San Diego Resident: Mission Hills May 2023

4128 Ibis St., San Diego • 3 beds • 1.5 baths • 1,355 sq. ft. • $1,329,000 TODD ARMSTRONG (DRE# 01256537) / JEFF BRICK (DRE# 02156850)

Mick Frasca (DRE# 02028305)

John Hernandez (DRE# 01990576)

Sofia Arthur (DRE# 02100243)

Scott Robeson (DRE# 02019463)

Jeff Brick (DRE# 02156850)

Todd Armstrong (DRE# 01256537)

Christopher Triana (DRE# 02127696)

Ryan Dick (DRE# 01951618)

Jill Eastman (DRE# 01809507)

Michelle Tharayil (DRE# 01924920)

ARMSTRONG & ASSOCIATES | COMPASS

Michael Nyland (BUSINESS DEVELOPMENT DIR.)

Jonathan Bernard (DRE# 02038285)

Become a VIP with A&A and Compass

RENOVATION CONSULTATION

We can help you make the best decision when it comes to increasing your home’s value.

PRE-MARKET PROPERTY INFORMATION

You get access to San Diego-area “pocket listings” that give you a competitive advantage.

RELOCATION CONCIERGE

Temporary leasing assistance, access to school ratings, customized city tours and more!

REAL ESTATE NEIGHBORHOOD EXPERTISE

We personally know the in’s and outs of the region. We will will tailor your real estate search for YOUR desires.

EXCLUSIVE VIP EVENTS

First-time homebuyer classes, real estate investment coaching, social events and more.

MARKET UPDATES

We provide up-to-date market stats that have not been watered down. REFERRALS

Our personal vendors will not only be available to you but with valuable discounts.

No matter where you are in your career we are your trusted advisors every step of the way.

$70+M TOTAL SALES VOLUME

125+ CLIENTS SERVED TO DATE

78+ TOTAL TRANSACTIONS

100+ COMBINED YEARS OF EXPERIENCE

Nestled in the desirable neighborhood of Mission Hills, this stunning, Craftsman style home offers the ultimate combination of charm, comfort, and convenience. Classic Coastal California Craftsman design, this home features an open floor plan with ample natural light, perfect for entertaining and relaxation. With 3 bedrooms and 1.5 bathrooms, this home provides ample space for a growing family or guests. This home is just blocks away from award winning restaurants, shopping, entertainment, and outdoor recreation. Step outside, where you’ll find a large, beautifully landscaped yard with a covered patio and plenty of space for gardening or entertaining guests. This is a great opportunity with endless possibilities and provides an option to convert the current detached garage to a legal ADU with alley access, perfect for guests or rental income.

4128 Ibis St., San Diego • 3 beds • 1.5 baths

1,355 sq. ft. • $1,329,000

TODD ARMSTRONG (DRE# 01256537) JEFF BRICK (DRE# 02156850)

1051 Candlecrest Dr., Thousand Oaks 7 beds • 8 baths • 10,110 sq. ft. • $8,600,000 TODD ARMSTRONG (DRE# 01256537)

View a video tour of this home.

MISSION HILLS

MARKET REPORT

The Bohanna Estate Wine & Art Soiree

I just wanted to take this opportunity to say THANK YOU for coming to our Art & Wine Soriée, celebrating the incredible legacy of Bobbie Bohannan and her incredible estate & most importantly, welcoming the new buyers to the neighborhood. The Armstrong & Associates team pride themselves on giving back to the community, hosting fun events, and most importantly, bringing our expertise to the table when it comes to selling real estate in Mission Hills. All the event photos and video can be found on our website for free downloads and we welcome you to use the QR Code to the far right to sign-up for all our other future fun events. We have some fun things planned for the summer and welcome the neighborhood to come out and join us. Stay tuned for more incredible homes in Mission Hills.

