Downtown Market Updates
In essence, October 2023 has brought forth a recalibration in the real estate market in Downtown San Diego.
The increase in the active market time and months supply of inventory in September suggests a more balanced market.
Downtown San Diego – Sales activity saw a substantial uptick, jumping 46% from July, although we still clocked in at 54 total sales.
Downtown San Diego – The inventory still suggests it is a seller’s market, but downtown is seeing very low activity levels.
Downtown San Diego – Both the average and median price per square foot are also nearing their records that were set last year.
Downtown San Diego – There have been some fairly drastic changes to Downtown San Diego’s market over the last 30 days.
Downtown San Diego – There were 50 sales in April, which when compared to January and February, is a big improvement.
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling
In March, there were 53 sales in Downtown San Diego, which is an increase of 20 sales (61%) from February 2023.
In February, there were only 30 sales in Downtown San Diego. That is -65.5% less than February 2022, which had 80 sales.
With only 30 sales in January 2023, it was one of the slowest months Downtown San Diego has seen in over 10 years.
Downtown San Diego Development Update – One of the most common questions I get is, “Are there any new condos being built?”
Downtown San Diego buildings ranked by using several different factors. See how each building ranks based on the 92101 sales in 2022!
In the 4th quarter, Downtown’s activity declined dramatically. We went from having an average of 63.7/month down to just 42/month (-34%).
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling
Downtown San Diego is still selling very well and it appears to be poised for a strong start in 2023 with the recent calming of interest rates
While the number of sales is down drastically, inventory has little to no change. The number of active listings is actually down!
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling
Nearly almost every metrics measuring the market is down this month and we are seeing signs of slowing. Let’s dive into the numbers though.
“There are currently less active listings and new listings, as well as an increase in the number of sales and properties to go under contract.”
Downtown San Diego’s market is beginning to loosen up a bit and I think we will begin to see inventory grow.
Downtown San Diego’s market is beginning to loosen up a bit and I think we will begin to see inventory grow.
For the first time ever in Downtown San Diego, the average price broke $1,000,000 and is sitting at $1,030,838.
In March, there was an increase of +34.0% in the average price per square foot year over year in Downtown San Diego.
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling
In February, the average sales price in Downtown San Diego was $916,986. That is +34.9%, or $237,273 higher when compared to February 2021!
In January 2022, the average condo sold for $893,052 in Downtown San Diego! That is +58.2% higher than January 2021.
While Downtown San Diego didn’t see the record breaking month we saw in November, we had a great December when compared to prior years.
Downtown San Diego buildings ranked by using several different factors. See how each building ranks based on the 92101 sales in 2021!
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling
Downtown San Diego’s Housing Market had a record breaking month. The Downtown San Diego market is the hottest I’ve ever seen it.
This is the best seller’s market we have seen in quite some time, but it is easy to leave a ton of money on the table.
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling
Last month, Downtown San Diego saw a +79.6% spike in the number of properties to go into contract when compared to August 2019.
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
Downtown San Diego buildings ranked by using several different factors. See how each building ranks based on the 92101 sales in 2020!
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
Last month, Downtown San Diego saw a +79.6% spike in the number of properties to go into contract when compared to August 2019.
What does the future of Real Estate look like in San Diego? Will COVID-19 bring the amount of foreclosures to an increase?
Is COVID19 driving the suburban markets? Will it effect the urban market? We discuss the current market with evolving trends.
San Diego County wide, July was one of the busiest months we’ve ever seen. So what does this mean for Downtown San Diego?
In this weeks round table we discuss For Sale By Owners, Find out what’s going on in Karl’s Kitchen, and this Crazy Lending Environment!
In this weeks round table we discuss Banning Open Houses, the “V-Shaped” recovery we hear so much about, and our new schedule for round tables.
In June we saw the number of homes to sell rise by +71.4%. Furthermore, we saw 84 homes go pending during the month of June, which is a 3+ year high.
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
In this weeks roundtable we discuss Escalation Clauses, Standing Out in Competative Markets, Compass Exclusives, and Take a Tour of Savina #501!
In this weeks roundtable we discuss mortgage rates, dining outdoors and spotlight the 41 West Penthouse and new Civita elementary school.
In this weeks round table we discuss property auctions, 3 pricing strategies for your home and the overall San Diego Housing Market.
In May, we saw a 72.7% increase in the number of homes to go into escrow when compared to April. June should have a strong month of sales.
This week we discuss restaurants opening and new concepts for social distancing, “housing bubble 2.0?”, and of course our top picks for the week.
This week we discuss COVID-19 hairstyles, new Showing guidelines, food food and more food, as well as some of our favorite takeout options!
