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 September 2023 in downtown San Diego there are only 147 condos for sale. This is 1% of the total condo market of 10,850. Prices rose 6.1% in the second quarter. The market seems to have bottomed out at the end of last year, with the prices flat in the first three months and now rising again. Through the first two months of Q3 prices are up 1% over Q2, so momentum is still up but more of a firming up on Q2 than trending upward. 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.
Come experience Urban Living at its finest! One of the select units on the premier top floor of the building, this amazing unit offers expansive views of the downtown sky...
Come experience Urban Living at its finest! One of the premier studios of the Smart Corner building. This amazing unit offers expansive views of the downtown skyline, San...
Atria is located in the Heart of the Marina District! close to the Gaslamp District, Raphs, Ball Park, Convention Center, only short walk to the bay. The unit includes gr...
Rarely available, spacious studio in the desirable Solara Lofts building located in Cortez Hill. Discover the epitome of luxury living in this exquisite building boasting...
Bright and open floorplan in the sophisticated Aria on Cortez Hill. Close to all Downtown has to offer without the hectic frenzy. Wooden floors, movable kitchen island an...
Experience the pinnacle of luxury living at Bayside by Bosa, located in the prestigious Billionaires' Row of Downtown San Diego. Unit 1503 is a testament to refined livin...
The Remarkable Grande North! Immaculate 1 bedroom, 1.5 bath luxury condo with an expansive floor plan and upgrades galore. Professionally remodeled with an organic indust...
Stunning 7th floor upgraded 1 bedroom loft in the award winning Doma! This east facing rarely available unit is full of light and is located on the loft side of Doma. Thi...
Diamond Terrace is located in the epicenter of East Village. This spacious 1 bedroom condo offers floor to ceiling windows, wood plank floors, and a large north-facing ba...
Welcome to the most iconic address in Downtown San Diego - The Harbor Club. This 40th-floor penthouse takes up the entire level and has stunning 360-degree views of SD, C...
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®,
Freshest Data Available
Active Listings Only
Customizable Search Options
New Listing Alerts
Instant Home Value Assessments