November 2016 Market Update – Downtown San Diego Condo Market
While the number of sales and active listings remains relatively flat compared to last month, inventory is taking a huge plunge. This is probably largely due to the holiday season and sellers who are pulling their property from the market for the next couple of months. The number of active listings took dropped 11.6% from 190 listings in September to only 168 listings in October. This is the lowest amount of inventory we have seen in well over 10 years!
Price per square foot also took a huge leap up. In September, the average price per square foot was at $570 and in October it hit an average of $593 (4.0% increase). If this number continues to trend upward, it will exceed the highs we saw in 2006.
If you are looking to purchase a home in Downtown San Diego, it important to have a competitive edge. Find out what mistakes buyers are making when purchasing property downtown. It could cost you time, money, and your perfect home!
Homes are selling quickly and for more money! Learn how to avoid common mistakes sellers are making in Downtown San Diego so you can net more money when selling your home! There is a difference between listing your home and selling it for top dollar.
Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Market Time
- Average Market Time
- Median Market Time
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Months Supply of Inventory Forecast (Pending Listings)
# Active Listings / # Pending That Month
Average Vs. Median List to Sales Price (%)
- Average List to Sales (%)
- Median List to Sales (%)
Number of Sales
New Listings
Active Listings
Pending Listings
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on November 11th, 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!
