JENNY DUMAI AND
ILANA MACZKA
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FEATURED LISTINGS
- 3D
Active$440,000
1 Bed1 Bath625 SqFt6602 Beadnell WAY #14, San Diego, CA 92117
Condo
Listed by Jenny Dumai of Coldwell Banker West
- 1/22 22
Open Sat 11AM-2PM$685,000
2 Beds2 Baths983 SqFt1209 Hueneme St #15, San Diego, CA 92110
Condo
Listed by Sonja Stolzenberg of Keller Williams La Jolla
- 3D
Open Sat 12PM-3PM$699,000
2 Beds2 Baths958 SqFt1250 Cleveland Ave #C114, San Diego, CA 92103
Single Family Home
Listed by Jim Hush of Coldwell Banker West
- 1/28 28
New$1,995,000
3 Beds2 Baths2,495 SqFt1705 Chatsworth Blvd, San Diego, CA 92107
Single Family Home
Listed by Janna Hernholm of Pacific Sotheby's International Realty
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(DEC 18, 2024 - JAN 17, 2025)
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Meet Jenny and Ilana
RECENT SALES
- 1/27 27
closed
$775,000
0.8%$769,000
2 Beds2 Baths1,222 SqFt3560 1st Avenue #3, San Diego, CA 92103
Condo
Listed by Jeff Davidson of The Agency
- 1/16 16
closed
$475,000
$475,000
1 Bed1 Bath660 SqFt1907 Robinson Ave #201, San Diego, CA 92104
Condo
Listed by Jenny Dumai of Coldwell Banker West
- 1/46 46
closed
$1,120,000
$1,120,000
3 Beds3 Baths2,337 SqFt1297 Poplar Spring Rd, Chula Vista, CA 91915
Single Family Home
Listed by Ilana Maczka of Coldwell Banker West
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WHAT'S GOING ON AROUND TOWN?
How Carlsbad Became the Golf Equipment Capital of the World
“I started playing golf when I was 16,” David Moon says. “I’m married to the game, and I love this brand.”His affection for Honma Golf is understandable. Clubs from the BERES line, with smooth metals dyed silver, gold, and red, look more like pieces of jewelry than they do sporting goods. It’s Moon’s job, as the company’s ecommerce and customer service manager, to sell those clubs, although that title doesn’t fully capture his role running Honma Golf’s three-person Carlsbad operation. Courtesy of Honma GolfFounded in Japan in 1959, the company developed a devout following, mostly in Asia, for its meticulously designed and unusually sophisticated golf clubs. They aren’t manufactured so much as they are crafted, but for decades that luxury went largely unnoticed in North America. In an effort to grow in Western markets, Honma Golf setup shop in Torrance in Los Angeles County, then Cyprus in Orange County. Finally, in 2019, the company landed in Carlsbad, known as the “golf equipment capital of the world.” December 29, 2024The San Diego Architect Who Helped Tiger Woods Design the Wild, Techy Future of GolfRELATED ARTICLEThat may sound like a roadside oddity or an obscure Guinness World Record, but in Carlsbad the moniker is serious business. A block from Honma Golf is Titleist’s Carlsbad office. TaylorMade and Callaway are headquartered on the other side of Palomar Airport. That makes three of golf’s “Big Four” brands within two miles of each other, and you can’t swing a club without hitting dozens of smaller companies like Cobra and Honma. “It’s good to be in the mix with the big companies,” Moon says. “We’re not moving any time soon.” Courtesy of San Diego Tourism AuthorityTaylorMade Golf production facilityAccording to a report from the city’s economic development division, there are no less than 116 firms in the sports innovation and design industry cluster, which includes the city’s world-renowned golf equipment manufacturers. “We’re claiming over 2,300 employees in that sector, which is more than six times the national average,” says Bret Schanzenbach, president and CEO of the Carlsbad Chamber of Commerce. “It also generates good income—averaging $130,000 per employee per year in annual earnings.”November 11, 202415 of the Best Golf Courses in San DiegoRELATED ARTICLECallaway and TaylorMade together earn over $5 billion annually, or about $5 for every golf ball the world manufactures in a year. And the story of selling golf balls is inextricably linked with the story of Carlsbad.Long a farming town, Carlsbad didn’t incorporate until 1952. Its population as of the 1960 census was just over 9,000, and not many people outside of San Diego County had heard