Lack of Supply Drives Prices Way Up

Posted by on Jan 27, 2017 in Blog | No Comments

New homes in California are now $300,000 more expensive than in Florida and Texas. When supply doesn’t meet demand, prices go up. To illustrate this, we divided an area’s population by the number of actively selling new home communities and compared this population / new home community calculation to the median new home price. The […]

Lee & Associates Completes the $1,725,000 Sale of a 31-Unit Multi-Family Residential Development Site

Posted by on Jan 18, 2017 in Blog | No Comments

Ramona, Calif.—January 10, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $1,725,000 sale of a multi-family residential development site in Ramona. The 2.52 acre site, located at the South East corner of Day Street and La Brea, is permit ready to build a 31-unit townhome development. Construction […]

National City vacant lot eyed for apartments, sells for $1.15M

Posted by on Nov 10, 2016 in Blog | No Comments
National City vacant lot eyed for apartments, sells for $1.15M

KirE Homes has purchased a vacant lot in National City for $1.15 million with plans to turn it into a 31-unit apartment complex, according to Lee & Associates, the real estate firm that facilitated the deal. The nearly 1 acre site, about 1,000 feet from the Sweetwater River, was listed for sale for $619,000 in […]

NAR 2017 Forecast: Existing-Home Sales Up; A Turning Point for First-time Buyers

Posted by on Nov 4, 2016 in Blog | No Comments

ORLANDO, Fla. (November 4, 2016) – More millennials entering their prime homebuying years, rising household formation, and continued job gains boosting overall demand are expected to be behind the slight increase in existing-home sales in 2017, according to a residential housing and economic forecast session here at the 2016 REALTORS® Conference & Expo. Lawrence Yun, […]

North San Diego County Completes the $1.15 Million Sale of Future Multi-Family Development Site

Posted by on Nov 2, 2016 in Blog | No Comments

NATIONAL CITY, CA—October 31, 2016 Lee & Associates, one of the largest national commercial real estate firms, has completed the sale of nearly one acre of vacant land in National City. The South San Diego County multi-family residential site, consists of two parcels located at 130 E 31st Street and 48 E 31st Street. The […]

North San Diego County Completes the $4.76 Million Sale of Vacant Land in Vista

Posted by on Sep 22, 2016 in Blog | No Comments
North San Diego County Completes the $4.76 Million Sale of Vacant Land in Vista

VISTA, CA—September 13, 2016— Lee & Associates, one of the largest national commercial real estate firms, has completed the $4,760,000 sale of a residential development site, located at 1405 Ridge Road in Vista, California. A tentative map for a 31 lot residential subdivision was fully approved prior to the sale. Planned lots range in size […]

Though Deal Volume Is Declining, CRE Transactions In All Sectors Still Surpassed $100B In Q2

Posted by on Sep 14, 2016 in Blog | No Comments
Though Deal Volume Is Declining, CRE Transactions In All Sectors Still Surpassed $100B In Q2

Transaction volume across the five asset classes within commercial real estate declined in Q2, continuing a downward trajectory. In a recent report, Ten-X said total deal volume for the five sectors reached $101.2B in Q2—a 12.7% decline compared to the year-ago quarter. “Deal flow is down pretty much across the board in all the property […]

San Diego’s Center Gets the Big City Treatment

Posted by on Jan 7, 2016 in Blog | No Comments

Luxury condos, new hotels and upscale restaurants are appearing in San Diego’s burgeoning downtown district as residents explore a new pursuit: walking A 41-story luxury condo building is on the rise. Boasting a screening room, a swimming pool and a boat-share program, its 215 units will soon be going on the market at prices starting […]

Residential Land Trades in French Valley

Posted by on Aug 5, 2015 in Blog | No Comments

MURRIETA, CA—Lee & Associates has completed the sale of approximately 161.33 acres located in French Valley near Murrieta. The property was recently approved for 269 residential lots. The property is located in the Temecula Valley School District, the highest rated school district in Riverside County. The site is accessed from Calistoga Drive, Promontory Parkway, and […]

2015 is finally the year of the home construction boom

Posted by on Jun 17, 2015 in Blog | No Comments

Permits for new construction are at a post-crisis high. There are many important sectors of the U.S. economy, but you can make a good case that real estate is the most important. Housing is an essential good for all Americans, but more than that, residential investment has historically driven us into and out of recessions. […]