Here’s a good look at Downtown’s 8 districts: Marina District, Little Italy, Columbia District, Gaslamp District, East Village, Cortez Hill, the business Core district and the Ballpark District.
The most important words in Real Estate are Location, Location & Location! That’s why HomeReach.com delivers the most up-to-date news and info with our state of the art website, podcast, and other channels of information that get the info to you efficiently and well communicated so you can understand what the REALTORS understand!
In April, condo sales jumped 58% from January, as the last post went into more detail with. In this San Diego Real Estate post on the Downtown Condo and Home markets, we’d like to share with you the Sales Statistics by Area. Downtown is comprised of 8 districts, each with their own character, unique tastes, and separate advantages.
Take a look at April’s Sales Statistics for Downtown San Diego by district/area:
The Marina District of Downtown San Diego blew away the other districts in April. Being the most upscale and expensive district, it’s no secret why. The wealthiest of the bunch were not as affected by the credit crunch last year and still have a lot of their buying power. With the San Diego Downtown Real Estate market bottoming out, they have come out from hiding and want to start buying the best of the real estate condos that are available before everyone starts buying condos and homes again too. Investors and the wealthy are always the first to act, and then everyone follows closely behind. East Village and Little Italy tied for 2nd place with 16% of the market sales each. Little Italy is quickly becoming one of the hottest destinations in San Diego because it’s part of downtown, but has a neighborhood feel no other downtown district can compete with. East Village is popular due to its proximity to the Petco Park stadium and the Gaslamp, where all the partying goes on. It’s no wonder why this is such a popular district too. Cortez Hill, The Gaslamp District, Banker’s Hill and the Columbia District sold some great units as well. The Gaslamp has more commercial real estate than residential so they can’t sell as much as some of the other districts. The Columbia district only houses 2 residential complexes, The Grande, and Treo, which both sold a few units in April 2008.
Marina District’s Prestigious Real Estate Homes & Condos in Downtown San Diego.
Marina District’s Premier Condo Towers
The Pinnacle Tower
The Marina District ————>>>
As you can see, this premier corner nestles some of San Diego’s most expensive property. High rises in this area enjoy stunning views of The Coronado Bridge and Coronado Island, as well as spanning views of the San Diego bay, San Diego harbor, the San Diego International Airport and beautiful Point Loma. You can even see past Coronado Island and see the endless Pacific Ocean and gorgious sunsets.
The numbers are looking better and better with every month for the Downtown San Diego Real Estate Market.
In January, 36 condo units were SOLD in Downtown San Diego. February was even better with 41 Condo sales, and March stepped up a little to 42 condo sales. But in April, a staggering 57 units were SOLD in Downtown San Diego.
That’s a 58% increase in sales activity since January!!! This is coupled with an 18% DECREASE in the Average Days on Market that a condo sits on the market before selling, effective Year To Date. So this means that San Diego Condo Real Estate is selling 18% faster than a year ago, at lower prices, better interest rates, and signs that the bottom is here!!
The Marina District SOLD 30% of all condos this month with East Village and Little Italy selling 16% each, Columbia District sold 12%, Gaslamp sold 10% following by Banker’s Hill and Cortez Hill.
In other recent months, Little Italy has taken the lead in condo sales, but these 7 districts together represent the Downtown San Diego Zip Code 92101.
In the last 6 months, Downtown San Diego SOLD more than any other zip code in the County!!
Click on Map for Larger Image. Downtown San Diego is made up of 8 districts. The Marina District, the Corea Area, Cortez Hill, Columbia District, Little Italy, Gaslamp, East Village and the Horton Gaslamp area. This real estate map shows you where districts start and stop in downtown San Diego, but the truth is, the city is not that big at all. You can walk through many districts in a matter of minutes, and you can certainly walk end to end in 30 min or less. Want a tour of Downtown San Diego? Ask one of our real estate experts and we’ll show you around.
When you think Real Estate, the most important term in determining value is Location. That’s why we repeat it 3 times! Location, Location Location!!!
And when you think Location in Downtown San Diego, the Marina District echoes back. That’s right. The Marina District sits on top of some of San Diego’s top Real Estate land value. Sitting on the corner of the bay, home owners in the Marina District enjoy spanning views of the Coronado Bridge, Point Loma, Seaport Village, the San Diego Harbor, the Airport, and the convention center. Then when they look the other way, they see the gorgeous skyline of beautiful San Diego Real Estate. The Marina District is comfortably cushioned between Horton’s Gaslamp District, East Village, including the Petco Park stadium, and of course, the glistening bay. The Marina District is by far the most prestigious location in downtown San Diego, and for home buyers or sellers, moving into this prime real estate comes with pride of ownership. At HomeReach.com, we have a specialist for every zip code. For listings or more information on the Marina District, or for general real estate questions or advice when it comes to buying or investing in San Diego, contact one of our REALTORs. We’re here to help.