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New Ritz Carlton Condos Coming to Downtown San Diego

by Mark Mills - Downtown Condo Expert - RE/MAX Real E

For those of you who like new condos, you should consider the proposed Ritz Carlton condos planned for downtown San Diego.  As of June 2015, 58 condos are planned as part of a large new Ritz Carlton hotel, most likely these condos will be located on the top of the hotel as seen in a similar condo/hotel project just a couple blocks away at The Metropolitan condos, sitting on top of the Omni hotel.  Im anticipating these condos will be ready for occupancy in 2018 or 2019. 

Once I get more information on the size and prices of these condos I will post an update here.

Mortgage Rates Are on the Rise

by Mark Mills - Downtown Condo Expert - RE/MAX Real E

Mortgage interest rates are expected to rise making your San Diego condo mortgage payments higher than what you can lock in today.  As you probably know from reading my postings on line, the supply of condos for sale is very low (2.1%) and with no new condos expected to be ready till 2017 prices will continue to rise.  Note the new downtown condos under construction are very expensive, so waiting for one of them will also cost you more money which could well be worth the wait.  Just know that waiting a year or two will result in higher mortgage payments and higher prices. 

Displaying blog entries 1-2 of 2

Contact Information

Photo of RE/MAX Consultants Real Estate
RE/MAX Consultants
Mark Mills - Downtown Condo Expert CalBRE 01360992
945 4th Ave #401
San Diego CA 92101
(619) 606-2596
CA BRE #01360992
Fax: (760) 340-9615

The Best Luxury Condos in Downtown San Diego.