Dannecker & Associates March 2024

MARKET REPORT FEBRUARY 2024

92106

92107

MARKET

LET’S START A CONVERSATION ABOUT SAN DIEGO REAL ESTATE CHAD’S UPDATE

San Diego’s housing market, while still enjoying high demand, is experiencing a slight shift due to the current rise in mortgage interest rates. With inflation exceeding the Federal Reserve's target of 2% and the anticipated delay in the Fed Funds rate cuts until June, compared to earlier predictions of March, many potential buyers are adopting a more cautious stance. San Diego's high home prices coupled with mortgage interest rates over 7% continue to put drag on the market. This, combined with sellers hesitant to list their properties and give up their 2-4% current mortgage, is leading to a temporary slowdown in activity. I will say that even though we are seeing a lower number of sales countywide, we are seeing quality homes sell at exceptional prices in the coastal markets like Point Loma, La Jolla, Del Mar and Coronado. It's important to remember that San Diego's inherent appeal – consistently recognized for its exceptional quality of life – remains a constant. While affordability may be a current challenge, the long-term value proposition of owning a piece of paradise in San Diego shouldn't be overlooked. The market may adjust, but San Diego's sunshine, beaches, and vibrant culture continue to be a powerful draw for residents and investors alike.

—Chad Dannecker, San Diego Residential Real Estate Broker

WOW PROSPECTIVE BUYERS WITH A DANNECKER & ASSOCIATES + ZILLOW SHOWCASE LISTING

• Your home will gain prioritized exposure by potential buyers when they search for properties on Zillow with over 226 million average monthly unique users.

• Your listing will receive dedicated, branded "new property alert emails" sent to interested buyers.

• With a very limited number of Showcase listings in San Diego, your home will stand out with best-in-class media like high-resolution photography, interactive floor plans, room-by-room photo organization and virtual tours now with Apple Vision Pro to impress potential buyers.

ASK US ABOUT FEATURING YOUR HOME AS A ZILLOW SHOWCASE LISTING

619-309-8011

Every DANNECKER & ASSOCIATES Showcase listing features:

• High-Resolution Interior & Exterior Photography (50+ images)

• Virtual Tour to give buyers a sense of touring the home (now with AR on Apple Vision Pro)

• Interactive Floor Plans that connect the imagery to the location in the home

• Virtual Twilight to show your home in the best light. D&A the first team in San Diego to use Apple Vision Pro for an elevated 3D experience

• Photos of amenities like nearby parks, beaches, pools, spas, rec rooms, etc

• Social Media Videos featuring 30 second reels

• Professional quality full frame videos

Brought

Beauty

& THE BEACH

Look no further! This home HAS IT ALL! Enjoy coastal living at its finest with this upper Ocean Beach home that offers bay, coastal and water views and convenient access to both OB & Pt Loma amenities. Rare opportunity to own a completely updated, super spacious home with a flexible floor plan that offers 5 bedrooms including a main level primary bedroom, plus additional office/6th bedroom and 4 baths! Impressive formal living room and separate upper level family room with kitchenette and adjoining view balcony! Remodeled, entertainers delight, dine-in kitchen with breakfast seating and high end stainless appliances that flows seamlessly to the resort style backyard. Stylish bathrooms, custom closets, 2 fireplaces, French white oak flooring, updated lighting inside and out, laundry room & tons of storage. New HVAC! New roof and fully paid solar! Sparkling salt water pool and separate spa area, 1 car garage plus off street parking and alley access, EV charging and storage shed. Multiple, too many to list, interior and exterior upgrades make this a well maintained, move-in ready, modern property - perfect for today’s buyer!

Gorgeous ocean and poolside view from the balcony.

Updated lighting overlooks the pool from breakfat nook.

Formal living room is spacious and includes a wood-burning fireplace.

Ocean Beach - 4474 Niagara Ave

5 beds + office/6th bed • 4 baths • 3,291 sq. ft.

Priced at $3,149,000 WELCOMETOSANDIEGO.COM

Fireplace number two along with beautiful cabinets and storage space.

THINKING

Contact

Luxury Coastal Living West of the 5 in Voveted Del Mar Heights!

