Downtown San Diego condos: July 2010 Sales Statistics

Downtown San Diego Listings, Sales and Closings

San Diego Downtown condo sales statistics have been on an interesting journey over the last few years.  Look at the comparisons of Downtown San Diego inventory, pending closings, and csold losings.  10.8% of the inventory sold and closed in July 2010. That is a really scary statistic for sellers.  You either price your condo correctly or you don't sell.  It's pretty simple and very obvious when you see the numbers on paper.

You will see the disconnect between buyers and sellers with the following chart.

Downtown San Diego Square Footage Listings and Sales

 This chart also reinforces the disconnect buyers and sellers of Downtown San Diego condos are wrestling with as sellers price and buyers buy.  This is a really amazing set of statistics.  Just look at how how sellers are pricing per square foot and how low buyers are purchasing per square foot.  The numbers are somewhat disconcerting to say the least.

In our opinion, only sellers who have a good reason to be selling should sell in this marketplace.  Short sales and foreclosures are supressing the prices. The question becomes how long is this going to go on?  After 34 years+ representing buyers and sellers in San Diego, this is one of the few times where I cannot see the end yet.  Economists keep babbling that we are in a recovery, but when you look at these Trendgraphix statistics, it is hard to believe the economists vs the reality of the marketplace.

On the flip side of the coin, purchasing right now is the best opportunity I have seen in my career.  There are Downtown San Diego units that are bargains, and for the motivated and ready buyer, this may be the time.  Financing is only going to get harder, so perhaps it is time to take the plunge.  Contact us with any questions or help we may be able to provide.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents specialzing in San Diego real estate.  Visit us on  our San Diego Crowns Real Estate  Facebook page.  Text SDCROWN to 87778 to search properties on your mobile phone

Downtown San Diego Condos: May 2010 Average List Price vs Average Sales Price

Here is the latest May 2010 list/sale statistics for Downtown San Diego condos.  I always love graphs because a picture tells the story.  There is a significant discrepancy between what sellers want as a listing price and what buyers are actually paying.

If you are interested in the full Downtown San Diego condo report, including 92101 sales statistics just let us know and we will be happy to email you the 5 page report.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents specialzing in Downtown San Diego condos.  Visit us on  our San Diego Crowns Real Estate  Facebook page.  Text SDCROWN to 87778 to search properties on your mobile phone

Downtown San Diego Condos: Fantasy vs Reality

Sometimes fantasty and reality collide.  This may be one of these times.  Take a look at this graph for Downtown San Diego sales statistics.  You will see there is a 44% pricing discrepancy between what is listed for sale as compared to what has actually sold.   I think what this means is that the lower end of the market priced under $450,000 is what is really selling.

We have sold two Downtown San Diego condos last week.  Both units are builder units.  We showed our buyers a plethora of inventory but it turns out that the builders are offering the best pricing, best terms, and best concessions.  Plus from a buyer's standpoint there is a high probability that the sale can close versus waiting and waiting for the short sale lenders to get off their rear ends and get the transaction done.

If you would like to know where some of the best valued inventory is located in Downtown San Diego, call Victoria 619-977-3174.  She is showing units most every day of the week.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents specialzing in Downtown San Diego condos.  Visit us on  our San Diego Crowns Real Estate  Facebook page.  Text SDCROWN to 87778 to search properties on your mobile phone.

Downtown San Diego Condos: Condos Listed and Condos Sold

Here is the Downtown San Diego Condos Listed and Sold Report for the last three years.  If you would like the entire report including price per square foot, just contact us and we will be glad to email the 5 page report to you or you can click the Trendgraphix Charts link.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents.  Visit us on  our San Diego Crowns Real Estate Facebook page.

Downtown San Diego Condos: Across the Bridge in Coronado

Since Coronado is just across San Diego Bay and where my office is, we like to compare Coronado and Downtown San Diego sale statistics.  Since  the Downtown San Diego real estate market is one of condos, there isn't a comparison with Coronado single-family homes.  For those of you interested in Coronado condos, that will be in tomorrow's blog.  For now here is the statistical report for Coronado sold homes.  If you would like the entire 5 page report, just click Coronado SFR January 2010 Sales.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents.