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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.
The Grande Condos vs 92101 in 2010
March 23rd, 2011 Categories: San Diego Sales Statistics
In 2010, there were 904 sales in downtown San Diego(this is only based on MLS activity…there more that sold off the MLS, but I don’t have that number). The average list price for all these condos was $423,425. The average sales price for 2010 was $404,385…97% of the asking price.
Downtown San Diego Highrise Statistics
November 16th, 2010 Categories: San Diego Sales Statistics
I’m not going to try and convince you to buy a home. Clearly, if today’s low interest rates, lack of demand(relatively speaking) and huge price decreases aren’t enough reason for you to buy, then I have nothing more to say. However, here are some downtown San Diego condo highrise statistics that I collected a week or so ago. I chose to only look at the “main” highrises downtown – sorry if your building isn’t in here. Also, The Metropolitan is not listed because there have been no sales there in the last few years. Enjoy.
92101 Real Estate – 2009 vs 2010 YTD
November 1st, 2010 Categories: San Diego Sales Statistics
In the recent past, buyers were not buying real estate because they were waiting for prices to drop(further than they already had). Today, it seems as though buyers are not buying because they don’t need to. Interest rates are low and there’s no sign of them going up anytime soon. The same goes for home prices and demand. There’s no more government tax incentive and buyer’s are still hoping/thinking that prices will continue to drop. I get that and for the most part, I agree with them.
Downtown San Diego Highrise Analysis
September 1st, 2010 Categories: San Diego Sales Statistics
What is the best condo building in downtown San Diego? Where can you get the best deal? Which building holds its value the most? Well this post might not answer these questions, but it will shed some light on what’s going on downtown. I’ve collected data on what I consider to be the major(higher end) highrises downtown and outlined my findings below. I did not look at Bayside or Sapphire Tower, only because most of the sales are not listed on the MLS and they’re typically not listed in the tax records. Also, The Metropolitan is not listed, but only because there have been no sales there in the last two years.
Q2 2010 Grande Condo Sales
August 23rd, 2010 Categories: San Diego Sales Statistics
Is the downtown San Diego real estate market doing better? Who knows…this questions depends on who you ask, which variables you consider and a lot of other stuff that really doesn’t provide a simple, or even an accurate answer. But…lets look at some statistics…
Q1 2010 Grande Condo Sales
June 22nd, 2010 Categories: San Diego Sales Statistics
In the first quarter at The Grande condos here in downtown San Diego, there have been eight sales. The sales ranged from a unique 1,055 sqft one bedroom on the third floor, to a 1,944 sqft E plan on the 10th floor. The prices ranged from $390K to $940Kwith an average sales price of $686,875. The three REOs and one short sale definitely had a lot to do with this(and Im sure some owners just wanted out so they could take advantage and buy in a down market), but there just werent very many high end sales.
2009 San Diego Home Prices
March 4th, 2010 Categories: San Diego Sales Statistics
2009 was an interesting year, especially in real estate. In San Diego, like most places, home prices were down typically 20“50% lower than they were a few years before. In the downtown San Diego real estate market, we more or less, saw what we expected it to do…condo prices continued to fall as more short sales and REOs hit the market and the market continued to be a hot topic of conversation.