Del Mar Heights - 14256 Minorca Cove

6 beds

5 baths

3,556 sq. ft.

Priced at $3,199,000

East

2

Recently

Columbia

5

Poway - 11682 Treadwell Dr

THINKING ABOUT BUYING OR SELLING

La Mesa - 5921 Amarillo Ave

3 beds + FAMILY • 2 baths • 1,156 sq. ft.

Sold Price $856,000 • Sold Over Asking Price!

Updated 3 Bedroom Home, Family Room + HUGE Lot!

DANNECKER & ASSOCIATES COORDINATED A COMPLETE REFRESH INCLUDING:

hardwood floor refinishing popcorn removal new paint new carpeting

RESULTING IN 16 OFFERS AND SELLING $57,000 OVER ASKING PRICE!

BUYER & SELLER REPRESENTATION BY DANNECKER & ASSOCIATES

Point Loma, Sea Colony, 2277 Caminito Pajarito #172

2 beds • 2.5 beds • 1,332 est sq.ft. • Sold Price $620,000

Point Loma, Point Loma Villas, 4444 W Point Loma Blvd #61

1 bed • 1 bath • 725 est sq.ft. • Sold Price $465,000

Coronado, Crown Park, 764 E St

2 beds • 2.5 baths • 1,359 est sq.ft. • Sold Price $1,449,000

Mission Hills, Villa Bahia, 3972 Jackdaw St #301

2 beds • 2 baths • 951 est sq.ft. • Sold Price $650,000

Mission Valley, Civita, 3104 Marquee Way

3 beds • 2.5 baths • 1,570 est sq.ft. • Sold Price $1,100,000

Pacific Beach, 2475 Beryl St

3 beds • 2.5 baths • 1,717 est sq.ft. • Sold Price $1,530,000

La Jolla, La Jolla Chelsea, 5383 Chelsea St #101

3 beds • 2 baths • 1,868 est sq.ft. • Sold Price $1,975,000

La Jolla, Seahaus, 5450 La Jolla Blvd #D102

3 beds • 2 baths • 1,827 est sq.ft. • Sold Price $1,785,000

Carlsbad, 3036 Levante St

3 beds • 2 baths • 2070 est sq.ft. • Sold Price $1,875,000

Oceanside, 3301 Carolyn Circle

4 beds • 3 baths • 1,765 est sq.ft. • Sold Price $1,016,000

Oceanside, Riverview, 5130 N River Dr #B

2 beds • 1.5 baths • 992 est sq.ft. • Sold Price $465,000

Carlsbad, Lakeshore Gardens, 7002 San Bartolo

2 beds • 2 baths • 1,800 est sq.ft. • Sold Price $545,000

Clairemont, 4981 Mount Casas Dr

3 beds • 2 baths • 1,157 est sq.ft. • Sold Price $1,085,000

Scripps Ranch, Stone Bridge Estates, 11358 Merritage Ct

6 beds • 4.5 baths • 3,855 est sq.ft. • Sold Price $2,250,100

Allied Gardens, 6054 Delor Ct

3 beds • 2 baths • 1,638 est sq.ft. • Sold Price $880,000

We would love for YOU to be our next HAPPY BUYER or SELLER. Contact Dannecker & Associates today!

The Monsaraz is a newly built hotel that opened in May of 2021. We invite you to experience a calm colorful haven that inspires living in the moment and is influenced by Portuguese old-world charm combined with the ethos of the coastal culture of modern-day Point Loma. Allow our passionate and caring associates to demonstrate the art of hospitality by evoking a refined yet simple experience.

Now

1451

Complimentary 1 night stay for two guests at The Monsaraz San Diego, Tapestry Collection by Hilton.

POINT LOMA ASSOCIATION

The Point Loma Association is a non-profit community organization comprised of a 20-member board of directors, 10 committees, the Mean Green Team, Graffiti Busters, over 1,000 resident and businesses members, sponsors, donors, and 100s of dedicated volunteers.

