Golden Hill

About Golden Hill

Golden Hill is favored by many due to its close proximity to Downtown and its generally more affordable price tag in comparison to comparable nearby neighborhoods.

The district is bordered to the north by Balboa Park and South Park, to the south by Highway 94, to the east by South Park, and to the west by the East Village area of Downtown.

Golden Hill Real Estate

Golden Hill is perhaps best known for its eclectic assortment of architecture, some of it dating as far back as pre-1900. The neighborhood is great for people who work Downtown, as it is within walking or biking distance of many areas of Downtown, particularly East Village. It is also ideal for people who want to live near the lively nightlife scene without actually living Downtown.

Newer construction projects have introduced converted and restored condominium homes, along with the many historic single family homes in the neighborhood.

Golden Hill Neighborhoods
Casa Sierra
Culverwell
Golden Hills
South Park
Sun Harbor
Taggert

Single-Family Homes Threatened in Mid-City Communities?

The San Diego Reader has an interesting new blog entry about a possible density increase in San Diego’s mid-city regions, particularly in North Park.

The San Diego Association of Governments (SANDAG) released a recent report that estimates that as many as 6,256 single-family homes will disappear from the county, replaced by multi-family and mixed-use developments. In particular, North Park is projected to lose 3,291 single-family homes, many of which are smaller, older homes.

Tom Mullaney of Friends of San Diego believes that developers will use North Park and nearby mid-city neighborhoods like Hillcrest, Mission Hills, Bankers Hill and Middletown as models for changing land-use designations in other areas around the county.

Is The San Diego Housing Market On Its Way Back Up?

Here are some excerpts from an interesting article entitled “Buyer’s Market” by Jeff Bond in the October edition of Alaska Airlines Magazine:

“Of course, convenience isn’t the only factor that enticed [Matt] Scharkozy to beign the home-buying process. Other incentives included the price declines that California and the rest of the country have experienced, the record-low interest rates on real estate loans, and the decreasing number of condos available in the San Diego area, which is fueling demand…

Some might think Scharkozy is taking a risk by buying a home in this time of economic uncertainty. But he, and others like him, may accomplish the ultimate goal for many in real estate: buying at or near the bottom of the housing market…

In other words, prices for condominiums in some markets have dropped so low, they are below the cost of constructing new condominium towers. These prices can’t last for long. Eventually, the market will correct itself. But in the meantime, the low prices make condominiums a great value…

The healthiest markets are found in cities that have a stable economy, a growing population and a manageable inventory of homes…

In San Diego, Eric Jones, president of Urban Real Estate Services, says that the demand has stayed relatively strong in the downtown area… The city’s condominium prices rose an estimated 4 percent in the first six months of 2011, due to increasing demand and falling inventory…

“Downtown San Diego, and most of Southern California, was, in general, one of the first markets to go into the downturn,” Jones says. “The way I see these markets is that they were first into the recession, so they will be the first out.”

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