2018 Quarter 2 Downtown San Diego Market Update

Downtown San Diego saw 23.7% more sales when compared to quarter 1 of 2018.  Surprisingly, both the $1 m-$1.5m and $1.5m-$2.5m made a strong rebound. There was a 40% increase in sales betweem $1m-$1.5m and a 33.3% increase between $1.5m-$2.5m. This is without taking into consideration the properties that have closed in Pacific Gate. This quarter, there have been 85+ closings in Pacific Gate at an average price of approximately $2,094,848 for a total of $178,063,818! That would greatly increase the stats below and since Pacific Gate’s active listings represent about 6.3% of the inventory on the market, I think it is fair to take that into consideration.

I like comparing stats to the same quarter of the previous year so you can see what has happened over the last 12 months. One of the most shocking stats is how much the average days on market shot up. There was a 55.6% increase in days on market to an average of 42 days.  The average sales price of resale when compared to one year ago has gone up 3.4% and the average price per square foot has gone up by 4.56%. Overall, even though property is taking longer to sell on average, the prices continue to rise.

In this market, it is extremely important to use a professional. It is vital to position your property correctly to insure getting the most money possible in the shortest amount of time. Find out what common mistakes sellers make when selling their property in Downtown San Diego so you can save yourself both time and money!

As a buyer, it is extremely important to work with a professional who knows the downtown neighborhoods! It could cost you the opportunity to own that perfect home you were looking for.

Price Range

• $200,000-399,999
• $400,000-599,999
• $600,000-799,999
• $800,000-999,999
• $1,000,000-1,499,999
• $1,500,000-2,499,999
• > or = $2,500,000

Homes Sold

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Available Homes

Homes Sold

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Available Homes

Homes Sold

Average/Month

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Homes Sold

Average/Month

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Available Homes

Homes Sold

Average/Month

Months Supply

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Homes Sold

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Months Supply

Available Homes

Homes Sold

Average/Month

Months Supply

Available Homes

Homes Sold

Average/Month

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Available Homes

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!

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