Today – June 6th – there is an informal gathering at the Pacific Rim Park in Shelter Island to celebrate the 20th anniversary of the construction of the first Pacific Rim Park in San Diego. The Park is a monument between San Diego and its “sister cities” around the world, such as in Vladivostok in Russia, and cities in China, South Korea, Philippines, Taiwan, Mexico and El Salvador. The Park is located at the southernmost end of Shelter Island–right next to the Harbor Police station, 1401 Shelter Island Dr, San Diego, CA 92106. Time 5:30 – 7:00 PM.
The event is also to celebrate an official send-off in conjunction with the Vladivostok-San Diego Sister Cities for two students who will attend the Vladivostok City Forum at the end of June. The two students attending the forum are Miguel Escobar-Evans, who was a PRP participant in Taiwan, and Zoe Zablow, who is a International Business Major at SDSU.
“Respect OB” – Public Safety Appreciation BBQ – June 7th
Please join OBceans on Sat., June 7th on Veteran’s Plaza (Newport and Abbott) from 12:00-3:00pm for a community-wide Public Safety Appreciation Barbecue! The groups hosting the event will be showing some much deserved appreciation for our public safety officers – including the San Diego Police Department, Fire Department, OB Lifeguards, and other emergency respondents – by treating them to a full barbecue lunch with all the fixins’. Obecians and community members are encouraged to attend the barbecue ($20/adult and $10/child under 12 and free for public safety officers). Please bring your beach chairs and towels for seating – community picnic style! This event is hosted under the umbrella of “RESPECT OB” by the OB Crime Prevention Committee, Ocean Beach Mainstreet Association, Noah Tafolla, Dave Martin and Shades Oceanfront Bistro, Cleaner Streets Initiative (CSI-OB), and the Ocean Beach Town Council.
Petition and Facebook Page Now Available to Support the OB Community Plan
Local OB planners are mobilizing the community in a showdown with the San Diego Planning Commission. They have created a facebook page to rally the troops to attend the City Council Hearing on June 30th: https://www.facebook.com/events/572003009585687/
Organizing Meeting for Support for OB Plan – Monday, June 16th
There will be another organizing meeting for efforts to educate and mobilize the community in support of the OB Community Plan – set for Monday, June 16th, 6pm at the Dog Beach Dog Wash. The effort needs OBceans to join together in this effort.
Friends of OB Library to Meet June 17
The Friends’ next meeting will be held on Tuesday, June 17, at 2 pm in our lovely and historic library. They will discuss the upcoming Book Sale, July 19, 9:30 to 12:30, and other exciting opportunities in our library and community. Everyone is welcome.
105th Anniversary of Collier’s Parklands – OB Historical Society – June 19th
The Ocean Beach Historical Society is celebrating an important historical gift to our peninsula. In 1909, D.C. Collier’s dream of a park for the future children of his beloved community was on it’s way to being established. A sixty acres tract on pueblo lot 206 was dedicated parkland, upon which Collier promised to plant thousand of trees without cost to the city. He’d also connect a road to the two main boulevards.
105 years later parks on the property include: Collier Park, the Point Loma Native Garden, The Ocean Beach Community Garden and Cleater Park (ballfields). Other parts of the property are no longer public parkland. Learn about the parks’ turbulent past, including areas that lost protection as designated parkland. Hear about the home for unwed mothers that sat on the parklands’ site for decades. Come celebrate the Collier Parkland’s 105th Anniversary!Ocean Beach Historical Society Presents 105th ANNIIVERSARY OF COLLIIER’S PARKLANDS!!
