09Apr
By: Ryan Ponce On: April 9, 2018 In: Downtown San Diego, Market Update Comments: 0

2018 Quarter 1 Downtown San Diego Market Update

Going in to Quarter 2, we are currently at 263 listings in Downtown San Diego. This is a 31.5% increase from a year ago. In Quarter 1 of this year, we had a total of 190 sales, which is a 20.1% increase. While inventory is growing, we are having a steady amount of sales.

This growth in sales doesn’t take into consideration all of the closings happening at Pacific Gate, which had about 70% of it’s residences under contract at the end of the pre-sale process. Pacific Gate started to close out these homes at the beginning of March. While it doesn’t reflect in the numbers on the MLS, Pacific Gate holds a huge market share. The average sales price is well over a $1,000,000 in the building and there will be over 150 closings in the community over the next few months.

In this market, it is extremely important to use a professional. It is extremely important 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.

All Downtown

Homes Sold

3 Months - 190 Homes
6 Months - 409 Homes
12 Months - 869 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending

$200,000-$399,999

Homes Sold

3 Months - 35 Homes
6 Months - 79 Homes
12 Months - 172 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending
Search This Price Range

$400,000-$599,999

Homes Sold

3 Months - 77 Homes
6 Months - 164 Homes
12 Months - 342 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending
Search This Price Range

$600,000-$799,999

Homes Sold

3 Months - 41 Homes
6 Months - 89 Homes
12 Months - 189 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending
Search This Price Range

$800,000-$999,999

Homes Sold

3 Months - 19 Homes
6 Months - 36 Homes
12 Months - 76 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending
Search This Price Range

$1,000,000-$1,499,999

Homes Sold

3 Months - 15 Homes
6 Months - 27 Homes
12 Months - 55 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending
Search This Price Range

$1,500,000-$2,499,999

Homes Sold

3 Months - 3 Homes
6 Months - 11 Homes
12 Months - 27 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending
Search This Price Range

> or = $2,500,000

Homes Sold

3 Months - 0 Homes
6 Months - 3 Homes
12 Months - 6 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending
Search This Price Range

*All information is deemed reliable, but not guaranteed. Information obtained through the Sandicor MLS on April 3rd, 2018.

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!

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