Monday, December 9, 2013

2005-2013 YTD Sales Comparisons: Atria@101 Market, Downtown San Diego

Sometimes market statistics are pretty boring. Actually, most of the time, sales statistics go in one ear and out the other for most people, and especially for people who are visual. After reviewing the sales statistics for Atria located at 101 Market St, San Diego 92101, we thought a pictorial representation of the sales statistics for the last 8 years might help my brain process market changes. These numbers are based on statistics retrieved from the Sandicor multiple listing service as of December 9, 2013.





As you can see from the graphs, 2008 and 2011 were the worst years and you can see that 2012 and 2013 are reflecting a recovery. Nothing like 2005 thru 2007, but at least prices are moving upwards again.


Average $ per square foot reflect the same upheaval over the last 8 years. Again, 2005-2007 were at the peak of the downtown San Diego real estate market. Again the $ per square foot are showing the same steady increase in pricing.

For owners who have been hanging on, many are approaching a break even point. An example is a sale we are representing. Our owner purchased his unit for $310,000 six months ago and is currently selling in the $330k's, less than 6 months later. That is a much better net sheet than the loses owners saw in the 2008-2011 timeframe.

If you would like additional statistics on Aria or any other Downtown San Diego condo buildings, just contact us via email, phone, or text.  victoriacrown@gmail.com or 619-977-3174


Wednesday, December 4, 2013

92101 and 92103 San Diego Real Estate Comparisons

Downtown San Diego (92101) and Hillcrest/Mission Hills (92103) are two San Diego areas located next to each other. Hillcrest is immediately north of Downtown San Diego, while Mission Hills is at the north west end of the 92103 zip code. Viewing this graphic comparison provides information that shows the Downtown San Diego market (92101) is a lower priced market than is Hillcrest/Mission Hills.


Click here for complete 92101 and 92103 comparison
What this Downtown San Diego and Hillcrest/comparison also confirms is that the downtown San Diego market would naturally be expected to be lower due to the majority of downtown San Diego housing being condos versus Mission Hills historical styled single-family homes.

Mission Hills is one of the most luxurious and desirable neighborhoods in San Diego. Mission Hills is the area where large historical mansions and smaller craftsman homes make up the inventory. A number of older homes have been demolished and have been replaced by large homes on small lot footprints. It has become  more difficult to raze a Mission Hills home to build a new monstrosity, therefore the "old-money" style homes command higher prices.

To further view the comparisons and contrasts and Downtown San Diego and Hillcrest/Mission Hills click this 92101 vs 92103 link

Who Lives in Downtown San Diego?

If you own or rent a Downtown San Diego condo, who are your neighbors? Is the marketplace primarily owner occupied or renter (non owner) occupied? Here is a graph that shows you the mix as of November 2013.



If you would like to view these statistics in depth or view additional Downtown San Diego neighborhood information, visit our Downtown San Diego Market Insider page.


Tuesday, December 3, 2013

Why San Diego Is Special City

San Diego has been known as "America's Finest City" since the 1970's.  San Diego lives up to its reputation.We have the location, the weather and the residents to make San Diego one of the best cities in the world to live, work and play. The place to start is in Downtown San Diego where buying a condo is an achievement for many first time downtown San Diego condo owners.


Downtown San Diego Neighborhoods

What are the 8 Downtown San Diego neighborhoods?

Saturday, November 30, 2013

9 Sofa Styles to Decorate Your Downtown San Diego Condo

Decorating a downtown San Diego condo can definitely be a challenge. Space is minimal in many condos so efficiency counts. Buildings like Metrome, Alta, Atria, Sapphire, Gaslamp City Square, M2i and Union Square among others have downtown San Diego studio units.

Once you have purchased or rented a downtown San Diego condo, how do you make it liveable? How do you sit down? Where do you place your furniture?  Generally condo owners start with the "sitting" pieces and the key piece is usually a sofa, couch, or whatever else it may be called. Who would have ever guessed there are a minimum of 9 different sofas you can decorate your condo with in a large or small space.

Love Seat or Courting Chair


                          
At first you might think the love seat was designed for two people to sit close together for romantic reasons. Sounds good but the original love seats designed in the 1700's and 1800's were more designed to hold the wide skirts and hoops women wore. Once the dresses decreased in size, the romantic inclinations took over and love seat took on a new meaning.

Sofa


                   
Prior to the creation of the sofa around 1680, people sat on straight backed chairs. The first sofas set off a design revolution because they were padded and had cushions. Of course the French embraced the comfort of the sofa. Today a sofa is basically a piece of furniture with 2 or more cushion seats.

Sectional Sofa


                          

Where did the sectional sofa come from? Some designers will say the sectional sofa is relatively new, but there are others who claim the first sectional sofas were created in Virginia around the 1820's. Since I am not a furniture historian, I have no clue. What I do know is that the sectional sofa works in areas that need a little creativity. Some sectionals work in space challenged rooms, while other sectionals make an over-sized room look a little more manageable. Since most Downtown San Diego condos tend to be on the smaller size, a true sectional may be a little tougher to place.

