San Diego Real Estate

2007-04-13T18:12:00.000-07:00

2007-04-11T10:44:00.000-07:00

2007-04-10T18:54:00.000-07:00

2007-04-10T18:37:00.000-07:00

2007-04-10T16:53:00.000-07:00

2007-04-10T16:45:00.000-07:00

Downtown real estate market still going strong

2007-03-12T18:42:00.000-07:00

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.

Homes For Sale in Downtown San Diego

2006-09-29T15:53:00.000-07:00

Mnay of the new homes that have hit the market in Downtown San Diego recently are pretty pricey.
There are however, a few developments that offer "affordable" (San Diego style) pricing. Check this blog out for San Diego real estate info. Specifically, note the posts about Atria (a condo conversion near Horton Plaza), Vantage Point (in Downtown's Core District) and the few Fahrenheit units left under the builder close out sales specials.

Downtown San Diego Real Estate

2006-09-14T11:14:00.000-07:00

A couple of good values downtown. First, the Fahrenheit building downtown has a few units left in the builder close out stage. Resale units are also hitting the market. Look for some opportunties to get good deals as builder sales and resale sellers compete to sell fast with little margin. Also, as noted in the "San Diego Real Estate Blogs's" Downtown San Diego Real Estate section, Atria is also offering pricing specials in an attempt to sell off before rates price some buyers out. Per square foot (when factoring in HOA's) Atria is one of the best buys downtown.

Real Estate Statistics

2006-01-02T13:26:00.000-08:00

November 2005
Condos, Lofts & Townhomes 92101

New Listings: 154
Average List Price: $686,450
Median List Price: $599,000
Total Sold: 48
Average Sales Price: $610,014
Median Sales Price: $535,000
Sold Price/ List Price%: 96.83%
Average Market Time: 63 Days

Real Estate Statstics

2006-01-02T13:22:00.000-08:00

November 2005
Single Family Homes 92101

New Listings: 5
Average List Price: $1,059,800
Median List Price: $399,000
Total Sold: 1
Average Sales Price: $625,000
Median Sales Price: $625,000
Sold Price/ List Price%: 100%
Average Market Time: 6 Days

Southern California, 2016

2005-12-01T16:25:00.000-08:00

We likely won't recognize the world 10 years from now. Watching the real estate market everyday and by pulling research from many different sources, one can find a picture a world in San Diego, California and the United States much different than the world we live in today. Let's take a walk through World 2016.
Cities that continue to show high job growth will look more urbanized. More people will inhabit the progressively more urbanized cities sprinkled with new high-rise condo projects. Nowhere is that more true than in home San Diego where builders continue to build high rise condominiums, and infill projects add density to where older run-down homes once stood. Southern California will have more projects like these to house the 4 million more people that the U.S Census Bureau says will be here in 10 years. California as a whole will add 6 million while the United States' population will have 29 million more people. San Diego has California's third highest number of people per square mile and will move up to grow more dense.
Besides Southern California having more high rises, transit villages located around mass transit stops like the Trolley's Blue Line and the Orange line will become more popular. City planners say they give fast track approval to any mixed use development that combines commercial, retail and residential uses to get more cars off the road. We will need these projects because California is adding a 1000 cars a day, a growth rate that cannot be sustained (I hope).
Urban sprawl will cause “megapolises” to form along this nation's interstate road system. Seattle-Vancouver, Los Angeles-Las Vegas, Miami-Atlanta-Chattanooga is just some of the highway strips where these faster growing areas will be located. More people will drive further to work than ever before.
Stressed out commuters owning homes in outlying areas farther from the traditional urbanized work centers will increasingly work from home. The Small Business administration estimates that the 20 million Americans that work from home will double by 2016. Working from home will become a more common phenomenon as more American workers are downsized and start their own business. Companies will become more lenient and give incentives to keep their workers off traffic-clogged freeways.
The cars we drive will be smaller, cleaner and more fuel efficient. General Motors just announced that by 2008 it would lay off 30,000 workers and shutter 8 plants involved in the production of its slow selling gas guzzling SUVs and pick up trucks. GM will shortly lose its status as the world's largest automaker as more Americans choose gas friendly Nissans and Hondas.
We will not run out of oil-not for a long time. Petroleum and all of its associated uses- electricity, heat, plastics, fertilizers, and synthetic rubbers will cost us more in 2016-maybe a lot more. In the last 10 years the price of oil has more than doubled-it will double again and make oil shale and other hard to get to reserves commercially feasible again. Development of alternate energy technologies will be the next hot growth industry and the Research and Development money will go to the already tech-savvy areas where the highly educated talent lives-Southern California, San Francisco's Bay Area, Austin, Boston and Raleigh-Durham's Research Triangle.
Internet based information will flow faster over high capacity fiber optic lines. Businesses in industries not yet conceived of will spring up and companies that can quickly grow and contract with the fast-changing economic climates will survive. Cities solely reliant on one major industry will face challenges as Southern California did in the mid 1990's when over 100,000 defense contractor workers were laid off in 2 years. This likely will prove Southern California's economy to be remarkably resilient by 2016 and well poised to receive the changes the next decade will bring.

