August 2016 Market Update – Downtown San Diego Condo Market
Downtown San Diego reached a total of 88 sales in the month of July, which was down a bit from the previous month. The average sales price did go up to $641,816 from $615,708 (+4.2%). In June we also hit a 7 month high with inventory at a 3 months supply, but in July we went back down to 2.8 months. We also saw an 8.0% decrease in the number of listings on the market and 21.9% less listings hit the market when we compare July to June. Overall, the market remains hot. Anything under $800k is flying off of the shelf, while property between $800,000-$1,500,000 is selling at a steady pace.
If you are looking to purchase a home in Downtown San Diego, it important to have a competitive edge. Find out what mistakes buyers are making when purchasing property downtown. It could cost you time, money, and your perfect home!
Homes are selling quickly and for more money! Learn how to avoid common mistakes sellers are making in Downtown San Diego so you can net more money when selling your home! There is a difference between listing your home and selling it for top dollar.
Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Market Time
- Average Market Time
- Median Market Time
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Months Supply of Inventory Forecast (Pending Listings)
# Active Listings / # Pending That Month
Average Vs. Median List to Sales Price (%)
- Average List to Sales (%)
- Median List to Sales (%)
Number of Sales
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on August 4th, 2016.
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!