This is your monthly re-cap on the Downtown San Diego Condo Market.  A quick summary of the facts and data:

There were 65 sales last month for July 2012 (June 2012 had 72 sales and May 2012 had 54 sales).  65 means we are right on track and demand is high.  The highest sale took place at the popular luxury high-rise Pinnacle at $1,250,000 for a 2 bedroom on the 11^th floor.  The lowest sale was at Acqua Vista for $154,350 for a 1 bedroom on the 2^nd floor (Acqua Vista remains a hotbed were competition is fierce between competing buyers).

The top complex’s or building’s with the most sales for July 2012 were:

1. Acqua Vista with 5 sales ranging from $154,350 to $278,000
2. La Vita, M2i , & Park Place tied for second with 3 sales each.
3. The Grande, Parkloft, and Park Terrace each had 2 sales each.

Electra continues to lead the pack for 2012 with 21 MLS recorded sales for the year and is showing no signs of slowing down.

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The atmosphere in the market right now is competitive and dare I say the market is hot.  It’s sort of a seller’s market.  Sellers are commanding the terms and getting top dollar but top dollar is still not exactly what many owners were hoping for by mid 2012.

The best advice this Downtown San Diego real estate agent can give to any prospective Downtown San Diego Condo buyer is

1. Know the buildings and which ones you like as quickly as possible.
2. Be ready to “pull the trigger” at a moment’s notice.  The best units are going into escrow almost immediately after they list for sale.  Downtown San Diego Condos are available but they sell fast.

SEARCH SAN DIEGO HOMES & HERE INCLUDING SHORT SALES & FORECLOSURES

Thank you for taking the time to read this Downtown San Diego Condo Market Update

Electra San Diego is a Luxury High Rise completed by BOSA Development in 2007.  At 43 stories high, Electra San Diego is currently downtown San Diego’s tallest residential tower.  One of the most interesting aspects to Electra San Diego is the ground floor and main lobby.  The builders incorporated the historic San Diego Gas and Electric building into Electra San Diego.  The result is a magnificent lobby restored and renovated complete with concierge, and a resident conservatory that rises 60′ to a skylight. Electra San Diego is the Columbia Districts most luxurious and finest residential high rise among all Downtown San Diego Condos.

Electra San Diego offers full amenities including a landscaped courtyard fitness center, pool, spa, barbecue area, and an outdoor fireplace lounge. There is a wide variety of floor plans and square footage’s ranging from 1,341 to 1,834, for properties at Electra San Diego. Electra San Diego is must see when considering residing in the Columbia District among Downtown San Diego Condos.

Electra San Diego Recent Sales information:

1. There are currently 10 Electra San Diego condos for sale.  Prices range from $475,000 to $2,800,000. See current Electra San Diego condos for sale here with pictures and video.
2. There have been2 sales so far for May, April had 2 sales, March had 5 sales, February had 2 sales, and January had 5 sales.  Electra San Diego outpaced all sales activity among all Downtown San Diego Condo complex’s.
3. There are several unlisted properties for sale, inquire here for details.

Search Downtown San Diego Condos, Foreclosure Condos, Short Sales, and the Newest Condos Listed for Sale Here.

Contact me below about Electra San Diego – Electra San Diego is Number One

Pricing your Downtown San Diego condo or home correctly centers on comparative shopping. I run a comprehensive comparative market analysis (CMA) or translated to non-real estate agent language:  I run a report that shows me all the local comparable sales within a 1 mile radius, that have SOLD in the last 90 days, and are reasonably similar homes to yours. I look at assets, such as a swimming pools, bigger than normal living spaces, a fantastic view, adjacent city parks and other attractions. I will compare your home with other like properties. I will then present the report to you which will include a recommendation on a realistic price range that will ensure you top dollar and a reasonable amount of time on market to sell your Downtown San Diego condo or home.  See current Downtown San Diego Condos and Homes listed here.  Wondering what the foreclosure market and short sale market is like in Downtown San Diego Condos and Homes, follow the previous links.

Listed below are just a few tips to keep in mind.

