September 2023 Housing Market – Downtown San Diego Condo Market
In Downtown San Diego, the August condo market presented an intricate set of variables. Sales numbers increased by 46% compared to July, totaling 54 sales. Concurrently, the average sales price rose by 15.2%, with a notable uptick in higher price ranges. These metrics might suggest a straightforward seller’s advantage, but the landscape is more nuanced than that.
While we saw more activity in the market, the number of active listings also increased by 12.8%, resulting in 132 available units. Although listings are up, the total inventory supply decreased by 22.7% due to the elevated sales pace. It’s essential to understand that year-over-year, the inventory has actually increased by 44.3%. This fluctuating supply and demand environment requires astute market understanding for effective navigation.
For those considering entering or exiting this multifaceted Downtown San Diego condo market, an accurate home valuation is more critical than ever. If you’re curious about your property’s standing in this complex environment, I invite you to reach out for a professional assessment. Knowledge is power, and in a market this intricate, you’ll want an experienced guide. Contact me today for a tailored home valuation.
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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 Active Market Time
- Average Active Market Time
- Median Active Market Time
Average List to Sales Price (%)
- Average List to Sales (%)
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
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 San Diego MLS on September 3rd, 2023.
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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!
