San Diego Lifestyle May | June 2015

YOUR GATEWAY TO SAN DIEGO REAL ESTATE

J U N E |

Dedicated to the extraordinary.

The exceptional. The unique.

D I E G O

M A Y

KING

2 0 1 5

S A N

Oh-soBlissful Elegant!

Surroundings

“At Pacific Sotheby’s International Realty we offer a distinct advantage to both buyers and sellers in San Diego. Due to the constant influx of buyers to San Diego from around the world, it is important to hire the right Realtor to market your property. Not just locally, but globally. We can do that for you. Not only are we committed to getting your property seen by the best and most qualified buyers from around the world, we are also committed to providing you with an exceptional client experience. Having a dedicated real estate professional on your side for all your real estate needs is essential. Contact us to begin your exceptional client experience.”

Distinctive homes, Global marketing, Superior service.

Dave King Direct: 619.405.1937

dave.king@sothebysrealty.com

www.DaveKingHomes.com CalBRE #00882101

Office: 619.269.2266 | Fax: 619.269.3766 | 2850 Womble Rd. | Suite 102 | San Diego If your home is currently listed, this is not a solicitation for that listing.

Produced by Upscale Real Estate Marketing • 858.245.5393 • www.UpscaleRealEstateMarketing.com

Cover Photography | Candelaria Design

www.davekinghomes.com

Real Estate Update First-time Buyers Enter

Morton’s Magical Blueberry Mortini

San Diego Presented By Dave King

Blissful Surroundings

In Good Taste Morton’s 285 J Street | 619.696.3369

Elegance. How do you define it? When it comes to your home, it’s anything that makes you feel special, graceful, and sophisticated. Being in elegant surroundings—think of a posh hotel, a chic urban eatery, or even a grand museum—has an impact on how we feel. We feel uplifted and stylish, and in turn, we feel happy, like anything can happen on any given day. Here’s how to create an elegant room filled with the right elements so you’ll feel inspired to live a beautiful life.

Blueberry Mortini INGREDIENTS 3 oz Stoli Blueberi Vodka ½ oz Triple Sec 1 oz DaVinci, all natural blueberry syrup

PREPARATION Pour all ingredients into a Boston shaker. Shake 15 times.

Pour into a Mortini glass.

If you want elegance, the size and grandeur of a room definitely helps set the stage. A living room with high ceilings, an open floor plan, and tall windows is a perfect place to start. Silk drapes can give a room a sweeping feeling of elegance with soft natural light streaming in from behind. Even if you don’t have those elements, simple tips can trick the eye. Hang your drapes as high as possible, just grazing the floor to give the room a feeling of height. To keep it airy and open feeling, select light paint hues or maybe an ethereal white. Light colors will keep the space soothing and inviting … you want a room of enlightenment. (Leave the darker colors for the den!)

INGREDIENTS 4 oz pasteurized egg whites 3 oz Grand Marnier 4 oz passion fruit puree 4 oz sweet & sour Juice of ½ lime

MAY | JUNE 2015

Appoint your room with glass and metal end tables and coffee tables to achieve a free-flowing space. This is a room for discussions, music, and entertaining.

The final details for an air of joyful elegance: fresh flowers in beautiful vases, books on favorite artists and authors, and perhaps sculpture or a piano to make the mood sublime. We’re not talking stuffy … just setting the room with beautiful items that make you smile when you see them, that evoke memories and make you feel blissful and ready for anything that may come your way. Living your life in a beautiful and elegant setting can truly impact your happiness. Find your bliss!

Décor is usually minimal in sophisticated spaces, for clutter is anything but elegant. Artwork lends a refined touch to interiors, and adds splashes of color to more monochromatic rooms. Neutral area rugs and symmetrically aligned furniture keep the mood intimate and understated. Sofas and armchairs are more tailored and trimmed than their softer, sink-into-them cousins that are more at home in the family room. Wood tones are also mostly light, while lamps, frames, and accessories are done in shiny silvers and golds for a polished look.