1. Price competitively. If there’s a glut of properties on the market similar to your Downtown San Diego condo or home, look at the prices. If there are ten houses in your general area listed around $360,000, a good way to get exposure is to list just below that price. Even employing classic sales tricks like pricing your property at $359,999 is better than falling in line at the exact price of your competitors.
2. Overshoot your price. The final price of your Downtown San Diego condo or home after negotiations usually turns out to be smaller than the original asking price. This is the nature of negotiation and should be anticipated when deciding on an asking price. If you are comfortable with selling a home for $340,000, pricing it slightly above that number hopefully results in a compromise at or around your exact acceptable number.
3. Put thought into your price. If you were to meticulously quantify the value of your Downtown San Diego condo or home, it would likely come out to a number like $343,400 not $345,000. Don’t underestimate the intelligence of buyers. They will recognize when a price is too broad and vulnerable to negotiation. Price your Downtown San Diego condo or home with facts to support its value. Don’t broadly price a property to sell.
4. Make sure your prospect has all the numbers. Buyers will likely calculate the value of a Downtown San Diego condo or home they’re interested in. They may not have incredible math skills or may be overwhelmed by the amount of analysis necessary. You should use aids such as figures, percentages or graphics you can use to convey your message.

As always, you need a Downtown San Diego Real Estate Agent who is busy and who knows the Downtown San Diego condo market.  Please Call / Text me anytime to meet at 619.379.7675.  My advice is always free. If you prefer email, please send me one by following this Downtown San Diego Real Estate Agent link here.

Pay for and use your car only when you need it.  Go meet your REALTOR and see that downtown san diego short sale you have been sending emails back and fourth about.  You drove to your destination but feel like a walk back to your downtown san diego condo?  Great, leave the car behind and walk it.  Need to walk 5 blocks to the grocery store but it just started raining?  No problem, hop in your car2.go and stay dry.  Need your car2go but cant see one on the streets in front or behind you?  No problem, open the APP on your smart phone and you will have a laundry list of available cars to choose from.

I could not resist.  I just signed up and received my membership card this week.  I paid a quick one time $30+ membership fee and that’s all it took.  Car2go.com does a quick driving record check.  As long as your record is semi-clean, you are in business.  My membership card arrived several days later.  The moment had arrived:  I needed to travel about 8 blocks across town to Columbia district to view a foreclosure listing.  I walked outside my downtown san diego condo complex and found a car2go waiting for me.  After a quick scan of my new card over the scanner, locks opened.  I punched in my code and I was off to the store.  6 minutes to my destination and .39 a minute, I happily arrived at my destination.  I decided the day was to nice to spend too much time driving so I walked back to my downtown san diego condo.  This service is working perfectly for me.

Car2go and your downtown san diego condo lifestyle just might go hand in hand.  The service has been a huge benefit to me.  Check out their website at car2go.com and see if it might just work for you.

Search Downtown San Diego Condos, Foreclosure Condos, Short Sales, and the Newest Condos Listed for Sale Here.

car2go at la jolla

You CAN purchase a condo at Acqua (Aqua) Vista using financing or a conventional home loan.  Granted, the loan must be for a primary residence or second home (no investment properties) and you must put 20% down payment for primary and %25 down payment for a secondary home purchase.

You CAN also purchase a unit here using Fannie Mae Homepath Financing. In order to use Homepath financing, the condo must be a Fannie Mae owned (foreclosure).  These purchases do NOT require costly appraisals, do NOT require HOA certifications, and only require as little as 3.5% down-payment.  The tricky part is locating and moving quickly on these properties when they list for sale.  Free list of Homepath properties available here.

Please contact me any time for details and a list of lenders that can finance your purchase at Acqua Vista.  Downtown San Diego Real Estate is a complicated Hyper-local Real Estate Market.  Make sure you are working with a downtown high rise condo and downtown mid rise condo expert.

Looking for an expert?  Contact me anytime  CONTACT ME

Not exactly what you are looking for?
Search MLS Listed Downtown Homes, Foreclosure Homes, and Short Sale Homes

Acqua Vista

New Homes and Condos for Sale in Downtown San Diego come to the market every day.  Want to know what was Just Listed in Downtown San Diego?  Simply visit our Downtown San Diego Just Listed Website and take a look.

Our Downtown San Diego Just Listed website is updated daily, so you know you are getting the most up to date accurate info.  Feel free to browse the Just Listed in Downtown San Diego site, take a look at detailed information including photos, and don’t worry about having to register!  Once you find the Downtown San Diego Real Estate you are interested in, pick up the phone and contact the San Diego Real Estate Ladyto make an appointment.

Search Just Listed in Downtown San Diego

Search Just Listed in San Diego

With a Smile,

Yalda Alawi, Realtor

Solutions Real Estate

858 866 9386 – Call Anytime

yalda@SDRELady.com

Looking for Properties For Sale in Downtown San Diego?  It can be annoying, and time consuming, to go through website after website in search of Downtown San Diego Properties For Sale.  Then you have to register just to see pictures, detailed information, or even the address.

