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The summer is almost over, and thought this would be a good time to post a blog on the state of the Downtown San Diego Condo market.   Things in Downtown San Diego Real estate continue to be stable and positive.  In fact, aside from the interest rates going down to promote more activity, the report is much the same from our early summer update post in July.  As we approach the last week in August, 58 Downtown condos have gone into Pending status.  This is a healthy sign that activity is still good, and a slight increase from earlier this summer.  Currently there are 272 Active Downtown Condos.  Here is how the current Inventory of Downtown San Diego condos is broken down:

21 Downtown Condos and Lofts Under $300k

91 Downtown Condos and Lofts Between $300k and $500k

118 Downtown Condos and Lofts Between $500k and $1MM

44 Downtown Condos and Lofts Over the $1MM Price Point

Interest rates dropped again this week.  Even though the national economy and the national housing market show signs of stability, there is interest in promoting more growth.  Favorable financing terms and longer market times provide buyers with a good window to consider the purchase of a Downtown San Diego Condo.   Any investor or buyer who has an interest in buying should consider this a good time before interest rates go back up and inventory falls seasonally following the buying season.

3.95% for a 30 Year Fixed

3% for a 15 Year Fixed

3.625% for a FHA Loan

3.875% for a Jumbo 30 Year Fixed