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National Real Estate Figure Positive About Local Housing Market in San Diego

Coldwell Banker Real Estate Jim Gillespie spoke about national and local housing markets at a recent event hosted by Coldwell Banker West.

Chula Vista, CA, June 25, 2012 --( Jim Gillespie, chief executive officer of Coldwell Banker Real Estate LLC, recently visited San Diego County and spoke to more than 400 real estate agents, at the San Diego Real Estate Economic Summit held at the Otay Ranch Town Center.

Gillespie, one of the housing industry’s top spokespeople who is routinely interviewed by such outlets as CNBC, Fox Business Channel,, New York Times and others, spoke about how real estate remains a local business with each market differing greatly.

“Just as there is no national weather map, we are working hard to educate consumers that each market and neighborhood varies in such critical indicators as appreciation, inventory and time on market,” Gillespie said. “To me, this is one of the greatest times to buy a home in my 36 years in the business.”

Gillespie was joined by Chula Vista Mayor Cheryl Cox, who spoke about the positive changes in the local housing market and future plans in developing the Chula Vista bay area. “How great will it be when you can sell affordable water front property in Chula Vista in the near future?” Said Mayor Cox to an enthusiast crowd and added that in the next years to come Chula Vista will see more job creation, development, and growth in population.

Gillespie also participated in a real estate economic panel with George Chamberlin, host of “Money Matters”; Alan N. Nevin, Real Estate Economist at the London Group; and Marty Conrad, Senior Vice-President of Coldwell Banker San Diego; with Peter Mendiola, President of Coldwell Banker West, as moderator and host of the event.

Guest of the event asked questions on topics ranging from issues on housing marking trends to the future of the local housing market. Evita Garcia, of Point West Escrow, who attended the event said, “The event was informative. A couple of things that stood out were Mayor Cox speaking about the water front in Chula Vista; I also found very interesting the comment Chamberlin made about south San Diego County having all the land compared to north San Diego County, who has run out of building space.”

“Having Jim come to San Diego County was impressive,” said Karen Vargas, Sales Manager of Coldwell Banker West. “Not only did many agents feel a sigh of relief after hearing Jim affirm the positive outlook of the housing market, but continuously having three other real estate economist with the same sentiment made all the difference.”

For more details of Gillespie’s three day visit to San Diego County or about the San Diego Real Estate Economic Summit please call Coldwell Banker West with three offices in south San Diego County, at (619) 934-8802 or email
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Coldwell Banker West
Alexander Capio

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