What Constitutes a Legal Parcel in California?

Posted by on Apr 26, 2017 in Blog | No Comments

SAN DIEGO—Lee & Associates principal Patrick Miller explains the criteria by which legal parcels are defined in the state as defined by the California Subdivision Map Act of February 1972—something many in the brokerage community don’t fully understand, he tells GlobeSt.com. SAN DIEGO—Many in the brokerage community don’t fully understand the criteria by which legal […]

Work Begins on Condominium Development in Otay Mesa

Posted by on Apr 16, 2017 in Blog | No Comments
Work Begins on Condominium Development in Otay Mesa

San Diego’s Cornerstone Communities and Presidio Residential Capital have begun construction on the $45 million first phase of Tesoro at Vista Del Sur, with 134 upscale condominiums in Otay Mesa. A statement from the developers said sales of the Spanish and Mediterranean-style condos will begin in August. The development is located at 5496 San Roberto, […]

10 new single-family homes coming to Olde Carlsbad

Posted by on Apr 16, 2017 in Blog | No Comments
10 new single-family homes coming to Olde Carlsbad

Lee & Associates, one of the largest national commercial real estate firms, on April 11 said it has completed the sale of 3.13 acres of vacant land in Carlsbad. The property is located at 1833 Buena Vista Way, off of Carlsbad Village Drive and less than one mile from State 78 and Interstate 5 in […]

Bonsall, Fallbrook home prices up in March

Posted by on Apr 7, 2017 in Blog | No Comments

Prices and the number of days on the market for homes in Fallbrook and Bonsall improved in March, boosted in part by declining volume, according to Jerry Kalman, a realtor who tracks the two North County submarkets. Inventory rose nearly 15 percent month-over-month to 184 units. But any inventory below 200 units is cause for […]

North San Diego County Completes the $1,025,000 Sale of a Site Planned for the Development of a Senior Care Facility

Posted by on Apr 5, 2017 in Blog | No Comments
North San Diego County Completes the $1,025,000 Sale of a Site Planned for the Development of a Senior Care Facility

Vista, Calif.—March 31, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the sale of 2.62 acres of vacant land in Vista, California. The property is located off of Plumosa Avenue, less that than ¼ mile north of Highway 78, and near North County Square Shopping Center, Vista Transit […]

Are SD’s Land Values Going Up Or Down?

Posted by on Mar 1, 2017 in Blog | No Comments
Are SD’s Land Values Going Up Or Down?

SAN DIEGO—It appears we are at the peak of the market, but before assuming that land values will go down, it’s important to consider many other factors and where we live, Lee & Associates’ Matt Weaver tells GlobeSt.com. GlobeSt.com: How hard is it to predict where land values will head? Weaver: Buy low, sell high. […]

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, […]