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May 09, 2012

Downtown San Diego Condos Sales Report - May 2012
The average price per square foot for condos in downtown San Diego, California
is about $385, dup just over 6.5% from a year ago. The median sales price for homes sold between January 12th and March 12th was just under $500,000 based on 26 homes sold.

Compared to the same time frame a year ago, the median price is up just over 3%, and the number of home sales is down more than 24 percent. Currently, there are 339 new and used homes listed for sale in the downtown area, and 299 homes are either in pre-foreclosure, auction, or bank-owned status. In the week ended April 25th, the average listing price for homes on the market in downtown San Diego was just over $700,000, up up 2.2 percent from the week before.

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