2440 Pine St., San Diego • 6 beds • 7 baths • 5,516 sq. ft. • $4,555,000 TODD ARMSTRONG (DRE# 01256537)

507 Broadview St., San Diego 3 beds • 1.5 baths • 1,055 sq. ft * $500,000 TODD ARMSTRONG (DRE# 01256537)

6166 Lemonglaze Ct., San Diego 5 beds • 5.5 baths • 6,104 sq. ft • $5,275,000 TODD ARMSTRONG (DRE# 01256537)

Jill Eastman

(DRE# 01809507)

JILL EASTMAN IS AN EXCEPTIONAL REAL ESTATE AGENT with an impressive track record of success in the competitive San Diego market. With 15 years of experience, she has established herself as a top producer in the industry, consistently ranking in the top 5% of brokers in San Diego. Her unparalleled work ethic, expert market knowledge, and commitment to her clients have earned her a reputation as one of the most trusted and soughtafter agents in the city.

Jill’s interests and hobbies include public speaking, roller blading, camping and she is a long time supporter of the Diabetes Research Institute; from being selected as a research patient (from a group of 128,000 applicants), to working on committees and fundraising efforts. Jill also volunteers with the San Diego Humane Society.

Business Spotlight

“Farmer’s Bottega is one of the best restaurants in Mission Hills in my book. Whether it’s breakfast after fasting labs or lunch or dinner with clients, the food is fresh and excellent tasting, the service fantastic and their list of wines and drinks will satisfy even the most particular person. Every meal and experience I have ever had here has been above expectations. This is why I highly recommend Farmer’s Bottega.”

Jill’s recent and notable sales:

16226 Camden Circle, San Diego

3 Beds • 3.5 Baths • 2,034 sq. ft. Sold for $1,275,000

18008 Dos Picos Park Rd., Ramona 5 Beds • 3 Baths • 2,560 sq. ft. Sold for $1,100,000

2248 Washington St., Lemon Grove 3 Beds • 2 Baths • 1,973 Sq. Ft. Sold for $725,000

Why is the San Diego home market so HOT? Don’t believe the dejected media and so-called, Wall Street experts. One factor all these “doom and gloomers” didn’t account for is the extremely low inventory in the San Diego housing market.

If you look back at one of our first articles, I predicted this perfect storm would happen.

With interest rates coming down to mid 5’s to low 6’s, combined with a low inventory environment, has caused another seller’s market boom in most areas of San Diego. The Tribune says San Diego home prices are up 5% in the last month alone.

I’m seeing multiple offers on our listings with most going way above the listing price. There is one with one large caveat…..You still need to price your home correctly. Shocking right? Looking at a snapshot of all the detached homes in 92103, I’m seeing most homes that are sitting on the market more than 30 days, are overpriced and some are grossly overpriced.

Buyers are extremely savvy, especially when rates are this high so they will not attempt to engage with a seller who is unrealistic on price. This just goes to show you, working with a local market expert with a proven track record is key to pricing your home correctly. Don’t fall into the trap of believing the agent that tells you the price you want to hear rather than the price you should consider. Our strategy is to come in slightly below value on our listing prices resulting in our sellers receiving multiple bids going over the listing price significantly. Who doesn’t like a bidding war?

FISHER GROSS KITCHEN & BATH

CALL KARIN TODAY AND RECEIVE $500 OFF A FULL KITCHEN DESIGN!

Fisher Gross Kitchen & Bath Studio, was founded in 1999 to participate with homeowners and industry professionals in creating custom residential designs and remodels. Our vision is to create an elevated experience through exceptional service. With each of our clients, we strive to establish value in an industry where choices are limitless. Fisher Gross Inc. specializes in custom cabinetry for residential remodeling projects. Our designs begin with the fundamental aspects of space, moving into the functional necessities while focusing on the personal needs of the homeowner. Every detail is evaluated as to its effect on the balance and harmony of the entire space. We believe that every area we design for you must be practical, durable, multi-functional and beautiful. By combining wide selections of styles, functions and features, Fisher Gross Inc. will create that unique space for you to live in and enjoy for years to come.

