Tom York on business: Believe it or not, San Diego still has a few homes under $150,000

Mobile home
A home in San Diego listed for less than $150,000. Courtesy point2

Believe it or not, San Diego still has a very small – and we mean tiny – share of homes for sale priced below $150,000, according to a recent survey by Dot2an online residential real estate portal.

Point2 scoured real estate listings for the top 50 cities in the United States and found that San Diego ranked 24th on the list, with just over 1% of homes listed for sale under $150,000.

What buys you? An older mobile home in most cases.

San Diego was by no means alone with its tiny percentage point.

The study also found that in 46 of the 50 largest cities, homes under $150,000 account for less than 5% of all single-family properties on the market.

Additionally, homes under $150,000 are virtually non-existent. Which isn’t surprising, given that home prices in many coastal California areas have soared above $1 million.

Indeed, the Golden State serves as a case study of the declining budget home. Irvine, Oakland and San Francisco all had no homes priced below $150,000 when the data was collected.

Of the four cities in California where the median price is over $1 million, only Fremont and San Jose have a few affordable homes for sale – 1% in Fremont and 0.3% in San Jose.

In 25 of the cities surveyed, homes under $150,000 represent less than 1% of all residential properties currently listed for sale.

Only two cities in the survey – Mesa, AZ and St. Petersburg, FL have affordable housing shares between 10% and 15% of inventory.

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Ball Roger of Rick Engineering Co., Chairman of the Board and Past President, received an Alumni Award of Distinction from San Diego State University.

A 1974 graduate of the school’s College of Engineering, Ball spent his career with Rick, rising from draftsman to company president in 2006, according to a publicist.

Rick is an engineering family business based in Mission Valley.

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National commercial real estate broker and property manager Cushman and Wakefield named Christina Roush as general manager of the company’s local operations. Roush, a 30-year veteran, will oversee the company’s new regional headquarters in Del Mar, Downtown, Carlsbad and Otay Mesa, as well as a dedicated property management services office.

According to a press release, Roush is one of the first women to hold the market leader position in San Diego history and the only woman to hold such a role currently in the market.

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Speaking of real estate. Starting Data Analysis and Mining Deckard Technologies says it has signed two new client cities in South Carolina, Mount Pleasant and Port Royal.

According to a press release, Deckard’s technology works to ensure that owners who rent out their homes on a short-term basis pay the required transitional occupancy taxes to local government agencies.

The company’s Rentalscape monitoring software provides STR details to city managers and councils, helping them establish policies that allow them to better collect taxes.

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Fast growing productivity startup Click up said to have acquired a technology startup slapdash. With the acquisition, according to a press release, ClickUp says its users can connect to more than 40 productivity apps such as Soft, Selling power and Conduct from a central location.

It looks like we did a good job in the hard times and in the good times.

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San Diego ranks 64th on a list of 180 U.S. cities rebounding the most from the dramatic economic impacts of the COVID-19 pandemic. The list was prepared by WalletHuba personal finance web portal.

This ranking doesn’t sound terribly impressive, but demonstrates that we have weathered the impact of the coronavirus much better than other US cities, large and small, in terms of the strength of our workforce.

No. 10 on the list, Phoenix, for example, suffered a more than 40% decline in employment in the first three months of 2020 when the pandemic hit.

San Diego’s employment rate was 3.3% in March, about the same as March 2019.

The current national unemployment rate is 3.6%, 76% lower than the peak of nearly 15% at the height of the pandemic, but slightly above the historical low recorded before the arrival of the coronavirus.

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San Diego Biotech Overview of the genomeresearching new technologies for the analysis and interpretation of genetic sequences, announced a Series B funding of $23 million.

The company says the money will support data generation and curation pipelines that enable scalable investigation of whole genome sequences. Genome Insight was founded in 2020 in South Korea. Earlier this year, the company incorporated in the United States and is now headquartered in San Diego.

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North County’s retail sector, which has been hit a bit during the pandemic, still seems to have life, especially in Carlsbad.

For example, jewelry retailer Laguna Beach gorjana opened a new store on May 2 in the Carlsbad Forum mall.

According to a press release, Jason and Gorjana Reidel started the business out of their apartment, traveling 50,000 miles to sell jewelry on the trade show circuit.

Other retailers opening stores in the center include Allbirds, Warby Parker, Jay Bird’s Chicken and outdoor goods retailer YETI, which will open its first California location at the Forum this summer.

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To finish. Local start of web technology Kahoona says it has secured $4.5 million in seed funding, a deal led by Global Founders Capitalwith the participation of Capital Cardumen, Plug in and use and fourth kingdom as well as investments of Amazon, IronSource, NBC Universal, Verizon and HERP.

The company says it is currently hiring data scientists and developers to staff its R&D center in Tel Aviv and sales and marketing positions at its US headquarters here in San Diego.

According to a press release, the startup is creating a digital ecosystem that maintains user privacy.

Tom York is a Carlsbad-based freelance journalist who specializes in business and economics writing. If you have any topical tips you’d like to share, send them to [email protected]

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