By: Ryan Ponce On: September 17, 2023 In: Downtown San Diego, Market Update Comments: 0

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.

Find Out Your Condo's Value

Sign Up For Our Newsletter

* indicates required

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.

Sign Up For A Free Home Valuation!

And Always Remember, It Matters Who You Work With!

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!