Rare Premium Move-In Ready Condominium Opportunity Available Now at 235 Market

SOLD BY WESLEY GUEST FOR FULL PRICE $385,000. Rare premium move-in ready condominium opportunity available now at 235 Market. The Marina District location is highly desirable sitting only one block from the famous Gaslamp quarter, two blocks from Horton Plaza, & everything else the city has to offer. All appliances are included. Highlights include track lighting, new paint, newer carpet, & a convenient location within the building itself. Amenities include a fitness center & a large common area rooftop with barbecues & plenty space to socialize.

CLICK HERE FOR PRICE AND ALL THE DETAILS

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Beautiful Move-In Ready Luxury Condo at Horizon

SOLD FOR $615,000 BY WESLEY GUEST.  Beautiful move-in ready condo at the desired Horizon tower available now. This cozy 1 bedroom with a den/office features hand-scraped hard wood flooring throughout, granite counter tops, a fireplace, recessed lighting, 2 separate bathrooms (master has it’s own shower/tub and second has a shower), bay views, parking, and a storage unit. Horizons is located close to all the shopping, restaurants, nightlife, and entertainment Downtown San Diego has to offer.

CLICK HERE FOR PRICE AND FULL SPECS

Horizons was built and completed by Bosa Development in 2002. It consists of the full city block bordered by Island Avenue, Market Street, Front Street and First Avenue. Horizons offers 211 condominiums with floor plans ranging from 900 sq. ft. to 2,111 sq. ft. Horizon is considered the first luxury high-rise of the new age buildings in The Marina District and Downtown San Diego. Amenities included are entrance lobbies, 24 hour security, an outdoor swimming pool and spa surrounded by a large deck, an extensive fitness center with men’s and women’s change rooms and saunas, conference rooms, computer rooms, social lounge, outdoor barbecue area, bike storage, individual storage lockers and a video-monitored building entry system.

Downtown San Diego Real Estate: Electra in The Columbia District

Downtown San Diego Real Estate: ELECTRA in The Columbia District

Bosa Development completed construction on Electra in 2007 and is Downtown San Diego’s highest residential tower with 43 stories. Some of the best views in the entire city can be found in this incredibly desirable luxury high rise.  An distinct feature to Electra is the bottom of the building has the historic San Diego Gas and Electric building incorporated. 

Amenities include a fitness center, pool, spa, huge common grounds with green belt and barbeques, 24 hours security, a concierge,  and the most elegant main lobby found when searching Downtown San Diego Real Estate

Click here to see a quick profile and all units for sale at Electra.  Map and neighborhood information located below just below the profile picture.

All Downtown San Diego Real Estate for Sale

Please contact me for a private showing at one of The Columbia District’s finest high rises in Electra.

Electra in Downtown San Diego 92101

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

Search all Condos for Sale in Downtown San Diego 92101

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!

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”.

Search All Downtown Condos and Real Estate for Sale

Questions? Comments? Please send them my way!

New Real Estate Video Tour at Horizons in The Marina District in Downtown San Diego 92101

Just finished my latest real estate video tour in Downtown San Diego Condo series.  The real estate video tour is on location at Horizons in The Marina District in Downtown San Diego.  Please check it out below.  Also, visit my dedicated website portal where you can read about the details at Horizons and see all the condos for sale at Horizons.

I am very happy with the quality of the condo video tour.  As always, I wanted to deliver to you a video tour experience as if you are touring Horizons in person.  Several features that I really think make Horizons stand out and to look out for in the video are the massive water feature in the central courtyard, the luxury style pool and aquatic area, and the commercial size fitness facility.

Prices start in the mid $400k range and go up into the millions depending on square footage, floor level, views, etc.  Horizons is modern and sophisticated.  Amenities include pool, spa, fitness center, several community break out rooms, pool table, full concierge and security, and guest parking available on a first come first serve basis.  Guest parking is very hard to find in Downtown San Diego, a huge plus for any guests you might have.

ALL CONDOS FOR SALE AT HORIZONS IN THE MARINA DISTRICT

Living at Horizons is true luxury style living in Downtown San Diego.  If you are in the market for a Downtown San Diego condo, make sure to include Horizons at the top of your list.

