Archive for February, 2008
San Diego County Sales Statistics: December
Filed Under categories: News You Can Use, Real Estate Stats
posted by Kea on February 29th, 2008
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This chart displays the number of sales and median sales price and represents a comparison between December 2006 and December 2007 and January 2007 and January 2008. Year to Date statistics are represented by the acronym YTD.
New Kid On The Block, Electra
Filed Under categories: Columbia District, Downtown, News You Can Use, Real Estate News
posted by Raye on February 27th, 2008
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Click here to view all properties for sale at Electra
Well, the neighborhood is expanding. Electra, Bosa’s newest high rise in San Diego is open and new owners are moving in daily. This 43 story residential high rise combines the historical legacy of the 1911 San Diego Gas & Electric facility with a contemporary and sleek residential tower. This newest addition to the Columbia District in downtown San Diego is creating quite a buzz because of the elegant and unique Conservatory, beautiful lobby and amenities and the variety of floor plans offering views and state of the art appliances and finishes.
The Electra was first offered for sale in January of 2005 when the real estate market was on fire. Since then, as every one with a pulse knows, there have been some changes in the market and speculators who purchased in Electra hoping for big returns by flipping at the close are extremely disappointed. But, bad news for sellers means good news for buyers. There is a vast assortment of units already being offered for resale and prices reflect motivation and, sometimes, desperation. It will take at least six months or longer for the inventory to be absorbed and pricing to settle down. But, keep in mind, there will be no more new product until Bosa’s Bayside project is finished in 2009. So, the Marina District and Columbia District have this one new project to promote. And, remember, the Columbia District is just beginning. Once this district is fully developed according to city and Port District approved plans over the next 10 years, it will be one of the most beautiful and desirable waterfronts in America.