Live at ICON, One of the Most Popular Buildings in East Village

LISTED AND LEASED BY WESLEY GUEST Live at ICON, one of the most popular buildings in East Village in Downtown San Diego. Located just steps away from Petco Park, ICON has the best Downtown San Diego rooftop deck in the area, 24 hour security, and full access to one of the best building gyms in the area. Includes your own parking space as well as your own laundry and two closets in master bedroom. Don’t miss out, this will rent fast!

A Walk Through Petco Park in Downtown San Diego

Pictures do tell a thousand words. I spent yesterday afternoon at one of Downtown San Diego’s most popular attractions and home to the San Diego Padres, Petco Park. The Padres were playing away so it was an especially good opportunity to take a few superb pictures to share with everyone. As residents of East Village and Downtown San Diego, we are so lucky to have a Major League Baseball team in town to cheer on and enjoy the baseball season. Padre games are a huge bonus for Downtown residents and visitors. I highly recommend checking out a game. For seat recommendations or which days to go, contact me. I know the ball park and season inside and out.

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Enjoy the images

Petco-Park-Ballast-Point-May-2015 Petco-Park-Ballast-Point-May-2015 Petco-Park-Bar-Basic-May-2015 Petco-Park-Bar-Basic-May-2015 Petco-Park-Center-Field-and-Western-Sheet-Metal-Building-May-2015 Petco-Park-Center-Field-and-Western-Sheet-Metal-Building-May-2015 Petco-Park-Childrens-Playpark-Close-Up-May-2015 Petco-Park-Childrens-Playpark-Close-Up-May-2015 Petco-Park-Childrens-Playpark-May-2015 Petco-Park-Childrens-Playpark-May-2015 Petco-Park-Close-Up-Home-Plate-May-2015 Petco-Park-Close-Up-Home-Plate-May-2015 Petco-Park-Derek-Norris-Banner-Gaslamp-May-2015 Petco-Park-Derek-Norris-Banner-Gaslamp-May-2015 Petco-Park-East-Side-Close-Up-Stadium-May-2015 Petco-Park-East-Side-Close-Up-Stadium-May-2015 Petco-Park-East-Side-Entrance-Stadium-May-2015 Petco-Park-East-Side-Entrance-Stadium-May-2015 Petco-Park-East-Side-Stadium-May-2015 Petco-Park-East-Side-Stadium-May-2015 Petco-Park-Full-Stadium-and-Tony-Gwynn-May-2015 Petco-Park-Full-Stadium-and-Tony-Gwynn-May-2015 Petco-Park-Full-Stadium-View-May-2015-Opt Petco-Park-Full-Stadium-View-May-2015-Opt Petco-Park-Jerry-Coleman-May-2015 Petco-Park-Jerry-Coleman-May-2015 Petco-Park-Jerry-Hodads-May-2015 Petco-Park-Jerry-Hodads-May-2015 Petco-Park-Kiddie-Ball-Park-May-2015 Petco-Park-Kiddie-Ball-Park-May-2015 Petco-Park-Looking-Out-to-Fox-and-Tony-Gwynn-May-2015 Petco-Park-Looking-Out-to-Fox-and-Tony-Gwynn-May-2015 Petco-Park-Main-Billboard-Padres-Players-May-2015 Petco-Park-Main-Billboard-Padres-Players-May-2015 Petco-Park-Main-Billboard-with-Padres-Players-Western-Sheet-Metal-Co-May-2015 Petco-Park-Main-Billboard-with-Padres-Players-Western-Sheet-Metal-Co-May-2015 Petco-Park-Mighty-1090-and-Ballast-Point-May-2015 Petco-Park-Mighty-1090-and-Ballast-Point-May-2015 Petco-Park-Mighty-1090-May-2015 Petco-Park-Mighty-1090-May-2015 Petco-Park-Moonshine-Flats-Lunch-Counter-Cats-Eye-Blind-Burro-May-2015 Petco-Park-Moonshine-Flats-Lunch-Counter-Cats-Eye-Blind-Burro-May-2015 Petco-Park-New-Sempra-Energy-Building-May-2015 Petco-Park-New-Sempra-Energy-Building-May-2015 Petco-Park-Omni-Hotel-May-2015 Petco-Park-Omni-Hotel-May-2015 Petco-Park-Outfield-Home-Plate-May-2015 Petco-Park-Outfield-Home-Plate-May-2015 Petco-Park-Park-and-Pet-Area-May-2015 Petco-Park-Park-and-Pet-Area-May-2015 Petco-Park-Playground-to-Legend-May-2015 Petco-Park-Playground-to-Legend-May-2015 Petco-Park-Sand-Box-Seats-Building-May-2015 Petco-Park-Sand-Box-Seats-Building-May-2015 Petco-Park-Showley-Sweet-Factory-and-Bumble-Bee-Seafoods-May-2015 Petco-Park-Showley-Sweet-Factory-and-Bumble-Bee-Seafoods-May-2015 Petco-Park-Showley-Sweet-Factory-May-2015 Petco-Park-Showley-Sweet-Factory-May-2015 Petco-Park-Side-Parking-West-Side-May-2015 Petco-Park-Side-Parking-West-Side-May-2015 Petco-Park-Social-Brew-May-2015 Petco-Park-Social-Brew-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-Entrance-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-Entrance-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-May-2015 Petco-Park-Stone-Brew-and-Rare-Form-May-2015 Petco-Park-Toast-Comun-May-2015 Petco-Park-Toast-Comun-May-2015 Petco-Park-Toyota-Terrace-Hodads-May-2015 Petco-Park-Toyota-Terrace-Hodads-May-2015 Petco-Park-Toyota-Terrace-May-2015-Opt Petco-Park-Toyota-Terrace-May-2015-Opt Petco-Park-View-to-Legend-and-Stadium-May-2015 Petco-Park-View-to-Legend-and-Stadium-May-2015 Petco-Park-View-to-Legend-May-2015 Petco-Park-View-to-Legend-May-2015 Petco-Park-West-Facing-Player-Sign-Shields-May-2015 Petco-Park-West-Facing-Player-Sign-Shields-May-2015 Petco-Park-West-View-May-2015-Opt Petco-Park-West-View-May-2015-Opt Petco-Park-Western-Sheet-Metal-Building-May-2015 Petco-Park-Western-Sheet-Metal-Building-May-2015 Petco-Park-Western-Sheet-Metal-Co-Back-and-Ticket-Windows-May-2015 Petco-Park-Western-Sheet-Metal-Co-Back-and-Ticket-Windows-May-2015 Tilted-Kilt-May-2015 Tilted-Kilt-May-2015 Tony-Gwynn-Mr.-Padre-May-2015-Opt Tony-Gwynn-Mr.-Padre-May-2015-Opt Urbana-Close-Up-May-2015 Urbana-Close-Up-May-2015

