downtown san diego real estate: Tips on How to Complete a Sale of a Downtown San Diego Condo - 05/29/12 11:51 AM
In today’s Downtown San Diego Real Estate market, it is critical to know the best ways to sell your Downtown San Diego Condo or Downtown San Diego Loft. There are essential steps of getting prepared to sell your home.
The first step to success is to make sure that your home is clean and organized. If there is a lot of clutter sitting around, a potential buyer may think there is less space in the home than there really is. By keeping the interior organized, the home gives the impression that it is spacious and welcoming.
The second step is to have everything in good working condition. … (0 comments)
|
downtown san diego real estate: Real Estate Incentives in Downtown San Diego - 05/29/12 11:50 AM
As a Downtown San Diego Real Estate investor, you should be aware that there might be units on the market where the seller is offering incentives to real estate professionals. While these incentives are supposed to be used to increase the amount of attention given to a particular unit, it may also lead the real estate professional to do something for themselves instead of their client.
In the article “Make Sure Selling Incentives Don’t Break the Rules,” the Daily Real Estate News outline some guidelines regarding incentives. The original idea behind incentives was to offer some kind of reward to real estate professional when it comes to … (2 comments)
|
downtown san diego real estate: Average Sale Price for Downtown San Diego Condos from April 2011 to March 2012 - 05/21/12 08:40 AM
One of the reasons for the average price making a big jump going from February to March 2012 is that two Downtown San Diego Penthouses over the Million Dollar price range sold during the month of March. The line you see in the graph above is keeping itself pretty steady throughout the year with just minor bumps here and there. We do see a slight increase in the average price and it will be interesting to follow the Downtown San Diego Real Estate market to see what changes are coming in the next couple of months. Stay tuned for more … (0 comments)
|
downtown san diego real estate: Resale's of Downtown San Diego Condos Are Getting Strong - 05/21/12 08:37 AM
The first quarter of 2012 is showing us that 106 units out of a total of 204 Downtown San Diego Condos and Downtown San Diego Lofts sold are resale's. This takes up more than half of the inventory for January, February and March. Compared to the first quarter of last year, a total of 256 units were sold and resale's stood for 80 of them. This is a huge increase in resale's and one of the reasons for the big jump is that we do not have many Developer sales left to play with. There are a couple of Developer … (0 comments)
|
downtown san diego real estate: Cash Buyers of Downtown San Diego Real Estate Has Increased - 05/17/12 03:49 PM
Many homebuyers are coming in with cash to buy Downtown San Diego Condos and Downtown San Diego Lofts. The graph above shows us the percentage of cash investors for the first quarter of 2012. There has been a good portion of increasing cash buyers here in Downtown San Diego where we started the year with a total of 23 percent. February increased with 16 percent and March increased with another 9 percent leaving March with a total of 48 percent cash vs. 52 percent financing.
As Downtown San Diego Real Estate Specialists, we are seeing bidding wars going on where some units have multiple offers. The seller … (0 comments)
|
downtown san diego real estate: Downtown San Diego Condos and Lofts sold in March 2012 - 05/01/12 10:25 PM
Downtown San Diego has the last couple of months seen developer sales come to an end and therefore having resale's take over a big part of the inventory. As of today, 178 Downtown San Diego Condos and Downtown San Diego Lofts are for sale. Even though we are experiencing a super low number of inventory the number of sales has increased since the beginning of the year. The graph above is showing us that 51 homes were sold in January, 68 in February and 85 in March. It is hard to believe that the first quarter of the year is … (0 comments)
|
downtown san diego real estate: The Real Estate Market Has Less Low-ball Offers in 2012 - 05/01/12 10:22 PM
The Daily Real Estate News featured an article, “Low-ball Offers a Thing of the Past?”, showcasing the fact that the Real Estate Market received a lot of low-ball offers in 2011. The numbers of low-ball offers are turning around and buyers are now offering a purchase price closer to the asking price.