Featuring John Noble, Richard Dhu & Kathy Blavatt, and others, Thursdau, June 19, 7PM at P.L. United Methodist Church, 1984 Sunset Cliffs Blvd., O.B. www.obhistory.wordpress.com
Vandalism at Mike Gotch Bridge in Mission Bay
When the Mike Gotch Memorial Bridge opened two years ago, runners and bikers finally had a safe path around Mission Bay. Bicyclist Mario Mancusi said Wednesday that it keeps him off the busy streets. He uses the bridge at least four days a week. “I love it, it’s great, it’s beautiful,” he said. But now that bridge is under attack. Vandals are hacking into the aluminum wire and stealing it, perhaps to sell to recyclers. The folks who use the bridge say the biggest hurt is to the community, that someone is destroying something that was made for all. “I don’t know how you’d keep that from happening its a shame unless you put a guard here 24/7,” said Mancusi. Channel 6News
OB Man Burned in Possible Drug Lab Explosion
From Realty Today
Records state that the mansion is a huge 12,409-square feet single-family, multi-wing house. Built in 1992, the residence went through an extensive remodel in 2006. Boasting of mixed Spanish and Mediterranean architecture, the interiors feature stone-tiled and marble flooring with high mixed ceilings. It comprises of seven bedrooms and eight full and two half bathrooms, living space includes a two-storey foyer and gallery, an office, a theater and a wine cellar among other features. There is a wet-bar, a state-of-art gym and a recreation room as well. Outside, the home has a gazebo, a pool with waterfall features and a spa. There is an outdoor kitchen and ample parking area. Manicured gardens surround the property.
The listing describes reads:
“Exquisite living and features for high profile entertaining are found throughout this distinctive estate. This 2006 multi-million dollar remodel offers luxurious formal gathering rooms, a 15 seat movie theatre, a multi-media billiard room with arcade and full bar, fitness room overlooking the grand rock resort style pool with two waterfalls, slide and spa, seen through large disappearing pocket glass doors. The handsome Honduran-mahogany library with attached copy/fax/storage room.” The official listing of the home lies with Nina Wells of Keller Williams-Carmel Valley. The Los Angeles Times broke news of the listing. Check out photos of the home here.
Median Price of Single Family Home in OB is $843,750?
Home prices vary based on geography, school districts
Home prices in San Diego County’s submarkets vary hundreds of thousands of dollars based on geography and quality of the school districts, local real estate professionals say. The median price of a single-family detached home in Escondido in April was $400,500, and it was $843,750 in the Ocean Beach/Pacific Beach area, for example.
“Typically when you look at home prices you start at the ocean and work your way back through the county,” said Alan Nevin, director of economic and market research at the Xpera Group.
Starting at the ocean, home prices typically run $2,000 per square foot. Then, if concentric circles are drawn from the La Jolla waterfront, Nevin said the price per square foot starts to decline as it moves from the primary markets of Ocean Beach and Pacific Beach, to the secondary markets in Carlsbad, then toward the tertiary areas in East County.
“You can go from $2,000 per square foot overlooking the beach in La Jolla or Del Mar, all the way down to as little as $150 per square foot in the tertiary areas,” Nevin said. “And it’s really a matter of seeing what buyers are willing to pay — based not so much on affordability but what they’re willing to pay based on the distance from the heart of the job market.”
Leslie Kilpatrick, branch manager at Willis Allen and president of the Greater San Diego Association of Realtors, agreed that single-family detached housing markets vary across the county based on demand, which has kept the housing markets in the central beach and metro areas strong and prices high. “Many older established neighborhoods have smaller homes in varying conditions in terms of remodeling or upgrading to current standards,” Kilpatrick said in an email. “Floor plans, lot size, quality of neighboring schools, length of commute and walkability are all factors buyers consider when selecting a neighborhood and their particular home.”
Escondido’s median home price in April represented a 16.7 percent drop from the previous month, and was down 1.7 percent from April 2013, according to SDAR. Nevin said the median price represents a small sample, and Escondido’s home prices are continuing to increase but at a slow rate. To get a better gauge of the market, Nevin said to look at a combination of available inventory, the time it takes to sell a house, how close the sale price is to the listing price, and then add in the median and average prices.
“You need to look at the median and the average because sometimes there’s a great disparity between the two,” Nevin said. “If the median is close to the average, it’s probably an honest number.”
Escondido homes spent about 45.5 days on the market on average in April, which is down 14.15 percent from March and down 10.78 percent from April 2013, according to SDAR. Homes in the Ocean Beach/Pacific Beach area spent an average of 29 days on the market in April, down 48.21 percent from March and down 29.27 percent from April 2013. Homes in the Carlsbad/Oceanside area had a similar average at 33 days spent on the market in April, up 1.5 percent from March and down 14.29 percent from April 2013. Housing markets in Coronado, Ocean Beach, Pacific Beach, La Jolla, Del Mar and up through Cardiff and Encinitas are attracting international buyers, Nevin said, who are driving those prices.
