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Call 619-200-7612
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The San Diego residential real estate market has slowed
some from recent years. Still, most properties are selling within 60 to 90
days. So there is no housing slump. But some families and investors
are finding incredible bargains. To illustrate, compare sales activity in
2006 to the the same activity in 2005. As of the date of this publication,
the numbers are only in through November, so we'll look at Year-To-Date numbers
through November. Here's one example:
Condominiums in 92101 (Downtown San Diego)
Number Purchased or Sold in 2006: 691
Number Purchased or Sold in 2005: 727
Average Condominium/Townhome Purchase or Sale Price in 2006: $708,000
Average Condominium/Townhome Purchase or Sale Price in 2005: $691,000
So overall demand was about the same from a year earlier. There were 36 fewer
downtown condominiums purchased in 2006 (5% fewer sales) and the average
purchase price increased by $17,000 (2 1/2% price increase).
On the supply side:
Number of units listed in 2006: 2,183
Number of units listed in 2005: 1,946
In other words, there were 237 more downtown condominiums listed for sale in
2006 than in 2005. That's a 12% increase in the number of units available, a 5%
decrease in the number of units that were actually sold, and a 2 1/2% increase
in the average purchase price.
What do these numbers mean to you and your real estate plans in 2007? Just send an email to the
San Diego Real Estate Professionals for current home
prices, houses for sales, condominium or investment property listings in your area of interest.
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YTD Activity Report: 1/1/2006 through
11/30/2006
Property Type: Single Family Attached
(San Diego Condominiums and Town Homes/Town Houses)
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|
Zip |
|
New |
Avg LP |
Med LP |
Total New LP |
Sold |
Avg SP |
Med SP |
Total Sold Price |
%SP/LP |
Avg DOM |
|
91901 |
|
75 |
$284,696 |
$299,000 |
$21,352,200 |
27 |
$301,974 |
$313,000 |
$8,153,300 |
99.15% |
73 |
|
91902 |
|
84 |
$334,091 |
$349,876 |
$28,063,704 |
17 |
$319,670 |
$321,000 |
$5,434,400 |
96.41% |
67 |
|
91905 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91906 |
|
1 |
$ |
$1,015,500 |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91910 |
|
375 |
$377,244 |
$374,876 |
$141,466,639 |
118 |
$384,955 |
$385,000 |
$45,424,700 |
97.62% |
68 |
|
91911 |
|
425 |
$359,060 |
$355,000 |
$152,600,595 |
179 |
$354,058 |
$350,000 |
$63,376,400 |
97.98% |
94 |
|
91913 |
|
436 |
$410,721 |
$410,000 |
$179,074,379 |
138 |
$393,716 |
$385,000 |
$54,332,864 |
97.87% |
71 |
|
91914 |
|
120 |
$444,013 |
$439,900 |
$53,281,586 |
32 |
$432,295 |
$429,000 |
$13,833,452 |
98.41% |
61 |
|
91915 |
|
258 |
$448,905 |
$435,990 |
$115,817,595 |
63 |
$439,841 |
$425,000 |
$27,710,032 |
97.41% |
61 |
|
91916 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91917 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91931 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91932 |
|
258 |
$466,990 |
$359,000 |
$120,483,486 |
61 |
$499,696 |
$375,000 |
$30,481,460 |
97.18% |
72 |
|
91934 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91935 |
|
0 |
$0 |
$259,900 |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91941 |
|
166 |
$342,921 |
$315,000 |
$56,924,952 |
57 |
$305,038 |
$295,000 |
$17,387,210 |
95.60% |
81 |
|
91942 |
|
284 |
$338,211 |
$325,000 |
$96,052,028 |
81 |
$323,595 |
$310,500 |
$26,211,213 |
96.95% |
71 |
|
91945 |
|
52 |
$313,827 |
$299,900 |
$16,319,028 |
24 |
$312,084 |
$303,900 |
$7,490,024 |
99.34% |
59 |
|
91948 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91950 |
|
207 |
$253,675 |
$199,900 |
$52,510,907 |
86 |
$234,313 |
$199,900 |
$20,150,994 |
99.72% |
18 |
|
91962 |
|
5 |
$120,200 |
$99,000 |
$601,000 |
2 |
$123,000 |
$86,000 |
$246,000 |
82.55% |
88 |
|
91963 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
$ |
$ |
0.00% |
0 |
|
91977 |
|
306 |
$321,786 |
$318,000 |
$98,466,626 |
91 |
$330,307 |
$325,000 |
$30,057,950 |
98.15% |
70 |
|
91978 |
|
46 |
$314,219 |
$319,000 |
$14,454,097 |
20 |
$306,645 |
$303,000 |
$6,132,900 |
96.88% |
77 |
|
91980 |
|
0 |
$0 |
$ |
$ |
0 |
$0 |
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