sold together.

MLS# PTP2100103

MLS# NDP2105425

$769,000

$749,000

Supersized homes in the suburbs and highmaintenance compounds fell out of favor as people

embraced

lock-and-leave

lifestyles.

Then came the pandemic. People were confined to their homes with their families 24/7. Work, school, entertainment, fitness and everything else now had to take place under one roof.

Travel plans were shelved.

Source: Living Large (4.22.21). Coldwell Banker Global Luxury Blog. https://blog.coldwellbankerluxury.com/living-large/

Less was definitely not more in 2020. Affluent buyers wanted

extensive remodeling work. Tim Allen of Coldwell Banker Realty

space — larger houses with more rooms, more amenities,

in Carmel-by-the-Sea/Junipero points to a nearly $3.5-million

more security. Mega mansions, large gated estates and family

sale located in a remote area in the Santa Lucia Mountains, just

compounds, which previously sat on the market for years, were

south of Carmel. “Despite the house being in dated condition, the

suddenly selling. According to “The Report,” recently released by

property had plenty of acreage and expansive views,” he recalls.

the Coldwell Banker Global Luxury® program and The Institute

“It had been on the market five years ago and was almost never

of Luxury Home Marketing, the number of sales of homes over

shown, due to its age and remote location. It was put back on

5,000 square feet jumped 17% from 2019 to 2020. There was

market in August and received an offer in 30 days. The buyer

also an 8% drop in average days on market. Nearly 55% of

wanted views and isolation.” On the East Coast, Michele Flood

Coldwell Banker Global Luxury specialists said that more square

of Coldwell Banker Realty in Rye, New York, recounts a sale

footage was the top amenity that flipped in demand from 2019

involving a waterfront property with an older and smaller home

to 2020.

that generated a bidding war between two buyers, one of whom wanted to reunite the house with its original adjacent property

“Homes farther from the city center were extremely difficult to sell,

next door. “The price kept escalating,” she says.

and now they’re in the best market they’ve ever seen,” remarks Nathan Zeder of Coldwell Banker Realty in Coral Gables, Florida.

Compounds, Mega Estates and Escape Houses

“The suburbs had been very slow and rocketed up after June

“Buyers, straight across the board, are buying compounds,”

2020.”

proclaims Tim Smith of Coldwell Banker Realty in Newport Beach.

“They want live, work and play estates.” Smith recalls three such

None of these developments surprise Sonia Hirt, a professor

Orange County properties that sold in 2020: a multi-structure

in Landscape Architecture and Planning at the College of

residence on an acre in Laguna Beach that had been on the market

Environment + Design, University of Georgia, who has studied

for years, a mega estate on nearly an acre in Newport Coast, and

the relationship between public health and architecture, urban

a bayfront mega estate where they brought the buyer off-market.

planning, and suburbanization during the 19th and 20th centuries.

Smith sees the theme continuing into the next decade, since a

“Once the ramifications of the pandemic became clear, it was not

new California law passed to address the housing shortage now

surprising to see an interest in larger homes,” she says. “If the

prevents developers from combining two lots and building across

pandemic goes on for long enough and is deep enough, then

property lines. “Double lots and compounds are becoming more

I think people’s preferences for larger homes could shift for the

scarce, with a higher demand,” he says. One mega estate he

long-term.” How did space make such a rousing comeback? And

sold last year off-market — a Newport Coast 18,000-square-foot

does its renewed appeal signal a new era for luxury housing?

stunner on two lots, with a 12-car garage, theater, gym, sauna, office and pool — set the record for the highest-priced sale in

Desperately Seeking Space

Orange County’s history, he says. “It has been a paradigm shift,

Agents who worked the suburbs in 2020 were inundated with

where consumers are reallocating more funds to where they are

requests for larger homes with amenities such as multiple offices

living now, instead of waiting for their dream home,” he explains.

and outdoor recreation spaces. Frank Isoldi of Coldwell Banker Realty in Westfield, New Jersey, recalls one Westfield property

And that dream home must now serve multiple functions. Eddie

that had a pool, lit tennis court and pond. “Normally, it would

Reay, COO and partner of Southern California luxury general

have taken a bit of time to find the right buyer,” he says. “But

contractor and developer Dugally Oberfeld Inc., says home offices

the first buyer who looked at the home purchased it. Properties

are “now a critical necessity that must be much more functional,”

like this are now in high demand.” Homes with pools or outdoor

he says, while creating children’s learning spaces “with technology

entertaining spaces also sold quickly in Hinsdale and the western

seamlessly incorporated,” was another necessity introduced last

suburbs of Chicago.