912 W. Washington St., San Diego, CA 92103 | (619) 574-1010 | FisherGross.com

PRESENTED BY TODD ARMSTRONG & ASSOCIATES

MISSION HILLS FINANCIAL

ADVICE FOR A TURBULENT MARKET

We believe staying strong during market downturns is key to successful investing. Rather than fearing the current state of the economy, we feel it is important to view it as an opportunity to capitalize on undervalued assets. Remember, markets are cyclical and downturns have historically led to recovery although past performance does not guarantee future results. If you have any questions or concerns about your investments, retirement, or how to capitalize on market downturns, please reach out to us. With over 30 years of experience serving the San Diego community, we’re here to help. Give us a call and book a free consultation today.

1633 West Lewis St. | (619) 294-9420 | MissionHillsFinancial.com

PRESENTED BY TODD ARMSTRONG & ASSOCIATES

A&A has several “off market” new listings, brand new construction, and other coming soon properties. These are Private and Exclusive properties ONLY AVAILABLE to A&A clients. If you are not working with an agent & would like to work with us and gain access to our “Private Exclusive inventory”, simply scan this QR code and fill out our simple 1 minute questionnaire. We would love to work with you!

Spring Valley

3 beds • 3 baths • Approx. 2,500 sq.ft. New construction with jet liner and ocean views (optional room available)

Mission Hills

3 beds • 1 bath • 1,816 sq.ft. Single level Bungalow

Hillcrest

2 beds • 3 baths 1,026 sq.ft.

Otay Ranch, Chula Vista

5 beds • 3 baths • 2,656 sq.ft. Cul de sac highly desired neighborhood

2293 Los Senderos, Santee

3 beds • 2 baths • 2,060 sq. ft.

$999,888

TODD ARMSTRONG (DRE# 01256537)

350 Nutmeg St #302, San Diego

2 beds • 2 baths • 1,576 sq. ft.

$975,000

TODD ARMSTRONG (DRE# 01256537)

JEFF BRICK (DRE# 02156850)

Current Buyer’s Needs

Current Buyer’s Needs

Buyer 1

Looking in Mission Hills

Buyer 1

Mission Hills, Up to 5M, Modern, turnkey, no canyons or hills - child friendly - casually looking but if something phenomenal came up would consider

Looking in Mission Hills

Single Level or Master downstairs. Must have yard and 2 car garage, Max price $4,000,000.

Single Level or Master downstairs. Must have yard and 2 car garage, Max price $4,000,000

Mission Hills/Point Loma looking for off market views, pool, entertainment/party pad

Buyer 2

Buyer 2

Looking for a Fixer Upper in Mission Hills. Cash Buyer. The worse the condition the better!

Mission Hills/Bankers Hill - SFR, 1-2 levels, on a canyon with a view, 3+ bed, 2+ bath, 2000+ sq.ft. yard and walkable to the bars/restaurants. Up to $3.3 Million. A spa and pool would be nice, but if not at least room for them to be added. Open to some light changes, but not a full fixer.

Looking for a Fixer Upper in Mission Hills. Cash Buyer. The worse the condition the better!

Buyer 3

Buyer 3

Needs

Buyer’s Needs

Couple Looking in SD Metro Area, 92103 and surrounding areas

Mission Hills and anything coastal all the way up to Carlsbad that has an amazing view, 1900-1950 Spanish SFR, 1-2 levels, on a canyon with an ocean view, 3+ bed, 2+ bath, 1800+ sq.ft. Prefer it to have a courtyard, An L or U-shaped house is preferred, yard and pool or room for one is preferred. Up to $2.5M, but think there is some flexibility. They love the old original character but do not want a trashed fixer version of it.

(Pool or level lot) Must have 2 car garage

Max price $1,600,000.

Couple Looking in SD Metro Area, 92103 and surrounding areas (Pool or level lot) Must have 2 car garage Max price $1,600,000

Mission Hills/Hillcrest/University Heights - lot or small home on preferably a canyon that the client can build or an addition/major remodel - Looking to stay under $700k with a home on it already or under $400k if raw land.

