All Downtown

$200,000-$399,999

Every listing currently on the market in this price range is at the Hard Rock Hotel, but only 1 out of 15 sales under $400k happened in the Hard Rock. That means that 14/15 of the sales, or 93.3%, of the condos sold were outside of the Hard Rock. If you’re looking for a traditional condo under $400k, there are literally zero options for you to chose from.

$400,000-$599,999

The number of sales in this price range has decreased by 36%, but that is largely due to not having options for buyers. There are currently 21.33 homes selling per month in this price range, 32 under contract, but only 9 options on the market!

$600,000-$799,999

This was one of the few price ranges where the number of sales went up. In addition to more homes selling, available inventory is also down -11.1%. On average, 22.67 homes are selling per month, but there are only 8 homes currently on the market.

$800,000-$999,999

Technically, we saw an increase in inventory in this price range. We went from having 5 active listings to having 6 in this price range. There are currently 11 homes under contract in this range and there’s an average of 10.67 homes selling per month.

$1,000,000-$1,499,999

Over the last year, activity in this price range has drastically increased. In Q1 of 2021, there were 21 sales in this range, but last quarter there were 38 (+81%). At the same time, inventory is down -82.9% and we went from a 5.6 month supply to just 0.6 month supply.

$1,500,000-$2,499,999

The number of sales in this price range doubled when compared to last quarter (Q4 2021), but the number of available options also went up 66.7%. There are currently 10 options on the market and 7 under contract. Overall, the good property in this price range is moving fast, especially if it has a view.

> or = $2,500,000

The number of sales in this price range also doubled. I think this is the most sales I’ve seen above $2.5m in one quarter. In Q1 of 2021, there was only 1 sale above $2.5m and only 5 from Q2 of 2020 – Q1 of 2021. What is more amazing is that there are 7 homes currently in escrow in this price range.

*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on April 13th, 2022.