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Real estate recovery, San Diego County, California — Bidding wars, multiple offers, and rising prices

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

Contact Jim Frimmer for all your San Diego real estate needs!
Welcome to Mission Valley, the heart of San Diego!


Real estate recovery, San Diego County, California
Bidding wars, multiple offers, and rising prices

Throughout the 39 condominium communities in San Diego's Mission Valley, there are lots of instances of multiple offers and bidding wars, often resulting in closing prices that are well above the listing prices.

The Bluffs are located on Friars Road directly across from the Riverwalk Golf Club. It is one of the few communities that offers 0/1 studios, which are popular with airline pilots and flight attendants, and the prices have always been some of the lowest in Mission Valley.

Look at the closing prices relative to listing prices for condominiums in The Bluffs that have sold in 2011:

Condos sold in The Bluffs in 2011

 

Only two units failed to get the listing price, and most of them sold for more than the listing price! Condominiums in Mission Valley that have a view of the golf course, the Valley, and even the Pacific Ocean, and have been taken care of, are in demand. Why not demand one of them for yourself! Give me a call and I'll help you get into your own Mission Valley condominium in the heart of beautiful San Diego!

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Recent blog posts:

  1. San Diego Mission Valley condos for sale — The Bluffs (August 3, 2011)
  2. San Diego Mission Valley condos for sale — Friars Village (August 2, 2011)
  3. San Diego Mission Valley condos for sale — Park Place Estates (August 1, 2011)
  4. Speechless Sunday (with a little bit of text) — It has a view!
  5. San Diego Mission Valley condos for sale — Rio Vista (July 29, 2011)
  6. If you have these at the front door, we're not coming in!
  7. Real estate news — Case-Shiller reports that home prices were up in May 2011
  8. All the home's a stage, and look what's showing!
  9. Real estate news — Real estate recovery, San Diego County, California: New construction permits up in June 2010
  10. San Diego Mission Valley condos for sale — Woodspring (July 26, 2011)
  11. San Diego Mission Valley condos for sale — Friars Hollow
  12. San Diego Mission Valley condos for sale — Mission Bellwood
  13. What are the Top 10 most expensive homes for sale in San Diego County?
  14. San Diego Mission Valley condos for sale — Mission Greens
  15. San Diego Mission Valley condos for sale — The Courtyards
  16. Out & about San Diego — 31st U.S. Open Sandcastle Competition, Imperial Beach, July 23-24, 2011
  17. San Diego Mission Valley condos for sale — Presidio Place
  18. The 39 condominium communities of San Diego's Mission Valley
  19. San Diego Mission Valley condos for sale — Mission Village
  20. San Diego Mission Valley condos for sale — River Scene

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jim,

So glad to hear these news, we are delighted for you and hope you are the recipietn of many sales. A

Aug 03, 2011 09:43 AM
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

Alright, this is the project to farm and gain top presence ... lots of activity and sales! 

Aug 03, 2011 09:53 AM
Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

If that is not real estate recovery then I don't know what is?!!

Aug 03, 2011 10:20 AM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Jim, That is interesting!  In our market in the lower price ranges we are seeing that as well!

Aug 03, 2011 11:12 AM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Jim - Love hearing properties are selling ..... and for more than list with multiple offers ..... a sure sign the real estate recovery has a good foothold in San Diego's Mission Valley

Aug 03, 2011 12:01 PM
Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

Hi Jim,

Good for you to show that real estate Recovery in not a big switch that is switched on, it all starts with subtle changes in seemingly minor segments of the market, but it starts the wave and ripple effect that gets the entire  market moving with excitement again...

Aug 03, 2011 02:39 PM
Kathleen Vetrano
RE/MAX Gateway - Falls Church, VA
Helping YOU Achieve YOUR Dreams

Hi Jim,   Sounds like the Condominiums in Mission Valley are good investments.  No wonder why airline pilots and flight attendants like them. 

Aug 03, 2011 04:45 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jim, good to hear your condos are selling.  I have a condo in Arlington I need to sale....need to check with one of the AR members in VA.

Aug 03, 2011 07:23 PM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Jim - Back to the old "motto" - Location, Location, Location! Of course, I'm sure they're beautiful as well. Glad to hear there are properties selling for full price. You've done a great job getting the word out!

Aug 04, 2011 02:19 AM
Peter Schattenfield
Turning Point Estate Services LLC - Wilton, CT
Estate Dissolution and Preparation (203)388-8092 CT.

Jim, This is good news. Send that "bidding war" phenomenon to this side of the of the country. 

Aug 05, 2011 03:29 AM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Thanks to everyone for stopping by and commenting.

I’ll read through all the comments to see if any of them need a specific response. If so, I’ll respond below this comment. Otherwise, since I like to return comment for comment, I'll be by your blogs soon to do a little reading and commenting. I find that a better way to acknowledge you stopping by and commenting on my blog.

Aug 07, 2011 08:06 AM