SEPTEMBER | OCTOBER 2014
S A N
A N T O N I O
Downtown & Metro San Diego
January | February 2014
PROVIDING A LIFEST YLE, NOT JUST AN ADDRESS. Represented Over 45 Discovery @ Cortez Hill Transactions Since 2002 Listing and selling condos in this building is especially important to me and I am committed to my clients to give the best service possible. As an original owner from 2002 to 2007, I have grown fond of the location, residents and lifestyle Discovery @ Cortez Hill has to offer! In today’s market you need an agent that demonstrates expertise and confidence throughout the entire transaction. I offer my clients the knowledge, upscale marketing, and negotiating skills to get YOUR CONDO SOLD!
92101 CONDOS PRICE/SQFT IN THE LAST 30 DAYS BED BATH SQFT
2
HIGH
3
LP
LP/SQFT
SP
2,610 $1,770,000 $991.04
SP/SQFT
DOM
$1,680,000 $940.65 174
0
1
483
$240,000
$310.61
$220,000
$288.24 2
AVERAGE 1
1
1,133 $602,223
$513.96
$579,361
$495.24 48
MEDIAN 2
2
1,067 $459,450
$503.41
$450,000
$485.87 35
LOW
Sleek and Simple
This graph demonstrates how strong our real estate market currently is. With the average house selling at 96% of asking price and only on the market for 46 days now is the time to buy or sell your home.
DO NOT HESITATE TO MAKE YOUR MOVE TO ENSURE YOU GET TOP DOLLAR FOR YOUR PROPERTY OR FIND YOUR DREAM HOME!
The New Minimal
Want your Discovery @ CortezHill property to be our next cover home?
Call Carolyn for the most effective marketing to sell your Condo! All information is deemed reliable but not guaranteed. The homes included are listed and sold by various brokers, based on information from the MLS.
Building Wealth
WWW.BOWHAYPROPERTIES.COM
619.944.5478 Direct/Mobile | 619.501.5557 Office | 619.298.6683 Fax
What’s in your Real Estate Portfolio?
President & Broker-Owner CRS | GRI | e-PRO CalBRE #01264830
BOWHAY PROPERTIES, INC. 1355-A 6th Ave. San Diego, CA 92101 Carolyn@BowhayProperties.com If your home is currently listed, this is not a solicitation for that listing. CA DRE License #01264830
WE KNOW
Marketing
Cover Photography | Calvis Wyant
CAROLYN BOWHAY WHALEN
Searsucker’s Succulent
Mushroom + Burrata on French Toast
Discovery@ Cortez Hill Real Estate Report
Presented By Carolyn Bowhay Whalen
Produced by UpscaleRealEsateMarketing.com • 877.660.0996
WE KNOW
REAL ESTATE
Looking for
Extraordinary Marketing ?