Low-ball offers were pretty common in Downtown San Diego in the year of 2011. The 2012 market is showing that low-ball offers have reduced drastically. A survey completed by the National Association of Realtors state the fact that 10% out of 4,500 Realtors complained about low-ball offers in … (0 comments)
|
downtown san diego real estate: Downtown San Diego Condos and Lofts Sold by Average Sale Price Jan to Feb 2012 - 05/01/12 10:19 PM
The graph above is showings us the average sale price for Downtown San Diego Condos and Downtown San Diego Lofts for January compared to February of 2012. Downtown San Diego is starting to see an increase in the average sale price. As you can see, Februry's sale price is slightly higher compared to January's sale price with about 2%.
To compare other 92101 Urban Living's graphs and to read other Downtown San Diego Real Estate blogs click on Downtown San Diego Condos & Lofts Sold - Cash vs. Financing in February 2012 and Downtown San Diego Condos & Lofts Sold … (0 comments)
|
downtown san diego real estate: Downtown San Diego, Downtown San Diego Condos, Downtown San Diego Lofts, Downtown San Diego Real Estate, A purchase strategy for distressed real estate - 05/01/12 10:18 PM
As an overall industry standard, most lenders require you pay a 20% down payment. However there is an alternative for Downtown San Diego Condo and Downtown San Diego Loft homebuyers that require only 3.5% down. The Downtown San Diego Real Estate Market has 175 active homes available and out of these, 105 homes qualify for an FHA loan. Homebuyers see FHA loans as a perfect option as they come with a low down payment (usually around 3.5% of the purchase price) and they are also backed by a federal agency. Lending institutions has during the last couple of years lost … (0 comments)
|
downtown san diego real estate: Could you get a Great Deal by Buying Distressed Downtown San Diego Real Estate? - 05/01/12 10:17 PM
During these harsh economic times, distressed real estate such as foreclosures and short sales are something we see a lot of today in the Downtown San Diego Real Estate market. Millions of American, during the last couple of years, have not been able to keep up with their mortgage payments and have therefore lost their homes. Out of 173 active Downtown San Diego Condos and Downtown San Diego Lofts, 32 are either foreclosures or short sales. Some of the lowest priced units on the market are distressed properties but be aware, they might not be in the best condition.
Inman … (0 comments)
|
downtown san diego real estate: VA is Reducing the Maximum Loan in Downtown San Diego - 05/01/12 10:16 PM
VA will be making some changes for the New Year and on January 1st, 2012 the maximum loan for 100% financing will be lowered to $477,000 in Downtown San Diego including San Diego County.
Riverside County will remain at $417,000 but Orange County will reduce where the maximum loan for the 100% financing will be $621,000. If you are a veteran and would like to obtain loans over the $477,000 amount you would need a down payment of 25%.
If you are a veteran looking to invest in Downtown San Diego Real Estate and for example you are looking to … (0 comments)
|
downtown san diego real estate: 30-Year Mortgage Rates at a Record Low - 05/01/12 10:15 PM
Home buyers interested in Downtown San Diego Real Estate are in a great position as mortgage rates continue to drop. There are many different options out there for investors of this urban community as Downtown San Diego has 6 unique residential neighborhoods that offer something different depending on what you would like to experience as soon as you walk out your front door.
We have the Italian inspired Little Italy with their bakeries, cafes, small boutique shops and a family feel. The East Village/Ballpark is the largest neighborhood and also the newest. You can here find Petco Park and the … (0 comments)
|
downtown san diego real estate: Downtown San Diego Condos & Lofts Sold by Type of Sale 2011 - 05/01/12 10:11 PM
Downtown San Diego had during the year of 2011 a total of 1028 sold Downtown San Diego Condos and Downtown San Diego Lofts.
Out of the 7 neighborhoods in Downtown San Diego the East Village/Ballpark District has most sold units of 312. Not too far behind was the Little Italy District with 209 units sold. The Cortez Hill District had 102 units sold. The Marina District and the Columbia District shared 4th place with a total of 171 units sold. The Gaslamp District had 51 units sold and last the Metro with 12 units sold.
According to this graph, Developer sales … (0 comments)
|
downtown san diego real estate: Downtown San Diego Condos & Lofts Sold in February 2012 - 05/01/12 10:09 PM
A total of 68 Downtown San Diego Condos and Downtown San Diego Lofts were sold in the month of February 2012.
