Inventory of resale condos on the market in downtown saw a seven-unit increase this week to 551 units, according to data pulled from the MLS this morning by downtown Realtor Lew Breeze.
Here’s a taste of the fluctuations in asking prices:
- Average price: $743,843 – lower than last week, down 6.4 percent year-to-date.
- Trimmed average price (minus top 15 and bottom 15 listings): $683,369, slightly higher than last week.
- Median price: $594,500 – lower than last week, down 8.5 percent year-to-date.
Twenty-seven units closed sale during the past 30 days and 27 units were pending sale. Final sales prices were an average of 3.5 percent less than the asking price for the property during the same 30-day period.
At the ends of the spectrum, Breeze found that the least expensive condo unit to close sale downtown in the last 30 days was at M2i, near Petco Park. The fifth-floor, 603-square-foot loft unit sold for $299,000 on Sept. 12.
And the most expensive? A 2,967-square-foot, 34th-floor condo at The Pinnacle, which sold for $4.25 million on Sept. 29. The Pinnacle is on Front Street in the Marina District.