WONDROUS WINERIES
Look no further than
U P S C A L E R E A L E S TAT E M A R K E T I N G
Through The Grapevine
• Printed and mailed to the neighborhood of your choice • Included is digital eBlast to your sphere of influence • PLUS 10 printed pieces for appointments and open houses
Now only $375 for 100 homes. Call today to reserve your neighborhood! President
(210) 343-5296 office (877) 660-0996 efax Lori@DesertLifestyle.net UpscaleRealEstateMarketing.com DesertLifestyle.net Produced by Upscale Real Estate Marketing • 210.343.5296 • www.UpscaleRealEstateMarketing.com
Cover Photography | Candelaria Design
Lori AnnaHarrison
Luxury Market Update Millennial Buyers Making Waves
Exquisite Traditional Fare La Fogata’s Green Enchiladas
Vineyard Visits
In Good Taste La Fogata 210.340.1337 | LaFogata.com
LA FOGATA GREEN CHICKEN ENCHILADAS Ingredients: 1/4 lb Tomatillos, quartered 1/2 c water 1 garlic clove 2 Serrano chiles 1/4 tsp salt 1/4 tsp pepper 1/3 c cilantro leaves, loosely packed 2 chicken breasts 1 c chicken stock, additional chicken stock may be needed 1 c vegetable oil 8 corn tortillas 1 c sour cream 1 lb Mozzarella cheese, grated Lightly salted water Recipe: Boil tomatillos in water with garlic, chiles, salt and pepper until soft, about 15 to 20 minutes. Puree cooked sauce in blender to liquefy. While blending, add washed cilantro leaves; set aside. The sauce yield is about two and a half cups. It will thicken upon standing and you may need to thin with chicken stock. Simmer chicken in lightly salted water until tender, about 10 to 15 minutes. Cool. Chicken will be slightly under-cooked. Shred cooked chicken and then, just prior to serving, heat in one cup chicken stock. This will heat chicken without cooking. In medium skillet, heat oil to 300 degrees. Pass tortillas into hot oil for a few seconds to soften and seal. Remove carefully and set aside between paper towels. Do this just prior to assembly. Fill softened tortillas with shredded chicken and one to two tablespoons of sauce. Roll up and place seam side down in casserole. Pour green sauce over top and garnish with sour cream and cheese. Place in 375 degree oven for 5 to 8 minutes or just long enough to melt cheese. Yield: 6 Servings
If you’ve ever thought of visiting a vineyard but haven’t gone yet, fall is the perfect time of year to enjoy the fruits of the vine. Grape harvest time in the Northern Hemisphere is from August to October. The weather is comfortable and there is lots going on at the vineyards to see and do. You may want to plan your visit based on the wine you prefer to sip. In the U.S., for example, certain varieties reach peak ripeness at different times of the year. If you’re a fan of Pinot Gris, Sauvignon Blanc, Pinot Noir, or Chardonnay, head to the vineyards in September. Chenin Blanc, Merlot, and Syrah tend to peak closer to October. And big, rich Cabernet ripens October through November. Believe it or not, prior to the 20th century, most of America’s wine grapes were grown in the Midwest. It’s no surprise that today, however, California is the nation’s wine leader, producing 90 percent of the wine grapes grown in the U.S. Napa and Sonoma are the pinnacle of wine country on the West Coast. However, things are changing: Wineries are popping up and gaining in popularity around the country, from Washington state and Oregon, to Long Island and upstate New York. Wine grapes are now grown in all but
four states in the nation, according to Snooth.com. Seems there is a variety of grape that grows well in almost every climate in the United States. There are now some 3,000 wineries in the U.S., making it the 4th largest producer of wine in the world. That means ample opportunity for you to stop in at a winery near you or visit one the next time you’re vacationing. Many wine aficionados have their favorite variety of vino, whether it’s red, white, blush, or sparkling. But it’s always good to remember that certain wines go best with certain foods. Gone are the hard and fast rules that red wine should be paired with beef and white should be paired with chicken and seafood. A good rule of thumb: Try rosé with hors d’oeuvres; non-oaky whites (think Sauvignon Blanc) with citrusy meals; and reds with steaks and rich tomato-based dishes. Bottom line? If it makes your meal taste better, you’ve found a perfect pairing. And don’t forget to store your wine appropriately. Although only the finest and rarest of wines truly need to be cellared for a length of time, it is still important to store your wine the right way to keep it tasting its best. Try to keep it stored at a consistent
temperature (the perfect temp is 45 to 65 degrees, but don’t fret if it’s not exact). However, note that extreme changes in heat or cold could affect the taste of the wine. Also, try to keep it out of direct sunlight, which can also alter the flavor. If you aren’t lucky enough to have your own wine cellar, look for a cool, dark place in your home to store your wine or consider a wine cooler as a nice addition to your kitchen. CHEERS!
LOCAL MOVE-UP BUYERS Low interest rates and an improved economy have motivated local buyers
to “move-up” and this has resulted in stiff competition in the entry-level $1 million price point in many markets.
