HomeReach.com REALTORS run the statistics for every zip code in every area of San Diego every month! This gives us an unrivaled edge in evaluating the market and understanding how the San Diego market is doing. In May 2008, Downtown San Diego, experienced yet again another surge in condo sales. Little Italy SOLD 30% of all the condo sales in Downtown San Diego. Real estate is all about location. The Little Italy and Marina District’s have been the most popular in recent months. This is because real estate values here have been highly speculated to rise in the coming years. Being the only bay front metropolitan areas in all San Diego county gives them the advantage and the prices to live here reflect that. There is a high demand for people who want to be bayside and also live in a Downtown cosmopolitan environment, where you can walk to work, groceries, shopping, restaurants, entertainment, bars, movies, nightclubs, the bay, or hop on a trolley and go anywhere up the coast and through San Diego County!
Don’t be fooled by the Columbia District’s Sales statistics this month. There are only 4 buildings in that district: The Grande North and South Towers, Treo, and the all new Electra by Bosa. Electra is San Diego’s tallest residential tower, soaring over 40 stories high above the San Diego Bay with views to Downtown, Coronado Bridge, the Coronado Island, Point Loma, the naval base, the marina, harbor, and San Diego International Airport, Mission Hills, and Balboa Park. It is truly prime!
The Gaslamp district doesn’t have too many residential condo buildings either, although there are some new developments happening there soon, and a few rental complexes developed by Oliver McMillan are set to be completed over the summer, ready to supply the market with the high demand for rental units in Downtown San Diego.