tag:blogger.com,1999:blog-25213986.post115610446258140694..comments2023-09-05T02:56:11.562-07:00Comments on San Diego Market Monitor: Downtown Condo at Palermo #507Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-25213986.post-1156120616468587752006-08-20T17:36:00.000-07:002006-08-20T17:36:00.000-07:00I've owned real estate that was painful to sell be...I've owned real estate that was painful to sell before. Eventually a buyer shows up and you'll do about anything to get a deal closed. <BR/><BR/>Was that at Palermo or is that a La Vita unit? If you have the building and unit number I'll take a look to see what the numbers look like.<BR/><BR/>Keep in mind that general neighborhood as 77 "new" units coming into the marketplace that not many people are aware of. Solara Lofts is like 350 West Ash as it's a conversion of a lower grade office building into residential.<BR/><BR/>http://sandiegodowntown.blogspot.com/2006/08/solara-lofts-on-cortez-hill.htmlMr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1156118970537059872006-08-20T17:09:00.000-07:002006-08-20T17:09:00.000-07:00Hi mark,I agree with you completely. I post these...Hi mark,<BR/><BR/>I agree with you completely. I post these entries to show the current state of the market, I doubt the Palermo unit is worth a nickel over $350,000.<BR/><BR/>I've seen La Vita view one bedrooms sell for under $375,000 so $400,000 there would be an early Christmas for the current owner. <BR/><BR/>Thanks for the tip on that article, it's good. I do like the Voice of San Diego more and more.Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1156112027779332602006-08-20T15:13:00.000-07:002006-08-20T15:13:00.000-07:00From the looks of the pictures in the listing, it ...From the looks of the pictures in the listing, it is Staged, not currently lived in. $425K seem very expensive for this unit. I am renting in LaVita with a bay view, and my landlord owner would love for me to buy it for 400K even! . . .same footage, etc. and we have a nice pool and better location. Don't know if you caught the item in Voice of San Diego about "getting out the needles" to pop the bubble, but they suggested starting to really lowball places - offer what it is really worth - about $300K. . .the author mentioned that speculators didn't hesitate to be agressive on the upside, so buyers should really start being agressive on the downside.Anonymousnoreply@blogger.com