Home Sales Today

30-year fixed rate at 5.8%, 10-year Treasury yield at 4.61%

Apparently the devil won’t help you net more in the sale of your home. Here is a story from the NY Post about a man who comes home for after being away for most of the weekend to find his real estate broker chanting some statanic non-sense in his closet after completely trashing his place. 

Maybe she was just staging the home for a private showing with the devil…hmm I’d always thought he was much more of a Vegas buyer than New York.

Downtown’s Core District’s newest residential highrise is nearly 50% sold out.  The 40 story building will offer 369 residential units ranging from 606 square foot 1bd / 1ba units to 2 bd / 2ba with den townhomes with 1,223 square feet. In addition to the residential condominiums, Vantage Point will have 25,000 square feet of conveniently located street level retail.

Ground level at Vantage Point will feature a convenient circular driveway for passenger drop off - evidence that the builder has keyed into its target demographics social habits quite nicely. Landscaped courtyards, secured lobbies and the obligatory water feature are all included.

The third floor is where you’ll find the fitness center. Again, aligned with the social habits, the third floor has a media room for veiwing DVD’s and videos as well as an event room with kitchen and wet bar. I can already see the impromptu parties…(though event rooms require reservations for use)

The tenth floor has the outdoor pool and spa and sunning area. Changing rooms are available so you can dress to impress on your way to and from the pool.

Most importantly though, Vantage Point considers social habits when pricing their units. This is one of the more affordable buildings, per square foot, in Downtown San Diego. You can afford to pay both your mortgage and your bar tab. The builder is currently offering rebates of up to 7% - a page from the automobile industry’s book: “Employee Pricing” promotion. Use it for upgrades or closing costs (including interest rate buy downs).

Prices vary greatly, so if your interested - contact me for specific pricing. Units start in the $300,000’s.