M2i in East Village is Approved for FHA Financing in Downtown San Diego

M2i in East Village is Approved for FHA Financing in Downtown San Diego!

If you have been searching for a condo in Downtown San Diego and have been planning to use FHA financing, you probably already know your choices can feel limited.  Well I have some very welcome news to report:  The incredibly popular M2i building in East Village is now fully approved for FHA financing.  This is very good news.  No, this is fantastic news!

side view of M2i on downtown san diego

M2i

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M2i is squeaky clean for financing.  Owner occupancy is well over 51%, there is no HOA construction litigation, and it is just one of the best options available near the ball park.  Amenities include a fitness center, two independent entrances, a top floor community area including barbeque and sink, and security.  The decor of the building is modern with a splash of contemporary.  Very popular with East Village residents.

A little bit about FHA financing:

  • FHA financing can be more forgiving on credit scores than conventional financing.
  • FHA loans require low down payments (3.5% in many cases).
  • FHA loans are assumable by future condo buyers.
  • A attached (condominiums and town homes) real estate must be approved for FHA financing is FHA financing is used.

M2i makes a great complex to live in full time or works just as well as an investment property that cash flows even with financing.  HOA monthly fees are reasonable.  Considering purchasing a condo in Downtown San Diego?  Add M2i to your list of candidates, you will not be disappointed.

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Questions?  Comments?  Send them my way anytime.

 

- Main Marker

 

Foreclosure Opportunity at Alta in Downtown San Diego

Foreclosure Opportunity at Alta in the East Village neighborhood of Downtown San Diego:

A bank owned condo just listed for sale at Alta in East Village.  We don’t see that many foreclosures properties anymore.  What really makes this especially interesting is the fact it is a Fannie Mae Homepath sale.

Fannie Mae Financing is Very Attractive, Features Are:

  • They only require a 3.5% down payment (10% for investment properties),
  • They do not require an appraisal,
  • They do not require a home owner’s association certification.

