Point Loma Real Estate Update
Point Loma is a long peninsula located a few miles west of Downtown San Diego, wrapping around the entrance to the bay. The peninsula is bordered on the west by the Paicific Ocean and on the east by the San Diego bay, which boasts incredible skyline views all the way to Mexico.Because terrain is so hilly, many homes have fantastic ocean, bay, or canyon views. Roads wind around the landscape, dotting many different styles of homes. Many of the homes are upscale and some construction dates back to the 1920s and 1930s.
Seventy percent of real estate was built between 1950 and 1980. Upscale areas include Silvergate and La Playa. Point Loma homes are large, many have views of the ocean or bay, and each home has an individual charm.
Homes for Sale as of June 1st, 2012 consist of your traditional single family detached homes, condos and townhomes. Currently there are 78 single family detached homes available ranging in price from $ 435,000 to $ 5,500,000. There are 95 condo/townhomes for sale ranging in price from $ 120,000 to $ 1,100,000. As of 6/1/2012 there are 19 homes – single family detached and condo/townhomes that are in Contingent Status (this is typically a short sale and the bank or banks are reviewing the offers). There are 20 single family detached homes in Pending Status (an offer has been accepted by the seller and the escrow process has begun) ranging in price from $ 440,000 to $ 4,000,000 and 3 condo/townhomes in Pending Status ranging in price from $ 114,000 to $ 440,000. There have been a total of 88 total properties sold since January 1, 2011.
The southern half of the peninsula is taken up by a Federal Reservation and a monument to Juan Cabrillo, who discovered th San Diego Bay in 1542, resides on the southern most tip.
From this point, views to the east show the skyline of Downtown San Diego and the Cuyamaca mountains. To the south is Mexico and to the west is the Pacific Ocean.
Shelter Island, a man made peninsula,home to the San Diego Yacht Club, host of the America’s Cup as well as several marinas, hotels and restaurants. Fishing and whale watching trips are extremely popular. Other activities include boating, water sports, and surfing along Sunset Cliffs. There are also parks and trails along the coast.