year. “Outdoor entertainment spaces are more desirable than ever” so homeowners “can connect with those they care about

“We represented many buyers with two or more kids who

versus going to restaurants and public spaces.” Tennis courts,

accelerated their move to Hinsdale,” says Dawn McKenna of

bocci ball and sport courts also grew in popularity. Many of

Coldwell Banker Realty in Illinois. “They were planning to move to

Dugally Oberfeld’s affluent clients want to create a “vacation at

Hinsdale eventually, but the pandemic bumped up their timeline.”

home” experience. “Because of the recent rules on confinement

Properties with acreage were also desirable even if they needed

and limitations on travel, our clients are trying to create sources

“Last year, we saw a shift from what was previously popular,”

of relaxation, entertainment and wellness within their home,”

she notes. “Before the pandemic, everyone wanted to be in the

says Reay. “Oftentimes, we hear they want their home to feel like

center of the action, where they could walk everywhere and had

a luxury hotel.”

slightly smaller square footages. Now, people want more outdoor space and private outdoor amenities with land around them, a

The desire to be surrounded by amenities and a resort-like

few miles from the Core.”

atmosphere also manifested in searches for “escape houses” or vacation homes within driving distance to one’s primary residence

Heightened demand for these types of properties, coupled with

last year. “The desert has become the Hamptons of Los Angeles

a lack of inventory, also drove buyers to take swift action. Wells

and Orange County,” says Reay. The other trend to emerge in

recounts how an owner of a prime West Aspen home situated

land-strapped California is people purchasing multiple lots in

along the Aspen Golf Club called her on a Saturday morning and

different locations and building multiple houses. “That’s going to

said, “We’re thinking of selling.” Wells toured the property that

be the substitute in the near future,” predicts Smith. “Especially

afternoon, taking photos and videos to share with a potential

with the new ADU law, which allows a primary and secondary

buyer she already had in mind. The buyer flew into Aspen the

accessory unit to be built on almost any lot to help out with the

next day, and the two parties inked out a deal before the home

housing shortage, we’re going to see more accessory dwellings.”

ever made it to the MLS. “It was the highest price-per-squarefoot in the neighborhood,” she says.

Aspen, the Epicenter No other market illustrates the insatiable demand for space than

The Big Picture

Aspen and the Roaring Fork Valley. The Rocky Mountain region

While space will likely continue to power the luxury real estate

was one of the year’s hottest resort destinations. According to the

market through 2021, it remains to be seen whether the trend

Aspen/Glenwood MLS for Pitkin, Eagle and Garfield counties, nine

has staying power. Smith is bullish: “I think we’re going to see

properties over 100 acres sold last year, compared to just three in

vulnerabilities with this pandemic and future pandemics. I don’t

2019. Sold properties between 35 and 100 acres also increased

see the search for space as a short-lived trend. This is going to

93% from 2019 to 2020. Among these sales, the average price

be something that people will continue to want over the next

per acre and price per sale increased 40% and 45%, respectively.

decade.”

“As people shifted their lifestyles, they embraced Aspen as a four-

Others are less sure. A majority of Luxury Property Specialists

season destination for its schools, cultural amenities and outdoor

surveyed for “The Report” expected buyers to eventually

space,” says Carrie Wells, a veteran Aspen real estate agent who

revert to wanting homes with smaller footprints in five years.

earned the No. 1 ranking in sales volume within the entire Coldwell

Suburbanization trends also tend to be cyclical. Hirt points to

Banker network for 2020. “For many of my clients, it was an

various pandemics in the late 19th and early 20th centuries,

eye-opening experience to be in Aspen during the off-season,

which accelerated growth of some of the nation’s early suburbs.

typically April through June. We had such great weather that

Once the viral illnesses got under control, “the paradigm shifted

people were hiking and biking, and they even discovered skinning,

and the focus turned back toward density,” she notes.

or uphill skiing. It was so popular that all the equipment sold out in local stores!”

Reay predicts two groups of homeowners will emerge from the pandemic: “A lot of people will forget what has happened, and

Wells points to several sizable 2020 sales. A contemporary seven-

a lot of people will be traumatized when it comes to being in

bedroom, new-construction home designed by Ro Rockett Design,

confined spaces.”

perched on an acre on Red Mountain with 10,000+ square feet and views from Independence Pass to Mt. Sopris, sold for $31.8

Only time will tell what the future holds for luxury housing, but the

million in late summer. The sale price was a record for the year, and

lessons of 2020 will not soon fade.

she represented both the seller and buyer in the transaction. The other notable sale was a $29.6-million contemporary mountain home with private river frontage, six bedrooms and 10,626 square feet on Willoughby Way, one of the most desirable streets in Aspen.

