Thoughts on El Cajon area

[Kevin Phu]

I wanted to throw some ideas and thoughts at the experienced crowd.

Background: I currently live in El Cajon. Specifically in the area around the Main and Jamacha/Second intersection right off of the 8. In the past year or so, that area has built a Chipotle, Jamba Juice, Wingstop, Yogurt Land and the Sprouts is currently under construction for expansion. 

With these developments, what do you predict for the future of El Cajon? I feel that over the long term, property values will rise and the neighborhoods will become nicer and more appealing. 

[Ryan Woods]

@Kevin Phu you are absolutely correct. I think they call it the "Starbucks effect" but it has been traced to Whole Food and other higher end markets. It's simply homes that are within 5 minutes of a Starbucks or Whole food (Sprouts in this case) have a drastically higher desirability rating. The numbers follow the trends of these places moving. So if you can get in before expansions or even before these places are built you can expect an even greater return. 

I see a lot of opportunity in El Cajon. Especially the pocket neighborhoods in the area you are discussing. Many of the homes are very original but fairly well maintained. I think that trend will continue with home prices rising and the area becoming increasingly desirable. Also some of the larger homes or estates with the large lots will be very attractive to people wanting "Estate like" homes for a better value. 

Thanks,

Ryan Woods