Welcome to San Diego Blog | March 1, 2010
San Diego Condo Sales Trends 2010
Sales of Downtown San Diego Condos for the Month of January 2010 distinguished by Neighborhood and by the particular type of sale.
East Village Condo & Loft Sales Leading the Pack
This graph shows clearly shows that the most action in Dowtown San Diego is taking place in the East Village ball park neighborhood. Developer sales are leading the pack with the most sales in the East Village taking place at The Mark San Diego condos followed by Park Terrace Condos and The Legend San Diego Condos.
Opportunities abound in the Downtown San Diego Condo Market
The Mark condos have been experienceing a high number of sales because the location is great with unobstructed views into Petco Park from most residences on the 13th floor and above. Park Terrace is almost sold out and has been successful in making sales because the condos are priced aggresively from the low $300’s to the low $500’s and also enjoy a great location. The Legend only has a handful of developer sales left and is a great building with some of the hottest ammenities with exciting views into the Padres ball park.
The East village has the second highest number of Bank Owned Foreclosure opportunites of any downtown San Diego neighborhood. We have seen a good number of these Downtown San Diego Foreclosure properties in Metrome Condos, Parkloft San Diego Condos and Alta San Diego Condos.
Columbia District Condo Sales a distant Second in Sales Activity
The Columbia neighborhood condo sales are being led by Bayside San Diego condos and are closely being followed by Sapphire Tower San Diego Condos. Breeza has had very slow sales progress and has still not aligned prices to the current market conditions.
Bank owned foreclosure condos in the Columbia Neighborhood have been at Treo San Diego Condos and also The Grande San Diego Condos. There are a large number of short sale opportunities at the Grande and a number of these will actually end up being bank owned properties before the summer.
The Gaslamp has experienced a high number of Foreclosure sales in buildings like Gaslamp City Square because it was sold by the developer at the peak of the market and values have dropped from 30-45% depending on the particular floorplan. There are still some great bank owned opportunites for investors or folks looking for a great vacation home.
For more information on great investment opportunities or second homes, just send us and email or give us a call to start a conversation about San Diego Real Estate.
619-309-8011 or Chad@DanneckerAndAssociates.com