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San Diego Ocean-front Towns In Hot Sellers' Market

San Diego area real estate is rising quickly with the summer's heat, especially in ocean-front communities like La Jolla and Del Mar.

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"La Jolla is revered as the jewel of San Diego," says Realtor Joel Hawk. "This city is known for expensive, ocean-view custom homes and fantastic shopping. Many shops and restaurants cater to the needs of the affluent and provide an abundance of opportunities for window-shopping and people watching. One can see parts of the city such as shops and shores in many movies. La Jolla features secluded coves and beaches, oceans caves, numerous small parks and the renowned Coast Walk cliff-top promenade. A pedestrian-focused shopping district in the "Village" hosts cafes, boutiques, coffee houses, galleries and fine restaurants. Mt. Soledad's summit to the East offers the best views of San Diego from a bird's eye perspective."

"Our market is hot, hot, hot," say Realtors Walt and Arla Harvey, "Inventory is down slightly from last week. We have 170 single family homes for sale from $439,000-$41,000,000 (sorry, only one available at this price) and 116 condos from $229,000-$4,400,000. Interest rates are still great! Folks have discovered our near perfect weather (except on holidays when tourists come to town), terrific ocean views, and friendly people. Income property is scarce and our luxury homes are appreciating faster than other areas of the state."

Advise the Harveys, "If you're considering buying here, don't take too long to make up your mind and make your offer strong! Get preapproved before starting to look at property."

Beautiful Del Mar is one of San Diego's most affluent communities.

"Located right on the Pacific Ocean, it offers breath-taking views, warm, sunny days, and a relaxed lifestyle," says Realtor Michelle Ashbarry. "Available housing ranges from elegant condos to fabulous luxury estates. Del Mar's schools are award-winning and offer fantastic educational opportunities for your children. The famous Del Mar racetrack is located close by, and there are many fine restaurants for your dining pleasure."

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Published: August 14, 2002

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

Today's Headlines 08/14/2002


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