June 2008 Home Sales and Median Price Statistics
July 25th, 2008 by 
Mike 
We keep saying that the numbers do not lie. In an exclusive Real Estate market like Downtown San Diego, it is always hard to balance everything you hear in the news to the ACTUAL numbers from day to day sales. The following is a link that I recommend bookmarking and/or adding to favorites. June 2008 Statistics The website DQ News is a great resource for information and statistics on California Home Sales and Median Prices. Every month this year Downtown San Diego performs in the top 5 real estate markets for all of San Diego. According to this graph presented, 78 total homes have sold in Downtown YTD. The Median price is $500k, up 6.6% from this month in 2007. Overall, Downtown Real Estate has held it’s value relatively well. This is due in large part to quality and luxury construction, and “Location Location Location”. This is still a buyers market in Downtown San Diego, and there are still tons of great deals for Downtown San Diego Condos and Downtown San Diego Lofts. Let us know when 92101 Urban Living can schedule viewings and a Market Tour for you to see all of the opportunities out there!
Posted in July 2008, Downtown San Diego Real Estate Market Analysis, Downtown San Diego Urban Lifestyle, Downtown San Diego Real Estate | 
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July 26th, 2008 at 11:04 am
Amazing that value has stayed strong in downtown given only 78 total sales have occured year-to-date. I’ve read an article saying downtown should average 50 transactions per month or 600 per year. This illustrates the clear disconnect that markets should be analyzed on a local level rather then generalizing them with the national market.
July 28th, 2008 at 3:57 pm
I’m not sure why some of those government reports have sounded so optimistic. I’m not a big fan of lowering standards just to make one feel better. That’s not an achievement. Just tell it like it is.