Downtown San Diego Condo Median Price 2008Downtown San Diego Condos in the city

The Down Town median condo price for 2007 was $538,000. This median condo price for Downtown San Diego condos was $52,000 less than last years median condo price of $590,000. It is $ 82,000 less than the peak median condo price of $620,000 in 2004. The Downtown San Diego condo market is somewhat saturated with many bank owned condos, foreclosures and short sales. Many of the new Downtown San Diego projects, new condo developments in Downtown San Diego were put on hold because of the slowing market. It's a good thing they did or we would really have some inventory problems now in 2008.

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Downtown San Diego is still a very desirable place to live in San Diego. San Diego is a great city and if you have ever visited San Diego especially in the past few years you know what I mean. With attractions like PETCO Park and the San Diego Padres, Gaslamp, Little Italy and so many other great downtown areas, the Downtown San Diego scene is very happening. Right now its bargain time for Downtown San Diego real estate and in February 2008 there are over 400 condos on the market in 92101 Downtown San Diego. Call us to preview these San Diego Condos.

Year Med PriceSan Diego Downtown Condos 2008

1988 $162,500
1989 $150,000
1990 $183,000
1991 $200,000
1992 $175,000
1993 $153,000
1994 $154,000
1995 $166,250
1996 $160,000
1997 $175,500
1998 $210,000
1999 $260,000
2000 $350,000
2001 $326,000
2002 $405,000
2003 $479,000
2004 $620,000
2005 $597,500
2006 $590,000
2007 $538,000

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All information is believed to be correct but not guaranteed.

 
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3 Comments on Downtown San Diego Condo Median Price 2008

Great post. Do you expect the prices to continue to dip into 1st Qtr 2009?

www.re-syndicate.com

08/04/2008 10:45 PM by Max D


Hey, Mike.

I've been doing a ton of inspections in 92101 the past few months. Seems business is picking up in that zip with prices being reasonable for the views and the things to do.

08/19/2008 02:40 AM by Russel Ray, San Diego home inspector (Property Consultant)


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Real Estate Agent: Mike Lewis                               San Diego Realtor (Dawn Sells San Diego)
Mike Lewis San Diego Realtor
San Diego, CA
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