Beautiful Move-In Ready Luxury Condo at Horizon

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.

How I film a high quality (HD) real estate video tour

In this video, I show you how I film / shoot my high definition real estate video tours. I go over the equipment I use, the shots and angles I try to obtain, and I drop in some useful tips and tricks throughout the video.

Link to finished video tour: http://wesleyguest.com/?listing=panoramic-views-with-a-peak-ocean-view

I hope you enjoy the video. Making video is still a learning process for myself but my skills continue to improve. Contact me with any questions about the video.

List of Equipment Used:

1) Canon EOS Rebel T3i 18 MP CMOS Digital SLR Camera and DIGIC 4 Imaging with EF-S 18-55mm f/3.5-5.6 IS Lens
2) Canon EF-S 10-22mm f/3.5-4.5 USM SLR Lens
3) Adorama Dedicated Lens Hood for Canon 16-35mm, 20-35mm, 17-35mm, 17-40mm & 10-22mm Lenses
4) Fancierstudio Professional Video Camera Tripod FC-270 Pro Video Camera Tripod with Fluid Head By Fancierstudio FC-270
5) Fancierstudio Camera Track Slider Camera Silder Video Slider 40″ With Ball-Bearing Slide Mechanism By fancierstudio JS40
6) DMKFoto Heavy Duty Ball Head with Quick Release Plate

Thank you for watching!

Wesley Guest

Day in the life of Downtown San Diego Real Estate Agent Wesley Guest

What is a typical day really like in real estate? I thought I’d spend the day with you and show you my typical day as a busy real estate agent in San Diego. I start off by leaving my office in Downtown San Diego and visiting my listing in Torrey Highlands (1:06) and then a quick trip south to Pacific Beach to visit my Riviera Drive listing for sale (3:35). After that, a quick, lunch break (6:19), meet up with the dogs (5:25), and some late afternoon calls / prospecting (6:40).

Real estate is a great job but it’s really nothing like what many TV shows are produced to be such as Bravo’s Million Dollar Listing. I think HGTV’s Hunters is more realistic but still not a great view into a typical day for a real estate agent.

Downtown San Diego Real Estate Market Report April 2014

 

We actually have a decent selection of real estate for sale in the Downtown San Diego for mid April 2014.  Based on the close of March 2014, Downtown is in a “normal real estate market” but we are starting to see signs of  shift back to a “seller’s real estate market” as inventory is declining and the number of sales continues to rise.

View All Downtown San Diego Real Estate for Sale

The most exciting news to report is the median sales price.  We have not seen a number as high as $523,750 since 2008!  Some statistics to note for the Downtown San Diego real estate market below:

  • Median Price:  $523,750… Haven’t had a median number that high since 2008!
  • Active Market Time to Sell a Downtown Condo:  20-30 days.
  • Total Sales March 2014: 64 Sales.
  • Currently 271 Active Listings for Sale.

Do you agree?  Disagree?  Please feel free to “speak your mind” using the form below:

Downtown San Diego Real Estate Market for December 2013:

Downtown San Diego Real Estate Market Report for December 2013:

The average price and median price for December 2013 are both still up in the double digits.  We are primarily interested in the median price as it eliminates any major outliers but it is interesting to compare it versus the average price which came in very strong as well.  Also, the 12 month median price trend depicted in the graph below is very promising.

  • Median Sales Price: $447,500 +15.1%
  • Average Sales Price:  $520,299 +13.6%

The median amount of days on market is relatively low at 36 days.  The average is 65 days but this figure is severely skewed by several short sales that have been hanging around for years. The median is much more applicable and realistic for this report.  Sellers can expect to be on market for around 36 days when selling their Downtown San Diego Real Estate / Condos (Even less time if you price your condo right and use a real estate video tour to market the property).

  • Median Days on Market: 36 Days +5.5%
  • Average Days on Market: 56 Days +13.6%

The market is a Normal Market.  There are currently 257 actively listed properties in the 92101 zip code.  If we divide that total by the number of total sales last month at 47 sales, we get 5.47 (5.47 month’s worth of real estate inventory).  This means it would take 5.5 months to sell the current inventory available for sale.  Anything between 3-6 months is generally accepted as a balanced or normal real estate market.

  • 257 Active Listings for Sale as of 12/2/2013.
  • 57 Total Sales last month.
  • 4.5 Month’s Inventory (257 Active Listings / 57 Sales) Normal Market

Breakdown by Neighborhood for December 2013:

Summary:  The holiday season is here and it is showing in the market data.  The 47 sales for the month is the lowest number of sales we have seen in the Downtown San Diego real estate market since 2008.  I wouldn’t read too much into it.  January 2014 could bring another real estate run, maybe similar to what we saw for 2013.  Real estate prices continue to climb as more inventory becomes available for sale.

See All Downtown San Diego Real Estate for Sale

Questions? Comments? Please send them my way!

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

View All Downtown San Diego FHA Approved Condos for Sale

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.

View All Downtown San Diego Real Estate for Sale

Questions?  Comments?  Send them my way anytime.

