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Downtown San Diego Condo Information, Reviews and News

The Future of Downtown San Diego Real Estate

Selection of condos available for sale in Downtown San Diego is very low, as of November 2023 in downtown San Diego there are only 160 condos for sale.  This is 1% of the total condo market of 10,850.  Prices rose 5.2% in the last 12 months and are up 36% in the last 3 years.  The market bottomed out at the end of 2022.  Sales volume is down about 50% from last years monthly rate of sales.

The best agents in downtown are finding off market opportunities for their clients, reach out to me if your looking for something specific your not seeing available online, I have resources and strategies to find condos that can be bought but are not listed for sale. 

I'm expecting very little turnover in 2023 and 2024.  One reason is the spike in mortgage rates discouraging condo owners with a 3% mortgage from trading up knowing they will give up their low rate for a much higher interest rate.  It will take some time for the higher rates to become the new normal and have buyers that are waiting for lower rates to jump back on the market. 

If you want a brand new condo, you have to wait till 2026 or later as there are no new condo buildings under construction at the moment.  A lot of owners have been doing total remodels on their existing condos, so its possible to buy a resale with a newer updated interior.  All but two condo buildings in downtown are over 10 years old now, most are 15-20 years old and just a select few over 20 years old. 

Click here to see my price history chart.

There are two huge construction projects going on in Downtown San Diego that will add several thousand jobs and buyers for near by residential properties.  To read about them see the articles on my blog. 

Popular San Diego Neighborhoods

  • Bankers Hill Bankers Hill
  • Columbia Columbia
  • Core Core
  • Cortez Hill Cortez Hill
  • East Village East Village
  • Gaslamp Gaslamp
  • Horton Plaza Horton Plaza
  • Little Italy Little Italy
  • Marina Marina

Newest Downtown San Diego Condos for Sale

207 5th Ave. Unit #738, Downtown image
207 5th Ave. Unit #738, Downtown — Hard Rock Hotel Sd $305,000

Own California's Hottest Lifestyle in the Gaslamp Downtown SD. The "Hard Rock" Hotel San Diego. This is an incredible opportunity to own a piece of the Rock! A Hard Rock ...

  • 1 Beds
  • 1 Baths
  • 230022993 MLS
  • Hard Rock Hotel Sd Bldg.
  • ACTIVE Status
700 E St Unit #504, Downtown image
700 E St Unit #504, Downtown — Electra $825,000

Welcome to luxury living at Electra! Situated on the courtyard level, residence #504 provides a rare and highly private setting while offering all of the conveniences of ...

  • 2 Beds
  • 2 Baths
  • 230022978 MLS
  • Electra Bldg.
  • ACTIVE Status
950 Sixth Avenue Unit #543, Downtown image
950 Sixth Avenue Unit #543, Downtown — Samuel Fox Lofts $725,000

Unique 5th-floor urban loft inside the historically designated 1920s-era Samuel Fox building. Designed by master architect William Templeton Johnson & built in 1929 for t...

  • 1 Baths
  • PTP2305801 MLS
  • Samuel Fox Lofts Bldg.
  • ACTIVE Status
321 10th Ave Unit #305, Downtown image
321 10th Ave Unit #305, Downtown — Icon $569,000

Welcome to your dream home in the heart of East Village. This place is not just a home; it's a haven of modern luxury and convenience. Inside you'll find a chef's paradi...

  • 1 Beds
  • 1 Baths
  • 230022923 MLS
  • Icon Bldg.
  • COMING SOON Status
330 J St. Unit #607, Downtown image
330 J St. Unit #607, Downtown — Pacific Terrace $665,000

Experience the epitome of downtown living in this exquisite penthouse unit nestled in the highly desirable Marina District. Bathed in natural light with city views, this ...

  • 1 Beds
  • 2 Baths
  • 230022834 MLS
  • Pacific Terrace Bldg.
  • ACTIVE Status
1580 Union St Unit #308, Downtown image
1580 Union St Unit #308, Downtown — La Vista $929,000

Located in the very desirable Little Italy neighborhood in downtown San Diego. Rarely available in the mid-rise building of La Vita. This northeast facing corner unit of...

  • 2 Beds
  • 2 Baths
  • 230022826 MLS
  • La Vista Bldg.
  • COMING SOON Status
1441 9th Ave Unit #201, Downtown image
1441 9th Ave Unit #201, Downtown — Aria $629,888

PRICE, PRICE & PRICE!! Welcome to ARIA, pinnacle of luxury from entrance to community lounge. ARIA is located at beautiful Cortez Hill, which is a very quiet area in Down...

  • 2 Beds
  • 2 Baths
  • 230022824 MLS
  • Aria Bldg.
  • ACTIVE Status
1050 Island Ave Unit #407, Downtown image
1050 Island Ave Unit #407, Downtown — M2i $899,000

Exceedingly rare corner unit at M2i with beautiful city views and a peek-a-boo view of the Coronado Bridge. The M2i complex is the benchmark for the industrial modern aes...

  • 2 Beds
  • 2 Baths
  • 230022768 MLS
  • M2i Bldg.
  • ACTIVE Status
721 9th Ave Unit #4, Downtown image
721 9th Ave Unit #4, Downtown — Moto Villas $774,900

Designed by Award Winning Architect Jonathan Segal, this rarely available 2-bedroom, 2-bath townhome with a private garage offers a convenient Downtown location with easy...

  • 2 Beds
  • 2 Baths
  • 230022762 MLS
  • Moto Villas Bldg.
  • ACTIVE Status
700 E St Unit #3404, Downtown image
700 E St Unit #3404, Downtown — Electra $950,000

Fabulous blue water views atop the Electra luxury high-rise, San Diego's tallest residential building! Enjoy sunrise skies from this 34th floor condo’s spacious windows a...

  • 2 Beds
  • 2 Baths
  • 230022746 MLS
  • Electra Bldg.
  • ACTIVE Status
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS®,

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Mark Mills
Downtown Condo Expert
RE/MAX City Real Estate
888 W E St #703
San Diego, CA 92101
(619) 606-2596

CA BRE# 01360992

https://www.instagram.com/markmillscondoexpert/



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