COLDWELL BANKER | WEST

PARADISE HILLS 4 BR | 2 BA | 1,434 ESF MLS# 210012091 | $735,000

LA MESA 3 BR | 2 BA | 1,315 ESF MLS# PTP2103519 | $700,000

LA MESA 3 BR | 2 BA | 1,572 ESF MLS# 210013918 | $710,000

EL CAJON 3 BR | 2 BA | 1,251 ESF MLS# PTP2103505 | $699,900

NORMAL HEIGHTS 3 BR | 1 BA | 1,048 ESF MLS# PTP2102271 | $670,000 - $710,000*

BARRIO LOGAN 2 BR | 1 BA | 680 ESF MLS# 210007798 | $699,000

* Seller will entertain offers within the listed range.

LINDA VISTA 4 BR | 2 BA | 1,308 ESF MLS# 210013186 | $699,000

CHULA VISTA 3 BR | 2.5 BA | 1,630 ESF MLS# PTP2103526 | $668,000 - $679,000*

CHULA VISTA 4 BR | 4 BA | 2,200 ESF MLS# PTP2103428 | $675,000 - $699,000*

HILLCREST 2 BR | 2 BA | 949 ESF MLS# 210012139 | $675,000

MISSION VALLEY 2 BR | 2.5 BA | 1,538 ESF MLS# 210013377 | $689,000

EAST VILLAGE 3 BR | 2 BA | 1,474 ESF MLS# PTP2002044 | $599,999 - $675,000* * Seller will entertain offers within the listed range.

COLDWELL BANKER | WEST

SAN DIEGO 3 BR | 2 BA | 1,287 ESF MLS# PTP2102756 | $649,000 - $669,000*

EL CAJON 3 BR | 1 BA | 1,118 ESF MLS# PTP2102746 | $629,999

CHULA VISTA 3 BR | 1.5 BA | 1,741 ESF MLS# PTP2103350 | $599,900 - $649,900*

OTAY MESA 3 BR | 2 BA | 1,079 ESF MLS# PTP2102816 | $589,000 - $619,000*

SANTEE 3 BR | 2 BA | 1,161 ESF MLS# 210011623 | $625,000 - $645,000*

OTAY MESA 3 BR | 2 BA | 1,204 ESF MLS# PTP2103288 | $615,000

* Seller will entertain offers within the listed range.

SAN DIEGO 4 BR | 2 BA | 1,481 ESF MLS# PTP2103523 | $595,000 - $615,000*

SAN DIEGO 4 BR | 2 BA | 1,345 ESF MLS# PTP2103032 | $599,900

SPRING VALLEY 4 BR | 2 BA | 1,599 ESF MLS# PTP2103479 | $585,000 - $605,000*

CARLSBAD 2 BR | 2 BA | 1,556 ESF MLS# NDP2105689 | $599,000

EL CAJON 3 BR | 2 BA | 1,748 ESF MLS# PTP2102955 | $575,000 - $605,000*

CARLSBAD 3 BR | 2 BA | 1,529 ESF MLS# NDP2104780 | $599,000 * Seller will entertain offers within the listed range.

COLDWELL BANKER | WEST

CITY HEIGHTS 2 BR | 1.5 BA | 928 ESF MLS# PTP2103378 | $599,000

RANCHO DEL REY 3 BR | 2.5 BA | 1,514 ESF MLS# PTP2103060 | $565,000 - $599,000*

DULZURA 2 BR | 1 BA | 1,140 ESF MLS# PTP2101594 | $599,000

TEMECULA 3 BR | 2.5 BA | 2,056 ESF MLS# PTP2103365 | $589,000

SAN DIEGO 3 BR | 2 BA | 1,277 ESF MLS# 210012098 | $599,000

OTAY MESA 3 BR | 2.5 BA | 1,504 ESF MLS# PTP2102946 | $549,900 - $579,900*

* Seller will entertain offers within the listed range.

EL CAJON 3 BR | 2.5 BA | 1,866 ESF MLS# PTP2102149 | $560,000 - $570,000*

LOGAN HEIGHTS 3 BR | 2 BA | 836 ESF MLS# PTP2103357 | $515,000 - $525,000*

we’re here for the

long haul RANCHO DEL REY 3 BR | 2.5 BA | 1,570 ESF MLS# 210013309 | $565,000

ESCONDIDO 3 BR | 2 BA | 1,237 ESF MLS# PTP2103489 | $550,000 - $560,000*

WHETHER YOU ARE MOVING CROSS-COUNTRY OR JUST A CITY AWAY, I CAN HELP YOU GET CONNECTED WITH A TRUSTED AGENT IN MY NETWORK.

