Whether you're buying, selling, or simply exploring the San Diego market, this is your go-to resource for strategic real estate guidance, tax-smart planning tips, and a curated look at the best homes across the county. As longtime local experts with decades of experience, we share real-world strategies we use with our clients every day, plus honest opinions on property values, neighborhood insights from true locals, and smart advice for those looking to invest in coastal San Diego.
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Rates, Races & Reality
Published about 2 months ago • 5 min read
RATES, RACES & REALITY
Summer is racing by, and of course we want to be a part of it! We are happy to be a sponsor of the Del Mar Race Track. The races are such a great San Diego tradition and a fun afternoon. The Turf Club is a great way to experience the races. We are fortunate to participate and share this experience with clients. If you have never been or are a regular, let us know and we can make it a day!
WHAT WE ARE SEEING IN THE SAN DIEGO MARKET
For several years, as interest rates rose, some buyers assumed they would come back down before they bought. We are seeing less of that now; the market has pretty much accepted higher rates as the new normal.
Of course, it is all a matter of perspective. They are high compared to post-COVID rates but are generally in line with the longer-term averages. COVID rates were the anomaly. The market has found a slow and steady equilibrium.
Pricing, condition, and location are critical to how well a home sells. Sellers of homes with issues, road noise, or disrepair must compensate on price. However, every situation is different; a few properties we thought would sell fast took a little longer.
On the other hand, this week we had a client bidding on a house with five offers that went well over the list price, but they were beaten by a cash offer with tight contingencies. That tells us many buyers are in that small submarket.
PICKS OF THE WEEK
Check out the nine properties below that we are featuring this week, and let us know if you want to see any of them.
There are two condos in the 939 Coast building, but that combined unit on the 15th floor is rare. That is one of the largest single-story view condos in all of La Jolla at 3,778 square feet. The unit one floor up is still a three-bedroom for half the price.
We had to share 855 Muirlands—ultimately, this is a teardown or major project with potential. But as it is now, this could have been Ron Burgandy's house from Anchorman.
We have two oceanfront picks in the $21–$22 million range. They are different properties in different locations, but they will be competing for a similar buyer.
Our favorite pick this week is the house on Solymar. This is a great location on a large, secluded 27,000-square-foot lot. This is priced well.
On Copa De Oro—this is a nice, well-done, single-story home with views. It hits a lot of buyers' buttons. The caveat here is that I think the price is high and should be under $6M, in my opinion. This is a spec project where they will sell to move on to another project. The question is how fast and at what price.
Village of La Jolla
939 Coast Boulevard Unit 16E
3 BD | 2 BA | 1,774 SF
$3,649,999
With breathtaking, panoramic views of the Pacific Ocean, this remarkable corner residence offers the perfect blend of sophistication and convenience.
Village of La Jolla
7802 Prospect Place
3 BD | 4 BA | 2,693 SF
$3,995,000
Perched above the iconic coastline in the heart of La Jolla Village, this exceptional coastal residence captures breathtaking panoramic ocean views stretching across the Pacific, overlooking both the world-famous La Jolla Cove and the sparkling waters of La Jolla Shores.
Muirlands
855 Muirlands Dr
4 BD | 4 BA | 3,520 SF
$4,995,000
Originally designed as a 5-bedroom residence and thoughtfully reimagined into a 4 bedroom, this home offers generous room sizes, timeless character & enduring craftsmanship throughout.
Muirlands
1005 Solymar Drive
4 BD | 4 BA | 3,819 SF
$5,595,000
Nestled behind private gates in the prestigious Muirlands, this extraordinary single-level estate offers an exceptional blend of timeless architecture, privacy, and resort-inspired living.
La Jolla
1553 Copa De Oro Drive
4 BD | 5 BA | 3,370 SF
$6,300,000
Completely reimagined contemporary elevated home with a focus on capturing its extraordinary ocean views, this exceptional single-level residence offers a rare blend of contemporary design, privacy, and effortless coastal living.
Village of La Jolla
939 Coast Blvd 15B&C
3 BD | 4 BA | 3,778 SF
$7,595,000
15th Floor double penthouse available with front-row OCEAN & North Shore views. 939 has garnered a solid endorsement from luxury homebuyers around the WORLD, who call this “The Place to Live.”
La Jolla Shores
1828 Spindrift Dr
5 BD | 8 BA | 10,715 SF
$21,500,000
Perched atop La Jolla's coveted Billionaire's Bluff, and adjacent to the highest sale in San Diego's history ($57 million), this extraordinary oceanfront estate is one of only eight residences privileged to occupy one of California's most exclusive stretches of coastline.
Lower Hermosa
5910 Camino De La Costa
5 BD | 7 BA | 6,668 SF
$22,000,000
On an exceptionally special, picturesque cove along La Jolla's renowned Street of Dreams just north of Vista Point and Bird Rock and within a stroll to boutiques and restaurants, this contemporary oceanfront masterwork embraces its magnificent marine environment.
Crown Point
3611 Riviera
5 BD | 5 BA | 3,307 SF
$5,500,000
Set along one of Sail Bay's most coveted stretches of waterfront, this newly reimagined coastal estate embodies a rare balance of timeless architecture, contemporary sophistication, and effortless indoor-outdoor living.
The properties featured in our "Picks of the Week" may be listed by brokerages other than ours. All listing information, photographs, and property descriptions are provided courtesy of the respective listing brokers and agents and remain their property.
Summertime. Sun. Boat. Swimming. Tanning. Sliding. Yeah.... it's a good life.
Ryan and I have been members of the Mission Bay Yacht Club and Freedom Boat Club for years. Our favorite time of year is Summer (of course) when we can take full advantage of these luxuries!
What is a perfect day you ask? Cruising the bay on a pontoon with friends, stopping at the Yacht Club along the way for snacks and cheap drinks.
A day on the bay is beautiful, refreshing and relaxing. If you want to hang out with us, let us know. We love to share both the boat and club with friends.
Note: This guy will be your captain.
**Points for anyone who knows what's in the background of the photo below**
15823 The River Trail
The River Estates | Rancho Santa Fe
5 BED | 4 BATH | 4,087 SF | 1.89 ACRES
$4,875,000
An exceptional opportunity to own one of the most amenity-rich estates in the exclusive River Estates community of Rancho Santa Fe.
Located in the desirable Bernardo Villas community, this inviting upper-level condo combines some modern updates with spectacular panoramic golf course views.
Welcome to an 800-acre vineyard-inspired sanctuary featuring12 single-level estates. This never lived in home is tucked away and offers a lifestyle of quiet sophistication.
41st Annual Oceanside Longboard Surf Contest & Beach Festival Returns August 7
Via LaJolla.com
Fans of sun, sand, and surf, mark your calendars: The 41st annual Oceanside Longboard Surf Contest is returning to North San Diego County next month.
First Fridays art walk in la jolla village
Friday, August 7, starting at 4:00 PM throughout the village with a hub at La Jolla Village Square. A prestigious monthly self-guided stroll featuring fine art gallery viewings, artist pop-ups, live background instrumentals, and elite wine or light refreshments.
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Whether you're buying, selling, or simply exploring the San Diego market, this is your go-to resource for strategic real estate guidance, tax-smart planning tips, and a curated look at the best homes across the county. As longtime local experts with decades of experience, we share real-world strategies we use with our clients every day, plus honest opinions on property values, neighborhood insights from true locals, and smart advice for those looking to invest in coastal San Diego.
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