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

Posted by Dennis DeSouza on Friday, May 27th, 2016 at 8:10pm.

Rocky La Jolla Shoreline


(c) Can Stock Photo

La Jolla and San Diego’s real estate markets have both had news stories published about them recently. From top restaurants, to the best summer vacation spots, to record numbers of pending sales across the nation, the month of May held some pretty exciting headlines and five of them are listed below:

1. La Jolla is home to a new art gallery

A painter named Shane Bowden opened a brand new 5,000-square-foot art gallery in La Jolla this month. According to La Jolla Light, Bowden paints rather large paintings, some of which are 16 feet by 8 feet in size. Moreover, he produced 8,000 original works of art last year that depict his pop culture and neo-expressionism styles. “Shane Bowden – The Gallery” holds more than 100 paintings by Bowden and several other emerging artists, and is seated right in La Jolla.

2. La Jolla holds two of the nation’s ‘Best Al Fresco’ restaurants

According to a recent article by Maggie Avants, two of La Jolla’s restaurants claimed spots on OpenTable’s “100 Best Al Fresco Dining Restaurants in America” list. George’s Ocean Terrace on Prospect Street and Brockton Villa on Coast Boulevard were two of the seven restaurants in San Diego that made the list. In all, 44 Californian restaurants placed within the top 100.

3. San Diego is one of the nation’s ‘Hottest’ real estate markets

Yesterday, the Times of San Diego reported that San Diego ranked as the 8th “Hottest” real estate market in the nation. The data was published on a site operated by the National Association of Realtors and showed that San Diego moved up from the 13th spot to the 8th position in the span on of a month. All but three of the real estate markets on the list were located in California and Vallejo claimed the first spot.

4. San Diego is one of the ‘5 Best Family Vacation’ spots

Conde Nast's Traveler recently created a list of the “5 Best Family Summer Vacations” and San Diego was one of the destinations mentioned. This was in part because of La Jolla Shores’ gentle waves, which make it a beach where families with children can soak up some sun and splash in some surf.

5. Pending home sales hit a ten-year high

From March to April, the number of homes pending sale in America rose by 5.1 percent and reached its highest figure since February of 2006. According to the National Association of Realtors, pending sales were higher in all regions except for the Midwest and increased by 11.4 percent in the West. Per the article, the National Association of Realtors anticipates that 5.41 million homes will be sold by year’s end.

For information about homes in La Jolla, visit our La Jolla real estate page or contact DeSouza Select Properties.

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