Buyer 4

Buyer 4

Couple Looking for North of Downtown

Couple Looking for North of Downtown

Mission Hills, Up to $1M 2+ bed, 1+ bath, 1200+ sq.ft. canyon lot preferred with a view, does not want to be in a flat/grid area.

Within 30 minutes of Hillcrest, Remodeled

7

Within 30 minutes of Hillcrest, Remodeled with Pool or level lot .

Mission Hills, Metro and Point Loma 1.5M

Max price $1,000,000

Armstrong & Associates

Todd Armstrong 858.229.8752

todd.armstrong@compass.com armstrongestates.com

DRE 01256537

DRE 01256537

WELCOME TO MÖDE, A NEW LOOK FOR APARTMENT LIVING IN HILLCREST.

Welcome to Hillcrest, a fabulous community with tons of style and grit, and MÖDE is your luxury living destination in the center of all the action. With its modern interiors, upscale amenities, and top-notch services, MÖDE’s personality is larger-than-life and created for all. Enjoy premium living in the neighborhood you want to be in and in a place that fits your vibe.

CALENDAR SAN DIEGO

PADRES MAY HOME SCHEDULE

PETCO Park, 100 Park Blvd, San Diego mlb.com/padres

MAY 05 6:40 PM vs. Los Angeles Dodgers

MAY 06 5:40 PM vs. Los Angeles Dodgers

MAY 07 4:08 PM vs. Los Angeles Dodgers

MAY 15 6:40 PM vs. Kansas City Royals

MAY 16 6:40 PM vs. Kansas City Royals

MAY 17 1:10 PM vs. Kansas City Royals

MAY 19 6:40 PM vs. Boston Red Sox

MAY 20 7:10 PM vs. Boston Red Sox

MAY 21 1:10 PM vs. Boston Red Sox

JUN 02 6:40 PM vs. Chicago Cubs

3.18-5.14

SPRING SAFARI: FEATURING BUTTERFLY JUNGLE

San Diego Safari Park

15500 San Pasqual Valley Road, Escondido sdzsafaripark.org

Come visit Safari Park’s Hidden Jungle aviary, filled with colorful, fluttering butterflies. This is a great opportunity to capture amazing photos—and experience wonder while discovering the important role butterflies play in nature.

5.20

LA JOLLA HALF MARATHON & 5K

2260 Jimmy Durante Blvd. Del Mar lajollahalfmarathon.com

The La Jolla Half Marathon is one of America’s most picturesque and beautiful point-to-point races. Starting at the Del Mar Fairgrounds, the course follows a scenic coastal route before reaching the challenging climb to the summit of Torrey Pines State Park. The course then rolls atop Torrey Pines mesa, continues down through residential La Jolla Shores, and finishes at La Jolla Cove.

5.20-21

FIESTA DEL SOL

42nd Annual Beachside Music Festival

111 S Sierra Ave, Solana Beach fiestadelsol.net

Beachfront entertainment with live music, food, arts and crafts and shopping. Fun in the sun!

Ocean Beach Pier

Fun facts...

• Longest concrete pier on the West Coast at 1,971 feet.

• 500,000+ Visitors Per Year.

• Official opening was on July 2, 1966.

• It was originally named San Diego Fishing Pier.

• One of the most visited landmarks in San Diego County.

• Herring is the most common fish caught off the pier.

• No fishing license is required to fish there.

• Past estimates from the city suggested it would cost over $65 million to replace the pier. 56 years of heavy surf has hurt the structure.

How Armstrong & Associates helps all types of clients, whether they’re buying and/or selling:

For the client who’s considering investing in real estate:

People have been asking, “Do I wait to buy, or buy and wait?” Tough questions like this require expert advice. With decades of industry experience and professional excellence, Armstrong & Associates is able to provide answers and create customized strategies for each client’s specific goals.

For the client looking to buy or sell out of state:

As part of a national network of 21,000+ Compass agents, Armstrong & Associates has coast-to-coast connections to help their clients plan their next move, however far away it may be.

There’s an easy solution for helping your friends and family maximize their real estate transactions: call Armstrong & Associates.

Celebrate May