San Diego is located in the southwest corner of California. With its beautiful beaches and terrific year-round weather, it is the epitome of what Southern California has to offer. San Diego is a big city of over one million, yet it has a small-town feel that locals take pride in and has been appropriately dubbed, "America's Finest City." Downtown San Diego lies next to San Diego Bay and is quickly becoming one of the most popular spots in town to live. Real estate options consist of condominiums, townhouses, and a limited number of single-family detached homes. (more)
Currently home to over 30,000 residents, with more housing being built, the redevelopment of Downtown San Diego is a model of what planned, reasonable growth can do for a downtown environment. Downtown is home to attractions such as a gorgeous waterfront, Horton Plaza shopping center, the Gaslamp Entertainment District and Petco Park, the home of major league baseball's Padres.
The Marina District is one of Downtown San Diego's most beautiful and desirable neighborhoods. With many parks and open spaces, Marina District's tree-lined and peaceful streets provide a diverse range of residential living options. Core Columbia offers several older buildings converted into live/work lofts as well as a number of high-rise residential condominiums, with more underway. It is an easily accessible urban environment, where it is easy to walk to work, locate hundreds of restaurants or any of the great attractions.
Downtown San Diego Real Estate
Downtown San Diego's real estate offerings are mostly in multiple-unit properties, many of which have been recently built. Many of the condominiums and townhomes available in all of the distinct Downtown San Diego neighborhoods such as Little Italy, Cortez Hill and East Village. Most properties in Downtown San Diego feature resort-style amenities such as swimming pools, workout facilities and community recreation rooms. A limited number of single-family detached homes are available in quaint Downtown San Diego communities such as Bankers Hill. There are some great opportunities to purchase short sales and foreclosures in East Village, Gaslamp District, and Cortez Hill.
Downtown San Diego, California Average Home Sizes and Asking Prices
Downtown San Diego Real Estate Stats and Trends for the week of May 12th, 2014: homes priced around $1,141,680 compared to $1,141,680 the previous week, to remain steady with no change in listing price. For Tuesday, March 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.