San Diego is a major city in California, United States. It is in San Diego County, on the coast of the Pacific Ocean in Southern California, approximately 120 miles (190 km) south of Los Angeles and immediately adjacent to the border with Mexico.
With an estimated population of 1,406,630 as of July 1, 2016, San Diego is the eighth-largest city in the United States and second-largest in California. It is part of the San Diego–Tijuana conurbation, the second-largest transborder agglomeration between the US and a bordering country after Detroit–Windsor, with a population of 4,922,723 people. The city is known for its mild year-round climate, natural deep-water harbor, extensive beaches, long association with the United States Navy, and recent emergence as a healthcare and biotechnology development center.
San Diego has been called "the birthplace of California". Historically home to the Kumeyaay people, it was the first site visited by Europeans on what is now the West Coast of the United States. Upon landing in San Diego Bay in 1542, Juan Rodríguez Cabrillo claimed the area for Spain, forming the basis for the settlement of Alta California 200 years later. The Presidio and Mission San Diego de Alcalá, founded in 1769, formed the first European settlement in what is now California. In 1821, San Diego became part of the newly independent Mexico, which reformed as the First Mexican Republic two years later. California became part of the United States in 1848 following the Mexican–American War and was admitted to the union as a state in 1850.
The city is the seat of San Diego County and is the economic center of the region as well as the San Diego–Tijuana metropolitan area. San Diego's main economic engines are military and defense-related activities, tourism, international trade, and manufacturing. 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.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in San Diego, Carlsbad, California. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In San Diego, Carlsbad, Oceanside California, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0-5.5%
Very Competitive Commission: 4.5-4.99%
The median existing single-family home price in the West rose 7.5%, to $372,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of California, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Anaheim, Santa Ana, Irvine||$788,000||6.5%|
|Los Angeles, Long Beach, Glendale||$514,200||7.1%|
|Riverside, San Bernadino, Ontario||$342,100||8.4%|
|Sacramento, Roseville, Arden, Arcade||$340,000||6.9%|
|San Diego, Carlsbad||$605,000||8.0%|
|San Francisco, Oakland, Hayward||$950,000||8.6%|
|San Jose, Sunnyvale, Santa Clara||$1,183,400||9.1%|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in California.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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The city had a population of 1,307,402 according to the 2010 census, distributed over a land area of 372.1 square miles (963.7 km2). The urban area of San Diego extends beyond the administrative city limits and had a total population of 2,956,746, making it the third-largest urban area in the state, after that of the Los Angeles metropolitan area and San Francisco metropolitan area. They, along with the Riverside–San Bernardino, form those metropolitan areas in California larger than the San Diego metropolitan area, which had a total population of 3,095,313 at the 2010 census.
The 2010 population represents an increase of just under 7% from the 1,223,400 people, 450,691 households, and 271,315 families reported in 2000. The estimated city population in 2009 was 1,306,300. The population density was 3,771.9 inhabitants per square mile (1,456.3/km2). The racial makeup of San Diego was 58.9% White, 6.7% African American, 0.6% Native American, 15.9% Asian (5.9% Filipino, 2.7% Chinese, 2.5% Vietnamese, 1.3% Indian, 1.0% Korean, 0.7% Japanese, 0.4% Laotian, 0.3% Cambodian, 0.1% Thai). 0.5% Pacific Islander (0.2% Guamanian, 0.1% Samoan, 0.1% Native Hawaiian), 12.3% from other races, and 5.1% from two or more races. The ethnic makeup of the city was 28.8% Hispanic or Latino (of any race); 24.9% of the total population were Mexican American, and 0.6% were Puerto Rican. Median age of Hispanics was 27.5 years, compared to 35.1 years overall and 41.6 years among non-Hispanic whites; Hispanics were the largest group in all ages under 18, and non-Hispanic whites constituted 63.1% of population 55 and older.
As of December 2012, San Diego has the third-largest homeless population in the United States; the city's homeless population has the largest percentage of homeless veterans in the nation. The population of homeless veterans in San Diego has been reduced to 1,150 people in 2016, from 2,100 in 2009.
