After Years in the Making, Imperial Beach's New Shopping Center is Here!
Posted by: kateg 2 years, 4 months ago
Real estate experts recognize the signs that make a certain area “the next big thing”. Proximity to amenities like retail and dining, as well as conveniences such as grocery stores and highways, plus weather, schools, housing prices, and more all play a part in predicting places that are about to rise in popularity. So where’s San Diego’s next hot spot?
“Undoubtedly, Imperial Beach is San Diego’s next boom town,” says San Diego real estate agent Kate Gillingham Milke of Coronado Island Realty. “As more developments in I.B. take shape, housing prices continue to increase, signaling that it’s a great time to invest in real estate there.”
One of the biggest local developments is Breakwater Town Center, located in the heart of Imperial Beach at 9th Street and Palm Avenue. Chipotle, Five Guys Burgers & Fries, Starbucks, as well as a TMobile store and Grocery Outlet have begun opening their doors, and Imperial Beach is already feeling the affects.
“Imperial Beach has desperately needed a new shopping center for years. Jersey Mike's opened recently and it was the best opening day in Jersey Mike's History. Adding a versatile mix of fast-casual dining options and a conveniently located grocery store gives value to the community, making it easier for residents and visitors to quickly pick up what they need without having to travel outside of their own neighborhood,” says Milke.
Imperial Beach has long loomed in the shadow of nearby Coronado, an affluent city just north of the Silver Strand. However, with a huge push from developers and entrepreneurs investing in the local economy, I.B. is quickly stealing some of Coronado’s attention.
Projects like the Breakwater Town Center are one of the biggest signs of growth in a community. With economic stimulation comes increased property values and desirability as a long-term neighborhood. Plus, Imperial Beach’s tourist attractions and practically perfect weather all year round mean that more and more people are sure to snap up property while they still can.
With a median housing price of $1,519,400 (according to Zillow), Coronado isn’t a viable option for most people, especially when compared the nationwide average of $193,800 and California’s average of $485,800. Imperial Beach’s median home price is a fraction of most of San Diego, and that’s even counting the nearly 12% increase in property value over the past year. Experts predict that I.B. home values will continue to rise, making it a great time to invest in 91932 (Imperial Beach’s zip code).
Breakwater Town Center is merely the beginning of Imperial Beach’s inevitable growth, so if you’re thinking of putting down roots in San Diego, you may want to consider I.B. Not only is the real estate potential extremely high, you can get everything from retail therapy to beachfront views at a much more affordable cost than anywhere else in the area.
Call Kate at Coronado Island Realty at (619) 933-5319 if you’d like more information on Imperial Beach real estate.Share on Twitter Share on Facebook
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