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Downtown San Diego Condos 2012 Sales Report

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Downtown San Diego Condo Market Report

The 2012 calendar year marked a terrific “comeback” period for the downtown San Diego condo market with prices finally leveling off and actually turning around and gaining upward momentum.

There were 899 MLS registered property sales in downtown San Diego throughout 2012. Please note that this only includes the downtown market (92101 zip code) and the figures represented here are only for MLS registered sales which might not include new construction condo sales, for sale by owner transactions and other re sale units not posted into the MLS by the selling brokerage. However, as most Real Estate sales today happen thru cooperating brokers on the MLS these figures are a great representation of the current state of the downtown San Diego Real Estate market.

The average selling price for a downtown San Diego condo in 2012 was $470,852 (up from $425,850 in 2011).

The average selling price per foot for a downtown San Diego condo in 2012 was $400 per foot (up from $366 in 2011).

Selling prices for downtown San Diego condos in 2012 ranged between $92,000 (for a studio residence in the Element building) to $2,850,000 (for a 3 bedroom 2.5 bath condo at The Pinnacle luxury high rise building).

Pricing per square foot ranged from $175 for a studio residence in an entry level building to $1,080 for a penthouse residence in a luxury condo building.

On average downtown San Diego condo sellers in 2012 received 98% of their asking price.

To see a complete list of closed property sales in downtown San Diego please see Downtown San Diego 2012 Closed Real Estate Transactions.

Related Info: See Downtown San Diego 2011 Condo Sales Report.

Building with the least Sales

There were several buildings with just 1 condo sale in 2012. Amongst them are The Metropolitan, Columbia Place and several Bankers Hill smaller residential complexes.

Building with the most Sales

The building with the most sales in 2012 was Acqua Vista with 36. This is not surprising as this Little Italy high rise was flooded with foreclosures and short sales throughout 2012.

This was followed by Treo and The Grande with 34 sales each respectively.

Lowest & Highest Priced Buildings (Average pricing per Square Foot)

Lowest Average Price per Foot

  1. Heritage House = $183 / foot
  2. Element = $201 / foot
  3. Casiola = 230 / foot

Highest Average Price per foot

  1. The Metropolitan = $758/foot
  2. The Pinnacle = $627 / foot
  3. Bayside = $581 / foot

 

Neighborhood with the least Sales

The neighborhood with the least sales was Bankers Hill with 42 sales followed by the Gaslamp District with 60 sales. This last is not surprising as the Gaslamp only has 3 residential buildings.

Neighborhood with the most Sales

The neighborhood with the most sales in 2012 was the East Village District with 238 condo sales. This was followed by the Marina District with 190 condo sales.

Lowest & Highest Priced Neighborhoods (Average pricing per Square Foot)

Lowest Average Price per Foot

  1. Bankers Hill = $294 / foot
  2. Cortez Hill = $326 / foot
  3. Little Italy = $353 / foot

Highest Average Price per foot

  1. Columbia = $491 / foot
  2. Marina = $452 / foot
  3. Gaslamp = $441 / foot

 

Downtown San Diego Condo Sales by Building

Continue browsing below for a detailed information regarding condo sales in downtown San Diego by building. Data includes average sales price by building, average pricing per foot by building and more.