Divan


                          

A divan is primarily a couch-like sitting furniture originally from the middle east. In fact, the divan may have originated in the Ottoman Empire of Turkey. Originally the divan was a long seat formed of a mattress laid against the side of a room, upon a raised frame or on the floor and included cushions to lean on for comfort. Boudoirs in the United Kingdom were in style during the middle 1800's and most bedrooms had a divan. It was the thing to do and to have.

Fainting Couch


               

Fainting couches apparently were for women who either fainted from the corsets they had to wear, or for women who needed to be massaged and wanted privacy during their female hysteria massages. Who could have guessed just from looking at this couch that it was for getting a massage in your pelvic area. Kind of creepy to tell you the truth. Some homes had fainting rooms,

Canape Couch


                                            

The canape couch is a unique piece of French furniture that doesn't look too comfortable to me. The canape couch was similiar to a couch but was a more elegant sofa. Typically the canape couch was made out of precious hoardwoods such as walnut, cherry and mahogany and had carved wooden legs and backrests and upholstered seats, armrests and back that would seat 3 people. Another style created by the French in the 18th century, the canape couch became popular in the 19th century for the Americas. Unless you have a really formal condo, you might skip this style for your unit. It doesn't look too comfortable.

Daybed


                       

The daybed is one of the oldest sofa styles dating back to ancient egyptian, greek and roman civilizations. Sigmund Freud used a day bed for his patients while they received therapy. The daybed is a practical item, especially in a small space. The daybed can be used as a sofa during waking hours and then converted into a bed if necessary in the evening or sleeping hours. This modern looking daybed would be a perfect piece of decor in a studio downtown San Diego condo.

Chesterfield Couch

                              

Folklore has that the 4th Earl of Chesterfield (1694-1773) ordered the creation of the leather chesterfield couch with the distinctive use of deep buttoned, quilted leather upholstery and a low seat base. According to legend, the Earl requested a couch that would allow a trendsetter such as the Earl to sit comfortably upright without wrinkling his garments. As you can see, the chesterfield appears as a masculine styled couch with rolled arms, and equal back and arm heights. If you have a luxury condo with a lot of room, then the chesterfield my appeal to you. Otherwise the chesterfield is too heavy looking for most condo owners.

Futon

                               

Futons are a much more casual style of couches.  Futons were and are popular in Japan. They are very casual padded mattresses and quilts that can be folded up during the day to create room in small spaces. Futons in the United States have developed into more than folding bedding. Most people who own a futon do not roll it up during the day. In fact, may futons are created with a metal frame. The beauty of the futon is not only its functionality, but it's lightness in weight, and its generally lower price than the traditional sofa.

Decorating a downtown San Diego condo can be a tricky proposition because of space constraints. Luxury penthouse condos may have the heavier Chesterfield-styled furniture, but the majority of decor we have seen falls between the simple sofa and futon.

Who could have guessed there was such history and such distinctions between sofas. Fortunately most downtown San Diego residents will worry more about how a couch will fit into a small efficient space than the history of said couch.

619-977-3174


If you have any questions or help in your search for the perfect San Diego home or condo, contact us via phone, email, or text.


Friday, November 29, 2013

Civita: 13 New Frame and Focus Room Names

  

Civita in Mission Valley 


Frame & Focus

Frame and Focus is a Civita development by Shea Homes that is focused on a wide-open an yet interlocked lifestyle. There are two separate styles in Frame and Focus. Frame is located on the outer portion of the development and Focus is the inner portion of the development.

Shea Homes has wedded mid-century "Motor Court" style living with today's organic and eclectic lifestyle. Civitia is designed so residents can walk everywhere. Frame and Focus incorporate this feeling of community into both townhome developments.

Frame offers 4 floorplans using the ground floor level for both the two-car garage and the common living areas. Frame is the most affordable of the two developments, and the retro feel of mid-century living is combined with today's buyer who wants efficiency and green living.

Sometimes it's hard not to sound like a commercial when reviewing the new developments because the builders hire people who know what to say and how to say it. Language for Frame is no different. What is different however, is how the rooms are named. Most of us are used to searching for bedrooms, baths, parking etc. when we search for a home or condo to purchase or rent. Take a look at how the rooms in Frame are labeled.

Frame Plan 4 Floor 1

Frame Plan 4 Floor 2

Frame Plan 4 Floor 3



You can see by the names of rooms that Shea Homes is capturing the lifestyle of Civita. Where else have you seen rooms called Dine, Watch, Cook, Park, Arrive, Greet, Splash, Dream, Clean, Sleep, Lounge, Fresh, and View? Each of these rooms is named for an activity rather than a place. The only room I had to think about was the "fresh" room and when I looked at the 'fresh" room I realized it is the half-bath off the cook and greet area. For people like me, that means off the living room and kitchen.

Watch this Frame and Focus video to see the ideas behind their concept.



There is something delightful about naming rooms after activities. It is unexpected, modern, and adds excitement. If you are interested in the concept and homes available in Civita, contact us. If we accompany you to any of the Civita developments on your first visit, we are able to help you in your negotiations with the builders. Builders do no generally negotiate on prices because they are tied to release prices from their lenders and if they low ball sales, they make their lenders uneasy and other buyers mad. However, many builders will negotiate terms and conditions. Since our representation does not cost you any more than if you represent yourself, it might be worth considering our services, expertise, and most importantly our experience in working with major builders.

Contact us at 619-977-3174. Call or text us.