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We are pleased to present below all posts archived in 'August, 2012'. If you still can't find what you are looking for, try using the search box.
Courtesty of San Diego Metro Magazine
Britt Scripps Inn
Three Bankers Hill properties, including the 125-year-old Britt Scripps Inn on Maple Street, have been sold for $5 million to Graham Downes and Blokhaus Development, who anticipate the development of a modern mixed-use project on the property.
The three parcels total 35,000 square feet and include the historic Britt Scripps Inn, 406 Maple St., built in 1887, Mandarin House restaurant, 2604 Fifth Ave., and the 13-unit Evergreen Apartments, 2642 Fifth Ave.
“Urban revitalization and mixed-use development in older neighborhoods like those surrounding Balboa Park constitute one of the hottest opportunities in the market for the creation of well-designed hospitality, housing, retail servicing, and new community gathering places,” said Danny Fitzgerald of Cassidy Turley, which represented the buyer.
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1 Bed/1 Bath Loft
1 Bed/1 Bath Loft
As of June 12 in
the 92101 zip code there were 286 listings compared to 513 listings June
of last year. There are several possible reasons for the low inventory.
Sellers may be waiting for the market to go up before they list.
Financial institutions are unable or unwilling to release distressed properties on the market.
New home developers have not been building new condominium units with
the more recent projects coming to the our market as rentals.
In some cases condominium projects such as Vantage Pointe were converted to rentals.
Whatever the reason it all adds up to an inventory squeeze that is
driving a significant change in the market. In terms of prices
comparing to June of last year the median sold price was $370,000
compared to this June of $436,00 and increase of 18%. Additionally the
price for square foot is also up from $401 to $429.
In such a competitive market it can be very frustrating to find t ...
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