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Number of Downtown San Diego Condos Sold has Been Increasing from Month to Month

By in Downtown San Diego Real Estate|Downtown San Diego Real Estate Market Analysis|May 2012 with 0 Comments

Number of Downtown San Diego Condos Sold has Been Increasing from Month to MonthThe number of Downtown San Diego Condos and Downtown San Diego Lofts sold in April of 2012 is showing the most amount of homes sold in 2012. We started out the year with 51 homes sold in January and we are from there experiencing an increase of homes sold from month to month. There were 105 sales in April which is up from 85 sales from March.  This is the first time we had over 100 sales since August of 2011.  However, our average sale price dropped slightly from last month from $472,696 to $465,479.  We believe part of this is from the 21 units closing in April at Smart Corner and most of them are under $200,000.  The resale market is strong accounting for over 50% of the sales for April and cash buyers remain high at 47%. ')}