 

- Main Marker

 

Downtown San Diego Real Estate Market for October 2013

The Downtown San Diego Real Estate Market for October 2013:  Big changes for October 2013 in Downtown San Diego.  We have officially entered a “Normal” or “Balanced” Market.  If you take the current amount of Downtown San Diego condos for sale and divide it by the number of sales published on MLS (Multiple Listing Service) for September 2013, you come up with a figure of 4 or 4 months.  This means it would take 4 months to sell the current condo inventory available in Downtown San Diego.  Anything in the 4 – 6 month range is usually considered a balanced or normal market.  Anything less is considered a sellers market and anything more is considered a buyers market.  Please review the Downtown San Diego real estate market information below:

Downtown San Diego Real Estate Market Report for October 2013:

  • 253 Active Listings for Sale as of October 9th, 2013
  • Average Days on Market to Sell: 47 Days (October 2012 was 83 Days)
  • 65 Total Sales for October 2013 (October 2012 had 65 Total Sales)
  • Median Sales Price for October 2013: $502,500 (October 2012 was $380,000) ▲ 24%
  • 4 Month’s Inventory (253 Active Listings / 62 Sales) Normal Market
  • Highest sale Pics & Video: Bayside, 34th floor, 2 Bed for $2,875,000
  • Lowest sale Pics & Video: Element, 7th floor, Loft for $175,000
  • Most Expensive Current Listing, Pics & Video: Harbor Club, $9.975M
  • Least Expensive Current Listing, Pics & Video: Park Terrace, $220,000

Breakdown by Neighborhood for October 2013:

Summary:  It is absolutely wonderful to see the market enter its current state.  Downtown San Diego real estate has endured a wild-a-ride as any in the entire San Diego County real estate market.  We  have seen the foreclosure market come and go, the rush for short sales come and go, the exit and re-entry of financing for many of the Downtown San Diego buildings, and of course the return of positive equity for many real estate owners in Downtown San Diego.  All very welcome and healthy news for now and the future in the Downtown San Diego real estate market.

See All Downtown San Diego Real Estate for Sale

Been frustrated running into multiple offers and unable to procure yourself a piece of the Downtown San Diego real estate market?  Things have changed and let the negotiations begin!  Been thinking of selling your condo in Downtown San Diego?  It’s not too late as demand is still very strong and prices are steadily increasing.

Questions? Comments? Please send them my way!

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!

Downtown San Diego Real Estate Market Report for June 2013

The Downtown San Diego real estate market for June 2013 continues to steam ahead.  The number of sales increased to 83 monthly sales for June.  That is a 30% increase compared to June of 2012.  In addition, we saw the number of properties that listed for sale rise.  This is great news for buyers in Downtown San Diego as we are starting to move back to a balanced market, not the frenzied seller’s market we saw the first 6 months of 2013.

See All Condos for Sale in Downtown San Diego 92101

An important item to note is mortgage interest rates and the effect their rise is having.  The greatest effect is buyer affordability.  A buyer’s monthly payment just went up significantly with the rise in interest rates.

I.E. Buyer purchases a a condo in Downtown San Diego for $400,000.  If that buyer purchased the condominium a month ago, lets say their payment would have been around $1,879 (minus all taxes, fees, HOA payment, etc) with a 3.5% mortgage interest rate.  If that same buyer purchases the same Downtown San Diego condo today for $400,000 with a 4.5% mortgage interest rate, their payment will jump to $2,063.  That is a fairly drastic change in 30 days just by way of a change in mortgage rates.

I believe this will continue to bring balance to the market and will help buyers by reducing some of the fierce competition they have been facing the last half year in the Downtown San Diego real estate market.

An important trend that became apparent in June 2013 is the luxury condo market ($1,000,000 and above) started gaining momentum quickly in regards to total number of sales.  A 51% jump in activity in some neighborhoods and buildings!  The Downtown San Diego luxury condo market was one of the last remaining market segments to get going in the 2013.  Let me tell you, they have started the engines and they are off!  The million  dollar real estate market is gaining ground quickly.  This market is in overdrive. The statistics below speak for themselves:

Real Estate Market Facts for June 2013 in the 92101  (Published July 10th, 2013):

  • 203 Active Listings for Sale as of July 10th, 2013
  • Average Days on Market to Sell: 43 Days (June 2012 was 91 Days)
  • 83 Total Sales for June 2013 (June 2012 had 64 Total Sales)
  • Median Sales Price for June 2013: $424,900 (June 2012 was $436,500)
  • Highest sale Pics & Video: Bayside, 33rd floor, 2 Bed for $2,975,000
  • Lowest sale Pics & Video: Element, 3rd floor, Loft for $172,500
  • Most Expensive Current Listing, Pics & Video: Harbor Club, $9.975M
  • Least Expensive Current Listing, Pics & Video: The Mills, $199,000

Breakdown by Neighborhood for June 2013:

Summary: The Downtown San Diego real estate market is in hyper-drive like the rest of San Diego county.  To answer the question I think I receive on a daily basis right now is:  Yes, it is a great time to buy real estate right now.  Interest rates are still relatively low, prices are rising but they haven’t shown any signs of slowing down, and the US economy is continuing to strengthen!  In addition, buyers need to find an agent who is very familiar with the market and all the buildings.  It’s competitive but the best agents now what to do and how to help you achieve all your real estate goals.

If you have property to sell, align yourself with an experienced Downtown San Diego real estate agent, you will sell for top dollar and in a very short amount of time.  Although the best time to sell was most likely in the previous six months, there is still a tremendous amount of buyer demand and a Downtown San Diego condo seller can look forward to lots of interest from potential buyers if they position their condo correctly.

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

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!