Here are the latest numbers:
- 360 Residences
- 213 Units
- 90 Sold (Opening Soon for Occupancy)
- Axis
- 329 Units
- 86 Sold
- The 88
- 197 Units
- 57 Sold
- City Heights
- 124 Units
- 92 Sold
To read the full article click here.
Monday, March 22, 2010
Update on Downtown Condo Sales
This week's edition of the Silicon Valley / San Jose Business Journal has an article with an update on downtown condo sales entitled "Developers see turnaround in downtown San Jose high-rise condo market."
Here are the latest numbers:
Here are the latest numbers:
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Wow I am surprised that 360 has sold that many more units than The 88.
ReplyDeleteWell, keep in mind 360 has been promoting/selling units for 2 years. They had a retail space in the Fairmont for a long time. Also, I think the buyers can still back out of the deals until May, so those 90 aren't set in stone.
ReplyDeleteJust to re-clarify, those 90 from 360 Residences are pre-sales, nobody has moved in yet.
ReplyDeleteLooks like it will be a while before anyone moves in since they have to have at least 80% of the condos in pre-sales contracts before escrow closing can start. Do you see that happening?
ReplyDeletePeople have started moving into all of the other towers without the 80% requirement, there must be some exceptions to that rule.
ReplyDeleteThe post is giving update on downtown condo sales. Useful information
ReplyDelete