downtown condo – The Top Five View Condos in Downtown San Diego
First lets explore the water views. Some water views are limited to the San Diego Bay, while others if high enough will also have a view of the Pacific Ocean. Depending on where the building is in downtown San Diego, your view will vary dramatically depending on which floor you are on. If for example you are in the Marina District facing South, you will need to be on the 10th floor or higher to have a view of the water over the convention center. The buildings in the Marina District this applies to are the Horizons condos, Pinnacle condos, Cityfront Terrace condos, Renaissance condos and the Harbor Club condos.
In the Marina District and Columbia District buildings facing West these all have unobstructed water views now from anything but the lowest floors. However, that western water view will change dramatically over the next 10 years. The buildings that will be affected include, Pinnacle, Renaissance, Park Place, Electra, Grande Bayside condos. The western waterfront will undergo a massive construction project that will include several hotels, office buildings, etc that will obstruct the current unobstructed water views. However, there will still be view corridors as there currently are regarding the Southern water view (between the four hotels along the water). So in the end the western water views will be similar to the current southern water views.
What about city views? Almost every high rise condo building in downtown San Diego that has a great water view will also have great city views looking east. Be careful when picking out a unit as some buildings are so close that your view is obstructed by the building across the street. These are the hardest units to sell because everyone looking in a high rise building wants a great view so the discount you see on the price today relative to the prime view units will also be experienced when you go to sell the unit.
This leads me to the last category, what about buildings with both a great water view and a great city view. In choosing a condo in San Diego that has both views you need to be very careful because these buildings are often located in the middle of the city with the risk of more buildings blocking their water views. Fortunately there are very view lots left to build a high rise condo building on and those have already been spoken for and artist renderings are available for the future building. So there is not much mystery there, perhaps the only mystery is when will it actually get built.
Getting back to naming names, the buildings with the best water and city views from the same unit (not say a west facing unit and an east facing unit, but one unit) are The Mark Condominiums in the East Village. This also has one huge, huge bonus, a view directly in the playing field at Petco Park where the San Diego Padres play baseball. You have to be on roughly the 20th floor & up to get that view into the playing field. Another great choice of water and city views is the Electra condos, primarily the SE corner units.
In summary, here are the best buildings to buy a condo in San Diego if you want a great view in order. This list was written in 2009 but with a long term view out the next 10 years after future construction is built up.
1. The Metropolitan condos (unobstructed views of bay, ocean and city, even low floors).
2. The Mark condos (water, city and ballpark).
3. Bayside condos (unobstructed water views to the West & city views to the North).
4. Harbor Club condos (unobstructed water views, 10th floor & up)
5. Mi Arbolito condos (built at the highest elevation of all condos, 360 degree views of Balboa Park, Bay, City and Mountains).
Click here for more information on all these condos Bayside condos in San Diego
Downtown San Diego condo expert and RE/MAX Realtor. No active Realtor has lived in the Gaslamp district longer than Mark Mills.
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http://EzineArticles.com/?expert=Mark_Mills
Downtown San Diego condo prices jump 6.5% in July 2007 over the prior month. July data is also promising in that the prices were 2.0% over the average of the first six months of 2007. The figures above represent the very accurate data of cost per square foot, not the median as often reported by main stream media that has limited data. Year to date through July the number of units sold is flat from 2006 levels at just over 380 units.
One reason for the increase in prices is that more of the higher end units are selling versus the lower priced condos. The volume of first time buyers or entry (price) level buyers has dropped significantly compared to prior years due to tighter lending standards and the fallout of having a larger than average number of these buyers getting out of apartments and buying in the past few years when the teaser interest rates were available.
The volume of condos sold in July was up slightly to 55 from June volume of 52. Year to date the number of downtown condos sold in San Diego is 391, compared to 393 during the same period of 2006. Year to date through July of 2007, the average sold costs per square foot of a downtown condo was down 9.7% from the same period in 2006. The sold costs per square foot is expected to rise in the future due to the slow down of the low end of the price range and more sales occurring at the upper end of the price spectrum.
As the year progresses expect more cancellation or postponement of new condo projects due to several factors including the credit crunch and softening sales prices. The trend in new development downtown now is not condos, but hotels. A few condo projects that were scheduled to be built will instead be built as hotels. Even the tallest residential tower planned is in talks with hotel developers. There is one big reason driving the hotel trend, lack of hotel rooms downtown and the remaining lots to build on are not premium lots therefore with the increased costs of building a high rise condo they can not sell high priced condos in second class locations, too many competing resales in the best locations.
Downtown San Diego condo expert and RE/MAX Realtor. No active Realtor has lived in the Gaslamp district longer than Mark Mills. Downtown San Diego Condos
Article Source:
http://EzineArticles.com/?expert=Mark_Mills
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