Is the real estate market recovering? That seems to be the question of the day since sales activity began picking up earlier this year. Well, the answer seems to be a resounding YES! Scott Union of Union West Real Estate has been involved in 30 percent (three out of 10) of the over $4,000,000 sales this year according to Sandicor MLS including the largest residential condo sale (photos at left) in La Jolla’s history on Coast Boulevard for $6,200,000
Union began his real estate career just down the street at 321 Coast Boulevard in 1980, initially as a sales person and later as Director of Marketing and Sales at Casa De La Playa. After moving his office to Rancho Santa Fe in 1995 he lost touch with the La Jolla market until returning with a flourish this year as evidenced by sales of $4,600,000 in La Jolla Farms and $4,100,000 on Lookout Drive in addition to the record -setting $6,200,000 on Coast Blvd.
Union says “in previous market downturns La Jolla seemed to always lead the other markets back, so I felt I was important to reconnect with my La Jolla roots and take advantage of the excellent values currently available, especially in the higher price points. With the stock market nearly back to it’s original value, bonds returning low yields with ever increasing risks, bank deposits paying sub 1 percent and gold well over $1,500 an ounce the smart money is returning to real estate.”
Union can be reached at 858-756-0362 ,Ext #1; www.unionwestrealestate.com