April 2017 Market Update – Downtown San Diego Condo Market
In March, we saw the highest average price per square foot in the last 12+ months. We also had a jump in the number of new listings, sales, and inventory. We are at a 2.8 month supply, which is a drastic improvement from the 1.9 month supply we saw in December of 2016. This rise in inventory is finally creating more options for buyers, which will drive the number of sales up.
I think we will see a huge jump in the number of sales in April. We had 80 properties in Downtown go into escrow in the month of March, which typically indicates what the following month will look like. Overall, we have had a solid start to the Spring and I expect at least 3+ really good months ahead of us.
If you are looking to purchase a home in Downtown San Diego, it important to have a competitive edge. Find out what mistakes buyers are making when purchasing property downtown. It could cost you time, money, and your perfect home!
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Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Market Time
- Average Market Time
- Median Market Time
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Months Supply of Inventory Forecast (Pending Listings)
# Active Listings / # Pending That Month
Average Vs. Median List to Sales Price (%)
- Average List to Sales (%)
- Median List to Sales (%)
Number of Sales
New Listings
Active Listings
Pending Listings
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on April 13th, 2017.
Give me a call today at (619) 228-6790 or email me at Ryan@www.livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!
