November 2019 Market Update – Downtown San Diego Condo Market
As expected, the average sales price dropped down to normal levels after the spike in September. Market time has continued to climb and would be even higher if we took into account property that expired and relisted. Inventory has remained consistent, which is interesting because typically staring in October, we see a decrease in the number of homes on the market. There was a very minor decrease last month. I am expecting we will see a decrease in both November and December as well.
Only 50 homes sold last month, which is a 19.3% decrease when compared to October of 2018. The slowest time frame over the last year was November 2018 – February 2019. I am hoping we do not see a slow down as drastic as the year prior.
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.
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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 November 11th, 2019.
And Always Remember, It Matters Who You Work With!
Give me a call today at (619) 228-6790 or email me at Ryan@www.livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!