August 2017 Market Update – Downtown San Diego Condo Market
I highly recommend watching the video above to get an idea of what an economist believes the Downtown San Diego market will look like. There is a ton of good information from national economist and the director of the Xpera Group, Alan Nevin. In the interview, Chad Dannecker, owner of my brokerage, is asks Alan several questions about Downtown San Diego’s market and the direction he thinks we are headed. Alan and the Expera Group are hired by some of the most respected developers in San Diego to give his insight on where the market is headed. He creates economic and feasibility studies based on a vast array of pertinent information. Listen to what he has to say about the market and get some advice that he is giving to the top developers in San Diego.
Over the last several months, the average sales price in downtown has been trending upwards, while the average price per square foot has stayed consistent around $593/sf. One large jump we saw is the average days on market, which went from 26 days to 40. That is a large jump in time on market. The inventory has stayed consistent around just over a 3 month supply of inventory. Over the last 2 months, we have seen a drop in the list to sales price (%).
If you are looking to purchase a home in Downtown San Diego, it important to have a competitive edge. Find out what mistakes buyers are making when purchasing property downtown. It could cost you time, money, and your perfect home!
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Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- 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 August 2nd, 2017.
Give me a call today at (619) 228-6790 or email me at Ryan@livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!
