The price of homes along San Diego county’s coastline  not only haven’t dropped 22% but in many cases have risen over the past year.  The average price of homes Encinitas, Cardiff-by-the-Sea, Solana Beach, La Jolla, Carmel Valley, Rancho Santa Fe, Pacific Beach, and Coronado have all risen in the last 12 months.  Although Del Mar, Ocean Beach and Point Loma have decreased, the argument can be made that San Diegos best areas are immune to the “housing crisis.”  In several cases, these are perhaps already the highest priced homes in the county if not the country. 

How much is an ocean view worth?  Are the schools of these communities that much better?  Maybe there are no pot holes in the streets. Shopping perhaps?  Close to work?  Whatever the reason, there is nothing to indicate a change in the future.  People moving to these neighborhoods obviously are willing to pay for their location. 

 The one thing these communities do have in common is they are pretty much built out and not a lot of vacant land is available for more homes.  Where as Chula Vista and downtown San Diego have added a lot of new units in the last 5 years, the beach areas are inhabited with people not exactly looking for a lot of change.  It is fine to upgrade or maybe even add a little square footage in these desirable zip codes and although some growth is possible, not the numbers the rest of the county have seen.

There is no reason to think this will soon change.  People move to San Diego to live near the beach not inland where it is much hotter and more polluted.  Since San Diego is the best city in the best country in the world, there will always be a demand for the nicest neighborhoods.For that reason prices will continue to rise as those fortunate enough to afford the lifestyle and climate will do what is neccassary to purchase these properties.