Compared to the month before an increase of 17 units were sold. The average sale price rose to $388,745 for February and this is up 2% from January. Over 70 percent of the transactions were under $500,000 and 63 percent of them were resales. 57 percent of all transactions were cash sales. That is the highest number of cash sales we have seen since we started tracking this data in Downtown San Diego in 2008.
To compare other Downtown … (0 comments)
|
downtown san diego real estate: Year to Year Comparison - Downtown San Diego Condos Sold in the Cortez Hill District - 05/01/12 10:05 PM
The most Downtown San Diego Condos and Downtown San Diego Lofts sold in the Cortez Hill District during the last 4 years happened in the year of 2009. One of the reasons for this year having more sales compared to the other ones would be the developer units released in Aria. As Downtown San Diego ran out of developer sales during 2011 we are now in a pure resale market.
For more information and to compare other 92101 Urban Living's Real Estate graphs click on Year to Year Comparison - Downtown San Diego Condos Sold in the Little Italy District, Year … (0 comments)
|
downtown san diego real estate: Year to Year Comparison - Downtown San Diego Condos Sold in the Columbia District - 05/01/12 09:58 PM
The Columbia District in Downtown San Diego showed a strong number of 285 Downtown San Diego Condos and Downtown San Diego Lofts sold in the year of 2008. The number has since then been on a steady downhill streak.
With a total of 171 homes sold in 2011 the Columbia District lays on a shared third place of all the neighborhoods in Downtown. On first place comes the East Village/Ballpark District with a total of 312 homes sold, on second place the Little Italy District with 209 homes sold and on the shared third place the Marina District with 171 homes … (0 comments)
|
downtown san diego real estate: Median Sale Price - Marina District in Downtown San Diego - 03/18/12 12:10 PM
This median sale graph above is showing us the price for Downtown San Diego Condos and Downtown San Diego Lofts sold in the Marina District of Downtown San Diego during the years of 2008 to 2011. As you can see...the price has decreased from $685,000 to $474,000 during the 4 years. This is a total reduction of $211,000. The year of 2011 came back strong with a total increase of $35,500 from 2010. The Marina District is considered to be the most established and luxury place to be in Downtown. Compared to the other neighborhoods...the Marina District is taking 2nd place … (0 comments)
|
downtown san diego real estate: Downtown San Diego Condos & Lofts Sold by Price Range 2011 - 03/18/12 12:05 PM
A total of 1029 Downtown San Diego Condos and Downtown San Diego Lofts sold during the year of 2011. Out of all these units sold 75% were under the price range of $500,000. Only 4 homes sold over the price range of $2,000,000.
The price category that totally lead the way were the price of $300,000 and under with a total of 417 units sold and shortly thereafter comes the price range of $300,001 and $500,000 with a total of 344 homes sold.
To read and compare other 92101 Urban Living's blogs about the Downtown San Diego Real Estate Market click … (0 comments)
|
downtown san diego real estate: Downtown San Diego Condos & Lofts Sold by Average Monthly Sale Price During 2011 - 03/18/12 11:56 AM
Downtown San Diego had an average monthly sale price of $446,000 for the year of 2011. This is just slightly under the average price compared to 2010 that showed a price of $453,910. The total number of sold Downtown San Diego Condos and Downtown San Diego Lofts during the year equals out to be 1,029. This is also a small reduction compared to last years number of 1,120 homes sold. Short sales are working their way up in the Downtown San Diego Real Estate market with an increase of 4% from last year where 2010 had 20% and 2011 is … (0 comments)
|
downtown san diego real estate: Downtown San Diego Condos & Lofts Sold by Month 2011 - 03/18/12 11:53 AM
As a Downtown San Diego Real Estate specialist as well as a resident of the East Village of Downtown San Diego I have been used to a real estate market ruled by the developer. Being able to walk our clients in to complexes such as The Mark, Park Terrace, The Legend, Bayside, Sapphire and Smart Corner for developer sales are pretty much gone. So, times are about to change as Resale’s are hitting the market strong. The graph above shows us that the green line, Resale’s, has been on top of the Downtown market for almost the full year of … (0 comments)
|
;)
;)
;)
