June 2018 Market Update – Downtown San Diego Condo Market
The average price per square foot jumped up to $624, which is the highest single month in Downtown San Diego since October 2005 and May was the second highest on record, with October 2005 being the first. The average sales price was also up to $682,670 from $634,952. That is an increase of 7.5% over the last month.
The number of sales fell a bit, down to 66 for the month of May. April was a very good month, so I was expecting slightly lower numbers in May. During the month of May 85 properties went into escrow, which looks like June will also be a good month. The number of sales typically mimics the number of listings to go pending and trails that chart by 1 month. Median market time still remains just under 30 days, which is great for sellers.
If you are looking to purchase a home in Downtown San Diego, it important to have a competitive edge. Find out what mistakes buyers are making when purchasing property downtown. It could cost you time, money, and your perfect home!
Homes are selling quickly and for more money! Learn how to avoid common mistakes sellers are making in Downtown San Diego so you can net more money when selling your home! There is a difference between listing your home and selling it for top dollar.
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Market Time
- Average Market Time
- Median Market Time
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Months Supply of Inventory Forecast (Pending Listings)
# Active Listings / # Pending That Month
Average Vs. Median List to Sales Price (%)
- Average List to Sales (%)
- Median List to Sales (%)
Number of Sales
New Listings
Active Listings
Pending Listings
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on June 5th, 2018.
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!
