Category Archives: May 2008

Fannie, Freddie scrap declining-market label

downtown-san-diego-real-estate/fannie-freddie-scrap-declining-market-label/180/ All properties in 92101, previously considered as being geographically located in a declining market since last December by Fannie Mae [1] and Freddie Mac [2], will no longer be stymied with this stigma. What does this mean for you? If you happen to be shopping for a downtown condo, your lender will no longer… Read More

Builders looking to infill

downtown-san-diego-real-estate-market-analysis/builders-looking-to-infill/175/ So with the state of the market comes the downsizing of a lot of developers. Within this comes the fact that a lot of the developers that were here in the past aren’t going to come back when the market corrects again. Today’s paper has an article regarding this. It speaks of how urban… Read More

Housing Crisis Over??

downtown-san-diego-real-estate/housing-crisis-over/177/ The Title of the Wall Street Journal Article is The Housing Crisis is Over. Could this actually be? A well respected national publication is suggesting that there is actually something positive on the horizon for Home Sales in the United States. Well, things are not that easy. I am positive that this topic will… Read More

Attention Entreprenuers

downtown-san-diego-urban-lifestyle/attention-entreprenuers/170/ I have lived down for a while now, and worked down here even longer. Today was the very first day that i realized something. There isn’t a single place to get a good breakfast burrito in the East Villages Ballpark area. If you have the notion to open a place to eat down here-… Read More

Inventory of New Units

downtown-san-diego-real-estate/inventory-of-new-units/156/ Currently, if you were to look at the toatl availability of unsold unit downtown that are in buildings that are either completed or under construction, the total would be 1,696 units. Of that total, 694, or 40% are units in the buildings that are under construction and won’t be delivered untill 2009. Another 176… Read More

New condominium Sales

downtown-san-diego-real-estate/new-condominium-sales/154/ The downtown new condominium market was highly active in the 2002 through 2006 period when there were several dozen projects offered for sale. In 2007, with most of those projects complete, sales slowed dramatically. To date this year, 62 condominium units have been sold in newly completed buildings and buildings under construction. Part of… Read More

Foreclosure Activity

downtown-san-diego-real-estate/foreclosure-activity/152/ Dataquick has released its first quarter 2008 figures for downtown SanDiego. In that period, there were 121 sales, 36 of which, or 29.8%, were foreclosure sales. The foreclosures represent 4/10th of one percent of the downtown inventory. Most of the foreclosures were in the lesser-priced projects, averging $385,000. The foreclosure sales were generally in… Read More

Downtown condominium Resale Market

downtown-san-diego-real-estate/downtown-condominium-resale-market/148/ The downtown resale market continues to be relatively steady. Ignoring the highly unusual year of 2005, resale condominiums downtown have averaged more than 40 sales per month in the 2003 through 2007 period. These tabulations do not include sales by developers. Notably, sales countrywide have fallen almost 50% in the 2003 to 2007 period,… Read More

The Recent History of Downtown San Diego

downtown-san-diego-real-estate/the-recent-history-of-downtown-san-diego/144/ Since 2000, downtown San Diego has seen the development of two major office buildings, more than 6,000 new condominium units, 3,000 new apartment units and 3,700 hotel rooms, and, of course, Petco Park, the key anchor of the East Village… Today, there are more than 30,000 persons living downtown and more than 75,000 persons… Read More

Old Police Headquarters Conversion

downtown-san-diego-real-estate/old-police-headquarters-conversion/169/ San Diego’s Old Police Headquarters resides at 801 W. Harbor Drive in downtown…right across from Seaport Village. The old Police Headquarters closed in 1987 and has been abandoned and neglected ever since. Slated for sometime this summer, the old police headquarters will be receiving some love and will be transformed into a public market… Read More