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By Pete in with 0 Comments
downtown-san-diego-urban-lifestyle/foodie-blog-the-corner/179/ To take an exerpt from Common’s hit, “the Corner”… “The Corner was our Rock of Gibraltar, our Stonehenge, Our Taj Mahal, our monument, our testimonial to freedom, to peace, to love, down on the Corner”… the only part they left out in there was how awesome the burgers are. Bacon cheeseburger? Mmmmmmmm… the basic Continue…
By Mike in with 0 Comments
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…
By Pete in with 0 Comments
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 Continue…
By Mike in with 0 Comments
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…
By Pete in with 0 Comments
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- Continue…
By Mike in with 0 Comments
downtown-san-diego-real-estate/tour-our-office/172/ View a brief tour of our office here at 92101 Urban Living, and hear what we’re all about. Keep checking back as we will be posting more videos on properties, downtown neighborhoods and more!
By Mike in with 0 Comments
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 Continue…
By Mike in with 0 Comments
downtown-san-diego-urban-lifestyle/4th-annual-healing-arts-fesitval/168/ Sunday May 4th at Park Blvd. & President’s Way in Balboa Park will be the 4th Annual Healing Arts Festival. This weekend is gearing up to be another gorgeous SD weekend, and what better way to spend it than in Balboa Park, checking out the latest in Healing Arts, and listening to tons of Continue…
By Mike in with 0 Comments
downtown-san-diego-urban-lifestyle/red-bull-airraces-this-weekend/167/ We are heading into yet another beautiful, sunny weekend here in downtown San Diego, and as usual, with no lack of things to do. The Redbull Airraces should not be missed!’The Red Bull Air Race World Series features the worlds best pilots in a motor sports competition based on speed, precision and skill. Using Continue…
By Pete in with 0 Comments
downtown-san-diego-real-estate/how-many-languages-should-this-be-written-in/143/ I appreciate people saying to me that they are waiting for the market to bottom out. I understand that. But here is something to contemplate. There will be nothing new delivered between now and 2012. It is going to cost $200 per square foot more to build than it did when all this was Continue…
By Mike in with 0 Comments
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…
By Mike in with 0 Comments
downtown-san-diego-real-estate/inventory-of-new-condominium-units-for-sale-2008-2001/163/ As noted above, there are only four condominium projects under construction downtown: Vantage Pointe in the East Village and Bayside, Breeza and Sapphire at the Embarcedero. Those projects will be completed in 2009. After that there will be no delivery of new units, recently completed or conversion projects.
By Mike in with 0 Comments
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…
By Mike in with 0 Comments
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…
By Mike in with 0 Comments
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…
By Mike in with 0 Comments
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…
By Mike in with 0 Comments
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…
By Mike in with 0 Comments
downtown-san-diego-real-estate/ballpark-village-updates/142/ The Balpark District Redevelopment project represents the last and perhaps most important phase in the revitalization of Downtown San Diego. This revitalization program consists of more than $1 billion in private residential, hotel, office and retail development. The Ballpark Village is the parcel of property of “superblocks” on the south side of the ballpark. Continue…
By Mike in with 0 Comments
Title: Q1 2008 Buying Trends nosing up in Downtown San Diego A little more than a week ago, I was walking down 10th Ave behind an overconfident baseball fan of the visiting team at Petco Park. They pointed to a FOR SALE sign and commented on how San Diego was a distressed and struggling real Continue…
top-ten-92101-blogs/myth-3-we-havent-hit-the-bottom-yet-the-best-pricing-is-yet-to-come/123/ Myth #3: We haven’t reached the bottom yet, the best pricing is yet to come… Hi Sports fans! Here is some news to stoke the conversation around the water cooler. Does anyone stand around a water cooler anymore? I saw an episode of The Office where Dwight moved the water cooler to be right Continue…