This week we discuss Sand Bar, Holy Paleta, the 8pm salute to health care workers, and of course the latest in San Diego’s housing market!
Based on our listing traffic, conversations with other agents, and increased buyer activity, I suspect the numbers will gradually begin to improve.
From 3-D Tours to San Diego Zoo’s live animal feeds and our favorite local restaurants doing takeout, find out whats new in San Diego.
Our team decided to do these round table discussions once a week to hopefully keep everyone informed as to what is going on in San Diego’s housing market.
This is an in depth Housing Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
We had a very productive start to the year, which was slated to carry over to the second quarter. Due to COVID-19, the horizon looks a little different now.
March 2020 – In January, there were a good amount of sales (+35.7% compared to 2019). Inventory is down to a 12 month low at a 4.5 month supply.
February 2020 – In January, there were a good amount of sales (+35.7% compared to 2019). Inventory is down to a 12 month low at a 4.5 month supply.
January 2020 – In December of 2018, there were only 42 sales. In December of 2019, there were 61, which is a 45.2% increase.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q4 of 2019, including Absorption Rates and Number of Homes Selling.
Downtown San Diego buildings ranked by using several different factors. See how each building ranks based on the 92101 sales in 2019!
December 2019 – The number of new listings has declined by 34 listings from October to November and the number of active listings is also down by 17.
November 2019 – Inventory has remained consistent, but typically staring in October, we see a decrease in the number of homes on the market.
October 2019 – Over quarter 3 of 2019, sales $1,500,000+ only equated for 3.74% of the sales. In October, they made up about 10.42% of the sales.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q3 of 2019, including Absorption Rates and Number of Homes Selling.
September 2019 – Inventory has gone up again to 5.8 months and the number of listings in Downtown San Diego increased from 328 to 335.
August 2019 – In July there were 66 sales in the resale market, which is up from 56 in June. If we included Savina, it would add another 85 sales!
July 2019 – We saw the number of sales drop from May to June and inventory continues to increase. These numbers do not include Savina’s closings.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q1 of 2019, including Absorption Rates and Number of Homes Selling.
June 2019 – 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.
May 2019 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q1 of 2019, including Absorption Rates and Number of Homes Selling.
February 2019 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
February 2019 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q4 of 2018, including Absorption Rates and Number of Homes Selling.
Downtown San Diego buildings ranked by using several different factors. See how each building ranks based on the 92101 sales in 2018!
December 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
November 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
October 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q3 of 2018, including Absorption Rates and Number of Homes Selling.
September 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
August 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
June 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q1 of 2018, including Absorption Rates and Number of Homes Selling.
June 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
May 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
April 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q1 of 2018, including Absorption Rates and Number of Homes Selling.
March 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
February 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
Downtown San Diego buildings ranked based on average sales price, neighborhoods, number of transactions and price per square foot. See how each building ranks based on the 92101 sales in 2017!
January 2018 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q4 of 2017, including Absorption Rates and Number of Homes Selling.
December 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
November 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
September 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q3 of 2017, including Absorption Rates and Number of Homes Selling.
September 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
May 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q4 of 2016, including Absorption Rates and Number of Homes Selling.
May 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
May 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
April 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q4 of 2016, including Absorption Rates and Number of Homes Selling.
March 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
February 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
January 2017 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q4 of 2016, including Absorption Rates and Number of Homes Selling.
December 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
November 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q2 of 2016, including Absorption Rates and Number of Homes Selling.
October 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
August 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
August 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
July 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q2 of 2016, including Absorption Rates and Number of Homes Selling.
June 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
May 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
March 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101, including the number of sales and more!
This is an in depth Market Update for Downtown San Diego’s Real Estate Market focusing on Q1 of 2016, including Absorption Rates and Number of Homes Selling.
March 2016 – Downtown San Diego Condo Market Update. This extensive update provides information for the 92101 zip code.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
This is an in depth Market Update for Downtown San Diego’s Real Estate Market, including Absorption Rates and Number of Homes Selling.
Raving Fans
"My wife and I were fortunate to have met Ryan last year when we were looking for a condo to buy in Little Italy. Although we never purchased in Little Italy, Ryan ended up listing our home in Point Loma. From his initial presentation all the way through closing, Ryan was a complete professional. He was thorough in his research and spot on with his valuation. Ryan is knowledgeable in his field and most importantly, he has integrity. Because of the great experience we had with the listing, Ryan assisted us in finding and closing on our beautiful condo in Bankers Hill. Just recently, Ryan sold an investment property of mine in Encinitas, and he did so without it even hitting the MLS! I was very happy with the results. I highly recommend Ryan as your go-to real estate agent, he is definitely mine."
