Downtown real estate market still going strong

Despite high levels of inventory and slowing overall sales, the Downtown San Diego real estate market remains strong.
As we head towards the summer market, there are reasons to be cautiously optimistic, and one big reason to be sell now.
The subprime mortgage market has all but fallen out. 100% financing is close to gone. How will this effect the condo market? We will wait to see. What we do know, is that the median sales price has increased year over year, a sign that entry level and 100% buyers will have less of an effect on the market.
New projects are on hold, but what is coming to completion are some highly anticipated releases, such as Vantage Poing, Smart Corner and for the uber luxury buyer - Bayside by Bosa Development. Of the three, only Smart Corner is targeting more entry level buyers.
Rates should remain favorable, and the local economy looks good for 2007.
Check out Nuvilla for information on Downtown San Diego real estate.