Advice Pool - Real Estate

San Diego county has always been known for its Luxury Homes, yet in 2004 San Diego County luxury home sales (h

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

omes over $1,000,000) hit an incredible 2774 total units, an increase of almost 170% over total sales in 2003!

In the entir

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

e State of California, A total of 33,107 homes sold for a million dollars or more last year. That was up 73.5 percent from 1

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

9,080 in 2003. The total was 13,871 in 2002, according to DataQuick Information Systems.

"A million dollars just isn't what

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

it used to be when it comes to San Diego real estate. Because of appreciation, low interest rates, and San Diego’s Dr

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

aw as a retirement community, more homes are in the million-dollar category than was the case earlier. In fact, so far in 2

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

005 San Diego County MLS shows that there has already been 2130 homes Sold in San Diego County for over $1,000,000 wi

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

th an additional 607 that are currently in escrow! Looks like another record year.

Million-dollar sales accounted for 5.0

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ercent of all California home purchases in 2004. In San Diego Count, Million-dollar home sales accounted for 6.5% of the tot

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

al Attached and Detached San Diego County Real Estate Sales.

Statewide, there were 221 sales for more than $5 million last

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

year, 237 sales were in the $4-$5 million range, 690 in the $3 million range, 2,894 sales in the $2 million range, and the r

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

est between $1 million and $2 million.

The numbers include home sales where it could be determined from public records that

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

there was a buyer, a seller, that money changed hands, and that there was a legal transfer of property ownership.

Not inclu

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ded were property swaps, sales of multiple lots, teardowns, and large farm or ranch properties. Home sales to companies were

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

included, as were sales to trusts. Rancho Santa Fe in San Diego County is a community where virtually all home sales were

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

in the million- dollar category.

According to DataQuick; Around 15 percent of the buyers paid cash, up from 12 percent in

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

003. Of those who financed their purchase, the median down payment was 25 percent of the purchase price. Lending institution

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

s most willing to provide mortgage financing were Washington Mutual, Countrywide Home Loans and Wells Fargo.

With San Diego

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

Counties amazing price appreciation, the incredible climate, and the constraints on real estate development... it is this r

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

eal estate professionals opinion that San Diego County will soon have many zip codes with nothing buy $1,000,000+ home sales

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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