Option to top with 2 oz of Morton’s Heavenly Foam

Event Calendar

PREPARATION

Mother’s Day Champagne Brunch Pine Hills Lodge, Julian | May 10 760.765.1100 | pinehillslodge.com Treat mom to a spectacular champagne brunch! Enjoy the fresh air in a resort atmosphere, near the old mining town of Julian. Whisk her away and all mom will have to do is enjoy the scenery, the wonderful cuisine, and your company.

Escondido Spring Street Faire Escondido | May 17 kennedyfaires.com/escondido The Escondido Street Faire brings live entertainment, over 500 vendors, children’s rides and activities, and food from around the world to the downtown tree-lined streets of Escondido.

2015 San Diego County Fair

Measure all ingredients into foamer. Close lid and add charge. Shake vigorously for 5 seconds to blend ingredients.

Del Mar Fairgrounds | June 5 – July 5 858.755.1161| sdfair.com San Diego’s annual county fair is the largest fair in California, offering a variety of food, entertainment, exhibits, rides and games throughout the beautiful and historical Del Mar Fairgrounds in the oceanfront village of Del Mar.

Yields to top 6-7 drinks

2015 REAL ESTATE MARKET UPDATE The 2015 real estate market is being characterized by experts as a “return to normalcy”. In recent years the market has been dominated by investors (lured by appreciating prices and foreclosures) who were willing to pay cash thus making it more difficult for traditional home buyers to compete.

New and existing home sales are expected to increase by as much as 20% in 2015 due to continued gains in the job

market. Households will finally enjoy “real” wage gains.

2015 could be the end of bidding wars and all-cash offers.

Home buyers with regular jobs and 20% down now have an opportunity to get into the market – either as returning buyers or first-time home buyers.

Many millennials have postponed home ownership in favor of renting. With more of that generation now starting families, experts predict that by the end of 2015, millennial buyers will be the largest group of home buyers. The first-time buyer market will return to more normal levels due to this increased demand from the millennial buyer. Also, with fewer homes underwater, baby boomers may finally start to downsize and move closer to the grandkids.

Stan Humphries, chief economist for Zillow.com, “It’s been

a tough market for buyers,” he says. “I think it’s going to get easier in 2015. Negotiating power will move back to buyers and away from sellers. It will be a much more balanced market.”

At the same time, foreign investors may still find the luxury US real estate market appealing because of economic instability in their home countries. The high end real estate market may still be dominated by cash transactions from foreign investors.

The 2015 president of the San Diego Association of Realtors, Chris Anderson, says the real estate market has stabilized in the area. Single-family home values went up nearly 5% in 2014, while the number of homes sold went down.

But, expect prices to climb again in 2015, attracting interest.

“It usually causes buyers to flood our market because they want to get in while they’re still low ... and so we will probably have more sales and that will cause a little more appreciation,” said Anderson.

Despite historically low inventory in the San Diego market with just 8,000 homes up for sale, Anderson says job growth will be a key factor helping drive the housing market as first-time buyers move in and existing owners move up to bigger homes.

The Toast of the Coast Wine Competition & Festival Del Mar Fairgrounds | June 13 858.755.1161 | thetoastofthecoast.com The Toast of the Coast will feature the finest wines from licensed wineries in California and Baja California.

When you find one you like, you’ll be able to buy bottles to take home.

Fairy Festival San Diego Botanic Garden, Encinitas | June 20 760.436.3036 | sdbgarden.org/fairyfest.htm Fairies! Come celebrate summer at the Hamilton Children’s Garden. Wear your fairy costume or come just as you are. Create a fairy house, make fairy treasures, leave messages on the wishing bush, or shop in the Fairyland market.

Father’s Day Cruises Harbor Drive, San Diego June 21 619.686.8715 | hornblower.com Spend Father’s Day the right way: Treat dad to a late lunch with Hornblower Cruises. If the enticing menu, scenery and family time aren’t enough, don’t forget that all dads take home a complimentary pint glass!

