10 Reasons to invest in San Diego

Take a look at our new listing located at 700 W. E. Street 1603  The Electra. Here's a reason to invest in San Diego.  2 bed, 2 bath, 2 parking 1370 sf with the impressive northwest corner.  Water views and sleek finishes.  Wood Flooring, lavish baths and the Electra Conservatory Room.  $859,900.  You're going to love it!
Contact me at 619-995-1520 or marsha@sellsandiego.com 10.  California's economy has overtaken Russia and Italy with the state now ranked as the world's 8th largest economy.  Predictions are that between 2012 to 2017 San Diego will have a 5.8% rise in population.  34% with a BA degree.
9.  There will be 1 million more San Diego residents by 2050.
8.  The San Diego housing market has been in recovery now for the last 24 months.  There are the lowest number of foreclosures since 2006.  Demand is causing values to appreciate quickly given the light inventory.
7. Builders stopped building because of the recession.  It's a great time to buy because rates are still around 4% and prices will only continue to increase. 
6. Opening in 2017 will be a new 18 story hotel rising where today there is a modest Red Roof Inn.  It will be located between Ash, 7th and 8th Across from The  El Cortez.  The project calls for a rooftop swimming pool, lounge and fitness center and a 4 level underground parking.  At least 1 restaurant will add to places to go in Cortez Hill.
5. San Diego businesses have a positive outlook overall but remain concerned about a proposed minimum wage increase according to the San Diego Regional Chamber of Commerce.  Their  Business Outlook Index continues to show growth.
4. Manufacturing is showing the greatest improvement.
3. Veteran owned businesses also ranked positively.
2. Home sales to international buyers grew by 35% in the year ending March 2014 from the previous year.  China, Canada, India, the UK and Mexico in that order.
1.  North Embarcadero Visionary Plan   A historic project to transform San Diego's downtown waterfront into a more welcoming destination for residents and visitors is nearly complete.