These unique characteristics eliminate many of the typical financing problems “would be” condo buyers face when purchasing property in the Downtown San Diego Real Estate market such as:

  • Low owner occupancy rates,
  • Delinquent home owners dues,
  • Construction litigation issues,
  • And other items that usually disable regular home loans and financing.

Due diligence is still highly recommended.

Quick Link To Unit #507 at ALTA (Log In is your Email Address)

A little bit about Alta:  Alta is located on the border of East Village and the Gaslamp Quarter.  A very convenient to all including Petco Park, the restaurants and nightlife on fifth avenue, shops, galleries, the convention center, and everything else Downtown San Diego has to offer.  Amenities at Alta include a full size fitness center, pool, spa, security, maintenance, a several large community areas to socialize and relax.

Please visit this link (Log in is your email address) for more information on this particular fifth floor condo for sale at Alta including price, square footage, and pictures.

Quick details:  It is a one bedroom with a balcony, marble counters in the kitchen and bathroom, and wood floors.

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Interested in more information or a viewing?  Contact me anytime at the phone number in the top right hand corner of this page or please send me email.

 

- Main Marker

 

Downtown San Diego Real Estate: Bosa Development Set to Build Condos Again

Downtown San Diego Real Estate:  Bosa Development Set to Build Condos Again.

New Bosa Development Building in Downtown San Diego

Aerial View to the West

Bosa Development is getting set to break ground in the first half of next year on their latest luxury high rise project.  Current plans call for the location to be along the waterfront along Pacific Coast Highway near Electra and Park Place.  Details are still being released but the latest information indicates the building to be 41 stories high, 221 units, and price points starting in the low $700,000’s.  Completion date is set for 2016.  In addition, Bosa is also planning to break ground on yet another new luxury high rise in 2015.

Downtown San Diego Real Estate for Sale

The Downtown San Diego Real Estate market has not seen any new residential construction since 2009.  From 2001 through 2009, builders finished nearly 8,300 units.  Our generations “Great Recession” essentially “hit the skids” hard on condominium construction in the entire Downtown San Diego area.  Most projects were abandoned or converted to rentals. The only construction currently happening is mainly located in East Village and Little Italy(all large scale rental apartments and commercial units).  Oh how a couple years can change Downtown San Diego Real Estate market scene

Along with much of the country, Downtown San Diego real estate has been enjoying a massive recovery on demand and real estate prices.  Since hitting rock bottom 2 years ago, values have sky rocketed.  Long gone are the days of vacant condos and massive selection of foreclosure properties.  Simply put, there is no shortage of condo buyers seeking prime real estate in Downtown San Diego.

Downtown San Diego Real Estate Market Report

New Bosa Building Next to Electra

Incredible Skyline View

Judging by Bosa Development’s previous projects in Downtown San Diego and the projected starting points for price, these two new luxury high rises should be incredible additions to the Downtown San Diego real estate market.

Please check back soon as more details become available.  This will be one of the most luxurious and in demand projects Downtown San Diego has ever seen.

 

 

Questions?  Comments?  Please send my way anytime!

Downtown San Diego Real Estate Market Report for September 2013

The Downtown San Diego Real Estate Market for September 2013 is in! Before I start to write, please see the numbers below. We are still experiencing a strong seller’s market that is slowly starting to change as more inventory continues to comes to market and mortgage interest rates continue to climb. Results Below:

Downtown San Diego Real Estate Market Report for September 2013:

  • 234 Active Listings for Sale as of September 8th, 2013
  • Average Days on Market to Sell: 51 Days (September 2012 was 69 Days)
  • 78 Total Sales for September 2013 (September 2012 had 83 Total Sales)
  • Median Sales Price for September 2013: $450,000 (September 2012 was $385,000) ▲ 15%
  • 3 Month’s Inventory (234 Active Listings / 78 Sales) Seller’s Market
  • Highest sale Pics & Video: The Grande South, 39th floor, 2 Bed for $1,549,000
  • Lowest sale Pics & Video: Element, 8th floor, Loft for $176,700
  • Most Expensive Current Listing, Pics & Video: Harbor Club, $9.975M
  • Least Expensive Current Listing, Pics & Video: The Mills, $189,850

Breakdown by Neighborhood for September 2013:

Summary: Overall, the median real estate price for condos in Downtown San Diego has increased by 15% from September 2012. Sales are still very strong although the rise in interest rates combined with an increase in available inventory is showing some impacts. Condos for sale in Downtown San Diego still sell quickly if priced right (don’t use Zillow, it’s always wrong) and are marketed effectively.

