07Jul
By: Ryan Ponce On: July 7, 2016 In: Downtown San Diego, Market Update Comments: 0

Juuly 2016 Market Update – Downtown San Diego Condo Market

Downtown San Diego reached a total of 101 sales in the month of June, which is the highest it has been since June of 2015.  The average price per square foot also reached a high of $546. The last time we met or exceeded $546 per square foot was in May of 2007 ($550/sf).  We remain right around a 3 months’ supply of inventory meaning it is a market that favors sellers. Condos are selling quickly for some of the highest prices we have seen since before the crash! The average days on market is 37 days, but the key is to get as much interest as possible and sell within the first 2 weeks.

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

    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 July 2nd, 2016.

    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!

    And Always Remember, It Matters Who You Work With!