"I just finished up buying and selling property with Ryan. Ryan is amazing. What sets Ryan apart is that he is a hard worker, very responsive and really cares about his clients. I met Ryan when I inquired about a new project downtown. I was interested in making the move from the suburbs. This required selling my house before I could buy a new place. Ryan showed me around even before I was really ready. I never felt like I was wasting his time. Once we looked at a handful of places, I decided I could make the move. Ryan was really patient with me and the process of the buy and sell which was not the smoothest due to some challenges with the buyer of my place and the seller of my new place. Somehow, Ryan kept me calm and kept all balls in the air so I was able to simultaneously close on both places. I love my new place and am so happy with my decision! I really like Ryan personally and professionally. He is aggressive, energetic, professional and will work his but off to make it happen! Thanks Ryan for all you have done for me! I highly recommend Ryan Ponce."
"Ryan was really excellent, a great partner and guide through the overall process, who looked out for my best interests at every step. I don't often give reviews in general, and rarely 5/5 stars, but Ryan's client service was truly exceptional."
"Ryan is absolutely astounding! I had a house to sell in La Jolla. Being from Virginia, I did not know anything about the San Diego area. Someone recommended Ryan to me, I phoned him and arrived in San Diego the following week to meet with him. We met on a Tuesday, at 11am and discussed his sales strategy. I was very impressed with his knowledge of the area and market that I decided to go with him. By 11am Wednesday (the next morning), Ryan called and informed me that he had a buyer that wanted a quick closing. The offer exceeded my expectations and I signed the papers. My experience with Ryan was exceptional and I highly recommend him for any of your Real Estate needs. Do yourself a favor and go with Ryan."
"Ryan was very helpful and honest when looking at homes. He did not pressure me into choosing something I didn't want. He was available whenever I had a question. Once I finally chose a home he was helpful in negotiating with the Seller's agent and really pushed for the deal to get done. We ran into some issues with the HOA and sellers, none the fault of Ryan's and he was able to inform me what was going on and help get them resolved to close on time. Ryan works well with whatever mortgage agent you use and looks out for your best interest. He made first time home buying almost stress free."
"Ryan just helped me through as a first time home buyer and he was awesome! Since I've never done this before we had lots of questions and he was always quick to respond and very helpful going above and beyond! I would recommend him to anyone for his exceptional service."
"Ryan is awesome!!! He knows his stuff, truly wants to help you find the place that's right for you and always goes the extra mile (he even helped us move!!!). We had such a great experience with Ryan that we're referring him to everyone we know. I highly recommend him for all of your real estate needs!"
"Ryan helped us sell our downtown condo. Over the last 25 years, we have worked with about 8 different realtors as we've bought and sold properties. Ryan is by far, the best realtor that we have ever worked with. He is impeccably honest and professional, and provided the service that we always wished our other realtors had provided. Through the whole process, Ryan was always on top of things, from pricing our unit, getting it professionally photographed, holding frequent open houses, giving us detailed info on showings, negotiating with potential buyers, and with ultimately closing the deal. We've already recommended him to our friends, and we look forward to working with him again!"
"Ryan is a great agent, and as a realtor myself I know what to look for. He is hard-working and thorough, always available and extremely persistent. He knows the area well and I just can't say enough nice things about him. My mom moved to San Diego from out of town and he was so helpful to her in finding a place in an area that would suit her and in seeing her through a difficult process. Highly recommended!"
"Ryan is and was the consummate professional! From the moment we first contacted him after receiving his name from a friend, he was extremely attentive, responsive and helpful. He listened to what we wanted and needed and provided the perfect listings to meet our needs. We were able to view the listings and close/lease our stunning new condo overlooking all of San Diego Bay and The Pacific. Thank you Ryan Ponce for your help. Without you, we wouldn't be living here now."
"Ryan Ponce was wonderful in helping us purchase a condo in downtown San Diego. We were looking to buy a condo for an investment which our daughter could live in as well. So, we not only wanted a property which would have good potential resale value, but also one which would be safe for her. Ryan has an excellent knowledge of the condo market in San Diego and was honest in giving the pros and cons of each building. He was not out to sell us the most expensive, but he truly wanted to help us find just the right place which would fit our individual needs. Ryan worked diligently over a number of months keeping us informed of any listing as soon as it came on the market. He tirelessly researched information on properties we liked, to inform us of any hoa issues which might be a factor down the road. He truly worked in our best interests, and I honestly would recommend Ryan Ponce to anyone interested in buying or selling in the San Diego area!"
"I have used Ryan for several real estate items. I have had him twice rent my downtown condo and when I was through with it, I had him sell it for me as well. He is always available and picks up when I call and even better makes me feel as though my property has his full attention. Without reservation, I can recommend his services. He is a true PROFESSIONAL."
