Downtown San Diego has the last couple of months seen developer sales come to an end and therefore having resale’s take over a big part of the inventory. As of today, 178 Downtown San Diego Condos and Downtown San Diego Lofts are for sale. Even though we are experiencing a super low number of inventory the number of sales has increased since the beginning of the year. The graph above is showing us that 51 homes were sold in January, 68 in February and 85 in March. It is hard to believe that the first quarter of the year is already over. The average sale price jumped up 23% to $472,696 fueled by 6 properties selling over 1 Million in March. Cash buyers remain strong, accounting for 48% of the transactions for the month. Short sales doubled from 11 in February to 22 in March and resale transactions are holding strong at 49%.
Other very informative blogs showing statistics of the Downtown San Diego Real Estate market can be found by clicking Downtown San Diego Condos & Lofts Sold – Cash vs. Financing in February 2012 and Downtown San Diego Condos & Lofts Sold by Type of Sale 2011. ')}
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