In honor of Compass having JUST launched in San Diego, here are 10 thing you likely didn’t know about the city, courtesy of Leonard Steinberg.
1. San Diego has a population of roughly 1.4 million as of July 1, 2016, and is the 8th-largest city in the USA, the 2nd largest in California and contains more than 100 identified neighborhoods
2. San Diego’s main economic engines are military and defense-related activities, tourism, international trade, and manufacturing
3. The presence of the University of California, San Diego (UCSD), with the affiliated UCSD Medical Center, has helped make the area a center of research in biotechnology
4. The El Cortez Hotel in 1927 was the tallest building from 1927 to 1963 and in the 1970s a 500 feet height limit was set on buildings within a one-mile (1.6 km) radius of the San Diego International Airport
5. Millennials constitute 27.1% of San Diego’s population, the 2nd-highest percentage in a major U.S. city. Household median income for San Diego rose to $66,715, up from $45,733 in 2000.
6. In 2014, San Diego was designated by a Forbes columnist as the best city in the country to launch a small business or startup company.
7. San Diego’s housing market reached new price peaks in 2017, shattering records from the 2005 housing boom with the median home price at $529,000 in 2017, up from the $500,000 peak in 2005 and 2006.
8. Ocean Beach had the biggest pricing jump rising 21.9% to a median $1.06 million. Other communities included Pauma Valley, Solana Beach, Spring Valley and Logan Heights all up 15+%.
9. La Jolla pricing is up over 60% since 2005! (If you have been, you will know why….gorgeous!)