These ‘05 units have bay views to the west and city views to the south(and a bit to the east).  They get plenty of sunlight and offer great views – which will eventually deteriorate as the lots around it get developed.  Right now, there’s an ‘05 unit on the 7^th floor that’s listed as a short sale at $625K.  The same exact floor plan sold this past October for $655K – which was also a short sale.

Unit 405 in The Grande South(same exact unit but 3 floors lower) also sold in October, but for $675K!  If you’re looking for some square footage and can’t pay a million bucks, this might be the condo for you.  Let me know if you have any questions.  Also, I may have a similar unit coming onto the MLS, but with a better view!

Click here to see more downtown San Diego condo deals.

Click here to search all the condos for sale at The Grande North and South.

This downtown San Diego condo deal is a short sale, but in my opinion, it’s well worth the wait.  This 2 bedroom plus den, 2 bath condo is currently on the market for $1.1M.  This condo had previously been purchased in 2007 for $1,574,000 and in my opinion, it will sell for somewhere in the mid to low $800K range – we’re talking about a 46% price reduction in less than three years! The unit directly above it is very similar and is currently in escrow and has an asking price of $969K.  There are also a few other similar units that are in escrow with list prices of $849,900 and $1,022,000, but both of these units are on the north west corner and have less desirable views(in my opinion). 

If you have the time and patience to wait for the banks to get their act together, you may be able to get a phenomenal deal on this unit.  I’ve been in The Legend a lot lately and have become a big fan of it.  Minus the lack of parking for some units, this building is a development and offers some of the best views in East Village.  Let me know if you’d like to take a look. 

Click here to search all the condos for sale at The Legend

If you’re looking to capitalize on the down market, here you go.  Please let me know if you’re interested, as this will not last long.

Denny Oh 858-243-2092 denny@sandiegoh.com

The Pinnacle has high ceilings, so the 1,290 sqft feels like a lot more.  This condo is listed at $799,500 and is a short sale.  The unit directly above it, sold this past August for $900K.  If you want protected water views and a central location in a premiere condo highrise, this is your chance.  And if you want to be higher up, check out The Grande North #3302!

If you’re looking for something else, give me a call and I’ll do my best to find that deal for you.  Click here to see some other great downtown San Diego condo deals.

The Grande North #3302 is priced at $856,900 and is bank owned(a foreclosure).  To give you an idea of how great a deal this is, the exact same unit/floor plan is available in the same tower/orientation on both the 23^rd and 24^th floors, at a list price of $1,049,000.  So, to go up eight or nine floors, you get a discount of $192,100! The exact same unit, but one floor higher, sold back in July for $1,130,000…$273,100 more!

If you want a great condo in a great building at a great price, here’s your chance.  Don’t wait – this will sell this week.

Denny Oh 858–243–2092 denny@sandiegoh.com

Click here to see all the condos for sale in The Grande towers.

Unit 403 at La Vita is a 3 bedroom, 2 bath condo with 1,328 sqft.  The short sale is approved at $474K.  It has two balconies and two side by side parking spots!  This unit is on the north west corner of La Vita and overlooks the green courtyards and over the neighboring buildings.  This downtown San Diego condo deal is the only active 3 bedroom in downtown San Diego that’s listed below $600,000(not to mention below $500K)!

This is a great deal.

Right now, there are two incredible real estate deals at The Grande North(1205 Pacific Hwy) condos by Bosa.  If you’re not familiar with The Grande condos, you should get to know them.  The two deals I’m talking about today are the B floor plans.  These are the 1325-1336 sqft 2 bedroom, 2 bath condos that have both city and bay views.  These condos face east, west and south(north facing units are also available, but there aren’t any at great prices like these right now).

Deal #1 – Condo 1805 in the Grande North.

This condo priced at $597,500, down from $635,350.  This is a bank owned condo and it sold for $840,000 back in January of 2007!  That’s a 29% decrease in less than 3 years! This REO needs to be sold and I’m sure the bank would love to get it off it’s books by before the end of the year.

Deal #2 - Condo 2105 in the Grande North.

This condo is the same exact floor plan as the one above, but it’s three floors higher.  This condo is listed at $619,900, down from $649,900.  This is “corporate owned” and not an REO according to the listing agent, but the tax records indicate that it is indeed “bank owned.”  Regardless, this condo was purchased for $980,000 back in January of 2008…a 37% discount in less than 2 years! This condo was previously listed as a short sale for $969K and went all the way down to $699K in May of 2009 before it came it came off the market.

Both of these condos are great deals.  The most recent sales suggest that these should be priced around $700K, based on a 31st floor sale at $759K and a similar 12 floor sale for $669K.  Of the 13 active B floor plans in the two Grande towers, unit 1805 is the lowest priced condo out there.  This includes third and seventh floor units that are both priced at $599K.  Unit 2105 is a close fourth, with the next lowest priced B plan coming in at $620K for an 11th floor unit.

FYI – unit 2402 in the Grande South is in contingent status(meaning it’s a short sale and they’re trying to get bank approval), but has a list price of $749K.  Condo #2805 in the Grande North is listed as pending and has a list price of $629,900, also an REO.  And #2005 in the Grande North is listed at $729K.  All of these units have similar floor plans and only vary in orientation, floor level and are either 1325, or 1336 sqft.

The Grande is a great developement and has 37 active listings between the two towers(442 units total).  There are two contingent listings and three pending.  There have been 19 sales in the two Grande towers over the last 12 months.

The market is picking up and I bet these condos do not last long.  Yes, I do think prices at the higher end will still come down, but not so much in this range.  The entry level has already hit bottom(in my opinion) and the mid-range stuff is close.  If you’re looking for a deal, here you go.

And remember, you can still make it out here for the holidays and say good bye to those hotels.

Contact Denny Oh at 858-243-2092 or denny@sandiegoh.com for more info.