09Jan
By: Ryan Ponce On: January 9, 2020 In: Downtown San Diego, Market Update Comments: 0

January 2020 Market Update – Downtown San Diego Condo Market

The number of sales jumped up by 11 homes in December versus November, which is a surprise. In December of 2018, there were only 42 sales. In December of 2019, there were 61, which is a 45.2% increase. The number of sales in quarter 4 from 2018 to 2019 increased by 8.7%.

Inventory dropped down to 4.7 months due to the decrease in active listings and the increase in sales in December. We are likely going to see a substantial increase in the number of listings in January, so the month’s supply will likely climb.

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.

As the market heads towards a balanced market, now more than ever it is important to work with a professional! 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.

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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 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

New Listings

Active Listings

Pending Listings

Sales Volume ($) in the Millions

*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on January 9th, 2020.

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!