of the town until the La Costa Resort, opened in 1965, began hosting the PGA’s Tournament of Champions in 1969. A 34-year-old Gary Player, at the height of his legendary career, fended off the likes of Jack Nicklaus, Arnold Palmer, and Lee Trevino for the trophy that year.Courtesy of The Club at La Costa“I believe it is the way courses should be set,” Player told The New York Times after his victory at La Costa, now known as the Omni La Costa Resort & Spa. “It’s as fine a course as I won on.” High praise from a man who had taken the crown at the British Open nine months prior. La Costa would go on to host the tournament for the next 30 years, and the city grew around it.That’s due in large part to Ely Callaway and Gary Adams. A textiles executive from Georgia, Callaway brought his fledgling golf club company to Carlsbad in 1983. A year later, Adams came to town with TaylorMade, a company he started in Illinois that had some success hawking “metalwoods,” a departure from the traditional all-wood sets. In 1991, Callaway took the novel idea a step further and invented the Big Bertha driver, the first made entirely of stainless steel. The club head was massive yet light in the hand. It felt like the future, because it was. The story of golf—and Carlsbad—became centered around engineering, research and development, and technological advances. It mirrored the digital revolution rooted in Northern California. The Bay Area had Silicon Valley. Carlsbad had Titanium Valley. Honma Golf resides on Innovation Way. Courtesy of TaylorMade Golf“If you’re a golf company, do you want to be based in Illinois, or are you going to go to a place like California where you can golf year round?” Schanzenbach says. Carlsbad has “infrastructure, plus the weather, plus the quality of life, and the ability to bring in top [golf] professionals to your facility to test out your equipment,” he adds. “You want to bring them to a place where, afterwards, you can go out to a really nice course with beautiful weather and treat them.” But the local industry has hit the rough in recent years. According to the city, employment in the sector declined 16.3 percent between 2018 and 2020, a trend that started back in 2013, despite overall golf participation being up 30 percent since 2016, according to the National Golf Foundation. While the weather in Carlsbad is still perfect, some of the factors that fueled its explosive growth, especially cheap land and plentiful labor, are today tilting against it.Courtesy of TaylorMade Golf“Coming out of Covid, one of the biggest things we were hearing from our membership was the challenge with finding and then retaining talent for their companies,” Schanzenbach says. “I know TaylorMade has done a good job with it. But [for] the middle-tier companies, it’s hard.”Honma Golf felt this firsthand.PGA tour pro Justin Rose signed with the company in early 2019, and a few weeks later, he won the Farmers Insurance Open in San Diego. Honma was finally making inroads in the US, then Covid hit. “All the momentum stopped,” Moon says. Sales slumped, then the company struggled with staff turnover and recruiting executive and marketing teams to achieve its goals in North America. The realities of high costs, intense competition, and hiring challenges set in, but Honma Golf is undeterred. By reorganizing its marketing team and refocusing on its core market segment of golfers interested in premium clubs, the company feels there are better days ahead. “2025 is going to be a good year,” Moon predicts.Courtesy of TopgolfIt’s a retrenchment not unlike Callaway Golf’s. In September, the company announced it was spinning off Topgolf, the chain of entertainment-focused driving ranges it acquired just four years earlier. The company wants to focus on its traditional golf equipment and apparel business, the one based in Carlsbad—the one that helped make Carlsbad. After Covid’s industry-wide disruptions, the future of the local golf manufacturing industry is coming into focus. So far, it looks a lot like the first 40 years: You can’t play golf without Carlsbad.The post How Carlsbad Became the Golf Equipment Capital of the World appeared first on San Diego Magazine.