MILLENNIAL BUYERS Clientele for luxury real estate is beginning to skew to the younger generation. “Millennials” – usually defined as those born after 1980 – comprised a growing segment of $1 million-plus home purchasers in 2013. The fact that real estate is a more secure investment and a hedge against inflation motivated millennial buyers. In addition, Millennials are motivated by luxury real estate because it is an investment that can be enjoyed and appreciated. A survey of affluent individuals in the US showed that 57% of wealthy young buyers are considering the purchase of a
SEPTEMBER | OCTOBER 2014 Jazz’SALive Travis Park | September 20 and 21 210.212.8423 | SAParksFoundation.org Some of the nation’s top jazz entertainers, along with regional and local talent, take over Travis Park and dazzle the crowd with their smooth sounds. Eddie Palmieri, Marlena Shaw, and the Yellowjackets are a few of the headlining performances. Cottonwood Art Festival Cottonwood Park | October 4 and 5 972.744.4580 | CottonwoodFestival.com Located in scenic Cottonwood Park in Richardson, Texas, this prestigious art show has been a part of Richardson culture for 44 years. Twice a year, over 250 of the best local, national and international artists transform Cottonwood Park into a unique, outdoor fine art gallery. The festival features local bands that perform the best in rock, country, jazz, blues, swing and folk. Enjoy the Lakeside Courtyard where you can sit in the shade by the lake and relax while you enjoy music, food and spirits. Also, children of all ages can enjoy a variety of art and craft activities at ArtStop. San Antonio Beer Festival Maverick Park | October 18 SanAntonioBeerFestival.com Calling all beer enthusiasts! Join us for an afternoon of cold beer, great food, music, live art and activities and much more. Sample over 200 craft and premium beers from local breweries and around the world. Plus, wine tasting, interactive games, tasty eats and live music keep the fun going all day long.
Luxury Real Estate Marketplace The luxury real estate market is typically defined as properties priced at $1 million and above. This market has recently shown substantial growth due to an improved global economy and surging stock market prices. Forbes Magazine notes that the wealth of the world’s billionaires in 2014 totals $6.4 trillion – a number larger than any year previously calculated. Since the number of wealthy individuals grew to the highest levels ever, the pool of potential luxury home buyers also grew. According to the National Association of Realtors, three types of buyers have emerged as key contributors to the recent surge in luxury real estate sales:
Event Calendar
residence in the next 12 months compared to only 21% of those aged 45 and older.
OVERSEAS BUYERS The overseas buyer typically wants to invest in stable markets and currency favorable locations, especially at the higher price points, which often means investing in “trophy” homes (unique, extremely high-end properties) outside of their resident countries. Because of the low inventory in the luxury real estate market, builders have also re-entered the luxury market – especially the luxury condo market. A new trend in luxury condominium building is “limited edition” properties – properties that have a limited number of units and offer very exclusive amenities. These limited edition
properties have proven very popular and often times sell out before the entire condo community has even been built. With the continued bullish economy, and as long as the stock market suffers no major setback, the outlook for the luxury real estate market looks favorable for the remainder of 2014 and for several years to come.
REAL ESTATE Corner
AT&T Championship TPC San Antonio | October 20-26 ATTChamp.com The 30th Annual AT&T Championship returns to the AT&T Canyons Course at TPC San Antonio. The tournament includes 54 holes of stroke play competition without a cut. The golf courses, designed by Pete Dye and Greg Norman, offer two different playing experiences and great views for all who attend. Norman’s AT&T Oaks Course features narrow, tree-lined fairways and the Canyons Course features Dye’s signature wide fairways and panoramic views of the adjacent Cibolo Canyons. Family Fest and Walk for Kidneys Nelson Wolff Stadium | October 27 210.739.9778 | YXKidney.org Chances are high that, if you live in South Texas, you or someone you know has kidney disease. When you support Family Fest & Walk for Kidneys, you’re showing your support for the people of your community... your family, colleagues, neighbors and friends. This yearly program brings attention to kidney disease and highlights the need for organ donation and kidney screenings.
