The Morning Report
San Diego news and info
you need to take on the day.

Downtown condo inventory was back up to 558 units on the resale market, downtown Realtor Lew Breeze reported yesterday. Prices have wobbled a bit in the last few weeks but are down from the beginning of the year.

The nitty-gritty on asking prices for the week ending yesterday:

  • The average price was slightly lower, $742,288 – a year-to-date decrease of 6.6 percent.
  • The trimmed average price (minus the 15 highest and 15 lowest listings) this week was slightly lower, $682,021.
  • The median price was the same as last week, $595,000, down 8.53 percent from the beginning of the year.

More than 20 units were pending sale, and more than 30 closed sale in the previous 30-day period, during which condos sold for an average of nearly 3 percent less than the asking price.


Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.