Stay tuned for more from Steve Dexter.

Steve Dexter
949-494-1676

Call Steve for great loan programs- interest only loans, 100% purchase, no PMI, 5% down investor loans, 100% cash out refies and many more!

Downtown San Diego Real Estate Statistics

2005-11-21T14:53:00.000-08:00

October 2005
Condominiums & Townhomes 92101

New September Listings: 173
Average List Price: $731,539
Median List Price: $606,990
Total Sold: 67
Average Sales Price: $975,470
Median Sales Price: $670,000
Sold Price/ List Price%: 96.85%
Average Market Time: 85 Days

Downtown San Diego Real Estate Statistics

2005-11-21T14:50:00.000-08:00

October 2005
Single Family Homes 92101

New September Listings: 5
Average List Price: $1,201,600
Median List Price: $1,579,000
Total Sold: 0
Average Sales Price: $ N/A
Median Sales Price: $ N/A
Sold Price/ List Price%: 0.00%
Average Market Time: 65 Days

Election

2005-11-09T18:23:00.000-08:00

Now that election is over, we have a mayor and a couple of counilmen...er councilpeople, it is time to reflect on the race. Both Donna Frye and Jerry Sanders deserve applause for their conduct during their respective campaigns. Now, it might just be that I knew where I stood early on and didn't pay as much attention as I might in any other election, but it sure seemed like these two former candidates were on their best behavior and presented themselves as a couple of respectable adults. There hasn't been too much of that at city hall lately. Now, they may have taken a couple of light shots at eachother during the debates, but it was kept rather clean and on point. Their conduct was quite refreshing in contrast to the national political backdrop. So kudos, Donna and Jerry.

Jerry Sanders

2005-11-09T17:57:00.000-08:00

Jerry Sanders took yesterday's election fairly easily over Donna Frye with a 54% to 46% victory. The 55 year old Sanders is energized and ready to step into his new role as mayor of San Diego. At a news conference this morning Sanders outlined his first 90 days course of action. The mayor-elect let San Diegans know that they can "demand accountable government", as it is something one should expect from their mayor, especially when it will be a welcome back party to the strong mayor form of government.
Sanders, who has an excellent track record as police commissioner, chief executive of the local chapter of the United Way and as the board chairman of the local Red Cross,has a lot of work ahead him- starting with the pension deficit has been growing since before Murphy got to office and is estimated at $1.4 billion. Good luck, Jerry.

Union Tribune election coverage

Chargers

2005-11-09T16:36:00.000-08:00

The Chargers finally get a rest this week as the first half of the season comes to a close. The outlook gets a little better for the Bolts, as a treacherous run in the schedule is behind them. The do have some tough games coming up, including Denver at home, Washington, Indianapolis and Kansas City on the road- but they will at the minimum have time to heal. The offense has been fun to watch- especially LT, and the secondary has been stepping up as of late- with increased pass pressure from the new guys, they will continue look even better. Should be an exciting couple months of football for San Diego. I can't say that I ever remember a time when there was a consistently good team for more than a season. My guess is that they lose one more gamein the regular season- and it won't be to the Colts.

While I'm on sports...Lebron James is a destructive force.

San Diego Chargers

Downtown Condominium Market

2005-11-07T15:05:00.000-08:00

This could be the best time to buy condominiums downtown. With interest rates still low, and plenty of properties on the market to choose from, much of the edge in the market is shifting back to the buyer's side.
The fate of the San Diego housing market is still to be determined, but with the aforementioned factors, and the fact that the city is still in a housing crunch, one would tend believe that any losses in value that may occur will likely be very short-lived. Listings are remaining on the market longer, forcing more motivated sellers to be flexible with prices.
With still many more units to be added to the downtown skyline, buyers will have to choose between the new and the established. As builders try to compete with re-sale seller price flexibility, builders sales teams have become increasingly eager to offer incentives to help buyers make the purchase, many offering closing cost credits with financial insitutions they have partnered with.
All lenders, however, may be able to provide buyer credits for closing costs assuming the buyer qualifies and the property appraises. In general, you can expect much more flexibility in terms when purchasing a re-sale property.
All things added up, this could be a fruitfull buying season for those have held off thus far. So as we head in to the the holiday season, we may think of adding a new home to our gift list.

