With only 234 condos for sale in all of downtown (only including what’s Active on the MLS), inventory continues to remain low even though we’ve seen a 2.1% increase in new listings – some of which is from Pacific Gate. So far, there have been 14.8% fewer sales in 92101 year-over-year, even though market time has decreased by nearly 19%. August has started off slowly and the general consensus amongst realtors, is that listings are not getting a lot of showings. I don’t know if that’s due to the heat, politics, or people wanting to keep their money in the stock market. Either way, downtown has seen a 5.4% increase in the median home price YTD. At $525,00 (YTD), downtown is slightly below the county median price of $595,000, which is up 8.2% YTD.
I recently listed The Mark #906. This is a south facing 1br/1ba condo on the 9th floor. The property has wood floors in the kitchen and living room and brand new carpet in the bedroom. You have floor-to-ceiling windows that over look the city, pool and courtyard and you get plenty of sunlight. The Mark is a high-end luxury highrise with concierge service, a gym, salt water pool and spa, multiple BBQ areas, a grass lawn and conference room. Please contact me for a private showing.
Denny Oh 858-243-2092 [email protected]
It’s been a few weeks now since Savina and Bosa began their VIP/Private sales for downtown San Diego’s newest condo high-rise. I was there with my own clients to witness the the first few days of condo sales and I have to say, it was pretty exciting. With about 60 condos sold during the private sales, I think Savina is positioned to sell out prior to being completed in early 2019 (certificate of occupancy is excepted for March of 2019). Sales open up to the public later this week on June 24th.
I think part of it’s success is that Savina is not Pacific Gate. I don’t mean this in a negative way, but Pacific Gate is being described as “iconic architecture, exquisite interiors and levels of service and amenities only seen in the most luxurious international hotels.” This is not something downtown San Diego is used to. As a result, I think there are fewer buyers for this type of product. Savina on the other hand, is more typical of what San Diego has seen (in fact, Savina was designed by the same architect that designed Bayside).
Here are a few reasons why I think Savina will sell out faster than Pacific Gate…
Welcome to Downtown Living! Trellis is located in the historic Gaslamp District near Petco Park, the bay, shopping and tons of restaurants. This 2br/2ba condo has been upgraded with wood floors, custom paint and a brick accent wall. The two bedrooms do not share a wall and both have attached bathrooms. Trellis features a rooftop patio area with BBQ, a fitness center, secured underground parking and CC tv. This property is available immediately.
The condo comes with 1 parking space, 1 storage room and no pets are allowed. The owners want a 1 year lease or longer.
Check outlay newest listing, The Mark condo #305. This is a large 1BR/1BA condo on the NW corner of The Mark. Contact me for more info: Denny Oh 858-243-2092 [email protected]
If you’re thinking about buying at Savina, you need to read this. I’m going to attempt to summarize the main point you need to know about buying at condo at Savina, by Bosa. Please note that things may change and Bosa Development is ultimately in charge of the show. Please contact me at 858-242-2092 or [email protected] for the latest information (I’m not able to update my blog as much as I’d like to).
If you’re in San Diego this weekend, please keep in mind that the San Diego Rock’n’Roll Marathon is going on and many of the roads/freeways will be closed. The 5K is on Saturday and is mostly thought North Park, Hillcrest and Normal Heights. Sunday is the big day and the race will extend from Mission Bay to Normal Heights and down to Downtown. Click here to see the race routes and road closures. Good luck to everyone participating this weekend!
With so much proposed development in Little Italy and the Columbia Districts, it’s no surprise that the new Savina high-rise is getting a lot of attention. After all, it’s the newest building in Downtown San Diego, it’s affordable and it’s in a great location (corner or Kettner Blvd and Ash St). As a downtown real estate expert, I’m always talking to people about how the market is doing, what’s being built, where’s the market going and everything else you can think of. In short, I think Downtown San Diego is the best place you can invest in San Diego and Savina is one of the best options. I understand that many of you may not know me and this may sound very “salesy,” but I can promise you that I would never push anyone into a sale that I thought was wrong.
Check out my video of Harbor Club 3401! This stunning unit is pending, but make sure to check out my other video of Harbor Club 3205 which is for sale.
HARBOR CLUB 3401
2BR | 2BA 1,572 SQFT
Harbor Club 3401 has panoramic views of skyline, Coronado bridge and the bay. Both bedrooms are spacious with views. Enjoy new quality bamboo floors, new carpet, an updated kitchen & bathrooms, and more.
Check out my new video of Harbor Club 3205, for sale now.
2 Bed / 2 Bath 1,474 SqFT
Beautifully remodeled with hardwood floors, mahogany and granite kitchen, electric blinds, a den with built-in desk and a clever hidden Murphey Bed. Furnishings are included. Turn key! Two parking spaces, side by side included.