We plant trees, flowers and plants; maintain 20 public green spaces in Point Loma; transform asphalt and concrete medians and parkways into landscaped islands of natural beauty; install community signs, lights, landmarks, benches and banners; create a patchwork of public art through utility box art, murals and sculptures; pick up litter; clean up homeless camps; remove graffiti; call for the removal of billboards and power lines; and advocate to improve our quality of life.

PO Box 60212, San Diego, CA 92166 (619) 736-1752 | pointloma.org

PRESENTED BY DANNECKER & ASSOCIATES

“WHETHER IT’S MY FAMILY, FRIENDS OR CLIENTS, WE ALWAYS MOVE WITH GRIZZLY! PLEASE, TELL THEIR GREAT TEAM THAT I SENT YOU.” –CHAD DANNECKER

GRIZZLY MOVING

Chad Dannecker & Associates PREFERRED MOVER is right here in San Diego! Whether you are moving across the county or from Point Loma to anywhere in the lower 48 states, you can take advantage of the excellent local & interstate service provided by the absolute best! Grizzly Moving offers full-service local moving for both small and large loads. Our reliable moving service is suitable for any person, family, or company that needs to transport their furniture and belongings to a new home or place of business. With all the professional attention Grizzly gives to every client, you can rest assured that your belongings will be taken care of to a high degree no matter how little or much you have to move.

Our family-owned, licensed and over insured small business services include: local moving, long distance moving, packing & unpacking, storage in transit, office moving and supplies.

9557 Candida Street, San Diego CA 92126

(858) 341-4794 | grizzlymoving.com

PRESENTED BY DANNECKER & ASSOCIATES

amazing how quickly buyers and sellers can get reliable quotes for work so they know

to

Rechargeable Solar Battery System

Control your energy and savings with Sunrun’s solar power & smart battery solutions.

Enjoy safe, clean, and reliable backup power to keep your home poweringforward in the event of a blackout. For more information on storing your own power and not relying on a 150-year-old grid, call Mark Frapwell from Sunrun today!

TAKING PRIDE IN THE REVITALIZATION OF SAN DIEGO HOMES

The team at Hawthorn & Albatross is nothing short of exceptional. They consistently deliver a top-notch renovation experience, earning them an A+ rating and a well-deserved 5-star reputation. Whether you’re working with them as a buyer, seller or real estate agent, they have mastered the art of creating a seamless and efficient renovation process that fosters a sense of unity among all involved. Their responsiveness and commitment to excellence to deliver quality work is truly commendable. I take great pride in partnering with them to contribute to the revitalization of San Diego homes.

9815 Caroll Canyon Rd, Suite 206, San Diego 619) 961-3070 | hawthornandalbatross.com

PRESENTED BY DANNECKER &

ASSOCIATES

WHAT OUR CLIENTS ARE SAYING ABOUT US!

Over 500 - 5 Star Reviews

HAt Dannecker and Associates, our top priority is to ensure our clients are extremely satisfied. We’re committed to providing exceptional experiences for those involved in buying or selling homes. Don’t just take our word for it – see what our valued clients have to say about their experiences with us!”

Chad Dannecker

College Area

Chad and his team were professional and helpful every step of the way. For your home selling or purchasing needs, this is the team to go with! They were available to answer phone calls and emails. The process of selling or purchasing a home can be a complex process; however, Dannecker & Associates have the experience and know what we are all looking for in a real estate transaction.

Jennifer Lange

University City

Exceptional experience with Jen! As first-time homebuyers, she guided us patiently through the process, providing timely reminders and explaining every detail. She listened to our needs without any pressure, ensuring we never settled for less. Her negotiation skills were outstanding, allowing us to secure the house just under the asking price. Despite our busy schedules, we felt confident and well-supported throughout. Highly recommend her expertise and genuine approach!

Breanna Startzel

Point Loma

Breanna did an awesome job guiding and fighting for us for our first home purchase. Her and her team are very knowledgeable and helpful during the entire process. Highly recommend and appreciate her!

Brent Cole

Point Loma

Our family has had great experiences with Brent Cole via multiple real estate transactions through Dannecker & Associates. Recently, If it wasn’t for Brent’s extensive knowledge of Point Loma and his connections, we would have never been able to find our dream home we just recently purchased. Brent was able to make the transaction very seamless and working with him over the years has been a wonderful experience. Brent is the type of agent you refer and refer again. If you’re seeking one of the top agents in San Diego, stop looking, you’ve found him!