Vineyard Visits
In Good Taste La Fogata 210.340.1337 | LaFogata.com
LA FOGATA GREEN CHICKEN ENCHILADAS Ingredients: 1/4 lb Tomatillos, quartered 1/2 c water 1 garlic clove 2 Serrano chiles 1/4 tsp salt 1/4 tsp pepper 1/3 c cilantro leaves, loosely packed 2 chicken breasts 1 c chicken stock, additional chicken stock may be needed 1 c vegetable oil 8 corn tortillas 1 c sour cream 1 lb Mozzarella cheese, grated Lightly salted water Recipe: Boil tomatillos in water with garlic, chiles, salt and pepper until soft, about 15 to 20 minutes. Puree cooked sauce in blender to liquefy. While blending, add washed cilantro leaves; set aside. The sauce yield is about two and a half cups. It will thicken upon standing and you may need to thin with chicken stock. Simmer chicken in lightly salted water until tender, about 10 to 15 minutes. Cool. Chicken will be slightly under-cooked. Shred cooked chicken and then, just prior to serving, heat in one cup chicken stock. This will heat chicken without cooking. In medium skillet, heat oil to 300 degrees. Pass tortillas into hot oil for a few seconds to soften and seal. Remove carefully and set aside between paper towels. Do this just prior to assembly. Fill softened tortillas with shredded chicken and one to two tablespoons of sauce. Roll up and place seam side down in casserole. Pour green sauce over top and garnish with sour cream and cheese. Place in 375 degree oven for 5 to 8 minutes or just long enough to melt cheese. Yield: 6 Servings
If you’ve ever thought of visiting a vineyard but haven’t gone yet, fall is the perfect time of year to enjoy the fruits of the vine. Grape harvest time in the Northern Hemisphere is from August to October. The weather is comfortable and there is lots going on at the vineyards to see and do. You may want to plan your visit based on the wine you prefer to sip. In the U.S., for example, certain varieties reach peak ripeness at different times of the year. If you’re a fan of Pinot Gris, Sauvignon Blanc, Pinot Noir, or Chardonnay, head to the vineyards in September. Chenin Blanc, Merlot, and Syrah tend to peak closer to October. And big, rich Cabernet ripens October through November. Believe it or not, prior to the 20th century, most of America’s wine grapes were grown in the Midwest. It’s no surprise that today, however, California is the nation’s wine leader, producing 90 percent of the wine grapes grown in the U.S. Napa and Sonoma are the pinnacle of wine country on the West Coast. However, things are changing: Wineries are popping up and gaining in popularity around the country, from Washington state and Oregon, to Long Island and upstate New York. Wine grapes are now grown in all but
four states in the nation, according to Snooth.com. Seems there is a variety of grape that grows well in almost every climate in the United States. There are now some 3,000 wineries in the U.S., making it the 4th largest producer of wine in the world. That means ample opportunity for you to stop in at a winery near you or visit one the next time you’re vacationing. Many wine aficionados have their favorite variety of vino, whether it’s red, white, blush, or sparkling. But it’s always good to remember that certain wines go best with certain foods. Gone are the hard and fast rules that red wine should be paired with beef and white should be paired with chicken and seafood. A good rule of thumb: Try rosé with hors d’oeuvres; non-oaky whites (think Sauvignon Blanc) with citrusy meals; and reds with steaks and rich tomato-based dishes. Bottom line? If it makes your meal taste better, you’ve found a perfect pairing. And don’t forget to store your wine appropriately. Although only the finest and rarest of wines truly need to be cellared for a length of time, it is still important to store your wine the right way to keep it tasting its best. Try to keep it stored at a consistent
temperature (the perfect temp is 45 to 65 degrees, but don’t fret if it’s not exact). However, note that extreme changes in heat or cold could affect the taste of the wine. Also, try to keep it out of direct sunlight, which can also alter the flavor. If you aren’t lucky enough to have your own wine cellar, look for a cool, dark place in your home to store your wine or consider a wine cooler as a nice addition to your kitchen. CHEERS!
