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— The median price of a resale condo downtown was $564,700 for the 30-day period ended January 21, up $9,600 from last month, and higher $9,100 from the same period in January 2008 ($555,600).

The number of condos pending sale during the past 30 days was 37, compared to 39 from the same period last year. The number of condos closing sale during the 30 days prior to January 21 was 34, compared to 26 from the same period last year. There were only 383 resale condos for sale downtown, up from 380 last month, and 11% lower than the same period a year ago.

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Comments

briansd1 June 27, 2009 @ 10:01 p.m.

Do you guys realize that the "expert" has 3 NODs on his properties downtown?

Time will tell if those NODs turn to foreclosure.

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briansd1 July 27, 2009 @ 2:50 p.m.

I'm referring to Lew Breeze, of course.

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briansd1 July 27, 2009 @ 3:02 p.m.

I should add that Lew Breeze has a newsletter in which he parses inventory number.

According to Lew Breeze, there's always a reason why inventory should not be as high as reported by the MLS. For the last 3 years inventory was supposed to get all absorbed by people moving to San Diego. But so far, foreclosures are only continuing to pile-up.

Almost every resale listing Downtown is distress inventory. Where do you think those units will end-up? Foreclosure.

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Real1 Nov. 3, 2012 @ 12:42 p.m.

This comment was removed by the site staff for violation of the usage agreement.

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