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July, 2008
Electra Condo Deal Update
July 28th, 2008 categories: Deals
A while back I wrote about condo number 2503 at Bosa’s newest building, Electra. This deal has just gotten better, as the price has been reduced to $800,000-875,000. The same exact condo on the 16th floor is slightly lower in price, but the 15th and 26th floor model matches are way above in price.
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Home Foreclosures can Kill
July 25th, 2008 categories: Real Estate News
Literally. According to the Atlanta Journal-Constitution(AJC), a 53 year old woman recently committed suicide to save her home from foreclosure. The Taunton, Massachusetts woman and her family were under financial strain and could no longer afford their mortgage. The woman, Carlene Balderrama, apparently committed suicide so her husband and son could use her insurance policy to pay for the home.
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How Do Realtors Get Paid?
July 23rd, 2008 categories: Miscellaneous, Prudential California Realty
Like most people, before I got into real estate, I had no clue how Realtors made a living. Sure, they sell homes, but how do they actually make money? The answer to that, these days especially, is that we work hard.
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Grande South 2805 Deal Update
July 16th, 2008 categories: Deals, The Grande
Back in February, I mentioned a deal in the Grande South tower, on the 28th floor. This unit is a 2 bedroom plus den condo, that has 2 full baths and 1,625 square feet of space. This is a short sale and to make a long story short, I think the bank is finally getting close to approving a sales price.
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One of a Kind Developer’s Loft
July 13th, 2008 categories: Deals
Like all of my deals, this deal is a great buy. Located in the Marina District of Downtown San Diego, this property is very unique. This loft is not in a highrise. It’s not a town home. It’s not in a midrise. 541 2nd Ave#2 is a developer’s delight. With over 2,500 square feet on the first floor and another 1,000 or so on the second floor areas, this loft has incredible potential. Listed at $849,000, you’re only paying $340 per square foot, or about $243 per square foot if you build out the
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2008 Second Quarter Sales - Park Place
July 3rd, 2008 categories: Sales Statistics
Compared to the first quarter of 2008, Q2 at Park Place has been incredible. The second quarter sales consisted of five sales and a median sales price of $1,100,000. That’s a 42% increase over the first quarter, which also sold 5 condos. In addition to this, the second quarter was 35% higher in price, versus all of 2007 sales at Park Place.
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2008 Second Quarter Sales Statistics - The Grande San Diego
July 3rd, 2008 categories: Sales Statistics, The Grande
So what’s sold? Well at The Grande, apparently not much. Q2 of 2008 only produced 4 sales between the two Grande towers. With only 33 active listings, the inventory is down, but it seems like people are still waiting to see what’s going to be built around the buildings.
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Denny Oh
(858) 243-2092
