Summer is just about here, and so is PCS season. This list should help any VA eligible buyers that are interested in Downtown San Diego’s communities. Active listings are available to view: all Downtown San Diego condos for sale. To receive updates of new listings: on the search page click on the “Alerts” icon  and login with your preferred email address. Personal information is kept confidential and is not shared.

Little Italy

Acqua Vista:

VA Approved - Aqcua Vista - Little Italy

382 units – 18 floors

From the high $100k’s to $500k

Amenities include valet parking, 24 hour community attendant, exercise facilities, pool, spa and recreation area.

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Aperture:

VA Approved - Aperture - Little Italy

86 units – 11 floors

From the $300k’s to $800k

Amenities include secured access and underground parking

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Portico:

VA Approved - Portico - Little Italy

84 units – 5 floors

From the $100k’s to the high $200k’s

Amenities include secured access and underground parking

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La Vita:

VA Approved - La Vita - Little Italy

304 units – 24 floors

From the high $200k’s to $900k

Amenities include landscaped courtyard with water feature and barbeque area, pool, spa, fitness center, on-site management

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Marina District

Atria:

VA Approved - Atria - Marina District

149 units – 4 floors

From the $200k’s to the $500k’s

Amenities include a community room, barbeque area, conference/media room, fitness center and roof deck.

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East Village | Ballpark District

Park Boulevard East:

VA Approved - Park Boulevard East - East Village

107 units – 6 floors

From the $200k’s to the $400k’s

Amenities include spa and deck area, bike storage, underground parking and convenient trolley access

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Park Boulevard West:

VA Approved - Park Boulevard West - East Village

120 units – 6 floors

From the $200k’s to the $400k’s

Amenities include spa and deck area, fitness center, bike storage, underground parking and convenient trolley access

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Park Terrace:

VA Approved - Park Terrace - East Village

224 units – 14 floors

From the high $100k’s to the $700k’s

Amenities include underground parking, fitness center, fifth floor club room and second floor outdoor terrace, dining area and lounge.

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Gaslamp District

The Lofts at 777 6th Avenue:

VA Approved - The Lofts at 777 6th Avenue - Gaslamp District

103 units – 4 floors

From the $100k’s to the $200k’s

Amenities include business center, central courtyard, secured access and underground parking for some units

The majority of bank owned sales are falling into the entry level range of homes in Downtown San Diego. Over the past 6 months, of 63 bank owned sales that were recorded in the San Diego MLS, 35% fell in the range between $200k – $300k. An additional 25% could be found between $300k and $400k, 17% between $400k and $500k and a then sharp drop above $500k ( to $600k) with 9%.

With a lot of short sales on the market in these ranges that are not selling (I’ll grab some of those numbers later), we can expect to see a healthy (buyers perspective) inventory of foreclosed homes to hang around for the next year, at least.

Foreclosure note: We are closing this week for a client on a unit in Little Italy at 58% of it’s last market sale (last sale was in 04 – Downtown peaked in 06). At $354 per square foot, it is $27 per square less than the average for other bank owned properties. There were 3 offers on this property, all within $15k of each other.