06Jul
By: Ryan Ponce On: July 6, 2018 In: Downtown San Diego, Market Update Comments: 0

2018 Quarter 2 Downtown San Diego Market Update

Downtown San Diego saw 23.7% more sales when compared to quarter 1 of 2018.  Surprisingly, both the $1 m-$1.5m and $1.5m-$2.5m made a strong rebound. There was a 40% increase in sales betweem $1m-$1.5m and a 33.3% increase between $1.5m-$2.5m. This is without taking into consideration the properties that have closed in Pacific Gate. This quarter, there have been 85+ closings in Pacific Gate at an average price of approximately $2,094,848 for a total of $178,063,818! That would greatly increase the stats below and since Pacific Gate’s active listings represent about 6.3% of the inventory on the market, I think it is fair to take that into consideration.

I like comparing stats to the same quarter of the previous year so you can see what has happened over the last 12 months. One of the most shocking stats is how much the average days on market shot up. There was a 55.6% increase in days on market to an average of 42 days.  The average sales price of resale when compared to one year ago has gone up 3.4% and the average price per square foot has gone up by 4.56%. Overall, even though property is taking longer to sell on average, the prices continue to rise.

In this market, it is extremely important to use a professional. It is vital 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 - 235 Homes
6 Months - 429 Homes
12 Months - 876 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending

$200,000-$399,999

Homes Sold

3 Months - 46 Homes
6 Months - 83 Homes
12 Months - 171 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 - 91 Homes
6 Months - 168 Homes
12 Months - 340 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 - 50 Homes
6 Months - 93 Homes
12 Months - 192 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 - 22 Homes
6 Months - 41 Homes
12 Months - 81 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 - 21 Homes
6 Months - 36 Homes
12 Months - 62 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 - 4 Homes
6 Months - 7 Homes
12 Months - 25 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 - 1 Homes
6 Months - 1 Homes
12 Months - 5 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 June 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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