Blissful Surroundings

In Good Taste Morton’s 285 J Street | 619.696.3369

Elegance. How do you define it? When it comes to your home, it’s anything that makes you feel special, graceful, and sophisticated. Being in elegant surroundings—think of a posh hotel, a chic urban eatery, or even a grand museum—has an impact on how we feel. We feel uplifted and stylish, and in turn, we feel happy, like anything can happen on any given day. Here’s how to create an elegant room filled with the right elements so you’ll feel inspired to live a beautiful life.

Blueberry Mortini INGREDIENTS 3 oz Stoli Blueberi Vodka ½ oz Triple Sec 1 oz DaVinci, all natural blueberry syrup

PREPARATION Pour all ingredients into a Boston shaker. Shake 15 times.

Pour into a Mortini glass.

If you want elegance, the size and grandeur of a room definitely helps set the stage. A living room with high ceilings, an open floor plan, and tall windows is a perfect place to start. Silk drapes can give a room a sweeping feeling of elegance with soft natural light streaming in from behind. Even if you don’t have those elements, simple tips can trick the eye. Hang your drapes as high as possible, just grazing the floor to give the room a feeling of height. To keep it airy and open feeling, select light paint hues or maybe an ethereal white. Light colors will keep the space soothing and inviting … you want a room of enlightenment. (Leave the darker colors for the den!)

INGREDIENTS 4 oz pasteurized egg whites 3 oz Grand Marnier 4 oz passion fruit puree 4 oz sweet & sour Juice of ½ lime

MAY | JUNE 2015

Appoint your room with glass and metal end tables and coffee tables to achieve a free-flowing space. This is a room for discussions, music, and entertaining.

The final details for an air of joyful elegance: fresh flowers in beautiful vases, books on favorite artists and authors, and perhaps sculpture or a piano to make the mood sublime. We’re not talking stuffy … just setting the room with beautiful items that make you smile when you see them, that evoke memories and make you feel blissful and ready for anything that may come your way. Living your life in a beautiful and elegant setting can truly impact your happiness. Find your bliss!

Décor is usually minimal in sophisticated spaces, for clutter is anything but elegant. Artwork lends a refined touch to interiors, and adds splashes of color to more monochromatic rooms. Neutral area rugs and symmetrically aligned furniture keep the mood intimate and understated. Sofas and armchairs are more tailored and trimmed than their softer, sink-into-them cousins that are more at home in the family room. Wood tones are also mostly light, while lamps, frames, and accessories are done in shiny silvers and golds for a polished look.

Option to top with 2 oz of Morton’s Heavenly Foam

Event Calendar

PREPARATION

Mother’s Day Champagne Brunch Pine Hills Lodge, Julian | May 10 760.765.1100 | pinehillslodge.com Treat mom to a spectacular champagne brunch! Enjoy the fresh air in a resort atmosphere, near the old mining town of Julian. Whisk her away and all mom will have to do is enjoy the scenery, the wonderful cuisine, and your company.

Escondido Spring Street Faire Escondido | May 17 kennedyfaires.com/escondido The Escondido Street Faire brings live entertainment, over 500 vendors, children’s rides and activities, and food from around the world to the downtown tree-lined streets of Escondido.

2015 San Diego County Fair

Measure all ingredients into foamer. Close lid and add charge. Shake vigorously for 5 seconds to blend ingredients.

Del Mar Fairgrounds | June 5 – July 5 858.755.1161| sdfair.com San Diego’s annual county fair is the largest fair in California, offering a variety of food, entertainment, exhibits, rides and games throughout the beautiful and historical Del Mar Fairgrounds in the oceanfront village of Del Mar.

Yields to top 6-7 drinks

2015 REAL ESTATE MARKET UPDATE The 2015 real estate market is being characterized by experts as a “return to normalcy”. In recent years the market has been dominated by investors (lured by appreciating prices and foreclosures) who were willing to pay cash thus making it more difficult for traditional home buyers to compete.

