Hottest Up-Coming Neighborhoods in 2013 : Mira Mesa

[(former)FormerSanDiegan]

Redfin has several So Cal neighborhoods listed in their discussion of “Which Neighborhoods Will Be the Hottest in 2013?”

#2 on the list is AN’s very own own Mira Mesa, with a decline in listings of 69%, increase in sales of 48% and a median ppsf increase of +21%

http://blog.redfin.com/blog/2013/01/which_neighborhoods_will_be_the_hottest_in_2013.html

[Coronita]

yes, and we already knew this.. 1 year ago.

[an]

[quote=flu]yes, and we already knew this.. 1 year ago.[/quote]
Agree. I wish I would gotten more 1-2 years ago 🙁

[Coronita]

And as a reminder. Someone mentioned blackrock is active in this area now… So even more suck.

[livinincali]

I used to live in Mira Mesa and I can understand it’s appeals for some demographics, but it’s not for me. Kind of amazing that a community built to be affordable for higher ranking enlisted (E5+) military families is getting to cash out to Engineers and Software Developers. The typical military of today has no shot of owning in Mira Mesa anymore. I wonder if it’s possible that 20 years down the road is goes back to that era of affordability. Probably not as long as QCOM and the businesses it spawned are around.

[an]

To put the supply issue into perspective, MM has over 72k people and 23k house hold. Yet, there’s currently only 23 properties active (19 SFR and 4 condo). Last month (December, which is/should be one of the slowest month of the year), there are 59 properties sold. So, we’re talking about less than 1/2 month supply.

[Coronita]

[quote=livinincali]I used to live in Mira Mesa and I can understand it’s appeals for some demographics, but it’s not for me. Kind of amazing that a community built to be affordable for higher ranking enlisted (E5+) military families is getting to cash out to Engineers and Software Developers. The typical military of today has no shot of owning in Mira Mesa anymore. I wonder if it’s possible that 20 years down the road is goes back to that era of affordability. Probably not as long as QCOM and the businesses it spawned are around.[/quote]

Not when Pardee is selling (pretty well I might add) SFH for $600k+ there..

[an]

[quote=flu][quote=livinincali]I used to live in Mira Mesa and I can understand it’s appeals for some demographics, but it’s not for me. Kind of amazing that a community built to be affordable for higher ranking enlisted (E5+) military families is getting to cash out to Engineers and Software Developers. The typical military of today has no shot of owning in Mira Mesa anymore. I wonder if it’s possible that 20 years down the road is goes back to that era of affordability. Probably not as long as QCOM and the businesses it spawned are around.[/quote]

Not when Pardee is selling (pretty well I might add) SFH for $600k+ there..[/quote]Yep, like this one: http://www.sdlookup.com/MLS-120053941-6820_Lopez_Canyon_Way_San_Diego_CA_92126. $705k for a 2500 sq-ft house in MM.

[SK in CV]

Are there still a lot of MM homes underwater, or has that pretty much all been resolved?

[Coronita]

[quote=SK in CV]Are there still a lot of MM homes underwater, or has that pretty much all been resolved?[/quote]

There are still underwater homes, particularly attached, but short sales get snapped up pretty quickly too.

Contrary to what some want to think, I do believe that as long as the tech center continue to hold water here, people are gonna continue to see prices rise in this neighborhood as they continue to wait. Kinda like CarmelV.

That link that AN posted to pardee…$150k would put you in a home in short sale home CarmelV…I guess some people no longer want to wait and want brand new construction and can afford it.

I remember some folks suggested 50% off of coastal property awhile back ago… Good luck getting 50% off in lizardland Mira Mesa in the foreseeable future.

I’m gonna try to shift to SFH now in this area, since I don’t think it will be possible for me to buy anything else attached at the levels that I was hoping for….Except me thinks I’m gonna get priced out now by others who will bid this up to for SFH…

I really hope those investor companies aren’t active in this area as some say they are. I believe those people who say they are active, I just wish it wasn’t true.

[bearishgurl]

I guess Gen Y has no problem at all with massive congestion and hard-to-find street parking (as in MM, Chula Vista 91914 and 91915 and other lizardland-type areas of the county).

Last night, News8 had a longish spot on how Chula V (primarily 91915) increased in sold prices 18% (IIRC) in the 4th quarter of 2012. This area of SFR’s, condo and townhouses of 6-12 yrs old is among the MOST congested in the county. So much so, that only ONE VEHICLE can pass at a time thru many of its residential streets due to maxed-out parallel-parking on both sides of these narrow “streets” and those infamous (useless if one can’t make a tight quarter turn in a narrow easement with their monster SUV) “rear-garages.” And most of the multifamily projects down there have inadequate off-street parking and NO garages.

Why should I care about this? Even though 6-12 mi away from me, I actually think this is good news. Rising values in shackville will no doubt eventually lift all those “squat-mod owners” (there were thousands of them) out of their underwater status. If all that *new* heavily-taxed and HOA’d inventory in southeastern ChulaV gets bought up, ALL boats will be raised.

Then those folks with generous close-in lots in 91910, 91911 and 91950 (myself incl) just might be able to get multiple offers from young buyers, due to “low or no inventory” available in their “preferred adjacent-but-distant” lizardland 🙂

[SD Realtor]

underwater is pretty much meaningless now.

[an]

[quote=bearishgurl]I guess Gen Y has no problem at all with massive congestion and hard-to-find street parking (as in MM, Chula Vista 91914 and 91915 and other lizardland-type areas of the county).[/quote]
What are you talking about? Seriously, you have no idea what you’re talking about.

[scaredyclassic]

Seems like only yesterday people were panicking and housing was not hot.

[scaredyclassic]

Friend house shopping says there’s no houses for sale in temecula relatively, and competition is fierce …

I looked the other day for my usual Redfin searches and would not be able to pay asking prices for comparable houses because I would vomit.

Well to be honest I guess I was vomiting a few years ago too.

I think the govt is controlling Americans and forcing them to buy houses. And outguns guns are useless to protect us against govt mind contrOl and asset theft through inflation.

Surrender.

[Author]

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