January 2017 Market Update – Downtown San Diego Condo Market
In Downtown San Diego, we saw the market tighten up a bit. Inventory fell from a 3.5 month supply down to 2.9 months, while the average sales price and price per square foot went up slightly. We also saw the average days on market decrease. Typically December is one of the slowest months of the year, but that wasn’t the case this year. We saw 72 sales in downtown San Diego, which was a boost from the 64 sales we had in November.
The number of new listings to hit the market dropped, as it usually does, in December. It was the first time all year where we had less than 100 properties hit the market. While we only saw 67 new listings come to the market, it is still up from the 52 listings we saw in December 2016.
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 January 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!