Going…Going…Gone!!! Let’s Discuss Downtown’s Condo Inventory
Posted by Ana Gramling | Visited 1479 times, 1 so far today | Currently 1 Comment »
So, have you said to yourself…”I’m thinking of buying a downtown condo”? WAIT NO LONGER !!!
New home inventory may not be available much longer as no new building permits have been issued and are not expected to be issued for the near future. The downtown new condo product is being aggressively marketed and not only is activity good, but SALES ARE BETTER THAN THEY HAVE BEEN IN YEARS!!!
The “perfect storm” of:
- Government Incentives
- Reduced Prices
- Low Interest Rates
- And, New Builder Concessions…Not to Mention Builder Closeout Pricing
EQUALS A PERFECT TIME TO BUY!!!
Should you consider resale inventory? Yes! Why? In a word…VARIETY. Whether it is a preferred location within the eight neighborhoods (“districts”) of 92101, or a particular floorplan, or perhaps a favored orientation. With new home inventory being depleted, the resale inventory in today’s market will offer more variety to choose from.
Know that not all resale inventory is a short sale or foreclosure. There is a diversity of “conventional” product which must conform to the current market pricing…a market that is being driven by the low cost of short sales and foreclosures and supported by appraisals.
ABOUT THE AUTHOR: I’m not only a Realtor who farms and lives in downtown San Diego, I’m a native San Diegan and I care about our community and I would love to share it with you. If you have considered buying a condo in the downtown San Diego area…let’s spend a little time touring the districts. I’m just a phone call away at (858) 688-3363 or email me at: anag@RLLifestyles.com.
Click HERE to check out my previous blog articles.
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