Those of us fortunate enough to live in Cardiff-by-the-Sea, California, have been anxiously awaiting the opening of the new restaurants Zenbu Sushi and Rimel’s Rotisserie in the old Yogi’s site in Cardiff Town Center. 

Ever since Starbucks came in a few years ago, the center has developed a character of its own and become a real gathering place for locals.  I’ve never once stopped by without running into at least 3 or 4 people I know. 

While some were sad to see Yogi’s Sportsbar leave the center, the neighborhood institution seems to have survived the relocation to its new site on Coast Hwy rather well, and business is booming.  Sports fans have not lost their hangout.

The new restaurants Zenbu and Rimel’s are more upscale and in keeping with new look the owners seem to be striving for.  As fun as Yogi’s was, it was somewhat of a rowdy scene, particularly during football season, and the parking lot was always littered with bottles and other waste (sometimes human) on the weekend…  Ughh…

As a huge sushi fan who has missed having a local spot to get my fix, I’m looking forward to giving Zenbu’s a try. I’ll let you know what I think. 

By the way, whether you’re looking for a beach bungalow or a low maintenance twinhome, Cardiff-by-the-Sea may offer you the perfect home you’ve always dreamed of – especially if you like walking to dinner and the beach!  To find out about the great values on the market right now in this quiant neighborhood, visit my site www.DreamHomesByTheBeach.com or give me a call (760-815-1318).  I’d be happy to help you find a home.

Low end has hit bottom, but Del Mar is still on the way down

While the lower end in San Diego County is selling like hotcakes, with multiple offers and major frustration for those trying to purchase, the buyers still have the upper hand in higher end markets like Del Mar. 

Depreciating vs Appreciating Market

The de facto definition of a depreciating market is one where the rate at which inventory is coming on the market is faster than the rate at which property is going into escrow.  Your basic supply/demand equation…  The low end in San Diego County – everywhere from Oceanside, Vista, and San Marcos to Clairemont, Linda Vista and Mira Mesa – is seeing a definite slowing in new inventory and a huge number of new escrows.  From what I can see, they’ve already hit bottom.  The demand is putting pressure on prices, which are bound to start creeping up soon as a result.  In contrast, home prices in Del Mar, Carmel Valley, Solana Beach, Rancho Santa Fe, and other high end coastal North San Diego County markets, have yet to hit bottom.  The following graph showing says it all:

Del Mar CA Market Activity - a declining market

This set of circumstances provides an incredible opportunity for those interesting in getting their foot in the door into Del Mar Real Estate.  For the inside scoop on the great values, give me a call (760-815-1318) or do your own research on our site DreamHomesByTheBeach.com.  Don’t let this market pass you by!