Values
Building Average
of Selling Price $
Average
of SP$/SqFt
Number
of Sales in Building
235 Market $301,188 $336 8
350 West Ash $304,125 $365 8
7 on Kettner $512,500 $402 1
Acqua Vista $233,350 $280 36
Aloft $196,000 $278 3
Alta $428,857 $495 7
Aperture $524,000 $387 5
Aria $486,833 $415 12
Atria $314,000 $344 10
Bay Vu $354,833 $273 3
Bayside $871,445 $581 20
Beech Tower $240,000 $357 1
Bella Via $481,333 $353 3
Breeza $532,700 $448 15
Brittany Tower $421,000 $231 2
Casiola $226,600 $230 5
Cityfront Terrace $493,716 $424 25
Citymark $462,300 $325 1
Citywalk $404,643 $316 7
Columbia Place $330,000 $449 1
Cortez Blu $438,375 $328 4
Crown Bay $322,097 $324 5
Curlew Street HOA $264,000 $314 1
Diamond Terrace $346,246 $381 11
Discovery $451,222 $378 9
Doma $423,900 $352 10
Ecco Lofts $331,000 $316 1
El Cortez $241,223 $269 13
Electra $747,036 $510 28
Element $148,500 $201 6
Fahrenheit $385,000 $334 4
Front Street Condominum $675,000 $365 1
Gaslamp City Square $256,850 $337 10
Harbor Club $833,688 $570 17
Hard Rock $188,797 $486 30
Hawthorn Place $348,667 $365 3
Heritage House $180,000 $183 1
Horizons $744,694 $491 18
Icon $400,639 $428 28
Kettner Row Homes $620,000 $466 2
La Vita $409,957 $403 23
Laurel Bay $285,786 $361 7
Laurel Villas $750,000 $285 1
Lofts @ 777 $197,540 $265 5
Lusso Lofts $333,000 $372 4
M2i $403,857 $343 21
Marina Park $379,793 $308 15
Marson Point Lane $360,000 $309 1
Marston Place Ct. Homes $575,000 $436 1
MARSTON POINTE $821,500 $345 1
Meridian $1,321,574 $521 14
Metrome $274,167 $318 15
Metropolitan $1,200,000 $758 1
Moto Villas $311,667 $408 3
n/a $538,800 $275 5
Nexus $299,000 $339 7
NK $550,000 $302 1
Pacific Terrace $375,000 $392 4
Palermo $285,633 $328 15
Park at 10th $297,500 $252 2
Park Blvd East $304,700 $308 10
Park Blvd West $287,271 $327 14
Park Loft $536,887 $346 15
Park Place $780,300 $517 15
Park Row $384,909 $360 11
Park Terrace $296,400 $334 15
Park View $257,160 $280 5
Piazza Palermo $231,000 $358 1
Porta D’ Italia $246,025 $340 10
Portico $258,750 $300 2
Porto Siena $306,919 $355 9
Renaissance $694,989 $427 9
Sapphire Tower $902,067 $546 18
Smart Corner $231,765 $290 17
Solara Lofts $437,117 $376 12
Symphony Terrace $207,965 $278 6
The Grande $782,477 $500 34
The Legend $524,250 $504 22
The Lodge $350,417 $292 6
The Mark $605,960 $522 25
The Mills $234,982 $269 11
The Pinnacle $951,575 $627 20
Titan $175,000 $297 3
Trellis $293,614 $409 14
Treo $429,944 $383 34
Union Square $261,349 $250 17
Uptown Condominiums $380,000 $363 1
Victorian House $517,500 $347 1
Villa Bay View $353,333 $273 3
Villa Portofino $386,000 $282 2
Village Walk $409,167 $342 3
Waterfront $372,500 $493 2
Watermark $684,091 $426 11
Averages $470,852 $400 899

*Source: San Diego MLS – Data deemed reliable but not guaranteed.

 

Downtown San Diego Condo Sales by Neighborhood

Browse below for a detailed information regarding condo sales in downtown San Diego by neighborhood. Data includes average sales price by neighborhood, average pricing per foot by neighborhood and more.

Values
Neighborhood Average of Selling Price $ Average of SP$/SqFt # of Sales in Neighborhood
Bankers Hill $386,286 $294 42
Columbia District $714,966 $491 134
Cortez Hill District $342,297 $326 79
East Village District $381,901 $372 238
Gaslamp District $246,167 $441 60
Little Italy District $344,716 $353 156
Marina District $656,773 $452 190
Averages $470,852 $400 899

*Source: San Diego MLS – Data deemed reliable but not guaranteed.

 

Please contact us to receive more information or if you wish to request a customized report for a specific downtown San Diego building or neighborhood.

Our goal is to offer you the most relevant and up to date information related to Downtown San Diego Condos.

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