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Downtown San Diego Condos 2nd Quarter 2013 Sales Report

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Sold Condos in Downtown San Diego 2013 Second Quarter

The condominium market in Downtown San Diego continued its upward momentum in the 2nd quarter of 2013. Low interest rates, low inventory levels, greater availability of mortgage loans and rising consumer confidence in the market are all contributing factors to the upward price momentum we are seeing for downtown San Diego condos.

Due to high demand we are seeing many properties on a multiple offer situation resulting in final sales price of as much as 5% above asking price. Cash buyers are still strong in the market although facing much stiffer competition from well qualified buyers with conventional and FHA loans.

In the second quarter of the 2013 calendar year there were 251 registered MLS sales for the condo market in downtown San Diego – 92101 zip code.

The average selling price for a condo in downtown San Diego in the 2nd quarter of 2013 was $525,222 up from the 1st quarter average of $506,075.

The average selling price per foot was $460 up from an average of $440 for the 1st quarter of the year.

Sales for downtown San Diego condos ranged between $125,000 for a studio with 525 sq ft ($238 per sq ft) at the Element building on the East Village to $3,400,000 for a 4,049 sq ft ($840 per sq ft) penthouse residence at The Metropolitan also on the same neighborhood.

The lowest priced sale per square foot for the quarter was $232 per sq ft for a 2 bed 2 bath at Union Square (currently in litigation). The highest priced sale per square foot for the quarter was for a penthouse residence at Bayside which sold for $891 per square foot.

On average condos sellers in downtown San Diego received 99% of their asking price which is also up from the 98.4% exhibited on the 1st quarter.

To see a complete list of closed condo sales in downtown please see – Downtown San Diego 2nd Quarter 2013 Closed Real Estate Transactions.

**Also of Interest**
Downtown San Diego 2011 Condo Sales Report.
Downtown San Diego 2012 Condo Sales Report.

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

Lowest Average Price per foot in Downtown San Diego

The Mills = $291 per foot
Element = $293 per foot
Brittany Tower= $305 per foot

Highest Average Price per foot in Downtown San Diego

The Metropolitan = $840 per foot
The Pinnacle= $768 per foot
Harbor Club = $719 per foot

Downtown San Diego Condo Sales by Building

Data
Building #
Sales in Building
Average
Price
Average
Price per Foot
235 Market 1 $405,000 $391
350 W Ash 1 $300,000 $432
Acqua Vista 3 $347,333 $437
Alta 4 $550,375 $601
Aperture 4 $568,900 $489
Aria 2 $424,250 $410
Atria 5 $319,800 $418
Bayside 5 $1,257,000 $635
Bella Via 1 $451,000 $439
Breeza 4 $566,750 $488
Brittany Tower 2 $597,000 $305
Cityfront Terrace 7 $578,271 $514
Cortez Blu 2 $497,000 $430
Cypress Hills 1 $590,000 $373
Detached Home 2 $675,000 $397
Diamond terrace 2 $324,000 $377
Discovery 7 $468,143 $411
Doma 2 $628,750 $466
Ecco Lofts 1 $355,000 $448
El Cortez 2 $312,500 $464
Electra 3 $579,667 $501
Element 3 $191,500 $293
Fahrenheit 2 $562,500 $486
Gaslamp City Square 8 $299,725 $426
Gaslamp City Squares 1 $425,000 $455
Harbor Club 1 $1,500,000 $719
Hard Rock Hotel 9 $233,992 $662
Hawthorn Place 1 $430,000 $422
Heritage House 2 $347,900 $314
Horizons 8 $644,575 $501
Icon 9 $447,111 $487
Jacaranda Studios 1 $1,888,000 $526
La Vita 5 $463,000 $496
Laurel Bay 7 $365,557 $437
M2i 4 $393,500 $369
Marina Park 3 $402,167 $351
Meridian 4 $1,046,475 $481
Metrome 8 $267,875 $331
Nexus 3 $293,300 $391
Pacific Terrace 1 $310,000 $401
Palermo 4 $272,500 $390
Park @ 10th 1 $405,000 $353
Park & Ivy 1 $662,000 $365
Park at 10th 1 $355,000 $310
Park Blvd 3 $385,333 $408
Park Place 4 $725,750 $517
Park Terrace 4 $319,000 $432
Park View 2 $312,500 $332
Parkloft 3 $669,333 $390
Porta D’ Italia 1 $279,000 $477
Portico 6 $341,650 $405
Porto Siena 4 $437,500 $445
Prado Terrace 1 $230,000 $354
Renaissance 7 $772,143 $500
Samuel Fox Lofts 1 $480,000 $334
Sapphire Tower 4 $1,350,250 $625
Smart Corner 7 $268,643 $373
Solara Lofts 3 $451,000 $425
The Grande 11 $723,636 $506
The Legend 3 $529,317 $517
The Lodge 4 $525,725 $428
The Mark 9 $625,767 $579
The Metropolitan 1 $3,400,000 $840
The Mills 2 $343,500 $291
The Pinnacle 2 $1,152,000 $768
The Titan 1 $203,000 $345
Trellis 1 $525,000 $670
Treo 9 $466,944 $432
Union Square 6 $347,717 $310
Village Walk 1 $539,000 $426
Watermark 3 $681,667 $459
Averages 251 $525,222 $460

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

 

Please read our guide to downtown San Diego condominiums for additional information related to each neighborhood and residential condo building in the city. You can also contact us for assistance.

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