“It seems that basically every day there’s a sale over $3 million and there have been a large number that have sold over $10 million,” Nevin said.
International buyers are paying cash for those homes, and those same buyers are choosing to purchase in areas with high-quality school districts, causing prices in areas like Carmel Valley to increase substantially.
“If you can pay even a couple hundred thousand more for a house in Carmel Valley than you would further out, it’s still a bargain compared to what you’d have to pay for a private school,” Nevin said. “The reality is even though the tertiary areas have good values and you get a lot of home for your money, it’s still a function of how those areas are perceived by the homebuying public.”
Home prices and affordability are also affected by interest rates, incomes, types of mortgages and qualification requirements, Kilpatrick said. San Diego home prices rose 1.3 percent in March from February, and are up 18.9 percent from March 2013, according to the S&P/Case-Shiller Home Price Indices. The median-priced single-family detached home in San Diego County decreased 0.61 percent, to $489,000 in April from $492,000 in March, but increased 8.67 percent compared to April 2013, according to the HomeDex report from the North San Diego County Association of Realtors.
The median price of a single-family detached home in North San Diego County rose 2.7 percent, to $571,000 in April from $556,000 in March, and increased 6.73 percent compared to April 2013. In East San Diego County, the median home price increased 2.53 percent to $405,000 in April from $395,500 in March 2014, and increased 17.39 percent from April 2013. The median price in South County fell 1.18 percent to $420,000 in April from $425,000 in March, and increased 12.6 percent compared to April 2013. In the San Diego Metro, the median price increased 0.55 percent from $522,750 in March to $525,625 in April, and increased 5.13 percent compared to April 2013.
Mark Goldman, professor at San Diego State University and a senior loan officer with C2 Financial Corp., anticipates a year-over-year 3.5 percent increase in home prices in 2014, and said “we’ve hit a wall” in appreciation, partially due to affordability. “Even if buyers are willing to pay more, they aren’t able to,” Goldman said. There’s been a settling in prices even though there’s a “dramatic” shortage of inventory. “From submarket to submarket, there are some markets that might have gone up too much too fast. I’d expect them to back off a bit,” Goldman said.
Chula Vista, which had a lot of construction in the early 2000s, saw a great deal of appreciation, Goldman said. Submarkets that experienced rapid appreciation were the ones that got “clobbered” the most when prices fell – but some prices were too high even at the bottom, he said, and those markets might take longer to come back. Household incomes drive affordability, and incomes in the central part of Escondido would be lower than those in Rancho Penasquitos, Goldman said, and someone buying in Del Mar likely would have a higher income as well.
Some 32 percent of San Diego County households were able to afford the county’s median-priced single-family detached home in April 2014, according to the HomeDex affordability index. The North San Diego County affordability percentage decreased to 26 percent in April 2014, from 27 percent in March 2014. The East County affordability level remained at 42 percent in April 2014; South San Diego County affordability increased to 40 percent in April 2014, from 37 percent in March 2014; and San Diego Metro affordability remained at 30 percent in April 2014. Homebuyers in San Diego need to earn at least $98,534 to afford a median-priced home, according to HSH.com. San Diego ranks just under San Francisco, where homebuyers need to earn $137,129 to buy a median-priced home. HSH.com used the National Association of Realtors’ first-quarter data for median home prices to calculate the salary needed to buy a home in San Diego. It used a median home price of $483,000 in San Diego, a 4.56 percent 30-year fixed mortgage rate and a 20 percent down payment. The monthly payment would be $2,299.
“We see the upper-end housing moving along pretty well — the more moderate-priced homes that the rest of us can afford are leveling out,” Goldman said.
Kilpatrick said she expects prices to continue to move up overall for the county for the rest of the year. Nevin said there will be modest gains in the tertiary markets with greater gains closer to the coast. “The market will absolutely remain healthy for the rest of this year and probably next year – and it looks like mortgage rates are continuing to fall, which is wonderful,” Nevin said. Persistent low inventory, where most buyers are looking, is keeping sales volume lower, Kilpatrick said. “This means a calmer pace than last year as the market seeks a sustainable equilibrium,” Kilpatrick said.