Real Estate

By SARAH WARD

point all at once and begin the trillion in stimulus. Something search for a property. Renters has to give and as long as the

Simply put, current real estate have been told for years by their nation’s debt continues to rise, prices are not in equilibrium. elders to “buy a home!” and and the dollar continues to get When it comes to a hot stock, the are finally acting on it. Other weaker, expect home prices to stock price may increase by 50% homeowners are moving out continue rising. Purchasing real over just a couple of months and of smaller properties and up to estate in the world’s finest city with gasoline prices we have all larger properties. San Diego has with limited buildable land, is experienced a 25% increase in a very little land left on which to a low-risk proposition and has matter of weeks. However, home build so the supply of housing the potential to build substantial prices do not quickly adjust to cannot quickly increase. Also, equity. the equilibrium point! There are it is wildly expensive and diffi- If you are still renting and many reasons for this including cult for contractors and devel- have decent income, contact me appraisers who are slow to move opers to build homes these days, at your earliest convenience. I the value up or down and banks which slows down the process of am a specialist in getting buyer’s who lend on conservative val- increasing supply. offers accepted in this current ues. But currently demand is Another interesting factor market. I use many tools includgreatly outstripping supply, is that homes are an excellent ing exceedingly clean offers with causing prices to push upward investment because you can fully approved loans and direct as fast as they are able. put little money down to own communication with agents.

Many sellers are holding off a high value property and then Also, I continue to handle listwith placing their property on rent it to pay the mortgage. For ings all over San Diego county. If the market in anticipation of example, buy a $700,000 home you are thinking about selling, higher prices a year from now for $200,000 down and wait reach out and I will guide you while with buyers, it’s exactly 10 years for prices to double to on the home selling process to the opposite. The expectation of $1,400,000. You just made al- ensure you get top dollar with higher prices is causing a mad most a million dollars and had the fewest days on market. dash to buy a property as soon renters paying most or all of as possible. your mortgage the whole time! MARKET SUMMARY SINGLE

Some thought that after last We put a property on the market FAMILY HOMES year’s spike in home prices, this last week in Mira Mesa and had 92115 College Area: the year would bring just moderate nearly 30 offers in three days, year over year median home increases. However, year to date many from investors! I just read price is up 16% to $739,500 home prices continue their sig- in The Wall Street Journal that and with only 13 homes on the nificant upward climb. large Wall Street funds are buy- market compared to typically

Several factors explain this ing up hundreds of thousands over 50. phenomenon. The government of homes across this nation and 92119 San Carlos: The year is massively increasing the mon- renting them out for the long- over year median home price is ey supply and increasing the term. The article stated that in up 12% to $827,500 and with nation’s debt in unprecedented Houston, Texas nearly 25% of all only six homes on the market for ways. Fundamental economics home sales are sold to investors! the entire zip code! dictates the consequence of this The article had one example 92120 Del Cerro/Allied action is weakening the nation’s where a hedge fund purchased Gardens: The median home dollar which directly causes the an entire neighborhood under price is up 9% to $873,750 and price of nearly everything to go construction. with just 12 homes on the marup. This is happening with the If you still do not own a prop- ket currently. stock market, the price of gas, erty, I strongly believe prices will food, and of course home prices. continue their upward trajecto- —Sarah Ward is a realtor with

Additionally, the work-from- ry for some time. I recently saw Fine & Coastal Real Estate. Reach RESTAURANT OWNERShome issue is causing many renters to reach the tipping that Washington D.C. is now trying to pass yet another $2 her at sarah@fineandcoastal.com, or 858-431-6043.

PLACE YOUR AD HERE!

Crusaders Soccer Club restarts competitive play

By JAY WILSON

For the first time in 14 months, on Saturday and Sunday, March 27 and 28, the competitive teams from the Crusaders Soccer Club were allowed to play games against teams from other soccer clubs throughout San Diego County. Thus, began the first of up to 10 weeks of weekend games for this unusual spring season for competitive teams.

