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It’s the Perfect Time to SELL
February 3rd, 2012 Categories: San Diego Sales Statistics
If you’re thinking about selling your downtown San Diego condo, now is the time to do it. If you think you want/need to sell it within the next year or two, I’d be willing to be that there’s no better time than now. It’s debatable whether or not prices will continue to fall, but I think it’s pretty safe to say that prices won’t be going up anytime soon. It’s also safe to say that interest rates are lower than they have been in a long, long, long time. For a buyer, this is pretty much the perfect storm – low prices, low interest rates and low(relatively speaking) demand.
Sell Now!
January 30th, 2012 Categories: San Diego Sales Statistics
I’ve been talking about this for a while, but I still need your help. Right now, there are only 202 condos for sale in all of downtown San Diego. 202! 61 homes have gone into escrow this month and my guess is that most will sell for close to the asking price. There is nothing out there to buy, but there are a ton of well qualified buyers. If you’ve been thinking about selling, please call me today. I’ll tell you what I think you can get and who knows…you might be surprised. Call me…
Denny Oh 858-243-2092 [email protected]
San Diego Pinnacle Condo Sales – 2011
January 24th, 2012 Categories: San Diego Sales Statistics
Last year, there were approximately 944 condos sales in downtown San Diego(this includes developer sales that were not on the MLS), with a total sales volume of almost $402,000,000! $402 Million in condos sales. An average of 78 sales each month, or 2.6 sales a day. Looking only at the Pinnacle Museum Tower condos, there were 12 sales in 2011, totaling in $10,999,250( about 2.7% of all downtown San Diego sales volume).
San Diego’s Most Expensive Real Estate
December 27th, 2011 Categories: Downtown San Diego Penthouses, San Diego Sales Statistics
As I sit in my office, recovering from Christmas with the family, I begin to wonder how the high end real estate market is doing in San Diego. Each part of San Diego has its own “high end” market, but today, I chose to only search for homes that sold for $5M or more. To my somewhat surprise, I learned that 27 $5M-plus homes/estates/mansions had sold so far this year.
Only 227 Condos for Sale
December 13th, 2011 Categories: San Diego Sales Statistics
As of today, Dec. 13th, 2011, there are only 227 active listings in the 92101 zip code. This is the least amount of active listings I’ve ever seen downtown. If you’re looking to sell, I’d suggest you do it now and take advantage of this lack of inventory. I literally just got of the phone with two agents asking me if I had any pocket listings, or knew of anything that might be falling out of escrow.
With approximately 80 sales a month, downtown San Diego is an active market. If you’re waiting to list your home after the holidays, I’m pretty sure there are dozens of other people who are waiting to do the same. If you want to get top dollar, list your home immediately. Why wait until everyone else gets in the race? Call me today to set up a free consultation.
Denny Oh 858-243-2092 [email protected]
Downtown San Diego Condo Sales at a Glance
November 30th, 2011 Categories: San Diego Sales Statistics
YTD, downtown San Diego has had 862 condo sales(more if you count all the sales that were not on the MLS). At about 78 condo sales a month, that’s slightly better than last year’s numbers. In 2010, during the same time frame(1/1-11/30), there were 835 sales in downtown San Diego(but I’m sure there were more developer sales than this year). 2011 has seen a slight increase in average sales price as well, by almost 6%, at $426,210.
Park Place Condos – What’s Selling?
November 9th, 2011 Categories: BOSA Development, San Diego Sales Statistics
If you’re familiar with downtown San Diego real estate, you probably know that there’s seldom much for sale in the Park Place condo highrise. Currently, there are only six active listings at Park Place, with an average asking price of about $825K and an average price per square foot of about $549/sq.ft. There’s one more contingent (a short sale listing that has an offer accepted by the seller, but is contingent upon the lien holders’ approval) listing and four others that are in escrow.
Bayside and Sapphire Tower Condo Sales
November 7th, 2011 Categories: BOSA Development, San Diego Sales Statistics
How is the real estate market? That’s a question I hear all the time, but don’t quite always know how to answer. It just depends. For some, it’s a great market because rates and prices are so low. However, for those same exact buyers, it’s a bad market because there’s nothing to buy and all the good homes seem to get multiple offers and sell too quickly and for too much. On the selling side, the same factors apply: low mortgage rates and low inventory help increase demand pricing. Low prices on the other hand, clearly are not a sellers best friend.
Downtown San Diego Condo Absorption Rate
July 13th, 2011 Categories: San Diego Sales Statistics
Downtown San Diego:
As of July 13th, 2011, there are a total of 32 active listings priced below $200K. Of those, 10 are at the Hard Rock Hotel and you can’t live in them. The average list price is $178,172 and the average size is 575sqft.
Currently, there are 22 downtown San Diego condos in escrow(with a list price of $200K or less). And over the last 6 months, there have been 66 sales where the list price was below $200K. So at an average of 11 sales per month, there’s a 3 month supply of condos for $200K or less.
The Grande Condos – Q1 2011
April 12th, 2011 Categories: San Diego Sales Statistics, The Grande
With the first quarter of 2011 already gone, it’s time to do some market analysis. People constantly ask me how the market is doing, where are pricing going and if they should buy or not. My crystal ball doesn’t work any better than theirs, but I’ve learned the people like to be told what to think. Too bad I have a conscience and don’t say whatever, just to make some money.