LOCAL MOVE-UP BUYERS Low interest rates and an improved economy have motivated local buyers
to “move-up” and this has resulted in stiff competition in the entry-level $1 million price point in many markets.
MILLENNIAL BUYERS Clientele for luxury real estate is beginning to skew to the younger generation. “Millennials” – usually defined as those born after 1980 – comprised a growing segment of $1 million-plus home purchasers in 2013. The fact that real estate is a more secure investment and a hedge against inflation motivated millennial buyers. In addition, Millennials are motivated by luxury real estate because it is an investment that can be enjoyed and appreciated. A survey of affluent individuals in the US showed that 57% of wealthy young buyers are considering the purchase of a
SEPTEMBER | OCTOBER 2014 Jazz’SALive Travis Park | September 20 and 21 210.212.8423 | SAParksFoundation.org Some of the nation’s top jazz entertainers, along with regional and local talent, take over Travis Park and dazzle the crowd with their smooth sounds. Eddie Palmieri, Marlena Shaw, and the Yellowjackets are a few of the headlining performances. Cottonwood Art Festival Cottonwood Park | October 4 and 5 972.744.4580 | CottonwoodFestival.com Located in scenic Cottonwood Park in Richardson, Texas, this prestigious art show has been a part of Richardson culture for 44 years. Twice a year, over 250 of the best local, national and international artists transform Cottonwood Park into a unique, outdoor fine art gallery. The festival features local bands that perform the best in rock, country, jazz, blues, swing and folk. Enjoy the Lakeside Courtyard where you can sit in the shade by the lake and relax while you enjoy music, food and spirits. Also, children of all ages can enjoy a variety of art and craft activities at ArtStop. San Antonio Beer Festival Maverick Park | October 18 SanAntonioBeerFestival.com Calling all beer enthusiasts! Join us for an afternoon of cold beer, great food, music, live art and activities and much more. Sample over 200 craft and premium beers from local breweries and around the world. Plus, wine tasting, interactive games, tasty eats and live music keep the fun going all day long.
Luxury Real Estate Marketplace The luxury real estate market is typically defined as properties priced at $1 million and above. This market has recently shown substantial growth due to an improved global economy and surging stock market prices. Forbes Magazine notes that the wealth of the world’s billionaires in 2014 totals $6.4 trillion – a number larger than any year previously calculated. Since the number of wealthy individuals grew to the highest levels ever, the pool of potential luxury home buyers also grew. According to the National Association of Realtors, three types of buyers have emerged as key contributors to the recent surge in luxury real estate sales:
Event Calendar
residence in the next 12 months compared to only 21% of those aged 45 and older.
OVERSEAS BUYERS The overseas buyer typically wants to invest in stable markets and currency favorable locations, especially at the higher price points, which often means investing in “trophy” homes (unique, extremely high-end properties) outside of their resident countries. Because of the low inventory in the luxury real estate market, builders have also re-entered the luxury market – especially the luxury condo market. A new trend in luxury condominium building is “limited edition” properties – properties that have a limited number of units and offer very exclusive amenities. These limited edition
properties have proven very popular and often times sell out before the entire condo community has even been built. With the continued bullish economy, and as long as the stock market suffers no major setback, the outlook for the luxury real estate market looks favorable for the remainder of 2014 and for several years to come.
REAL ESTATE Corner
AT&T Championship TPC San Antonio | October 20-26 ATTChamp.com The 30th Annual AT&T Championship returns to the AT&T Canyons Course at TPC San Antonio. The tournament includes 54 holes of stroke play competition without a cut. The golf courses, designed by Pete Dye and Greg Norman, offer two different playing experiences and great views for all who attend. Norman’s AT&T Oaks Course features narrow, tree-lined fairways and the Canyons Course features Dye’s signature wide fairways and panoramic views of the adjacent Cibolo Canyons. Family Fest and Walk for Kidneys Nelson Wolff Stadium | October 27 210.739.9778 | YXKidney.org Chances are high that, if you live in South Texas, you or someone you know has kidney disease. When you support Family Fest & Walk for Kidneys, you’re showing your support for the people of your community... your family, colleagues, neighbors and friends. This yearly program brings attention to kidney disease and highlights the need for organ donation and kidney screenings.
