October 2017 Market Update – Downtown San Diego Condo Market
Inventory has been steadily growing, which is great for buyers. It is still a seller’s market, but there are now more options for buyers to choose from. There was a slight increase in the average days on market and inventory hit a year high of a 3.5 month supply. If you want a breakdown by price range, see my Quarter 3 Market Update.
As we go into the 4th quarter of the year, the number of listings tends to fall drastically, especially in November and December. Homes that were on the market going into quarter 4 are sometimes withdrawn and relisted after the holidays. We already saw a drop in the number of sales in September, as well as a decrease in the number of properties to go into escrow during the month.
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
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on October 9, 2017.
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!