June News Snapshot: 5 Great Stories About La Jolla and the Real Estate Market

Posted by Dennis DeSouza on Saturday, June 11th, 2016 at 7:08pm.

Green sea turtle swimming in ocean

(c) Can Stock Photo

There are a lot of interesting and exciting things going on in La Jolla, and one of them was one hundred years in the making. Moreover, recent real estate data has led to a noteworthy prediction about the summer housing market and an intriguing look at how much square footage new single-family homes have to offer.

1. La Jolla Tennis Championship is a match 100 years in the making

The longest running tennis tournament to be held at the same venue continuously in the entire world is the La Jolla Tennis Championship, which will delight spectators for the 100th time next week. According to an article in La Jolla Light, more than 900 players ages 10 to 80 will compete in the 100th La Jolla Tennis Championship, which will be held from June 17-July 3 at the La Jolla Tennis Club.

La Jolla was also home to an athletic event that had never been held anywhere else on Earth. Last September, the International Surfing Association and the Challenged Athletes Foundation held the first Adaptive Surfing Championship right here in La Jolla. According to an article in La Jolla Light, 60 adaptive surfers from 18 countries around the world competed in the surfing competition.

2. Green sea turtles make a splash in La Jolla

La Jolla is a beloved spot for not only people, but also for marine life. Per La Jolla Light, a green sea turtle was spotted south of La Jolla Shores in late May. The article stated that green sea turtles swim along La Jolla’s shores from June to September, which means there are still plenty of opportunities to see one of these amazing creatures enjoying brilliant California sunshine and salty ocean waves off the Jewel's coast.

3. San Diego is one of the top 10 cities for dog lovers

A recent story in REALTOR Mag ranked San Diego as one of the “10 Top Cities for Dog Lovers.” San Diego earned the #5 spot on the list, which ranked cities by comparing the number of dog owners and amenities they held. The top spot was given to Charleston, South Carolina and Seattle, Washington rounded out the list at #10.

The article also noted that 44 percent of households own at least one dog and Americans spend more than $60 billion on their pets every year.

4. Economist believes summer will be a hot housing season

Real estate economist Ken Johnson predicted that this summer may be a hot real estate buying and selling season in a REALTOR Mag story published last week. The article noted that this past April was the strongest month for home sales in more than eight years, and existing homes sales have been up for the past two months. Moreover, buyers are still able to take advantage of rather low mortgage rates. Johnson also pointed out that sellers are often eager to complete transactions during the summer when children are out of school.

5. American homes are larger than ever before

A recent post on the New York Times Upshot blog highlighted a marked increase in the size of the average American home over time. The post also contrasted the growth in square footage to the decreasing size of American households, which hovers around 2.58 people.

Data pulled from the 2015 Characteristics of New Housing survey showed that the median size of a new single-family home in today’s market is 2,687 square feet, which is far bigger than the homes of yesteryear that often held larger families. Moreover, the article stated that 30 percent of all new homes being built across America boast 3,000 square feet or more.

The extra square footage appears to be devoted to bedrooms and bathrooms. Per the post, 43 percent of new homes have four or more bedrooms and 38 percent have three or more bathrooms. Garages are also claiming more square footage these days. More than a quarter of new homes have garages that can hold three or more cars comfortably.

Interested in finding a home in La Jolla with ample square footage? Visit our La Jolla real estate page or contact DeSouza Select Properties today.

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