Updated: Sep 5, 2018
In honor of Compass having JUST launched in San Diego, here are 10 things 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!)