The largest sectors of San Diego's economy are defense/military, tourism, international trade, and research/manufacturing. 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.
Defense and military
The economy of San Diego is influenced by its deepwater port, which includes the only major submarine and shipbuilding yards on the West Coast. Several major national defense contractors were started and are headquartered in San Diego, including General Atomics, Cubic, and NASSCO.
San Diego hosts the largest naval fleet in the world: In 2008 it was home to 53 ships, over 120 tenant commands, and more than 35,000 sailors, soldiers, Department of Defense civilian employees and contractors. About 5 percent of all civilian jobs in the county are military-related, and 15,000 businesses in San Diego County rely on Department of Defense contracts.
Military bases in San Diego include US Navy facilities, Marine Corps bases, and Coast Guard stations. The city is "home to the majority of the U.S. Pacific Fleet's surface combatants, all of the Navy's West Coast amphibious ships and a variety of Coast Guard and Military Sealift Command vessels".
Tourism is a major industry owing to the city's climate, beaches, and tourist attractions such as Balboa Park, Belmont amusement park, San Diego Zoo, San Diego Zoo Safari Park, and SeaWorld San Diego. San Diego's Spanish and Mexican heritage is reflected in many historic sites across the city, such as Mission San Diego de Alcala and Old Town San Diego State Historic Park. Also, the local craft brewing industry attracts an increasing number of visitors for "beer tours" and the annual San Diego Beer Week in November; San Diego has been called "America's Craft Beer Capital."
San Diego County hosted more than 32 million visitors in 2012; collectively they spent an estimated $8 billion. The visitor industry provides employment for more than 160,000 people.
San Diego's cruise ship industry used to be the second-largest in California. Numerous cruise lines operate out of San Diego. However, cruise ship business has been in decline since 2008, when the Port hosted over 250 ship calls and more than 900,000 passengers. By 2016-2017 the number of ship calls had fallen to 90.
Local sight-seeing cruises are offered in San Diego Bay and Mission Bay, as well as whale-watching cruises to observe the migration of gray whales, peaking in mid-January. Sport fishing is another popular tourist attraction; San Diego is home to southern California's biggest sport fishing fleet.
San Diego's commercial port and its location on the United States–Mexico border make international trade an important factor in the city's economy. The city is authorized by the United States government to operate as a Foreign Trade Zone.
The city shares a 15-mile (24 km) border with Mexico that includes two border crossings. San Diego hosts the busiest international border crossing in the world, in the San Ysidro neighborhood at the San Ysidro Port of Entry. A second, primarily commercial border crossing operates in the Otay Mesa area; it is the largest commercial crossing on the California-Baja California border and handles the third-highest volume of trucks and dollar value of trade among all United States-Mexico land crossings.
One of the Port of San Diego's two cargo facilities is located in Downtown San Diego at the Tenth Avenue Marine Terminal. This terminal has facilities for containers, bulk cargo, and refrigerated and frozen storage, so that it can handle the import and export of many commodities. In 2009 the Port of San Diego handled 1,137,054 short tons of total trade; foreign trade accounted for 956,637 short tons while domestic trade amounted to 180,417 short tons.
Historically tuna fishing and canning was one of San Diego's major industries, and although the American tuna fishing fleet is no longer based in San Diego, seafood companies Bumble Bee Foods and Chicken of the Sea are still headquartered there.
According to the City's 2016 Comprehensive Annual Financial Report, the top employers in the city are:
|United States Navy||38,455|
|University of California, San Diego||29,986|
|County of San Diego||17,384|
|San Diego Unified School District||14,120|
|City of San Diego||11,387|
|San Diego Community College District||5,580|
San Diego has high real estate prices. As of May 2015, the median price of a house was $520,000. However, since February 2016, the median home price has dropped to $455,000. The San Diego metropolitan area had one of the worst housing affordability rankings of all metropolitan areas in the United States.
Consequently, San Diego has experienced negative net migration since 2004. A significant number of people moved to adjacent Riverside County, commuting daily to jobs in San Diego, while others are leaving the region altogether and moving to more affordable regions.