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Average rate on 30-year mortgage hits 7%, its fifth straight increase and highest level since May
By ALEX VEIGAThe average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.Related ArticlesBusiness | American Express agrees to pay more than $138M to resolve investigation into sales and marketing Business | How much is TikTok worth and who could buy it? Business | Is San Diego’s BoujieMana the best restaurant you’ve never heard of? Business | San Diego’s biggest home sales in 2024 were in La Jolla Business | More Americans file for unemployment benefits last week, but layoffs remain historically low The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.6%. It has risen for five straight weeks.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also rose this week. The average rate increased to 6.27% from 6.14% last week. A year ago, it averaged 5.76%, Freddie Mac said.The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the U.S. 10-year Treasury. The yield on the 10-year Treasury has climbed from 3.62% in mid-September to 4.61% as of midday Thursday.The elevated mortgage rates, which can add hundreds of dollars a month in costs for borrowers, have discouraged home shoppers, prolonging a national home sales slump that began in 2022.While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market was on track to end 2024 as its worst year for sales since 1995. Full-year home sales data are due out next week.The average rate on a 30-year mortgage is now the highest it’s been since May 9, when it was at 7.09%.Interest rates have been climbing since the Federal Reserve signaled last month that it expects to raise its benchmark rate just twice this year, down from the four cuts it forecast in September.The Fed is tapping the brakes on rate cuts because inflation remains stubbornly above the central bank’s 2% target, even though it’s fallen from its mid-2022 peak. Economists also worry that President-elect Donald Trump’s economic policies, notably his plan to vastly increase tariffs on imports, could fuel inflation.
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San Diego’s biggest home sales in 2024 were in La Jolla
La Jolla was a jewel in the luxury buyer’s eye in 2024.Two La Jolla sales — both for $35 million — were tied for the biggest home sales of the year. Other than those sales, it was a slower year for luxury housing, which mirrored a down sales year for the whole market. The region’s biggest-ever home sale is still a $44.1 million sale in 2023.In 2024, affluent buyers mostly put a premium on being close to the ocean as opposed to mansions in Rancho Santa Fe or other inland areas. La Jolla stood apart from other San Diego neighborhoods with three properties on this year’s list.document.createElement('video');https://wpdash.medianewsgroup.com/wp-content/uploads/2025/01/Top-Home-Sales.mp4Both of the top sales of the year were sold by real estate agents Ross Clark and Brett Dickinson of the Dickinson-Clark Team at Compass. They said affluent buyers have a newfound interest in the quiet of La Jolla after preferring Los Angeles area properties for many years.“They have discovered La Jolla,” Clark said.Last year also featured several eye-popping listings that have yet to turn into a sale. The Sand Castle Mansion in La Jolla, a 13,000 square foot oceanfront property, went on sale for $108 million in October. It was followed in November by a newly built beachfront 30,491-square-foot property in Del Mar for $75 million.The San Diego Union-Tribune’s list is based on property records and sales data from the Multiple Listing Service and the San Diego County Assessor’s Office.1. 7007 Country Club Dr., La Jolla – $35 million (tie)The company that bought the Foxhill Estate for $35 million has submitted plans for development. (Austin Ashline, Future Home Photo)The year in luxury housing started out with a bang in April with the biggest ever sale in La Jolla of the Foxhill Estate property formerly owned by hotel developer Doug Manchester. The more than 30-acre property beat the previous La Jolla record by more than $10 million.The buyers were an investment group called Foxhill Invco Two LLC, which included Larry Hershfield, CEO of San Diego-based investment firm Ranch Capital. He also serves on the board of several companies, including Hawaiian Airlines.Manchester, a former owner of The San