Downtown San Diego Condo Market on Fire

Downtown San Dego Real Esatte Market
Downtown San Diego

This past March was an incredibly hot market for Downtown San Diego Condo sales.

According to our San Diego MLS (Sandicor) ended up with 94 total sales. That is a significant increase in total number of sales compared to the 63 total sales in February 2013.

Here’s the March breakdown:

81 sales were regular sales versus 50 for February.
11 were short sales versus 11 for February.
5 were foreclosure sales versus 2 for February.

Other Quick Facts:

Highest sale Sapphire Tower, 27th floor, 3 Bedroom unit for $1.8M
Lowest sale was in the Element, 7th floor, 1 Bedroom unit for $154,000
94 total sales of Downtown Condos (67 for February) with average sales price of $560,000 (February was $450,000)
155 Active Listings as of April 1, 2013
Average Days on Market to Sell: 45 Days

Breakdown by Neighborhood:

East Village – 21 Total Sales, average price was $410,000
Columbia District – 22 Total Sales, average price was $748,000
Little Italy – 13 Total Sales, average price was $364,000
Marina District – 17 Total Sales , average price was $864,000
Cortez Hill – 10 Total Sales, average price was $389,000
Gaslamp Quarter – 0 Total Sales

Tips for Selling Your Home for Top Dollar and Fast!

Real Estate inventory levels continue to shrink as demand continues to climb. If you are thinking of selling your home or condo, your timing couldn’t be better. Positioning your property correctly will result in multiple offers with a fast and clean sale. If you are thinking of purchasing a home or condo, this is a very good time to take that first step.

Prices are already on the rise, interest rates will be soon to follow. We may never again see affordability like this again in our lifetimes. Thinking about buying? The time is right, don’t let the market pass you by! Thinking about selling? It makes sense, especially if you are “moving up”. Either way, give us a call at either 877-818-8197 or 760-402-9101. Or email: