I don't know if this increase of median price is an anomaly or an actual increase. I think a couple of months will tell us if the bottom of the market has been reached or if this is just a hiccup.

Check this link for updated Downtown San Diego Median Prices

By Sharyn & Victoria Crown, Downtown San Diego real estate brokers

This is part of a series of articles entitled, New Condos, Downtown San Diego Style

Here is quite a historical chart showing the ups and downs of Downtown San Diego condo sales. Although the market is at the lower end right now, there is still underlying value in owning a Downtown San Diego condo. San Diego is a world-class city and nothing changes that fact. Investors are now starting to view our downtown marketplace as a possible opportunity.

If you love the Downtown San Diego lifestyle, now is the time to take a serious look at purchasing. The one thing I have learned in my career is that market changes occur in an instant. You will be amazed at the speed of change. Waiting for the bottom of the market is like playing Russian roulette. You never know where the market is going to bottom. Remember buying is for living, not for making a killing. What price is there on lifestyle?

By Sharyn & Victoria Crown, Downtown San Diego real estate brokers

This is part of a series of articles entitled, New Condos, Downtown San Diego Style

What is the Market Action Index?

and who cares?

The Market Action Index (MAI) is a number created by Altos Research and it is a very interesting way to view a marketplace. The number is created by using the currentrate of sale versus the current inventory. The higher the index the more of a seller's market. The lower the index the more of a buyer's market.In other words an MAI value higher than 30-33 indicates a seller's market that is starting to absorb inventory in a faster timeframe.

The Downtown San Diego Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.

As you can see from the historical chart, the market conditions have been up and down over the last several years. The current 19 index is higher than the previous 16 index, and not as low as mid-2008's index of 10.One simple point is that we are in one of the best buyer's market in our lifetimes.

If you would like to see current updates in the marketplace just visit our research page by clicking here.

By Sharyn & Victoria Crown, Downtown San Diego real estate agents

This is part of a series of articles entitled, New Condos, Downtown San Diego Style