Mission Hills Magazine

MISSION HILLS

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4

* Detached homes only

REPORT |

REPORT | JANUARY 2021

2020

MARKET REPORT | OCTOBER 2020

MARKET REPORT | OCTOBER 2020

Median Sales Price

MISSION HILLS, HILLCREST, BANKERS HILL

MISSION HILLS, HILLCREST 92103

MISSION HILLS, HILLCREST 92103

% Change from previous year

* Detached homes only

Sales to List Price % New Listings

* Detached homes only

homes only

* Detached homes only

Median Sales Price

MISSION HILLS, HILLCREST 92103

% Change from previous year

% Change from previous year

Median Sales Price % Change from previous year

Average Days on Market Homes Sold

Sales to List Price % New Listings

Sales to List Price %

Median Sales Price % Change from previous year Sales to List Price % New Listings % Change from previous year

Sales to List Price % New Listings % Change from previous year

$1,575,000 +80.0% 96.9% 31 -3.1% 24 19 -9.5%

% Change from previous year

% Change from previous year

Average Days on Market Homes Sold

* Detached homes only

Average Days on Market

Information provided by the San Diego Association of Realtors as of June 2020.

Average Days on Market Homes Sold % Change from previous year

Average Days on Market Homes Sold % Change from previous year

Median Sales Price % Change from previous Year New Listings % Change from previous Year Homes Sold % Change from previous Year

% Change from previous year

Median Sales Price % Change from previous year

Information provided by the San Diego Associaton of Realtors as of February 5,

Sales to List Price %

$1,575,000 +80.0% 96.9% 31 -3.1% 24 19 -9.5%

MARKET REPORT | OCTOBER 2020 MISSION HILLS, HILLCREST 92103

has not been verified by the broker. All information should be independently reviewed and

$1,575,000 +80.0% 96.9% 31 -3.1% 24 19 -9.5%

$1,575,000 +80.0% 96.9% 31 -3.1% 24 19 -9.5%

Tierra Transaction and DRE# Gina her the Gina which buyer

various brokerages and may or may not have been listed or sold by Mercer Group Real Estate of Keller Williams Realty La Jolla.

$1,150,000 -15.1% 94.4% 22 -24.1% 42 14 +7.7%

$1,575,000 +80.0% 96.9%

has not be verified by the broker. All information should be independently reviewed

various brokerages.

Information provided by the San Diego Association of Realtors as of June 2020. This information has not been verified by the broker. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerages and may or may not have been listed or sold by Mercer Group Real Estate of Keller Williams Realty La Jolla.

Tierra Transaction and DRE# Gina her the Gina which buyer

Information provided by the San Diego

should be

various

the broker.

and may or may not

Tierra Transaction and DRE# Gina her the Gina which buyer

Tierra Transaction and DRE# Gina her the Gina which

Gina Barnes has developed a small but dedicated team to assist her in giving her clients superb service and to make sure no important detail falls through the cracks. Gina designs and personally implements an ‘action plan’ for each of her clients, which is supported by a team assistant, a business development member, a buyer specialist and professional affiliated services.

Located in a quiet enclave of custom homes, the modern property is where quality meets sophistication. Not only do you get a single family home with 2362 square feet, but also a detached ADU that’s a cool, hip loft with 600 sq. feet. This property offers high appeal to those who appreciate style, sophistication and quality. The chef’s kitchen features highend appliances and an open connection to the dining and living area. The main home has 3 bedrooms with an exquisite master suite and a den.

This well designed floor plan is functional and livable. The decorative elements will catch your eye at every turn. The spacious rear patio is accessed through the den and seamlessly blends the outdoor into the indoor. This home just may check all the boxes. STORAGE, 2 CAR GARAGE, PRIVACY, QUIET, QUALITY, FUNCTIONAL, CHEFS KITCHEN, MATER RETRETE, EXQUISITE BATH, DETACHED LOFT AND EVERY ATTENTION TO DETAIL. The artsy loft is hip and functional. This fully permitted loft is ideal for a guest house, family member or an income producing unit. With 600 square feet of unique space the potential income is approx. $2000.

