Parkloft – sold and sold

Posted on October 26, 2011 | by Denny Oh

A while back I wrote about two units that I thought were great deals at the downtown San Diego Parkloft condo building.  The first was Parkloft #1003, which was an REO.  This 2,290 sqft loft sold in just 14 days, for 10% more than the asking price.  At $770K, only $336/sqft, I think that was an incredible deal(I had guessed it’d sell for $765K….whoops).

The second deal I recently talked about was Parkloft #408. This condo was also bank owned and came off the market in only 6 days.  This 1631 sqft loft was listed at $434,900 and sold for $440K.  At $270/sqft, this was even less expensive than the first deal, but arguably less impressive and less unique than #1003.

Both of these units sold incredibly fast – in 6 and 14 days.  The average market time for downtown condos that went pending between 9/1/11 and today, was 105 days! To learn about downtown San Diego condo deals as soon as possible, contact me today.  Often times, I do not blog about deals because I already have an interested buyer and want to offer them the deal before I advertise it.  If you’re looking for something and don’t have an agent, please call me.  You can also subscribe to my blog by clicking here.

Denny Oh 858-243-2092.

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