New and existing home sales are expected to increase by as much as 20% in 2015 due to continued gains in the job

market. Households will finally enjoy “real” wage gains.

2015 could be the end of bidding wars and all-cash offers.

Home buyers with regular jobs and 20% down now have an opportunity to get into the market – either as returning buyers or first-time home buyers.

Many millennials have postponed home ownership in favor of renting. With more of that generation now starting families, experts predict that by the end of 2015, millennial buyers will be the largest group of home buyers. The first-time buyer market will return to more normal levels due to this increased demand from the millennial buyer. Also, with fewer homes underwater, baby boomers may finally start to downsize and move closer to the grandkids.

Stan Humphries, chief economist for Zillow.com, “It’s been

a tough market for buyers,” he says. “I think it’s going to get easier in 2015. Negotiating power will move back to buyers and away from sellers. It will be a much more balanced market.”

At the same time, foreign investors may still find the luxury US real estate market appealing because of economic instability in their home countries. The high end real estate market may still be dominated by cash transactions from foreign investors.

The 2015 president of the San Diego Association of Realtors, Chris Anderson, says the real estate market has stabilized in the area. Single-family home values went up nearly 5% in 2014, while the number of homes sold went down.

But, expect prices to climb again in 2015, attracting interest.

“It usually causes buyers to flood our market because they want to get in while they’re still low ... and so we will probably have more sales and that will cause a little more appreciation,” said Anderson.

Despite historically low inventory in the San Diego market with just 8,000 homes up for sale, Anderson says job growth will be a key factor helping drive the housing market as first-time buyers move in and existing owners move up to bigger homes.

The Toast of the Coast Wine Competition & Festival Del Mar Fairgrounds | June 13 858.755.1161 | thetoastofthecoast.com The Toast of the Coast will feature the finest wines from licensed wineries in California and Baja California.

When you find one you like, you’ll be able to buy bottles to take home.

Fairy Festival San Diego Botanic Garden, Encinitas | June 20 760.436.3036 | sdbgarden.org/fairyfest.htm Fairies! Come celebrate summer at the Hamilton Children’s Garden. Wear your fairy costume or come just as you are. Create a fairy house, make fairy treasures, leave messages on the wishing bush, or shop in the Fairyland market.

Father’s Day Cruises Harbor Drive, San Diego June 21 619.686.8715 | hornblower.com Spend Father’s Day the right way: Treat dad to a late lunch with Hornblower Cruises. If the enticing menu, scenery and family time aren’t enough, don’t forget that all dads take home a complimentary pint glass!

YOUR GATEWAY TO SAN DIEGO REAL ESTATE

J U N E |

Dedicated to the extraordinary.

The exceptional. The unique.

D I E G O

M A Y

KING

2 0 1 5

S A N

Oh-soBlissful Elegant!

Surroundings

“At Pacific Sotheby’s International Realty we offer a distinct advantage to both buyers and sellers in San Diego. Due to the constant influx of buyers to San Diego from around the world, it is important to hire the right Realtor to market your property. Not just locally, but globally. We can do that for you. Not only are we committed to getting your property seen by the best and most qualified buyers from around the world, we are also committed to providing you with an exceptional client experience. Having a dedicated real estate professional on your side for all your real estate needs is essential. Contact us to begin your exceptional client experience.”

Distinctive homes, Global marketing, Superior service.

Dave King Direct: 619.405.1937

dave.king@sothebysrealty.com

www.DaveKingHomes.com CalBRE #00882101

Office: 619.269.2266 | Fax: 619.269.3766 | 2850 Womble Rd. | Suite 102 | San Diego If your home is currently listed, this is not a solicitation for that listing.

Produced by Upscale Real Estate Marketing • 858.245.5393 • www.UpscaleRealEstateMarketing.com

Cover Photography | Candelaria Design

www.davekinghomes.com

Real Estate Update First-time Buyers Enter

Morton’s Magical Blueberry Mortini

San Diego Presented By Dave King