Search Downtown San Diego Real Estate

New Downtown San Diego Housing Projects

Stock the Bar

2005-10-27T13:48:00.000-07:00

If you have recently purchased a new home, or are considering it, you might want to take this into consideration berfore throwing out the welcome mat for the house warming party.
The "Stock the Bar Party" is gaining popularity as an alternative to it's predecessor, "The House Warming Party". Instead of inviting friends and family over who will invariably bring nickel and dime tchotchke's that will disrupt your newly harmonized decor, have your closest friends and family over on the condition that they bring their closest friends- be it Jim, Jack or Jose.
Having your closest 10 to 50 friends over (depending on how much you drink and the amount of storage in your bar) is a great way to acomplish a task, save some money, have a good time and keep your feng shui in order all at the same time.

Search for homes

Real Estate Statistics

2005-10-26T11:09:00.000-07:00

Downtown San Diego Real Estate Statistics
September 2005
Condominiums, Townhomes, Lofts 92101

New September Listings: 207
Average List Price: $753,827
Median List Price: $679,999
Total Sold: 63
Average Sales Price: $784,518
Median Sales Price: $665,000
Sold Price/ List Price%: 97.16%
Average Market Time: 70

Downtown Real Estate

Real Estate Statistics

2005-10-26T11:05:00.000-07:00

Downtown San Diego Real Estate Statistics
September 2005
Single Family Homes 92101

New September Listings: 2
Average List Price: $1,012,500
Median List Price: $625,000
Total Sold: 1
Average Sales Price: $1,350,000
Median Sales Price: $1,350,000
Sold Price/ List Price%: 97.19%
Average Market Time: 44 Days

Downtown Real Estate

Fall Back Festival

2005-10-24T17:56:00.000-07:00

Downtown's Fall Back Festival will be held Sunday, October 30th between 11am and 4pm. The main gate will be located at Island Avenue and 5th Avenue. Kids can enjoy free carriage rides, cannon shoot-off, dancing, puppet shows, live music, historical booths, contests, free activities and more. Tickets are $5, children 2 and under are free. For more information, call 619.233.5008.

About Fall Back Festival

About Downtown

Monster Bash

2005-10-24T17:39:00.000-07:00

Downtown's Halloween block party will be held Saturday, October 29th, 6pm to midnight. Tickets are $15 in advance or $20 the day of at the main gate located on 7th and Market. DJs and bands will play on the 3 stages and libations are available at the nearly 2 dozen bars located in party perimeter.

About Monster Bash

About Downtown San Diego

Salon Tonic

2005-10-20T17:01:00.000-07:00

In the heart of Little Italy is a hip hair salon that caters to the surge of new urbanites residing in and around the Downtown area. A modern yet relaxed setting inspires patrons to express themselves with a classic cut or progressive work of art.
The stylists are fun, friendly and skilled. Enjoy sipping on a glass of wine, cold beer or warm cup of coffee, made your way.
Salon Tonic is located at 1534 India Street. You can make a reservation with your favorite stylist by calling 619.234.9432. For the record, Jeovanna is a crowd-pleaser.

For Little Italy

For Salon Tonic

Redevelopment plans from CCDC

2005-10-17T10:53:00.000-07:00

The Center City Development Corporation (CCDC) continues to with the grand vision for downtown San Diego. A plan that began in its embryotic stages in the late 1990's is getting closer to coming to fruition. The plan is for a grand esplanade along Harbor Drive that would be 1.2 miles in length and a quarter mile in width. Stretching along the waterfront, the vision plan includes trails for walking and jogging or relaxing in the grass. Southbound North Harbor Drive would have one lane eliminated to make room for the project.
Also included is a revitalization plan for the Broadway pier with new retail businesses and the addition of over 1,700 trees.

Downtown neighborhoods

Little Italy

2005-10-13T16:10:00.000-07:00

Little Italy has led the charge for downtown redevelopment. A stroll through Little Italy should include a walk to the gorgeous San Diego harbor, eating at one of the quaint sidewalk cafes, treating man's best friend to a freshly baked treat at the dog bakery and experiencing the nightlife at one of Little Italy's hip new bars and lounges. With the new specialty stores, galleries and dining, it has been a true Italian renaissance for this San Diegan village.

Little Italy at a glance

Living Downtown

2005-10-13T09:07:00.000-07:00

East Village is becoming the place to live Downtown. A short walk to Petco Park, home of the 2005 Western Division Champion Padres, the Gaslamp Quarter, shopping and dining, this downtown burrough seems to have it all. With the rapid development, East Village has a myriad of residential opportunities.

Info for East Village

lifestyle

2005-10-12T13:57:00.000-07:00

Downtown San Diego has undergone a spectacular revitalization. Not too long ago, this section of America's finest city didn't have much to offer. Today, the downtown lifestyle is one to envy.

A day in Downtown San Diego