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No Place Like Home…
July 28th, 2010 Categories: Denny Oh
Well, after three very long, but fun-filled weeks, I’m finally back home and of course, back to work. For those who are curious, I travelled through Prague, Munich, Berlin, Frankfurt, Paris, Amsterdam and London. I’d have to say Paris was my favorite(by far), but every place I visited was great and I’d love to go back.
With that said, I’m very happy to be back in San Diego and back to work. As much as I appreciated seeing all these great places, I still love the fact that San Diego is my home! I apologize to all of you who I wasn’t able to respond to as quickly as I normally would, but am ready to go now. Please let me know if you need anything. I look forward to hearing from you soon.
Out of Office…
July 5th, 2010 Categories: Buying
Well, it’s taken me 30 years, but I’m finally going to Europe. I will be wandering through Prague, Munich, Paris, Berlin, Amsterdam and London for the next three weeks(back on the 27th)! I will have email access, but if you need anything urgently, or would like to see condos, submit offers, sell your house, etc., please contact Chi Luong (619-991-9940 chiluong@prusd.com) and she’ll be able to help you with anything and everything. I’ve never been away away from work for more than a few days, so wish me luck! Thanks and I look forward to seeing you all when I get back.
San Diego Quiet Zone Gets Approved
June 24th, 2010 Categories: Downtown
On Tuesday June 22nd 2010, the San Diego City Council finally approved the $20.9 million Quiet Zone Act. This plan will create the country’s largest “quiet zone,” affecting 13 rail crossing by adding safety features such as “gates blocking traffic, medians and other measures to protect drivers and passengers.“ The plan was approved by a 6-2 vote and the only opposition came from Council members that wanted to find alternative ways to fund the estimated $60K in annual maintenance and inspection costs.
The Quiet Zone Act stretches from Laurel Street, all the way to Park Boulevard and will reduce the places that the trains have to blow there horns, which can reach up to 120 decibels (a gun shot registers at 140 db). The construction will begin this August and is supposed to be completed by November of 2011.
Q1 2010 Grande Condo Sales
June 22nd, 2010 Categories: San Diego Sales Statistics
In the first quarter at The Grande condos here in downtown San Diego, there have been eight sales. The sales ranged from a unique 1,055 sqft one bedroom on the third floor, to a 1,944 sqft E plan on the 10th floor. The prices ranged from $390K to $940K…with an average sales price of $686,875. The three REOs and one short sale definitely had a lot to do with this(and I’m sure some owners just wanted out so they could take advantage and buy in a down market), but there just weren’t very many “high end” sales.
Urgent Quiet Zone Meeting Today
June 22nd, 2010 Categories: Events
Sorry for the late notice…but if you can and want to, there’s a Quiet Zone meeting today, June 22, 2010 at 2pm. The info below is from David Priver of CCDC.
Three More Months – HR 4213
June 17th, 2010 Categories: Real Estate Finance, Real Estate News
Senate just passed a bill that extends the First Time Home Buyer, Federal Tax Credit. Previously, home buyers who qualified could get an $8000 tax credit if they were in escrow by April 30th of 2010 and closed by June 30th of 2010. Thanks to amendment HR 4213, the American Jobs and Closing Tax Loopholes Act of 2010, now you can close escrow as late as September 30th of this year and still qualify for the credit – but you still would have had to have been under contract by April 30th. This is NOT for the $10K California home buyer tax credit. Good luck!
Rent vs. Buy…
June 15th, 2010 Categories: San Diego Real Estate Deals
Trulia just published an article that lists the top 10 cities in America to buy, versus rent and vice versa. Topping the chart of US cities to buy vs. rent was Minneapolis, Minnesota. The analysis “calculated the price-to-rent ratio using the average list price compared with average rent on 2 bedroom apartments, condos and townhomes listed on Trulia.com.” New York was listed as the top city to rent vs. buy…no surprise there I guess.
Town Homes…Good or Bad?
June 9th, 2010 Categories: Buying
When I think of downtown San Diego condos, I think of high rises and lofts…not so much about the townhouses. However, the town homes in downtown San Diego are a great alternative to true high rise living. Often times, developers will build a high rise with town homes surrounding it – just think of any Bosa building, The Mark, or the Renaissance condos.
California First Time/New Home Buyer Tax Credit…Beware
June 7th, 2010 Categories: Real Estate Finance
If you’re in the market to buy your first home, or if you qualify as a “first time home buyer,” or if you’re buying a “new” home…READ THIS! If you’re doing one of the above, chances are you’re well aware of the $10,000 California State tax credit – the one that gives you $10K over three years. However, what you may not know, is that there’s some fine print – you must FILE FOR THE CREDIT IN 14 DAYS upon closing escrow.
The Grande Condo Sales
May 20th, 2010 Categories: Buying
In the last 12 months, downtown San Diego had 27 sales at The Grande condos. Of those 27 sales, the lowest sales price was an incredibly low $310K for a fifth floor 899 sqft 1 bedroom REO. The highest sales price was $1.5 million, which was for a 30th floor E plan, that is a 2br+den, 2 bath, 1,944 condo(which by the way, I just happened to have sold). The average sales price, at The Grande was $722,922.
Denny Oh
(858) 243-2092 denny@sandiegoh.com DRE#01420194
