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-$1,500,000 is selling at a steady pace.
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Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Market Time
- Average Market Time
- Median Market Time
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Months Supply of Inventory Forecast (Pending Listings)
# Active Listings / # Pending That Month
Average Vs. Median List to Sales Price (%)
- Average List to Sales (%)
- Median List to Sales (%)
Number of Sales
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on August 4th, 2016.