Well you don’t have to do that anymore.  You can view all Downtown San Diego Properties For Sale on our easy to use, no registration required, Downtown San Diego Real Estate website.  Updated nightly, you know you will see all the Properties For Sale in Downtown San Diego, just like the real estate agents do.  Find your dream home and then contact our Realtor to schedule a showing today!

Search Downtown San Diego Properties For Sale

Search San Diego Properties For Sale

Yalda Alawi – The San Diego Real Estate Lady

858 866 9386 – Office

yalda@SDRELady.com

www.SanDiegoRealEstateLady.com My Blog

www.HooraySanDiego.com Search San Diego Homes

www.HoorayLaJolla.com Search La Jolla Homes

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]]> http://ladyyalda.wordpress.com/2011/08/06/just-listed-in-downtown-san-diego-downtown-san-diego-just-listed/ Sat, 06 Aug 2011 23:56:03 +0000 Yalda Alawi http://ladyyalda.wordpress.com/2011/08/06/just-listed-in-downtown-san-diego-downtown-san-diego-just-listed/ Just Listed in Downtown San Diego | Downtown San Diego Just Listed

Searching for the newest listings to hit the Downtown San Diego real estate market?  Want to be up to date with homes and condos Just Listed in Downtown San Diego?  Then search no further.  You can view all Downtown San Diego Just Listed properties for sale on our easy to use website, with a few clicks of the mouse.

View detailed information including multiple photos on each property and search just like a real estate agent.  View all Homes Just Listed in Downtown San Diego today!

Pacific Beach Just Listed

University City Just Listed

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Yalda Alawi – The San Diego Real Estate Lady

858 866 9386 – Office

yalda@SDRELady.com

www.SanDiegoRealEstateLady.com My Blog

www.HooraySanDiego.com Search San Diego Homes

www.HoorayLaJolla.com Search La Jolla Homes

www.Facebook.com/SDRELady Find me on Facebook

www.Twitter.com/SanDiegoRELady Tweet Me

www.SaveMeSanDiego.com Avoid Foreclosure/Short Sale Help

www.LadyYalda.com YouTube Channel

Whether you are looking for a simple studio condo, or a luxury multi-level penthouse, you have many options when it comes to Condos For Sale in Downtown San Diego.  Either way you can enjoy all that Downtown San Diego has to offer in urban lifestyles.

View all Downtown San Diego Condos For Sale on our easy to use website – no registration required.  Currently there are 306 Condos for Sale in Downtown San Diego ranging in price from $126,000 to over $5.5 Million.  To schedule a showing contact our San Diego Resident Realtor anytime.

See All San Diego Homes For Sale

Search All  Homes For Sale

Yalda Alawi – The San Diego Real Estate Lady

858 866 9386       – Office

yalda@SDRELady.com

www.SanDiegoRealEstateLady.com My Blog

www.HooraySanDiego.com Search San Diego Homes

www.HoorayLaJolla.com Search La Jolla Homes

www.Facebook.com/SDRELady Find me on Facebook

www.Twitter.com/SanDiegoRELady Tweet Me

www.SaveMeSanDiego.com Avoid Foreclosure/Short Sale Help

www.LadyYalda.com YouTube Channel

Real Estate in Downtown San Diego continues to be extraordinarily popular with property-seekers! It’s easy to understand why, too – there’s plenty to see and do in this beautiful area.  When you buy Downtown San Diego Real Estate you’re close to it all. Enjoy the East Village, offering the best for those seeking the urban lifestyle – just walking distance from Petco Park and a thrilling nightlife.

From sunny beaches to world-class dining establishments, you’ll never be bored enjoying your Real Estate in Downtown San Diego. Right now, there are 291 properties available in Downtown San Diego Real Estate ranging in price from $139,900 to $5.5 Million.  View all Real Estate in Downtown San Diegofrom the comfort of your home on our easy to use no registration required listings website, and then when you are ready to view a home, give the San Diego Real Estate Lady a call.

Search All San Diego Real Estate

Yalda Alawi – The San Diego Real Estate Lady

858 866 9386       – Office

yalda@SDRELady.com

www.SanDiegoRealEstateLady.com My Blog

www.HooraySanDiego.com Search San Diego Homes

www.HoorayLaJolla.com Search La Jolla Homes

www.Facebook.com/SDRELady Find me on Facebook

www.Twitter.com/SanDiegoRELady Tweet Me

www.SaveMeSanDiego.com Avoid Foreclosure/Short Sale Help

www.LadyYalda.com YouTube Channel

The San Diego City Council has approved a $20.9 million plan to stop train horns in downtown San Diego. The train noise that wakes you up in the middle of the night is about to stop.