Introducing 41West in Bankers Hill

Introducing the new look of luxury in San Diego’s prized Bankers Hill neighborhood. This curated collection of residences at 41West exemplifies the passionate life that is Southern California, with a nod to the easy living feel that is uniquely San Diego. Careful consideration was given to create a product grand in scale, yet smartly crafted for today’s active lifestyle. Each facet of the building has been carefully vetted to provide its residents an ideal urban lifestyle.

The

Park@Maple

The

Urban

The

4112 Jackdaw Street

This North Mission Hills home is ideally located within a short distance to the West Lewis and Goldfinch business districts, multiple schools, restaurants, coffee shops, and Pioneer Park. This craftsman is charming, warm, and inviting. The entry, living, and dining rooms pull you in with their cottage feel, fireplace, many windows, and built-ins. A newly remodeled kitchen opens to the large rear yard with a pergola, ideal for al fresco dining and entertaining. The main level has an office and the 2 bedrooms are located upstairs. Bonuses include a two-car garage with alley access and a detached 10X12 office/studio. This home is your ultimate welcome to Mission Hills! A bonus is the lot with the alley access, ideal for an additional dwelling unit. Opportunity has a new address!

PHOTO SOURCE: (c) fizkes / iStock via Getty Images Plus

Should You Buy or Sell a Home in 2021? Here’s What to Know

(StatePoint) While the roll-out of the COVID-19 vaccine has left a lot of question marks about the future of the U.S. economy at-large, analysts expect the housing market to remain strong and stable in the coming year.

“Despite the uncertainties of the pandemic, the housing market performed well in the second half of 2020,” says Sam Khater, Freddie Mac’s chief economist. “Low mortgage rates and the ability to work remotely continued to propel demand for housing, which is reflected in home sales reach ing levels not seen in 15 years.”

Whether you’re a potential homebuyer, a current homeowner or considering selling, here are some of the biggest takeaways of Freddie Mac’s Quar terly Forecast:

• Interest rates are likely to remain low. The average 30-year fixed-rate mortgage (FRM) hit a record low over a dozen times in 2020. The low interest rate environment is projected to continue through 2021, with the 30-year FRM expected to average below 3 percent. Low rates are good news for buyers looking to purchase a home, and homeowners looking to reduce their mortgage payment through refinancing.

• Home sales to remain high. The demand for housing is expected to remain strong in 2021, cre ating a favorable market for sellers. Last year, low mortgage rates and the ability to work remotely

drove up home sales (the measure of the num ber of homes sold every month). This year, home sales are expected to ride that wave, averaging 6.5 million for the year.

• House prices to grow moderately. In the sec ond half of 2020, the high volume of home sales and low supply of housing drove up house prices. In 2021, house price growth is expected to moder ate for the full year.

• Refinances to start declining. Low mortgage rates spurred refinance activity in 2020, boosting mortgage originations (the process in which bor rowers apply for a home loan) to historic highs. As mortgage rates rise modestly in 2021, refi nance activity should start to slow. “While many homeowners took advantage of these low rates in last year, evidence suggests that many lower income homeowners still have the opportunity to strengthen their financial position by refinancing,” says Khater.

For more insights on housing, visit freddiemac. com/research. For homebuying and homeowner ship resources, visit My Home by Freddie Mac.

Many of the trends that shaped the market last year, especially historically low mortgage rates, will continue to drive housing activity in 2021. As you embark on your journey towards your home goals, be sure to have a firm understanding of today’s market conditions.

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Balboa Park Bucket List 10 things you can’t miss

To be clear, Balboa Park should be on everyone’s bucket list. Seriously, where else can you enjoy iconic architecture, gardens galore and 17 different museums that delve into everything from art to automobiles to ancient Egypt? But taking in all that Balboa Park has to offer takes more than just a couple hours – or even a couple days. Don’t have that kind of time? Here’s a list of Balboa Park must-dos to ensure you’ve explored its essence.

California Tower

Impromptu Potable Picnic at Panama 66

House of Pacific Relations, International Cottages Summer Shakespeare Festival at The Old Globe

Timken Museum

Botanical Building and the Lily Pond

Cerutti Mastodon Discovery at The San Diego Natural History Museum (The Nat) Palm Canyon Trail

Louie Mattar’s Fabulous Car at the San Diego Automotive Museum

Portrait of Man at The San Diego Museum of Art

Bonus! Live at 41West and have Balboa Park at your door step. Call for a private tour of the remaining units.