Week 1 – San Diego Downtown Closed Real Estate Sales

by Jeffrey Douglass on January 8, 2010

in Communities, Downtown, Real Estate, Statistics

15 closed condo sales in 92101 for December 27th to January 2nd, 2010

Search includes 92101 zip code for attached units reported closed sales by Sandicor Multiple Listing Service (MLS) for downtown San Diego real estate.

  • Metrome – 0/1 – 572 Sq. Ft. – List Price $168,900 – Sales Price $164,00
  • Gaslamp City Square – 1/1 – 547 Sq. Ft. – List Price $229,900 – Sales Price $229,900
  • 777 Lofts – 1/1 – 692 Sq. Ft. – List Price $229,600 – Sales Price $230,500
  • Treo – 3rd Floor – 1/2 – 921 Sq. Ft. – List Price $249,000 – Sales Price $251,000
  • The Mills – 2/2 – 1106 Sq. Ft. – List Price $265,000 – Sales Price $260,500
  • Treo – 9th Floor – 871 Sq. Ft. – List Price $263,000 – Sales Price $280,000
  • Grande North – 5th Floor – 1/2 – 889 Sq. Ft. – List Price $310,000 – Sales Price $310,000
  • Park on 10th – 2/2 1147 Sq. Ft. – List Price $367,000 – Sales Price $363,000
  • Columbia Place – 2/2 – 1038 Sq. Ft. – List Price $415,000 – Sales Price $385,000
  • M2i – 6th Floor – 1/2 – 1283 Sq. Ft. – List Price $398,900 – Sales Price $390,000
  • The Mills – 3/2 – 1702 Sq. Ft. – List Price $399,000 – Sales Price $399,000
  • City Front Terrace – 1/1 975 Sq. Ft. – List Price $449,000 – Sales Price $422,500
  • La Vita – 8th Floor – 2/2 – 1231 Sq. Ft. – List Price $465,000 – Sales Price $445,000
  • 206 W Ivy – 4/5 – 1754 Sq. Ft. – List Price $799,000 – Sales Price $682,500
  • Grande South – 31st Floor – 3/2 – 1944 Sq. Ft. – List Price $1,495,000 – Sales Price $1,375,000

Average price sold for all sales was $412,527 with an average of $355.69 per square foot. Average days on the market was 89.

Year end numbers for 2009 for attached units in 92101 downtown San Diego 795 sold listings.  This would not include For Sale By Owner or many developer sales which may not be reported to the MLS.

  • Highest sale in 2009 was $6,160,000 or $1,097.75 per square foot.
  • Lowest sale in 2009 was $109,900 or $171.17 per square foot.
  • Average sales price for 2009 was $461,998 0r $398.77 per square foot.
  • On average properties sold for 97% of asking price.
  • Average days on the market was 64.

I will have a year end analysis available in the next several weeks once all the numbers are in and I have had time to compare them with San Diego County records.  Stay tuned.

Now the legal stuff:  Not all sales are reported to Sandicor MLS, and sales may not be reported on a timely basis by the listing agent.