Downtown San Diego Condo Sales Continue Trending Upward
The Mark Company has released their latest Trend Sheet for the month of November, using a proprietary method for calculating pricing indexes in Downtown San Diego. According to their numbers, San Diego is looking up when it comes to condo sales.
For new construction units, the pricing index has gone up 13 percent year over year and maintained one percent growth from October. The 256 available new units are up 11 percent from last year.
For resale units, while the market has been flat monthly, it remains up nine percent from November 2016. Resales were down 11 percent from October but remain up three percent year-over-year.
Two actively selling properties noted include Pacific Gate (888 West E St.), and the Savina (1372 Kettner Ave). Since marketing began in February 2016, the Pacific Gate has sold 145 of its 216 units with list prices ranging from $1,014,900 to $4,500,000. The Savina began its marketing in June of this year and has since sold 100 of its 285 units sold. List prices here range from $631,000 to over $3,600,000.