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 Continue…
Fannie, Freddie scrap declining-market label
Condos, Lofts and Penthouses for Sale
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 Continue…
downtown-san-diego-real-estate/the-future-of-the-downtown-condominium-market/166/ We know no other condominium projects that will break ground in the next year. As high-rise projects require two years to complete, we do not anticipate the completion of any new high-rise projects until atleast 2011 or possibly 2012. There are two factors that impact the future supply of condominiums downtown: First is the Continue…
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 Continue…
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 Continue…
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 Continue…
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, Continue…
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 Continue…