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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 getting super low, in fact its the lowest its been in 15 years.  As of March 2023 in downtown San Diego there are only 93 condos for sale.  This is 0.8% of the total condo market of 10,850.  Prices have appreciated about 9.4% in the last 12 months.  However, due to the recent increase in mortgage rates to 6.5% prices are no longer appreciating and dropped 6% in the 3rd quarter and 2% on the 4th quarter.   However, we may have it the bottom as prices so through February are holding at the same pricing level 2022 ended at.  Sales volume is down about 50% lately. The supply/demand equation still favors the Sellers as there are more Buyers than Sellers. 

I'm expecting very little turnover in 2023.  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

2064 Kettner Blvd Unit #38, Downtown image
2064 Kettner Blvd Unit #38, Downtown — The Waterfront $679,000

This impressive loft has it all – the walkable Little Italy location, contemporary architecture, a sleek interior, one of the best water views in the building & affordabl...

  • 1 Beds
  • 1 Baths
  • 230005206 MLS
  • The Waterfront Bldg.
  • ACTIVE Status
321 10th Ave Unit #2304, Downtown image
321 10th Ave Unit #2304, Downtown — Icon $1,150,000

BREATHTAKING 23RD FLR CONDO-HIGHLY FAVORED FLOORPLAN IN THE HIGHRISE- LOCATED IN ONE OF THE MOST SOUGHT AFTER COMLEX ICON! COMPLETELY REMODELED OPEN KITCHEN FLOORPLAN-FL...

  • 2 Beds
  • 2 Baths
  • 230005166 MLS
  • Icon Bldg.
  • ACTIVE Status
1150 J Street Unit #212, Downtown image
1150 J Street Unit #212, Downtown — Metrome $490,000

East Village living at its best. This spacious one bedroom second floor unit at Metrome has it all. Steps to Petco Park, shops and restaurants and the metropolitan librar...

  • 1 Beds
  • 1 Baths
  • 230005164 MLS
  • Metrome Bldg.
  • COMING SOON Status
321 10th Avenue Unit #2106, Downtown image
321 10th Avenue Unit #2106, Downtown — Icon $699,900

BRAND NEW FLOORING JUST INSTALLED! Downtown San Diego has never looked better! This 21st-floor west-facing ICON residence boasts premium views directly into iconic Petco...

  • 1 Beds
  • 1 Baths
  • 230005149 MLS
  • Icon Bldg.
  • ACTIVE Status
700 Harbor Dr. Unit #2006, Downtown image
700 Harbor Dr. Unit #2006, Downtown — Park Place $925,000

Fantastic views from the 20th floor of Park Place! Great opportunity to own in the Marina District. This is a 1-bedroom unit with a large office that can easily work as a...

  • 2 Beds
  • 2 Baths
  • 230005142 MLS
  • Park Place Bldg.
  • COMING SOON Status
777 6th Ave Unit #217, Downtown image
777 6th Ave Unit #217, Downtown — The Lofts @ 777 $465,000

Location, location, location. Wonderful loft style, one bedroom condo in the Gaslamp Quarter. Fresh paint and brand new carpet. Large balcony, in-unit laundry, assigned &...

  • 1 Beds
  • 1 Baths
  • 230005122 MLS
  • The Lofts @ 777 Bldg.
  • ACTIVE Status
325 7th Ave Unit #1808, Downtown image
325 7th Ave Unit #1808, Downtown — The Legend $949,000

Elevate your lifestyle at The Legend condominiums with unforgettable panoramic views of the bay, skyline, city lights and even the mountains. This NW corner residence i...

  • 2 Beds
  • 2 Baths
  • 230005100 MLS
  • The Legend Bldg.
  • ACTIVE Status
1080 Park Blvd Unit #308, Downtown image
1080 Park Blvd Unit #308, Downtown — Smart Corner $364,900

Downtown living at its finest. East Village studio loft just blocks away from Petco Park, Gaslamp District, and Waterfront. Move in ready with fresh paint, hardwood floor...

  • 1 Baths
  • 230005035 MLS
  • Smart Corner Bldg.
  • ACTIVE Status
425 Beech Street Unit #613, Downtown image
425 Beech Street Unit #613, Downtown — Acqua Vista $745,000

Experience the San Diego lifestyle in this beautiful Acqua Vista residence in Little Italy. Dine at your choice of stellar restaurants nearby and enjoy downtown living ju...

  • 2 Beds
  • 2 Baths
  • 230005031 MLS
  • Acqua Vista Bldg.
  • ACTIVE Status
700 Front Street Unit #1805, Downtown image
700 Front Street Unit #1805, Downtown — The Meridian $2,800,000

Gracious living and unprecedented lifestyle! Situated in the heart of the Marina District of downtown San Diego, this rarely offered unit has breathtaking views of the Pa...

  • 2 Beds
  • 3 Baths
  • 230005030 MLS
  • The Meridian 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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