See All Condos for Sale in Downtown San Diego 92101

Condos that are overpriced, not marketed correctly, or sold by owner tend to linger and go “stale”. Think of bread at the bakery. If it doesn’t sell right away, it starts to go stale. What does the baker do? They drop the price and add it to the “day old” basket. Buyers in the bakery don’t want “day old” bread. If they do purchase “day old” bread, they certainly expect a discount because there must be something wrong with it if it’s been for sale this long and hasn’t sold.

Real estate works the same way. Your best buyer will likely be your first buyer and the buyer that makes an offer when you price your Downtown San Diego condo correctly. I have a new video blog on the way completely dedicated to this subject, please check back for it soon.

Questions? Comments? Please send them my way!

Real Estate Market Report for Downtown San Diego Condos Published June 2013

 

The Downtown San Diego real estate market for condos for May 2013 continued to charge ahead with no immediate slow down in sight.   We are seeing an ever so slight uptick in condo listing inventory for sale but no were near what it will take to satiate current Downtown San Diego condo buyer demand.  Bottom line:  It’s still a seller’s market.

Downtown San Diego saw an overall median price increase yet again for May 2013.  The average time to sell a condo for sale dropped by 5 days to 43 days on market!  There was a monster sized sale at The Metropolitan (sits on top on the Omni hotel).  All 5 sub neighborhoods showed big median prices increases.

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This is all very good news for the Downtown San Diego Real Estate Market.  As always, I’ve compiled some vital and interesting statistics below on the market:

92101 May 2013 Real Estate Market Facts (Published June 5th, 2013):

  • 181 Active Listings for Sale as of June 5th, 2013
  • Average Days on Market to Sell:  43 Days (May 2013 was 48 Days)
  • 91 Total Sales for May 2013
  • May 2013 Median Sales Price:  $475,000 (May 2012 was $445,000)
  • Highest sale The Metropolitan, 26th floor, 4 Bed for $3.4M
  • Lowest sale Palermo, 6th floor, Loft for $210,000
  • Most Expensive Current Listing:  Harbor Club, $9.975M
  • Least Expensive Current Listing:  Hard Rock, $200,000

More interesting facts and figures:

  • Only 11 were short sales.
  • Again, there were no foreclosure sales.

Breakdown by Neighborhood for May 2013:

  • East Village – 21 Total Sales, median price was $441,000 (April 2013 was $332,500)
  • Columbia District – 9 Total Sales, median price was $700,000 (April 2013 was $650,000)
  • Little Italy – 7 Total Sales, May median price was $445,000 (April 2013 was $395,000)
  • Marina District – 23 Total Sales , median price was $629,900 (April 2013 was $549,000)
  • Cortez Hill – 9 Total Sales, median price was $382,500 (April 2013 was $319,000)
  • Gaslamp Quarter – 4 Total Sales, median price was $262,450 (April 2013 was $256,000)

Summary:  The real estate market for Downtown San Diego condos continues to accelerate faster than Vin Diesel in the latest fast and furious.  The latest talk on the town pertains to re-entering yet another real estate bubble.  The current climb in demand and prices is different this time around.  The sub prime loans and shady lending practices of old are gone.  This is an absolutely sustainable rise in prices.  Buyers are buying homes and condos they can actually afford.  We live in a capital market, cycles are assured but…  In this Downtown San Diego real estate broker’s opinion, anyone waiting for this current bubble to burst could be waiting for years.  Even when the eventual price decline does happen, you are most likely looking at a soft cyclical decline and likely no where near the low levels we experienced the past few years.  It’s the right time to sell or buy, don’t get left in the dust!

Interested in Selling?  Contact me for a no hassle marketing proposal

Questions? Comments? Please send them my way!

April of 2013 Downtown San Diego Condo & Real Estate Market Report

Thank you for stopping by.  This Real Estate Market Report covers the Downtown San Diego Condo market for April 2013.  Demand for condos in the 92101 zip code continues to accelerate at a pace even Olympic Sprinter Usain Bolt would be impressed with.  On an annualized basis, the median price for a sold condo for sale in Downtown San Diego is up over 12%!  That even beats the impressive 10% median price increase overall for San Diego County.

We had 63 total sales reported for April 2013 in Downtown San Diego.  This indicates an annualized percentage decrease versus April 2012 were we saw 83 total sales reported.  This is absolutely to be expected in this current market with the drastic drop in inventory available for purchase.  There are 183 actively listed properties for sale as of 5/13/2013.  Combing this figure with the number of sold properties for April 2013 clearly tells us we are in the midst of a strong and steadily growing sellers market.

