February 2018 Market Update – Downtown San Diego Condo Market
In December we saw a very small dip in the inventory, but as expected in January we saw a jump again. December had 69 new listings, while we saw 167 in January! This is a bit deceiving though because many listings are set to expire December 31st and then are relisted in January. As far as active listings go, we saw the number increase by 22 from 202 to 224. We also saw the number of listings that went into contract to go from 53 in December to 71 in January.
While January had the lowest number of sales in the last 12 months, compare that to January of 2017. We had a 77.4% increase in the number of sales when looking at a year over year comparison.
Also, I did something new this year, and I ran all of the sales for every high rise in Downtown San Diego. I used those numbers to rank them based on neighborhood, as well as a few other factors such as number of sales and overall price per square foot. Take some time and read how buildings are ranked in each neighborhood in 2017.
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.
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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 February 5th, 2018.
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!