San Diego’s Most Expensive Communities to Buy a Home
San Diego is home to some of the most sought-after real-estate in the country. Coupled with a severe housing shortage, the city has some of the most expensive areas to live in that you can find. Everyone wants to be able to enjoy amazing weather throughout the year, but that comes with a price. The median price for a home in San Diego is currently around $600,000, but that figure will continue to rise as homes become scarcer. The median price for homes is no where near the cost of some of the most expensive properties in the market. From La Jolla to Rancho Santa Fe, here are San Diego’s most expensive communities to call home.
Known for being “The Jewel” of the West Coast, La Jolla is one of the nicest places to live in San Diego. La Jolla has some of the best coastline in all of California, and offers some of the most expensive homes money can buy in Southern California. Not only are the homes expensive, it can definitely cost a pretty penny to shop and dine too. La Jolla is home to a wide range of restaurants and shopping areas that only accent the affluent nature of the area. The streets of the Village are lined with luxury fashion stores, art galleries, and post hotels, with many offering jaw dropping 180-degree views of the ocean. La Jolla is also known for being quite the celebrity magnet, with many owning homes there. The city is the 5th most expensive housing market in the nation. Zillow reports that the median home value in La Jolla is $1.9 Million. Prices have gone up 9.3% over the past year.
Point Loma/Sunset Cliffs
Located on a green, hilly peninsula that separates the San Diego Bay from the Pacific Ocean, this area is a picturesque bay-front community. The views in Point Loma range from the sparkling blue of the Pacific to the skyline of downtown. Point Loma is home to large, heavily windowed homes that overlook the marinas and yacht clubs of the bay. It is also home to one of the most renowned Christian universities in the country. While the city is located only 5 minutes from the bustling city life of downtown, Point Loma is fairly suburban in nature. The median price for a home in Point Loma is $750,000. By the time you get to the Sunset Cliffs community, that price jumps to $1.5 Million.
Rancho Santa Fe
This city has ranked high on Forbes’ annual list of most expensive places to live in the U.S. fairly consistently. It is home to lavishly designed and built homes that cost millions of dollars. It is ranked as being a top spot for business executives, celebrities, and other affluent people. In 2016, the most expensive home to ever go on sale in San Diego was scooped up by a buyer, who paid the exorbitant amount of $92 million. Those who live in the neighborhood also have access to over 50-miles of horse trails, as well as a golf course that can be used at any time. The median price for a home in Rancho Santa Fe is a whopping $2.7 Million according to Zillow.
These areas are most likely out of reach for the average San Diegan, it is interesting to know that the city we love is so highly sought after by so many people who appreciate its beauty and opportunity. Looking for more affordable housing prices? According to Movoto, the communities with the lowest price of ownership are:
- Lemon Grove
- National City
- Imperial Beach
- Chula Vista
- El Cajon
- La Mesa