I agree with 4plex, except maybe on the timing.
Bay Park is one of few communities that is convenient to central San Diego, with Bay/Ocean Views that is somewhat affordable. I am biased, since I lived there for several years before selling and still hold an old rental property there (my future vacation/retirement home). The Bay/ocean views can be among the best in San Diego for the price. As with most areas within SD Unified, the downside is the schools, particularly the Middle/High schools. Some Elementary Schools (e.g. Bay Park Elementary) were pretty good last time I checked (4+ years ago)
Of course, if you are drawn to new development/suburbia style living this area is not for you. The plus to that is lack of HOA or Mello Roos (I’ve never paid either of these)
During the recent cycle there was a lot of construction activity. There are very few 2/1, 1000 sf originals left, but a decent number of 3 BR original floor plans are left for the next cycle.
Like most neighborhoods, as the altitude increases so do the prices, generally.
I would expect the appreciation leg to start before 2017. I think that by that time construction/remodeling activity would be high, but that is too far out for me to predict.
