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Downtown San Diego Highrise Analysis
September 1st, 2010 Categories: San Diego Sales Statistics
What is the best condo building in downtown San Diego? Where can you get the best deal? Which building holds its value the most? Well this post might not answer these questions, but it will shed some light on what’s going on downtown. I’ve collected data on what I consider to be the major(higher end) highrises downtown and outlined my findings below. I did not look at Bayside or Sapphire Tower, only because most of the sales are not listed on the MLS and they’re typically not listed in the tax records. Also, The Metropolitan is not listed, but only because there have been no sales there in the last two years.
Down Goes Vantage Pointe
September 1st, 2010 Categories: Real Estate News
Oh Vantage Pointe…what were you ever thinking…
Yesterday, Vantage Pointe announced that it “halted sales on the 679–unit condo project and is returning deposits to dozens of buyers who had been waiting to close escrow.” The San Diego Union Tribune also noted that this was the second time in the last year that Vantage Pointe has had to give deposits back – Vantage Pointe previously had refunded deposits to about 300 buyers due to new lending guidelines that required a higher pre-sale percentage. It’s hard to say that I’m shocked of the news, rather I’m shocked it took this long.
Real Estate Today…More or Less
August 26th, 2010 Categories: Buying
A while back, one of my clients sent me this video. I would have posted it sooner, but I was too busy harassing would-be clients. Unfortunately, this is more accurate than satirical. Enjoy…
Q2 2010 Grande Condo Sales
August 23rd, 2010 Categories: San Diego Sales Statistics
Is the downtown San Diego real estate market doing better? Who knows…this questions depends on who you ask, which variables you consider and a lot of other stuff that really doesn’t provide a simple, or even an accurate answer. But…lets look at some statistics…
M2i Condos/Lofts – East Village San Diego
August 19th, 2010 Categories: Buying
M2i is one of my favorite condo buildings in downtown San Diego. Built by CityMark Development, back in 2005, M2i consists of 230 condos in two separate, but connected buildings. This seven story condo building has entrances at 527 10th Ave and 1050 Island Ave, both in downtown San Diego’s East Village district.
Moving on…to Windermere
August 19th, 2010 Categories: Denny Oh
I started real estate in the summer of 2004, not knowing anything I was doing. I signed up with Prudential in Carmel Valley because I’d heard they had a great mentor program. A year later, I joined a top team and moved downtown. Fast
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.
Denny Oh
(858) 243-2092 denny@sandiegoh.com DRE#01420194