Diego Union-Tribune, bought the property previously owned by the Copley family, also former owners of the newspaper, in 2015 for $17 million.The hilltop estate includes orchards, gardens, a gym, eight-car garage, greenhouse, staff quarters, formal dining room, three-hole golf course, pool pavilion and the 23,000-square-foot Foxhill Estate with 10 bedrooms and 14 bathrooms. There are four gated entrances to the property.Foxhill Estate was home to high-society dinner parties while owned by the Copleys, including once hosting President Richard Nixon. The property is adjacent to the La Jolla Country Club. The French-style home was built in 1959 but went through many changes over the years, including its expansion by Manchester. It was not considered historic in a 2015 vote by the San Diego Historical Resources Board.1. 8303 La Jolla Shores Dr., La Jolla – $35 million (tie)An aerial view of 8303 La Jolla Shores Drive, which sold for $35 million. The 4.5-acre property ties the record for the biggest-ever La Jolla residential sale. (Courtesy of Property Showcase Group)A second La Jolla property sold for the same record-breaking amount a few months later. This could almost be considered a land sale, except for a 1940s, 3,304-square-foot single-family home on the property.The new owners, organized under an LLC named Cielo Mar La Jolla, are six separate parties that plan to build six homes on the land. The property has been in different stages of development for several years.The six buyers did not previously know each other but came together after each contacted Clark and Dickinson individually looking for property in La Jolla. They described the buyers as three international families, and three from Southern California. They said non-disclosure agreements meant they could not reveal much about the buyers, and identities are shielded through the LLC.2. 1127 F Ave., Coronado – $28 million1127 F Ave. in Coronado sold for $28 million in 2024. (Alejandro Tamayo / The San Diego Union-Tribune)1127 F Ave. in Coronado sold for $28 million in 2024. (Alejandro Tamayo / The San Diego Union-Tribune)Show Caption1 of 21127 F Ave. in Coronado sold for $28 million in 2024. (Alejandro Tamayo / The San Diego Union-Tribune)ExpandCoronado makes its only appearance on this list with this mansion featuring a Star Wars-themed theater.It was sold by Funko toy executive Brian Mariotti who created the 26-seat home theater complete with statues of Darth Vader, Boba Fett and a stormtrooper; Replica guns from several Star Wars movies; Funko dolls of Grogu (often called Baby Yoda); and dozens of other Star Wars items.He put the home for sale in summer 2022 for $39 million and sold for a steep discount in January 2024. The buyer’s identity was shielded through a business called Crown Jewel of Coronado LLC. A listing agent involved in the sale declined to speak with the Union-Tribune.The property has a historic designation, so there likely won’t be a lot of changes to the home, which is a short walk to Coronado’s famous beach. The Spanish style estate features a 13,129-square-foot main house, guest house and private garden.It was originally built in 1925 and designed by San Diego architect Richard Requa, who is known for improving and building several buildings throughout Balboa Park. Among his other work: He designed the San Diego County Administration Center (along with other architects) and came up with the initial layout of Rancho Santa Fe.3. 7310 Vista Del Mar Ave., La Jolla – $21.2 million7310 Vista Del Mar Ave. in La Jolla sold for $21.2 million in 2024. Pictured: Front view of the home in January 2025. (Alejandro Tamayo / The San Diego Union-Tribune)7310 Vista Del Mar Ave. in La Jolla sold for $21.2 million in 2024. Pictured: Back view of the home with access to the beach in January 2025. (Alejandro Tamayo / The San Diego Union-Tribune)7310 Vista Del Mar Ave. in La Jolla sold for $21.2 million in 2024. Pictured: Back view of the home with access to the beach in January 2025. (Alejandro Tamayo / The San Diego Union-Tribune)Show Caption1 of 37310 Vista Del Mar Ave. in La Jolla sold for $21.2 million in 2024. Pictured: Front view of the home in January 2025. (Alejandro Tamayo / The San Diego Union-Tribune)ExpandLa Jolla is back on the list with this 4,900-square-foot home that leads directly to the beach.Called the “Whispering Sands Beach Estate” in marketing materials, the 4,900-square-foot home features four bedrooms, 5 1/2 bathrooms, a pool and a hot tub that can fit seven people. The home is elevated 18 feet above the sand.The main bedroom takes up the entire second floor of the property, which features a deck, dual bathrooms, walk-in closets and other custom features.Property records list the buyer as Formative Charis LLC based in Sacramento. The home is listed as a luxury rental on several vacation websites but no dates were available to check prices.4. 