Forget talk of a real estate ‘recovery', that's old news for those in Southern California. We're well into the front end of a new extended housing rebound, at least in San Diego County.
According to a new report from the LA Times, California saw million dollar plus home sales return to the highs of 2007 last year. Even more impressive, sales of homes for more than $5 million hit a brand new record high for the last 12 months.
Among the sizzling Southern Californian destinations attracting the attention of the real deal makers and most discerning home buyers and investors La Jolla certainly stands out as a top pick.
Investment properties in San Diego hit a new high recently as a couple picked up a La Jolla apartment complex for a record $8.95 million, resulting in a price of more than $791 per square foot, or $526,471 for each unit.
There are other more affordable income investment opportunities in the area for those looking to diversify out of tech and lock in to high yields and capital growth while the San Diego real estate market is ripe. However, right now this sun-kissed, waterfront paradise is perhaps the hottest among up and coming stars and elite CEOs seeking a house worthy of their genius and even helps compliment it.
There are currently 106 La Jolla homes for sale over $1 million ranging from lush cliff side estates to elegant architectural masterpieces featuring multiple courtyards for over $12 million and sleek, custom built modern retreats right on the beach.
What are you waiting for? Start your La Jolla home search here and snap up a great deal on a stunning pad that will be the envy of all your peers…