Currently listed at $300k, a spacious one bedroom unit (961 sq ft) has been approved for short sale (hint: very, very close to list price) in the Columbia District’s luxury highrise Electra. This one is ready to close – and it will be a fantastic bargain for a building with high-end amenities in such a spectacular location.
Call or email for more specifics!
(700 E Street #305)
Cortez Hill’s Aria building (1441 Ninth Avenue) now offers FHA and VA financing. This is a great opportunity for buyers, as Aria is currently the only Cortez Hill development built post-2000 that can extend these types of financing without the buyer applying for individual unit approval (i.e., “spot approvals”). FHA loans require a 3.5% down payment, while VA loans can fund to 100%. Aria still has a lot of very competitively priced 1-, 2-, and 3-bedroom view units available with all the amenities one would expect from a building of its caliber.
It’s official. Vantage Pointe has refunded deposits to buyers and is changing the way they approach selling the development. Buyers were unable to secure financing since the lending laws require that 70 percent of the units in a development be presold. The largest San Diego condo project has been 4 years in the planning, and now needs to revamp their plans.
The project now will be divided into five phases, so that each phase can easily secure the number of presales necessary for loans.
Vantage Pointe will re open to the public with new pricing, new amenities, and increased buyer interest. Incentives are in the works for current buyers who will be given the option to repurchase.
Meantime, San Diego condo buyers who have waited up to four years, can now consider other homes. Neighboring Sapphire Tower, Bayside at the Embarcadero, and Electra might be good choices.
Call me to tour these San Diego condos.
In San Diego, Market Street is a major destination. Conveniently it is a major thoroughfare, and one which works well with residential and mixed use development near the water. Upscale dining, shopping and amenities for everyday living are here.
Take a look at some of the spectacular San Diego Condos that line Market Street:
Atria on Market
Pinnacle Museum Tower
Renaissance
Cityfront Terrace
Columbia Place
Watermark
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The breathtaking San Diego scenery and the excitement of “the world’s best ballpark in America’s finest city” can be in your neighborhood if you live in San Diego condos in the Petco Park area. Located adjacent to the San Diego Convention Center and area hotels, the Petco Park neighborhood is vibrant, contemporary, and full of great place to live and fun things to do. The home of the San Diego Padres is arguably in one of the most beautiful locations in the world.
Highrises that surround Petco Park include the following:
The Legend
Diamond Terrace
Metronome
Icon
Park Terrace
These San Diego condo towers have some of the most spectacular views in the world, and feature the finest luxury living amenities. All this and the Padres baseball too. Who could ask for more?
Call us to tour these fantastic San Diego condo homes.
We’ve been watching the setup for the Red Bull Air Races that are returning to downtown San Diego for the third consecutive year this weekend (May 9 and 10). The Air Races are held over water in the San Diego Bay. Pilots race aerobatic prop planes in speeds over 250 mph (individually against the clock, of course!) in a preset configuration through 6-story high inflatable obstacles known as “Air Gates,” which will be anchored to floating platforms in the Bay. There are three types of Air Gate which determine the maneuver the pilot must execute–blue gates are crossed in level flight, red gates in vertical flight (at specified right or left angles) and slalom gates with a weaving motion. Time penalties are issued for incorrect maneuvers (2 seconds) or touching the Air Gates (6 seconds), which are specially designed to collapse on impact. Because the Air Gates are constructed as a cone in 6 separate pieces held together with zippers and velcro, they are easily repaired if damaged by the Red Bull “Air Gators” course personnel.
The Embarcadero Marina Parks North and South will be the ticketed viewing areas for the races. Our admittedly brief investigation determined single-day tickets are $24 for Saturday. Of course, we won’t pay that much! Luckily, since the races are held about 6 stories above the Bay, they’re viewable from many other Downtown San Diego locations. Condo residents with roof decks can enjoy bbq and drinks with neighbors while watching the races–without crowds.
Other options we’re considering include:
Seaport Village: right by the Embarcadero and on the water. Probably unobstructed viewing. Expect large crowds.
Back of the Convention Center: the Convention Center terraces are about 4 stories above the Embarcadero. Might be heavy security to keep people moving so the Center remains accessible. Expect large crowds.
The Gaslamp Marriott (660 K Street) is ahead of the curve and the only hotel advertising viewing for the Races at its open-air Altitude Sky Bar on the 22nd floor…with NO cover! Doors open 11:30 am Saturday and 10:30 am Sunday. Altitude has a great view into Petco Park and usually has a DJ. Expect to spend about what you would’ve on tickets to the event, but for food and drink.
