Downtown San Diego Luxury Condos Market 2nd Quarter Sales Report

By
Real Estate Broker/Owner with Sky Village Realty Corp BRE#01831996

In the second quarter the trend continues and prices keep rising. Below are the average sales figures for all downtown San Diego luxury condo buildings in the city.

You can read the whole report here: downtown san diego luxury condo market update 2nd quarter 2013

 

Number of Luxury Condo Sales
69

Average Selling Price per Square Foot
$546
(up from $540 in the 1st quarter $521 in 2012 and $484 in 2011)

 

 

Building #
of Sales in Building
Average
of SP$
Average
of SP$/SqFt
Bayside 5 $1,257,000 $635
Cityfront Terrace 7 $578,271 $514
Electra 3 $579,667 $501
Harbor Club 1 $1,500,000 $719
Horizons 8 $644,575 $501
Meridian 4 $1,046,475 $481
Park Place 4 $725,750 $517
Renaissance 7 $772,143 $500
Sapphire Tower 4 $1,350,250 $625
The Grande 11 $723,636 $506
The Legend 3 $529,317 $517
The Mark 9 $625,767 $579
The Metropolitan 1 $3,400,000 $840
The Pinnacle 2 $1,152,000 $768
Averages 69 Total Sales $833,438 $546

*Source: San Diego MLS: Data deemed reliable but not guaranteed.

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Rainmaker
993,218
Aaron Hofmann
Atlanta Communities - Smyrna, GA
aka Mr. Smyrna Vinings

Definitely a trend that we're seeing around the country. Supply down, demand up and prices probably going up quicker if not for extremely conservative appraisals. You could always argue that we should the market place determine the price, just like anything else, but prices are probably escalating too quickly.

Aug 07, 2013 01:15 AM #1
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Rainmaker
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Gonzalo Martin Vidano

SV Premier Real Estate
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