SEPTEMBER | OCTOBER 2014
S A N
A N T O N I O
Downtown & Metro San Diego
January | February 2014
PROVIDING A LIFEST YLE, NOT JUST AN ADDRESS. Represented Over 45 Discovery @ Cortez Hill Transactions Since 2002 Listing and selling condos in this building is especially important to me and I am committed to my clients to give the best service possible. As an original owner from 2002 to 2007, I have grown fond of the location, residents and lifestyle Discovery @ Cortez Hill has to offer! In today’s market you need an agent that demonstrates expertise and confidence throughout the entire transaction. I offer my clients the knowledge, upscale marketing, and negotiating skills to get YOUR CONDO SOLD!
92101 CONDOS PRICE/SQFT IN THE LAST 30 DAYS BED BATH SQFT
2
HIGH
3
LP
LP/SQFT
SP
2,610 $1,770,000 $991.04
SP/SQFT
DOM
$1,680,000 $940.65 174
0
1
483
$240,000
$310.61
$220,000
$288.24 2
AVERAGE 1
1
1,133 $602,223
$513.96
$579,361
$495.24 48
MEDIAN 2
2
1,067 $459,450
$503.41
$450,000
$485.87 35
LOW
Sleek and Simple
This graph demonstrates how strong our real estate market currently is. With the average house selling at 96% of asking price and only on the market for 46 days now is the time to buy or sell your home.
DO NOT HESITATE TO MAKE YOUR MOVE TO ENSURE YOU GET TOP DOLLAR FOR YOUR PROPERTY OR FIND YOUR DREAM HOME!
The New Minimal
Want your Discovery @ CortezHill property to be our next cover home?
Call Carolyn for the most effective marketing to sell your Condo! All information is deemed reliable but not guaranteed. The homes included are listed and sold by various brokers, based on information from the MLS.
Building Wealth
WWW.BOWHAYPROPERTIES.COM
619.944.5478 Direct/Mobile | 619.501.5557 Office | 619.298.6683 Fax
What’s in your Real Estate Portfolio?
President & Broker-Owner CRS | GRI | e-PRO CalBRE #01264830
BOWHAY PROPERTIES, INC. 1355-A 6th Ave. San Diego, CA 92101 Carolyn@BowhayProperties.com If your home is currently listed, this is not a solicitation for that listing. CA DRE License #01264830
WE KNOW
Marketing
Cover Photography | Calvis Wyant
CAROLYN BOWHAY WHALEN
Searsucker’s Succulent
Mushroom + Burrata on French Toast
Discovery@ Cortez Hill Real Estate Report
Presented By Carolyn Bowhay Whalen
Produced by UpscaleRealEsateMarketing.com • 877.660.0996
WE KNOW
REAL ESTATE
Looking for
Extraordinary Marketing ?
WONDROUS WINERIES
Look no further than
U P S C A L E R E A L E S TAT E M A R K E T I N G
Through The Grapevine
• Printed and mailed to the neighborhood of your choice • Included is digital eBlast to your sphere of influence • PLUS 10 printed pieces for appointments and open houses
Now only $375 for 100 homes. Call today to reserve your neighborhood! President
(210) 343-5296 office (877) 660-0996 efax Lori@DesertLifestyle.net UpscaleRealEstateMarketing.com DesertLifestyle.net Produced by Upscale Real Estate Marketing • 210.343.5296 • www.UpscaleRealEstateMarketing.com
Cover Photography | Candelaria Design
Lori AnnaHarrison
Luxury Market Update Millennial Buyers Making Waves
Exquisite Traditional Fare La Fogata’s Green Enchiladas