According to data compiled by the real estate analytics firm CoreLogic, the San Diego housing market experienced increased sales in October 2019, and median property prices enjoyed a boost as well. Landlords were also happy to learn that strong demand caused the average monthly rental price to climb to $1,852 during the third quarter. These figures are indicative of a robust housing market that continues to attract prospective buyers and tenants, particularly to the downtown districts, because the quality of life in San Diego seems to always be improving.
When you consider all that San Diego has to offer, it’s easy to understand why this place is known as America’s Finest City. You can’t go wrong when moving into a downtown San Diego condo, loft, or penthouse, and here are just a few of the things that make this housing market one of the hottest in the country.
San Diego Is a Very Safe City
Of all the major metropolitan areas in the United States, San Diego has the lowest rate of violent crime. Although San Diego is one of the top 10 most populous cities in the U.S., it had the lowest crime rate in 2017 and 2018, according to statistics published by the Federal Bureau of Investigation.
The Neighborhoods Are Divers
When you compare various downtown districts such as the Gaslamp Quarter and Little Italy, you can see and feel the difference. Whereas the latter looks like a neighborhood in a modern European capital, the former has retained architecture from the late 19th century, thus giving it a historic, bohemian vibe. The Marina district manages to be sleek and upscale, while the East Village offers more modest and colorful architecture.
There’s an Abundance of Craft Beer
In recent years, San Diego has earned the title “Napa Valley of Craft Beer,” and some of the most revered microbreweries are located in the downtown districts. In 2015, the San Diego Brewers Guild celebrated the opening of the city’s 101st microbrewery. Most San Diego craft beer tours start and end in the downtown area.
You’re Never Far from the Beach
Thanks to the “Bus to Beach” program managed by the San Diego Metropolitan Transit system, residents of the downtown districts can enjoy the surf, sun, and sand of Southern California on a daily basis. Route 30 starts in Old Town and swings by downtown before stopping just a few blocks from the beaches to the north and south. Quite a few connections to other bus and trolley lines can take you to Pacific Beach, Ocean Beach, and ritzy La Jolla.
Balboa Park Is in Downtown
To experience everything Balboa Park has to offer, you would have to spend just about every weekend there for an entire year. Even many people born and raised in San Diego County aren’t aware there are 15 museums, three theaters, and numerous art galleries in Balboa Park, which also happens to be home to one of the most famous zoos in the world.
A wealth of fantastic things make San Diego an amazing place to live, which is only one reason to consider investing in downtown San Diego real estate. If you’re ready to find your perfect home in the downtown district of America’s Finest City, call on the professionals at 92101 Urban Living to assist with your search. Give one of our friendly agents a call today at 619-649-0368.