“It was a great weekend to see our teams playing real games against teams from throughout San Diego. Every week our teams are playing Shelby Harden shows her skills (Courtesy CSC) games on our fields throughout San Diego County,” and made the leap up to the comsaid Rene Miramontes, director of petitive level. coaching for Crusaders Soccer Club. In addition to all the competitive “Our players and coaches have been games, 46 recreational division diligently training two and three teams continue with their very suctimes a week since June and to see cessful spring season which plays them actually playing a real game on Sundays through May 2. was just outstanding.” A special thanks to Mark Dirkes,

A competitive spring season is a Crusaders competitive coachunusual for the soccer clubs affiliat- es and owner of MD Coating & ed with the Presidio Soccer League. Specialty Finishes, for donating The competitive season is scheduled the manpower, paint and the large to run through May. Crusaders letters and logo now

All you have to do is look at featured on the south side of the the faces of the players. You can Crusaders cargo container on the see the excitement on their faces. Pershing Middle School field. After hours and hours of practice, For more information about the they finally have an opportunity Crusaders Soccer Club, visit our to play real games against teams website at crusaderssocer.org or from other clubs. For several of the follow on Facebook, Twitter and Crusaders competitive teams it was Instagram. their first competitive game because last fall they were playing in —Jay Wilson writes on behalf of the Crusaders recreational division Crusaders Soccer Club.

REAL ESTATE SHOWCASE

Call 858.270.3103 to get your property featured today!

We give you the step-by-step support and guidance you need when buying & selling real estate.

Sarah Ward 858-431-6043 | SARAH@FINEANDCOASTAL.COM DRE#01943308

DELIVERED TO LOCAL HOMES & BUSINESSES For more information Call: Your College Area Realtor

As your Neighbor with 15 years experience, I’ll get you the Best Price!

Steve Seus

619-818-3526

SteveSeus@gmail.com www.SteveSeus.com

DRE#01416127

COLEMAN

MOVING SYSTEMS INC.

Office/Residential | Free Wardrobe Use | Piano Moving Last Minute Moves | Packing/Unpacking Discount Packing Materials | Moving all over CA, AZ, NV

7 DAYS A WEEK | FREE ESTIMATES FAMILY OWNED SINCE 1979

(619) 583-7963 • idealservice.com 5161 Waring Rd, San Diego CA License #348810

DRIVE-THRU FOOD COLLECTION DRIVE-THRU FOOD COLLECTION

BENEFITING BENEFITING

Collections Weigh in at 500 lb.! Sat. March 20, 9-11am Sat. March 20, 9Food Drive Runs through April 30 DONATIONS ACCEPTED AT IDEAL, 5161 WARING ROAD, MON-FRI 8AM-5PM 11am

DROP-OFF LOCATIONS NEIGHBORHOOD DROP-OFF SITE DROP-OFF LOCATIONS NEIGHBORHOOD DROP-OFF SITE Allied Gardens 6767 51st St. Hi! My name is: I am collecting for the food drive on March 20th. Allied Gardens 6767 51st St. Hi! My name is: I am collecting for the food drive on March 20th. Our generous community has come together and collected 500 lb. of food for the San Diego, CA 92120 If you bring food to my house, I can donate it for you. San Diego, CA 92120 If you bring food to my house, I can donate it for you.San Diego Food Bank. We admire your giving spirit and thoughtfulness in helping Spring Valley Spring Valley others. We will continue to collect donations through the end of April. 3348 Sweetwater Springs Blvd. 3348 Sweetwater Springs Blvd. Spring Valley, CA 91977 Spring Valley, CA 91977 Due to our region’s high cost of living, tens of thousands of low-income families rely DONATE ONLINE Unable to join us? Donate online or through this QR Code. DONATE ONLINE Unable to join us? Donate online or through this QR Code. on the Food Bank to put food on the table. Of the 350,000 people the Food Bank https://www.fooddriveonline.org/sandiegofoodbank/Neighborhelpingneighbor https://www.fooddriveonline.org/sandiegofoodbank/Neighborhelpingneighborserves monthly, 39,000 are low-income military personnel and their dependents and 10,000 are fixed-income seniors. Join us in supporting the San Diego Food Bank!

SCAN HERE TO DONATE

fooddriveonline.org/ sandiegofoodbank/ NeighborHelpingNeighbor

Call Ideal for all your home service needs! (619) 583-7963 or visit idealservice.com

idealservice.com (619) 583-7963

YORK® Heating & Air

Conditioning Rebate up to $400*

March 1 - June 30, 2021

*Rebate savings depends on equipment and program availability. See dealer for details. HVAC equipment must be purchased and installed by June 30, 2021.

$20 OFF Your Next Service Call!*

* Present coupon at time of service. Not valid with any other offer. Valid for service calls of 1-hour or more. Technician to verify special upon arrival. Not valid towards Service Maintenance Agreement Contract. Expires 6-30-2021 (Offer Code MTC)