* Seller will entertain offers within the listed range.

AME RIC ANS SEE

Real Estate

AS A B ET T ER I NVE S TM E N T TH A N

STOCKS OR GOLD

Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks.

Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup usually finds that Americans regard real estate as the best long-term investment among several options — seeing it as superior to stocks, gold, savings accounts and bonds. This year, 41% choose real estate as the best investment, up from 35% a year ago, with stocks a distant second.”

Here’s the breakdown:

The article goes on to say: “The 41% choosing real estate is the highest selection of any of the five investment options in the 11 years Gallup has asked this question.”

Is real estate really a secure investment right now?

Some question American confidence in real estate as a good long-term investment right now. They fear that the build-up in home values may be mirroring what happened right before the housing crash a little more than a decade ago. However, according to Merrill Lynch, J.P. Morgan, Morgan Stanley, and Goldman Sachs, the current real estate market is strong and sustainable. As Morgan Stanley explains to their clients in a recent Thoughts on the Market podcast: “Unlike 15 years ago, the euphoria in today’s home prices comes down to the simple logic of supply and demand. And we at Morgan Stanley conclude that this time the sector is on a sustainable, sturdy foundation . . . . This robust demand and highly challenged supply, along with tight mortgage lending standards, may continue to bode well for home prices. Higher interest rates and post-pandemic moves could likely slow the pace of appreciation, but the upward trajectory remains very much on course.”

Bottom Line America’s belief in the long-term investment value of homeownership has been, is, and will always be, very strong.

Source: Americans See Real Estate as a Better Investment Than Stocks or Gold (2021). Keeping Current Matters. https://www.mykcm. com/2021/05/18/americans-see-real-estate-as-a-better-investment-than-stocks-or-gold/

COLDWELL BANKER | WEST

ENCANTO 4 BR | 1.5 BA | 1,360 ESF MLS# PTP2103219 $499,900

EL CAJON 2 BR | 2 BA | 1,047 ESF MLS# PTP2103484 $485,000

DOWNTOWN 1 BR | 1 BA | 827 ESF MLS# 210012725 $455,000

SAN DIEGO 2 BR | 1 BA | 776 ESF MLS# PTP2103529 $495,000

SAN CARLOS 2 BR | 2 BA | 1,044 ESF MLS# 210013704 $479,000

IMPERIAL BEACH 2 BR | 1.5 BA | 992 ESF MLS# NDP2104360 $439,000

OTAY RANCH 2 BR | 2 BA | 1,163 ESF MLS# PTP2103399 $489,000

ESCONDIDO 3 BR | 1 BA | 1,063 ESF MLS# 210012628 $470,000

BONITA 2 BR | 2 BA | 1,007 ESF MLS# PTP2103073 $389,000 - $400,000*

* Seller will entertain offers within the listed range.

CHULA VISTA 3 BR | 2 BA | 1,236 ESF MLS# PTP2103084 $399,900

NATIONAL CITY 2 BR | 1 BA | 820 ESF MLS# PTP2103314 $374,000

MISSION HILLS 1 BR | 1 BA | 570 ESF MLS# 210013383 $349,000

HILLCREST 1 BR | 1 BA | 641 ESF MLS# PTP2102829 $398,000

OTAY MESA 2 BR | 1.5 BA | 966 ESF MLS# PTP2102732 $369,900

CAMPO 3 BR | 1 BA | 948 ESF MLS# PTP2101712 $280,000 - $315,000*

COLLEGE AREA 2 BR | 2 BA | 845 ESF MLS# PTP2102431 $375,000

OTAY MESA 2 BR | 1.5 BA | 966 ESF MLS# PTP2102733 $369,900

PARADISE HILLS 1 BR | 1 BA | 675 ESF MLS# 210013348 $295,000 * Seller will entertain offers within the listed range.

COLDWELL BANKER | WEST

ALPINE 2 BR | 1 BA | 768 ESF MLS# PTP2103207 $199,900

* Seller will entertain offers within the listed range.

SAN DIEGO 1 BR | 1 BA | 551 ESF MLS# PTP2101668 $189,900 - $199,000*

CHULA VISTA 1 BR | 1 BA | 635 ESF MLS# PTP2102436 $105,000 - $109,900*

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GUIDING YOU HOME | SINCE 1906 COLDWELLBANKERWESTHOMES.COM