In recent months, the Escondido Convention and Visitors Bureau have been ramping up promotions of the area for a number sporting events happening throughout the city. Thanks to a central location in Southern California, Escondido city officials have helped make the town known throughout the area as a major center for youth sporting events. In addition, the city recently spent $400,000 in order to have the annual Tour de California bike race run through the town.
With a constantly increasing number of people coming to Escondido, the Convention and Visitors Bureau is aiming to convert more of these visitors into overnight guests and is promoting tourism to local attractions by offering discount packages to those attending the sporting events.
What Does the Tourism Mean to the Escondido Real Estate Market?
For you, as a homeowner of Escondido real estate, likely the most important question is “How will this affect me?” Luckily for you, it is anticipated that the continued success of the city's and the Convention and Visitor's Bureau's campaigns should mean rising home prices in the long run.
By hosting and promoting numerous popular events, the city is building its reputation among neighboring areas. Not historically known for tourism among the many destinations in southern California, Escondido is seeing a surge in recognition from the efforts.
If the city continues to solidify its place as a major hub for sporting evenings in the region, not only will it mean more sports-related businesses opening their doors in the area, but also new residents seeking to live closer to all of the action. Families deeply involved in sports may turn towards the area when searching for a new place to live thinks to Escondido's convenience to their sporting interests.
Thanks to a surge in new businesses, a positive reputation for the city and more and more people wanting to make the city their home, Escondido real estate values should see increases.
How Can I Take Advantage of this Opportunity?
All-in-all, Escondido's efforts to improve the reputation of the city through promoting youth and other sporting events can have a major positive impact on home values. Escondido homes for sale should see both surges in interest and value due to an increasing number of families and sporting enthusiasts who will want to call the area home.
If you have been considering selling due to the recent recovery in the San Diego real estate market, perhaps Escondido's increasing popularity is the nudge that you need. In order to take advantage of the opportunities coming up in the near future, it is important to begin considering your options now so that you can thoroughly plan out the best way to sell your home.