 

- Main Marker

 

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2013 February Downtown San Diego Real Estate and Condo Market Report

 

February 2013 closed out with a huge bang for Downtown San Diego Condo sales.  We ended up with 63 total sales (per Multiple Listing Service).

  • 50 sales were regular sales.
  • 11 were short sales.
  • 2 were foreclosure sales.

That’s right, only 2 foreclosures sales closed in February!   My advice to any Downtown San Diego Condo shoppers looking for a bargain:  Do not pursue foreclosures as that train has left the station my friends!  Shadow inventory?  Not going to happen.  The banks are systematically and slowly bring homes to market.  They did not become billion dollar+ size banks by being stupid.  They control the market and they know it.  A massive shadow inventory home drop is just not going to happen.

The highest sale was for $2,145,ooo at Pinnacle in The Marina District.  This 3 bedroom penthouse style condo had been on market 420 days.  The lowest sale closed at Acqua Vista in Little Italy for $159,000.  It was a 431 sq ft studio that actually sold before being entered on the Multiple Listing Service system.  It was an “Unlisted Property” sale.  The Average sales price for Downtown San Diego Condo sales was $455,326 and at 70 days on market.  The Mark in East Village had the most sales for the month at 5!  It is important to note the the market for Downtown San Diego Condos positioned correctly and under $600,000 is on fire!  Sellers can expect top market dollar and just days on market if positioned correctly.

What All Brokers Should Be Doing to Sell Downtown San Diego Condos for Top Dollar!

What to expect going forward:  The inventory levels for Downtown San Diego Condos is still very low under the $600,000 marker.  Expect bidding wars and multiple offers to increase as the inventory levels continue to drop and more buyers enter the market.

Frustrated Trying To Find a Downtown San Diego Condo?  Try This

Prices will continue to increase slowly but steadily for the foreseeable future.

Questions?  Comments?  Please send them my way!

Downtown San Diego Vacation Condo Choice is a Different Animal

Downtown San DIego SkylineCommon sense would say that buying a Downtown San Diego vacation condo would be pretty much like buying your primary home. After all, the technical processes are the same: first, you locate a suitable vacation home the same way you found your primary residence (most likely with the active help of a knowledgeable Downtown San Diego Real Estate agent), then the offer, financing, documentation, etc.

In fact, there are basic differences. Appreciating how they affect your final choice can help you secure a Downtown San Diego vacation condo that provides the advantages you set out for — a memory-creating family getaway, investment value that builds wealth, or both.

Search Downtown San Diego Condos Here

Patience is a key virtue in getting the deal right. Financial experts from Bankrate suggest that vacation condo buyers are in ideal position to maintain calm and refrain from making rash decisions (after all, you already have your primary residence).  When you remove the emotion from a Downtown San Diego condo purchase, you change the game.

Quicken Mortgage’s Bob Walters agrees — even after you have narrowed your search to an area you know is right for you. “There’s no reason you have to buy…right now,” he says, adding that a “second home, more so than a primary residence, has to be treated as an investment.”

Even if the primary goal is recreational, he has a point. Like any second living space, a Downtown vacation condo in San Diego carries new expenses — maintenance and security chief among them. These factors can be offset by selecting a low-maintenance property and either installing security alarms or purchasing in a highly secured area.  It is true though that many Downtown San Diego condo complex’s and buildings have security and surveillance video which ads an additional level of security unavailable to a regular vacation condo or home purchase.  Unlike your primary residence, it’s fair to think of vacation home expenses as actually belonging on the discretionary side of the budget ledger. Knowing that long-term value appreciation is balancing those costs can’t help but add to your overall enjoyment quotient.

All Downtown San Diego Condos for Sale Here

Shopping for a Downtown San Diego vacation condo should be a pleasure (a low-pressure one, at that!). Taking the time to make sure it is a canny investment as well as the right vacation decision is part of the professional guidance I offer all my Downtown San Diego clients.  Choosing the right Downtown San Diego real estate agent is key!

The top areas for Downtown San Diego Condos as vacation properties are The Marina District, Columbia District, and East Village.  Please use my condo search tools to the right to view Downtown San Diego Condos for sale by complex, area, and even complex video tours.