The Top of the Hyatt bar on the 40th floor of the Manchester Grand Hyatt (One Market Street) should have an impressive view from above the event. Space on the Southeast windows will be at a real premium, though. Disclaimer: Top of the Hyatt opens at 3 pm, so it’s probably only a good bet for stragglers. They will allow children before 8 pm.
One last locale we’re curious about is the new Hilton Bayfront (One Park Blvd). Its Odysea bar has outdoor seating on the Bay that should have an excellent view, albeit from the Race’s end as opposed to the side. Caveat: Odysea opens at 3 pm, too.
Parking downtown this weekend for the Air Races will probably be difficult. The Trolley will be a good bet to arrive cheaply and on time. The MTS Trolleys are running Special Event Service from Qualcomm, Old Town, and the Santa Fe Depots. Qualcomm has plenty of free parking, and the MTS Family Weekend Promo allows 2 children 12 and under to ride free with every paying adult. If you plan to arrive via trolley, you will want to take it to the Convention Center station, then walk to your viewing destination as outlined above.
While the general idea about San Diego condominiums is that there are too many of them, investors have been buying them for rentals – and in San Diego, that appears to be a good thing. San Diego’s rental homes have a 95 percent occupancy rate, and rents are expected to increase by at least another one percent over the next two years.
San Diego’s 8.8% unemployment rate is only slightly higher than the national average. We have strong employment in technology, universities, and the military. While people rent a San Diego condominium, investors maintain a cash flow and build equity.
Here are some buildings that are good opportunities for San Diego condominium investors:
Aloft on Cortez Hill
Aqua Vista
Diamond Terrace
Discovery
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Little Italy in San Diego is one of the most popular spots in the city. Little Italy is known for restaurants, great markets and specialty food stores, a convenient location, and it is one of the most affordable areas in San Diego for the quality of the building and residence.
The Taste of Little Italy festival will take place on May 27, with over 20 restaurants participating. Tickets are on sale now.
Take a look at San Diego Little Italy condos here:
Village Walk
Aqua Vista
La Vita
Palermo
Portico
Porto Siena
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San Diego Lofts are a very popular option for urban California living. Many lofts combine a work/life concept, very popular with artists and creative retailers. With work/life living in a San Diego loft, you eliminate the need for a commute, and you live, work and play in one central location, convenient to area attractions and highways.
Take a look at these San Diego Lofts – enjoy the spectacular views and the modern flowing design. Call us to see any of these San Diego Lofts today.
Island Lofts
M2i
Palermo
Park Loft
Smart Corner
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Spurred on by California’s 10,000 tax credit and the national $8000 credit, buyers are showing up to take advantage of bargains in the San Diego area.
The market still has a way to go, but with the glut of foreclosures on the market, buyers are looking for deals in the top San Diego neighborhoods of Hillcrest, Mission Hills, and Ocean Beach. The volume of downtown San Diego condos still is very high, which means more flexibility for the buyer.
Take a look at the opportunities in Downtown San Diego Condos here:
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Foreclosures are on many people’s minds lately. Since the Federal Government has offered incentives to lenders to restructure people’s loans, local and state governments are encouraging home owners to seek help sooner rather than later and work with their lender to avoid foreclosure. Help includes restructuring loans, and the purchase of homes by municipalities and non profits.
Foreclosure is the last stop on the money crisis train for home owners. Once a home is foreclosed, the lender really does not want to own it. This is why for the savvy buyer, these homes can be a great deal.
San Diego foreclosures are no longer just in risky neighborhoods. The foreclosure crisis has hit all sorts of homes in all types of areas. Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor. If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.
How do you find pre-foreclosure opportunities? By searching for them on our site! Our partnership with RealtyTrac enables you to search all San Diego foreclosure listings. Pre-foreclosures, foreclosure auctions, and bank owned properties are all at your fingertips on our site, and we can help you make sense of the entire process. We can also assist you with obtaining financing. Contact us today to learn more about San Diego foreclosure opportunities.
San Diego lofts are a popular lifestyle choice right now. Whether built brand new, or converted from formerly commercial and industrial space, the convenient locations, ample space, soaring ceilings and light pouring in through large windows make an attractive choice, and are a magnet for urban designers.
Village Walk features lofts and condos that are influenced by the style of Italy. Conveniently located near the waterfront, elegant shops and area attractions, residents at Village walk enjoy a peaceful interior courtyard, a fitness center, and many outdoor piazzas to enjoy as common areas. Village Walk is close to Little Italy, and these San Diego lofts have a great community atmosphere.
Call us to tour Village Walk and remember, with CondoDomain, we give you money back at closing.
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