The noise has been a major concern among Downtown San Diego Condo home owners, Downtown San Diego Loft home owners and residents. The plan includes safety improvements at 13 rail crossings from Laurel Street in the Little Italy District down to Park Blvd. in the East Village/Ballpark District.

To read the Union Tribune’s article click on Council approves downtown ‘quiet zone’ for trains.

To read more about this project click on www.ccdc.com.

“Gaslamp Square Park” is located at Fifth Avenue and K Street in the Gaslamp District in Downtown San Diego. CCDC held a meeting to present multiple options to Downtown San Diego Condo home owners, Downtown San Diego Loft home owners, residents and business owners for renovating the park.

There were three different options presented and the architects received great feedback from the participants who asked for more open spaces, play areas and better community gatherings areas. They also proposed that the architects would incorporate a public art exhibit and a tribute to San Diego’s history as a waterfront community. There will be a meeting held today where the architects are meeting with CCDC to receive the final proposal for this project.

For more info click on CCDC.

It is now decided that the new main Downtown San Diego Library is to break ground next month on a $185 million project.

The new library will be situated in the East Village/Ballpark District in Downtown San Diego, east of the condo community ICON and south of the condo community Metrome. The Library will be just one block east of Petco Park, two blocks south of the new Thomas Jefferson School of Law and two blocks north of the new Harbor Bridge Pedestrian Bridge.

The San Diego City Council voted 6-2 to get the project started under one condition. That a fundrasign campaign will be able to collect the additional $32.5 million needed to finish the library. If this is not meet, the city would either have to use tax payers money or leave the inside unfinished.

More than a year behind schedule, the $26.8 million Harbor Drive Pedestrian Bridge will be one of the nation’s longest self-anchored pedestrian suspension bridges. The main problem that delayed the construction were that it was built 7 percent heavier, requiring recalibration of the cables that will hold it up. The delay has been very frustrating and council man Jerry Sanders says “It should have been finished by now.”

The bridge will span across Harbor Drive at Park Boulevard and will bring to life the vision of linking Balboa Park and the San Diego Bay.

The bridge will also allow the reopening of Harbor Drive at Park Boulevard to vehicular traffic.

The bridge’s unique design will include:
• 500-foot curved span
• 130-foot center angled pylon
• 16-foot-wide by 3-foot-thick concrete deck, 25 feet above Harbor Drive
• Stainless steel-wrapped suspension cable railing
• Enhanced lighting above and below bridge deck and on center pylon
• Landscaped plazas on north and south sides.

A total of 136 Downtown San Diego Condos and Downtown San Diego Lofts were sold during May 2010. This is the most sales Downtown San Diego has had lately, even since before 2008 with the exception of the Developer sales in Bayside located in the Columbia District.
The Developer sales are still leading the way with 52 units sold, Resales and Short Sales both have 29 unit sold and REO/Bank owned has 26 units sold.

A total of 103 units were sold during this month and as we mentioned in a former blog the developer sales are decreasing. If we compare the numbers of the first quarter of 2010, the New Home/Developer sales are slowly getting slimmer with a 2% drop down to 39% of the market where Park Terrace, The Mark, Sapphire and Bayside were a huge impact. Slightly thereafter are Resale’s with 25% of the market, Bank Owned with 20% and Short Sales with 16%.

Sales have been boosted in San Diego as rates have reached their lowest point since last summer and the fall off of inventory changes many buyers’ perspectives. The uncertainty that slowed sales over the traditionally hot summer season has waned in the last few months, giving buyers confidence to make purchases.

Builder incentives, in addition to the renewed confidence, has certainly been a factor in keeping the Downtown market flourishing. Many builders are offering closing cost assitance, upgrade packages and/ or 6 months to a year without HOA payments.

San Diego is ending the year on a high note, looking forward to solid year in real estate for 2007.

Smart Corner, set for completion in summer 2007 offers new East Village condo units with city views, freeway access, on site trolley access, and first floor retail space. Petco is a 10 minute walk as is Balboa Park. Homes start in the in the mid two’s with relatively modest HOA dues. Phone, cable and high speed internet are included in the Homeowner dues. Hmm…Too bad they couldn’t strike a deal with Sempra…. 

Downtown’s highest roof-top sun deck with spa, BBQ and wet bar are at some Smart Corner claims to fame. Design elements include everything you would come to expect from a new downtown development. Underground parking is available if you are not yet green enough to ditch your car in favor of the trolley.