We hope you are enjoying the last weeks of summer!

The real estate market is shifting and you may be wondering what that means for you as a seller or a buyer. The rapid rise in mortgage interest rates has taken a pause. In fact, mortgage interest rates have come down in the past few weeks and rates are hoovering around 5%. Although inventory of homes for sale is low, it has increased slightly. This is cooling the strong seller's market. Homes are forecasted to appreciate at a slower pace the second half of 2022. Desirable homes that are remodeled are still receiving multiple offers. Homes that need updating are experiencing more time on the market and some are having to reduce the price to get it sold. If you are considering selling, now more than ever is the best time to let us help prepare your home for sale using our Compass Concierge Program in order to maximize your profit. If you are considering buying a home, we have helped many buyers make their dreams a reality in this market and we can help you create a winning strategy too. Contact us to discuss your unique buying or selling situation. Read on for local events in August, real estate in the news, and discover lifestyle tips 

curated just for you!

Congratulations to our sellers on accepting a strong offer on their stunning mid-century modern estate in the hillside of Mount Helix with scenic mountain, valley, and city skyline views. With 5 bedrooms, 4 bathrooms, and just under 3,800 sq. ft., this remodeled masterpiece boasts multiple entertaining zones for indoor/outdoor living and dining from the view decks and various sitting areas. This property is located on a beautifully landscaped private 1.1 acre lot with idyllic walking trails. Enjoy the sunrise and sunset over a breathtaking backdrop from this peaceful paradise.

Our buyers are scheduled to close escrow soon on this gorgeous mid-century modern home in Sunset Cliffs with panoramic ocean views! We are so fortunate to work with such amazing people and we are so happy for them. The interior and exterior of this home is designed and built to perfection. Our friend, Jeremy Fulmer of Fulmer Landscape Design, beautifully designed the landscape and hardscape. 

Real Estate 

in the News

Moves that Homebuyers Can Still Make to Find a Lower Mortgage Rate


With inflation and the possibility of further rate increases, here are some tips and tricks to find ways to lower your rates.


 

Oceanfront La Jolla Mansion Listed for $45 Million

This coastal enclave in California lets you keep an eye on the swell at all times. 

A new single-level listing in the prestigious La Jolla Farms area offers a chance to be a part of the local surf scene, at least by proxy. The $45 million seaside home has direct access to the ocean. Known as the Oasis, it features 7 bedrooms, 8 bathrooms, 7 garage spaces and 6,834 square feet of living space. It sits on a ocean front double lot on 1.4 acres in La Jolla. 

Read More

Local Happenings

ArtWalk @ Liberty Station - August 6th and 7th


ArtWalk @ Liberty Station returns for its 17th year to ARTS DISTRICT @ Liberty Station! Attendees can peruse through the garden browsing artwork from more than 150 artists and enjoying food, wine and beer, and live entertainment at the two-day, free event in San Diego’s largest Arts & Cultural District.

Hillcrest CityFest Street Fair - August 14th


CityFest takes place under the Hillcrest Sign and is a huge celebration of community spirit through music, arts, crafts, and food. This

 annual celebration of community spirit will feature live bands, electric dance music DJs, arts, crafts, and food that attracts over 150,000+ visitors from San Diego and Southern California! This is San Diego's LARGEST and BEST art and music festival-- stretching nearly half a mile in size on over 9 city blocks! 


This free event features numerous dog-related vendors, rescue groups, pet adoption agencies, and an agility course by Kamp Kanine. Activities include dog contests, live music, libation lounge hosted by The Lost Abbey, food trucks, and more!



The Oceanside World Bodysurfing contest is considered the premier Bodysurfing contest in the US. Approximately 400 bodysurfers from around the world compete in their respective age divisions for trophies and prizes. Champions will be crowned on Sunday, August 21st.

Oceanside Approves Artificial Surf Lagoon Resort

Ocean Kamp, an adventure-themed hotel and community built around an artificial surf lagoon, received the Oceanside Planning Commission’s unanimous approval for construction in the San Luis Rey River Valley. All the guest lodging will be located around a 3.5-acre surf lagoon that will generate waves of various sizes. When the wave machine is off, the lagoon will be available for swimming, stand-up paddle-boarding and other aquatic activities.

Lifestyle Tips & Tricks

28 Creative Ways to Grow a Garden, Even When You're Short On Space


Flowers and plants bring so much beauty to every space, big or small, inside or outside. Given the benefits of gardening, the practice shouldn't be limited to wide-open outdoor spaces and large greenhouses. Get your green thumbs ready for window-box flowers, hanging plants, tiny veggie gardens, and more.


100 Best Grilling Recipes You Have to Try


Looking for new grilling recipes to try this summer? Check out 100 reasons for you to light the grill and enjoy the great outdoors this summer

.


The Top Interior Design Trends to Watch, According to Experts


In 2021, people focused on pieces that mix style and practicality. This year, everything from bringing the outdoors in, to experimenting with pattern and texture, and finding design inspiration from past decades are of interest.


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Compass is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. License number 01527365. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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