December 2021 Housing Market – Downtown San Diego Condo Market
While Downtown San Diego didn’t see the record breaking month we saw in November, we had a great December when compared to prior years. Over the last 5 years, we’ve averaged 68.6 sales in December. The number of sales in December 2021 was up by +31.2% when compared to the previous 5 years. In addition, both the median and average list to sales price percentage were over 100%. This means that more than half of the homes that sold last month received over their list price.
One thing that hasn’t changed is the lack of inventory. Downtown San Diego saw the least amount of new listings since December 2016. In July 2020, inventory peaked at a 6.7 month supply of inventory, but has drastically declined since then. We now only have a 0.7 month’s supply of inventory. This creates an extremely strong seller’s market. If you want to read more on the Downtown San Diego market, I dive deeper into the numbers in my Quarter 4 market update.
Each year, I compile the numbers for each individual building and I compare the stats. Click here to see the list of Downtown San Diego building stats for 2021.
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Average List to Sales Price (%)
- Average List to Sales (%)
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Number of Sales
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on January 10th, 2021.
And Always Remember, It Matters Who You Work With!
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!