Archive for July, 2007
San Diego County Sales Statistics: June
Filed Under categories: Real Estate News, Real Estate Stats
posted by Kea on July 27th, 2007
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This chart displays the number of sales and median sales price and represents a comparison between May and June of this year to May and June of 2006. Year to Date statistics are represented by the acronym YTD.
Mixed Messages?
Filed Under categories: Buying, Downtown, News You Can Use, Real Estate News, Selling
posted by Raye on July 26th, 2007
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July 17, 2007 Union Tribune Article ‘
Housing Prices In County Hold Their Own – June Sales Volume Is Lowest Since 1997’
Seems like the public is receiving a daily onslaught of real estate and economic news that often contradicts, overlaps and confuses just about everyone. Sorting fact from fiction often depends on which paper and/or reporter you want to believe. Some analysts are known for their predisposition to interpret statistics and data into an optimistic forecast while others will take the same information and use it as the final nail in the coffin.
Is the glass half empty or half full? Is the real estate market still dying a slow death or is it poised to cautiously rebound?
Well, I guess it depends on who you talk to, what you want to believe and if you are reading the lines or in between them. The truth is none of us, not even the experts, know for certain when and where the bottom is until we look back at it. And, none of us can accurately predict when the rise in values will begin again. Read the following article and decide for yourself if overall, the state of the market, while not as good as it used to be, isn’t as bad as it could be and perhaps, the worst is behind us.
Click here to read more from the San Diego Union Tribune Article: Housing Prices In County Hold Their Ground, June Sales Volume Is Lowest Since 1997
Click here to view San Diego Housing Price Tracker
Anthology: San Diego’s newest Jazz/Supper Club
Filed Under categories: Downtown, Little Italy, News You Can Use, Restaurant Review
posted by Raye on July 25th, 2007
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Something special has emerged in San Diego. More specifically, something special and exciting has been unveiled in Little Italy downtown and word is spreading fast. This new jazz/supper club is not only visually beautiful, but brings a whole new level of sophistication to the San Diego music scene. Howard Berkson, developer and music aficionado, started with a warehouse on India Street and a vision. The developer side of him built six stories of office condos which are 80% sold. The music lover pursued his dream and created Anthology.
North Embarcadero Visionary Plan Meeting
Filed Under categories: Columbia District, Core, Downtown, Little Italy, Marina District, News You Can Use, Real Estate News
posted by Kea on July 24th, 2007
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Thursday, July 26, 2007, 2:00 pm
Where: Port of San Diego Administration Building, 3165 Pacific Highway
Agenda includes presentations for Lane Field, Irvine, Bosa and Navy Broadway Complex and information about the Broadway and B Street Pier projects.
Click here to view the full agenda and additional information.
Featured Home: Heart of the Marina District
Filed Under categories: Downtown, Featured Home, Gaslamp Quarter/ Horton, Marina District, News You Can Use
posted by Kea on July 20th, 2007
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235 On Market, 235 Market Street #501, San Diego, CA 92101
2 bedrooms+den / 2 bathrooms
$625,000
Almost too good to be true! Light and bright corner unit with 2 bedrooms, den, granite counters, two-way blinds, California closets and 2 balconies! Walk to Petco Park, Gaslamp, Horton Plaza. Added bonus: 2 side-by-side parking spaces. This one has it all!
Click here to view a virtual tour
Click here to view additional information on this property
Core
Filed Under categories: Core, Downtown, News You Can Use
posted by Kea on July 18th, 2007
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The Core is the center of San Diego’s downtown business, government and office district.
Located in this area are the city’s major arts venues including Symphony Hall, the Civic Theatre and the 1926 California Theatre which is undergoing a major redevelopment and will re-open in 2007. Several historic buildings are being restored in this area and new residential, retail and commercial space is being planned. Public parking, always at a premium in an urban environment is also being added to many of the mixed use properties.
Columbia District
Filed Under categories: Columbia District, Downtown, News You Can Use
posted by Raye on July 18th, 2007
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Newly emerging, this area encompasses a prime waterfront location and includes downtown’s major street, Broadway and its signature and namesake pier. The waterfront extends from the airport at Lindbergh Field and culminates at Seaport Village. Most of this area is scheduled for redevelopment under the North Embarcadero Visionary Plan which will incorporate a pedestrian esplanade, landscaping and activity areas.
This area is also home to the U.S.S. Midway, a permanent maritime museum and active tourist and local destination. Until recently, this area was primarily commercial projects, but now several residential developments have been completed and more are on the way.
Downtown San Diego Neighborhoods
Filed Under categories: Columbia District, Core, Cortez Hill, Downtown, East Village, Gaslamp Quarter/ Horton, Little Italy, Marina District, News You Can Use
posted by Raye on July 17th, 2007
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The redevelopment and revitalization of San Diego’s downtown neighborhoods is quickly becoming a west coast phenomenon
Emerging as a world-class Pacific Rim city, the skyline is changing rapidly and incorporating soaring new high-rises amidst colorful and historic treasures from the city’s early beginnings. Without much argument, San Diego enjoys the best weather in the country year round. Ask anyone who lives or visits here to verify that fact. Besides the weather, a World Class Zoo, beaches and Balboa Park museums to enjoy, there are endless varieties of sports and activities for every interest.
Today there are eight separate districts in this 2.2 square mile downtown, each with a separate and distinctive charm. From Cortez Hill with stunning views of city and bay to the newly emerging Columbia District on the North Embarcadero there are many diverse and exciting areas to explore.
Advantages of using a Downtown Realtor
Filed Under categories: Buying, Columbia District, Core, Cortez Hill, Downtown, East Village, Gaslamp Quarter/ Horton, Little Italy, Marina District, News You Can Use, Real Estate News, Selling
posted by Raye on July 16th, 2007
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At the risk of angering some of my colleagues with this article, I’m going to go out on a limb here and state my case which ultimately, will show the benefits to all parties – buyers, sellers and agents. Downtown San Diego is quickly becoming a national and international destination. People are relocating here for work, retirement, second, third and fourth homes and demand is stimulating the growth. That growth translates into high rises that are rapidly changing the skyline. Views today – maybe not tomorrow.
Being informed and up to date on proposed projects and approved projects and their impact on existing high rises is of critical importance. Buyers need to know before making an offer what their view is going to look like two, three, five, ten years from now. This is a disclosure like any other disclosure in real estate. More than once, I have heard an out of area agent dispensing inaccurate information. My dilemma becomes, “Should I correct them and risk offending or say nothing and both of us face a future lawsuit for failure to disclose pertinent information?”
So, You want to wait 6 months to buy???
Filed Under categories: Buying, Downtown, News You Can Use, Real Estate News, Selling
posted by Raye on July 15th, 2007
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Boy, if I had a dollar for every time we have heard that line, I should be able to retire when they all close escrow. But, Buyers have been saying that for about 18 to 24 months. They keep renewing that six month pledge. I have also heard several times the very lovely phrase, “I’m going to wait until I see blood running in the streets.” I understand the thought process and everyone wants “a deal” but, so many of the Buyers we have talked with over the last few years should be living in and enjoying the property they pulled back on. Prices have stayed relatively flat.
Interest rates have ticked up. How much savings could they have realized in interest deduction? How much more are they going to pay for the mortgage today versus 18 months ago? Unless they are buying with the intention of flipping in a year or two (which makes no sense anymore), is it really worth trying to time a market to possibly, not assuredly, save money when 5 years from now that potential savings will be the last thing you remember?