07Jan
By: Ryan Ponce On: January 7, 2020 In: Downtown San Diego, Market Update Comments: 0

2019 Quarter 4 Downtown San Diego Market Update

The final quarter of each year typically has the least amount of activity. Quarter 4 of 2019 was no exception. In Quarter 3, there were 187 sales compared to 153 in quarter 4. That was 18.18% less for the quarter, but the number of available listings was also down by 21.94%.

If we compare quarter 4 to 2018’s Q4, we had 3.38% more sales in Downtown San Diego. On top of that, we entered 2020 with 65 properties in escrow. That’s an increase of 35.42%!

In 2019, there were a total of 695 sales on the multiple listing service (MLS) in Downtown San Diego. In 2018 there were 793 sales. That means we saw a 12.4% less sales in 2019 vs. 2018. That is a drastic difference. That doesn’t take into consideration any new construction sales. There were approximately 225 new construction sales between Savina and Pacific Gate. Click the link if you want to see the stats for Downtown San Diego high rise buildings.

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 San Diego neighborhoods! Now that inventory is growing, working with a professional that knows and understands the Downtown market is vital. It will help you save time, find the right property for you, and lately there have been options coming up that are drastically under market value. Work with someone who can help navigate the market.

All Downtown

Homes Sold

3 Months - 153 Homes
6 Months - 343 Homes
12 Months - 690 Homes

Average/Month

  • 12mo
  • 6mo
  • 3mo

Months Supply

  • 12mo
  • 6mo
  • 3mo

Available Homes

  • Active
  • Pending

$200,000-$399,999

Homes Sold

3 Months - 31 Homes
6 Months - 74 Homes
12 Months - 155 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 - 61 Homes
6 Months - 134 Homes
12 Months - 264 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 - 31 Homes
6 Months - 64 Homes
12 Months - 133 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 - 14 Homes
6 Months - 31 Homes
12 Months - 65 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 - 11 Homes
6 Months - 27 Homes
12 Months - 54 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 - 5 Homes
6 Months - 10 Homes
12 Months - 13 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 San Diego MLS on January 3rd, 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!

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