The Downtown San Diego Condo distress real estate market is disappearing faster than Casper at a Ghost Busters reunion party.  There were no foreclosure sales reported for April 2013 and only 10 short sales closed per real estate brokerage reporting.

This is all very good news for the Downtown San Diego Real Estate Market.  As always, I’ve compiled some vital and interesting statistics below on the market:

92101 Quick April 2013 Real Estate Market Facts:

  • 63 Total Sales for April 2013
  • April 2013 Average Sales Price:  $522,000 (April 2012 was $464,000)
  • Highest sale Sapphire Tower, 32th floor, 3 Bed for $2.2M
  • Lowest sale Element, 3rd floor, 1 Bed for $125,000
  • Most Expensive Current Listing:  Harbor Club, $9.975M
  • Least Expensive Current Listing: Element, $179,000
  • 180 Active Listings for Sale as of May 10, 2013
  • Average Days on Market to Sell:  48 Days

More interesting facts and figures:

  • 52 sales were regular sales (versus 81 for March).
  • 10 were short sales (versus 11 for March).
  • There were no foreclosure sales (versus 5 for March).

Breakdown by Neighborhood:

Summary:  The Downtown San Diego Condo Real Estate Market is in the midst of a very robust sellers market.  I may not have a crystal ball but I do not see the market slowing down anytime soon.  Low interest rates and the average buyer becoming increasingly more comfortable as the economy continues to stabilize will fuel the demand for Downtown San Diego Condos.  In addition, as prices continue to climb, more and more Downtown San Diego Condo owners will gain equity and list their properties for sale.  All in, expect fierce competition as a buyer for the foreseeable future and an enticing sellers market for all you 92101 condo sellers thinking about selling!

Interested in Selling?  Contact me for a no hassle and free marketing proposal

Questions? Comments? Please send them my way!

Condo for Rent at ICON in East Village Downtown San Diego 92101

Condo for Rent at ICON in East Village in Downtown San Diego located at 321 10th Avenue, San Diego CA 92101.  ICON is located directly next to Petco Park, home of the San Diego and might I say surging Padres!  Priced on the low end for the the building, this one bedroom will rent fast!  The kitchen has beautiful dark wood floors.  Kitchen cabinetry is white with brushed silver hardware.  Very contemporary looking.  Also comes with all stainless steel appliances.  There is a full size stack-able laundry unit on the condo and the bedroom has two closets for extra storage space.  Included is your own assigned underground parking space and a private balcony to unwind after those long days!

Specifics:

Pleas contact me for more more information or to schedule a private tour at this fabulous one bedroom condo for rent in Downtown San Diego at ICON located at 321 10th Avenue, San Diego CA 92101 in East Village.

- Main Marker

March 2013 Downtown San Diego Condo and Real Estate Market Report

 

Holy smokes, March of 2013 was an incredibly HOT market for Downtown San Diego Condo sales!  We ended up with 94 total sales (per Multiple Listing Service).  That is a significant increase in total number of sales compared to last month’s 63 total sales for February 2013.

  • 81 sales were regular sales (versus 50 for February). ⇑
  • 11 were short sales (versus 11 for February).
  • 5 were foreclosure sales (versus 2 for February). ⇑

Other Quick Facts:

  • Highest sale Sapphire Tower, 27th floor, 3 Bed for $1.8M
  • Lowest sale Element, 7th floor, 1 Bed for $154,000
  • 94 total sales of Downtown Condos (67 for February), average sales price was $560,000 (February was $450,000)
  • 155 Active Listings as of April 1, 2013
  • Average Days on Market to Sell:  45 Days

Breakdown by Neighborhood:

 

Tips for Selling Your Home for Top Dollar and Fast!

Real Estate inventory levels continue to shrink as demand continues to climb.  If you are thinking of selling your home or condo, this is a great time.  Positioning your property correctly will result in multiple offers and a very fast and clean sale.  If you are thinking of purchasing a home or condo, this is a very good time to take that first step.  Prices are already on the rise, interest rates will be soon to follow.  We may never again see affordability like it is today in our lifetime.  Thinking about buying?  The time is right, don’t let the market pass you by!  Thinking about selling?  It makes sense, especially if you are “moving up”.

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Questions? Comments? Please send them my way!