June 2019 Market Update – Downtown San Diego Condo Market
We finally saw a substantial bump in sales and overall volume in Downtown San Diego. There has been an increase in the number of sales starting in March and it continues to climb. In May we had a total of 72 sales, which is a 9.1% increase from the previous year and a 14.3% increase from April 2019. Even with the growth in the number of sales, we are still hovering around a 5.1 month supply of inventory with a total of 303 active listings. We also had 76 homes go into escrow this past month, so we should have a decent June.
Another thing that is worth mentioning is Savina had its first closings yesterday and they will continue on for about 3 months. The building is over 60% sold out, so they have approximately 175 homes that will be closing over that time period. There are still plenty of great options in the building.
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.
As the market heads towards a balanced market, now more than ever it is important to work with a professional! 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
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on June 4th, 2019.