2016 Ocean Front, Del Mar – $18.5 millionThe beachfront home at 2016 Ocean Front sold for $18.5 million in 2024, making it the biggest Del Mar sale of the year and the fourth-highest overall in San Diego County. (Barry Estates)The beachfront home at 2016 Ocean Front has a deck with views of the ocean. (Barry Estates)Living area at 2016 Ocean Front with views of the ocean. (Barry Estates)Space for guests to view the ocean from the deck at 2016 Ocean Front. (Barry Estates)The primary bedroom at 2016 Ocean Front. (Barry Estates)Show Caption1 of 5The beachfront home at 2016 Ocean Front sold for $18.5 million in 2024, making it the biggest Del Mar sale of the year and the fourth-highest overall in San Diego County. (Barry Estates)ExpandDel Mar makes its only appearance on the list with this 3,920-square-foot beachfront property — the smallest on this year’s list.In addition to beach access, the two-story property has three bedrooms, five bathrooms and six parking spots (a major premium in that area). It is in the vicinity of some of the biggest home sales in San Diego County history — including the Bill Gates house, which sold for $43 million in 2020, and last year’s top sale, a home sold on Sandy Lane for $44.1 million to private-equity billionaire Egon Durban.Listing agent Jason Barry said while 2016 Ocean Front was the most expensive in Del Mar last year, it was still one of the lower priced homes in that area.The home was sold by the Sykes Family Trust to an Encinitas-based corporation called Ocean Trust LLC. It was used as a high priced rental for several years at $20,000 a month.5. 6720 Las Colinas, Rancho Santa Fe – $17.5 million The mansion at 6720 Las Colinas in Rancho Santa Fe sold for $17.5 million in October. The property features nine bedrooms,12 bathrooms, a tennis court, pool, French and English crafted additions, and space for 17 cars. (Barry Estates)The tennis court at 6720 Las Colinas in Rancho Santa Fe. (Barry Estates)The mansion at 6720 Las Colinas in Rancho Santa Fe sold for $17.5 million in October. The property features nine bedrooms,12 bathrooms, a tennis court, pool, French and English crafted additions, and space for 17 cars. (Barry Estates)A living area at 6720 Las Colinas in Rancho Santa Fe, which sold for $17.5 million in October. (Barry Estates)A walk-in closet at 6720 Las Colinas in Rancho Santa Fe. (Barry Estates)A kitchen in the mansion at 6720 Las Colinas in Rancho Santa Fe. (Barry Estates)The mansion at 6720 Las Colinas in Rancho Santa Fe sold for $17.5 million in Oct.. The property features nine bedrooms,12 bathrooms, a tennis court, pool, French and English crafted additions, and space for 17 cars. (Barry Estates)The mansion at 6720 Las Colinas in Rancho Santa Fe sold for $17.5 million in Oct.. The property features nine bedrooms,12 bathrooms, a tennis court, pool, French and English crafted additions, and space for 17 cars. (Barry Estates)Show Caption1 of 8The mansion at 6720 Las Colinas in Rancho Santa Fe sold for $17.5 million in October. The property features nine bedrooms,12 bathrooms, a tennis court, pool, French and English crafted additions, and space for 17 cars. (Barry Estates)ExpandThis 15,649-square-foot mansion comes with nine bedrooms,12 bathrooms, a tennis court, pool, French and English crafted additions, and space for 17 cars.The home was built by Jenny Craig’s daughter and son-in-law, stockpiling artifacts for a decade from Europe that would go into the property. For example, the kitchen uses 150-year-old wood floors from an old baking mill in Paris.New rules across Europe and the U.S. concerning the import of cultural goods out of home nations would likely prevent a similar antique property from being designed today.“You can’t reproduce this home,” said listing agent Laura Barry.The property was purchased by a Pennsylvania-based trust called Vadorra Property Trust.
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