DANNECKER & ASSOCIATES PRESENTS

CALENDAR

April 19-21

LA JOLLA CONCOURS D’ELEGANCE

Ellen Browning Scripps Park, 1100 Coast Blvd, La Jolla lajollaconcours.com

Join us for an experience like no other. The La Jolla Concours d’Elegance is proud to present a fully immersive weekend in beautiful La Jolla, California. Come for the cars, stay for the experience.

March 30

BEER FEST

Handlery Hotel San Diego, 950 Hotel Circle N, San Diego sd.handlery.com

We have brewed up something special! happening at the Handlery Hotel San Diego, located in the heart of beautiful Mission Valley. This is a great event to try different brews, live music with Ron’s Garage and a delicious BBQ. Whether you are a beer enthusiast or just looking for a fun aftenoon, this event is not to be missed. Sample an unbeatable mix of domestic and local California favorites, the fun is brewing, Saturday, March 30th from 12 to 4:00pm.

March 30

EAST VILLAGE BLOCK PARTY

J Street between 7th & 10th Avenues, San Diego eastvillagesandiego.com

It’s time to play ball! Grab your family and friends and join the East Village Association for this year’s 12th Annual East Village Block Party on Opening Weekend. Taking place on J St from 7th to 10th Avenue in front of Petco Park, this event brings all that there is in East Village to the Block Party including local small businesses, live music and entertainment, tasty bites, beer and cocktails, local retail vendors, photo opportunities, a variety of fun family-friendly activities, and of course a celebration of East Village’s very own San Diego Padres.

PADRES HOME GAMES

Mar 28th San Francisco Giants @ San Diego Padres

Mar 29th San Francisco Giants @ San Diego Padres

Mar 30th San Francisco Giants @ San Diego Padres

Mar 31st San Francisco Giants @ San Diego Padres

Apr 1st St Louis cardinals @ San Diego Padres

Apr 2nd St Louis Cardinals @ San Diego Padres

Apr 3rd St Louis Cardinals @ San Diego Padres

Apr 8th Chicago Cubs @ San Diego Padres

Apr 9th Chicago Cubs @ San Diego Padres

Apr 10th Chicago Cubs @ San Diego Padres

Apr 19th Toronto Blue Jays @ San Diego Padres

Apr 20th Toronto Blue Jays @ San Diego Padres

Apr 21st Toronto Blue Jays @ San Diego Padres

Apr 26th Philadelphia Phillies @ San Diego Padres

Apr 27th Philadelphia Phillies @ San Diego Padres

Apr 28th Philadelphia Phillies @ San Diego Padres

Apr 29th Cincinnati Reds @ San Diego Padres

Apr 30th Cincinnati Reds @ San Diego Padres

Ocean Beach Pier Renewal Community Workshop #4

PREFERRED DESIGN CONCEPT FOR A POTENTIAL OCEAN BEACH PIER REPLACEMENT WILL BE UNVEILED

During this workshop, the City of San Diego and its consultants will present the preferred design concept for a potential Ocean Beach Pier replacement. The preferred design concept was created based on public input of the three preliminary design concepts that were presented in September 2023.

Saturday, April 6, 2024 - 2:00 pm to 5:00 pm Liberty Station Conference Center 2600 Laning Road, San Diego, CA, 92106

Update by the Ocean Beach Mainstreet Association.

CONGRATULATIONS TO BRENT COLE FOR #1 AGENT WITH $6,245,000 IN SALES VOLUME FOR JAN/FEB 2024

Brent Cole is a native of San Diego with tremendous enthusiasm for his hometown and its future development. Brent started his real estate career in 2004, working in new home sales during the Downtown condo construction boom of the 2000’s. Brent then transitioned into the residential resale market. With almost two decades of experience, negotiating large numbers of real estate contracts has groomed Brent into an expert negotiator for his clients. Brent’s local knowledge, easy-going demeanor, and commitment to superior customer service are the valuable qualities that one can expect when working with Brent.

JOANNA