San Diego Real Estate
When it comes to real estate, San Diego is a goldmine of opportunities. World-renowned for its bedazzling coastline, year-round sunshine, and vibrant culture – it’s a no-brainer that people are flocking here to stake their claim and call SD home sweet home. But what does the real estate market look like in this sparkling city paradise? We’re here to answer that question and many other inquiries you might have about San Diego real estate.
540 Otsego Drive San Diego, CA 92103
Experience luxury living at its finest in "The Clea House," a stunning LEED Gold Certified Mid-Century modern-inspired home meticulously designed and built by the award-winning firm Nakhshab Development & Design. Nestled among the tranquil treetops of Mission Hills, this architectural masterpiece awaits you with luxurious amenities and a unique layout that seamlessly blends open-concept interiors with expansive outdoor entertaining spaces. As you enter, you'll be greeted by an abundance of high-end finishes and features, including a large fireplace, custom cabinetry throughout, retractable glass patio doors, and a striking 70-foot wall of glass along the front. The main living area opens to a large patio with a fire pit, perfect for outdoor gatherings, while an adjoining 2,000-square-foot rooftop deck offers breathtaking views and additional entertaining space. The home's open-concept floor plan provides equally generous indoor entertaining areas, including a state-of-the-art kitchen, spacious living room, family room, 6 bedrooms, and 5 bathrooms, all of which are en-suite. Elevator access is available to all three floors, offering convenience and accessibility for all residents. Two bedrooms, including one with private access from the street, are located on separate lower levels, providing added privacy and flexibility. Perfect for hosting guests or clients. This entertainers paradise is also an opportunity for short-term rentals if you want to use as a second home or investment (it is currently setup as a short-term rental now with airbnb page ready to go). Conveniently situated in Mission Hills, you'll enjoy easy access to nearby restaurants, bakeries, coffee shops, and grocery stores. Plus, with Hillcrest and Little Italy just a short distance away, you'll have endless options for dining, shopping, and entertainment right at your fingertips. Don't miss your chance to own this one-of-a-kind extraordinary home in San Diego's most sought-after neighborhoods. Schedule a showing today and experience modern luxury living!
| 4 days ago | Listing updated with changes from the MLS® | |
| a week ago | Listing first seen online |
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2024 San Diego MLS®.
Data last update at 2024
Newly Listed Homes in La Jolla California
Browse by Neighborhood
Browse All Homes in La Jolla California
Newly Listed Homes in San Diego California
Browse All Homes in San Diego California
Is San Diego a Good Place for Real Estate?
As if the jaw-dropping natural beauty, fascinating people, or sensational weather isn’t alluring enough, you might be wondering what other factors make San Diego real estate a hot commodity in Southern California. Let’s start with the explosive growth of several booming industries in the area. From biotech to defense, tourism to innovative tech startups – San Diego is a mecca for business enterprise. Then we have the quality of life, which is superior compared to other regions in the state. World-class dining, tons of sizzling entertainment venues, wicked-awesome surfing – there’s no end to the adventures and experiences new residents can enjoy in San Diego. For these and many other reasons, San Diego is a prime place for real estate today.
How to Choose a Real Estate Property in San Diego
This is a bit of a clincher because while there is primo real estate in San Diego to be found, the demand is high, and the supply is low. That’s great for the market, but finding that “just right” home in such a competitive market can be tough. Not to worry, here are a few tips for finding the best San Diego real estate:
- Get Clear About Your Needs and Expectations: Make a clear plan about what you want and what you can afford. This will serve as a roadmap as you search for your dream property in San Diego.
- Research Different Neighborhoods: Did you know there are about 100 different neighborhoods in San Diego? Each one has its own unique traits with pros and cons in each area (don’t worry, we’ll get into different neighborhoods in a minute). Investigating different areas will help you prepare to choose the best property.
- Get a Real Estate Agent: The absolute best way to find your perfect home in SD is to defer to an expert. With all the variables and complexities of the San Diego real estate market, a Realtor can be a godsend in navigating available inventory (and even getting privy to upcoming listings).
Best Neighborhoods to Stay in San Diego
The beauty of San Diego real estate for sale is the diversity. From ultra-urban to beachside bliss, well-heeled neighborhoods to suburban serenity – SD has it all. But which neighborhoods are the best? Well, we’re partial to La Jolla, of course. It has incredible beaches, a charming village atmosphere, and sensational dining and entertainment. For anyone looking for a more vivacious urban vibe, the Gaslamp Quarter can’t be beat. Then there’s North Park, a hip scene with a thriving art life, local craft breweries, and eclectic entertainment venues. Check out our San Diego real estate listing by neighborhood to get a better feel for each area.
San Diego Real Estate FAQs
One of the most significant factors is population growth. At the time of this writing, the population of SD is over 3.3 million, which is a .73% increase from the previous year. Combine this influx with limited real estate inventory, and you’re dealing with a big competitive market that is constantly impacting San Diego real estate. Other factors, such as increased interest rates, economic conditions, real estate taxes, zoning regulations, etc., can also influence the market.
The market fluctuates, but San Diego is experiencing a strong seller’s market at the time of this writing. The demand for homes in SD has been consistently high, with ongoing limited inventory. This creates a robust environment where sellers in SD have the upper hand.
That’s another fabulous aspect of San Diego – we have it all! From ultra-lavish to quaint little bungalows on the beach, real estate here is as diverse as the city itself.
Regardless of multi-million dollar residential property sales, San Diego has a surprisingly low price point for real estate compared to other California cities. For instance, SD’s median home price (to date) is $910,000, whereas CA homes in cities like San Jose and San Francisco fetch a median price of $1.25 million.
More great news on the San Diego real estate front – there are tons of family-friendly neighborhoods with terrific schools sprinkled throughout SD County. For instance, Carmel Valley is appealing to families because of all of its recreational activities for kids, spacious parks, and superior schools. Point Loma is also a gem of an area that attracts families looking for a quiet, coastal neighborhood with the beach just minutes away. A bit of deeper research or a sit-down with your real estate agent will illustrate all the various areas families are craving to settle into in San Diego.
It works very similarly as it does in most other states in the US. The typical process is, first, securing the money for the home or getting pre-approved for a home loan. Once you and/or your real estate agent find the available home of your dreams, it’s time to make an offer. If accepted, you’ll enter into a period of escrow when financing is secured, home inspections are done, and ancillary negotiations are made. Once all the wrinkles are ironed out, real estate documents are prepared and filed, funds are transferred from buyer to seller, and you’ve made a bonafide purchase of real estate in San Diego.
Yes, there are several. For example, the California Building Code establishes requirements for construction projects. SD also has its own set of zoning regulations which establish how land is utilized in different regions of the city. There are also regulations about multi-unit buildings, commercial structures, retail spaces, etc. Talk with your real estate agent to get the whole skinny on SD real estate regulations.
San Diego might be best known for their historic Spanish Colonial revival-style homes, but the city offers up a plethora of other different architectural styles. For instance, you can find hints of Spain and Italy in some Mediterranean-inspired homes. You’ll also find Craftsman, Ranch styles, Tudor-style homes, and Mid-Century Modern. There really is no limit to the imaginative styles of architecture you’ll find in San Diego.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.