07Nov
By: Ryan Ponce On: November 7, 2018 In: Downtown San Diego, Market Update Comments: 0

November 2018 Market Update – Downtown San Diego Condo Market

Inventory has decreased slightly for the second month in a row, but typically a larger decrease is anticipated as we head into the holiday months. If you look at the inventory curve in the months of November and December, we saw a very large drop. Last month was the second lowest number of sales we have had in a 14 month period. We had 24.3% less sales when compared to October of 2017 and there were 82 more listings on the market this year. We also saw a large decrease in the number of homes that went into escrow in October.

Despite the decrease in sales, the average sales price in downtown shot up to $715,049, which is the highest it has been in the last 14 months.

As the market slows down and becomes more of a normalized market, it is important to understand why you shouldn’t settle for mediocre.

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. It could cost you time, money, and your perfect home!

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 November 6th, 2018.

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!

And Always Remember, It Matters Who You Work With!

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