October Data, Just the Facts

Below are the statistics for downtown attached units for October 2007. October 2006 is provided for comparison.

October 2007

New Listings: 167
Average List Price: $725,705
Median List Price: $579,000
Total New Listing Value: $121,192,895
Sold Listings: 44
Average Sold Price: $591,326
Median Sale Price: $490,000
Total Sold Value: $26,018,38
% Sale Price to List Price: 95.62%
Average Days on Market: 72
MO INV: 10

October 2006

New Listings: 147
Average List Price: $720,352
Median List Price: $625,000
Total New Listing Value: $105,891,824
Sold Listings: 38
Average Sold Price: $725,016
Median Sale Price: $600,000
Total Sold Value: $27,550,625
% Sale Price to List Price: 94.93%
Average Days on Market: 76
MO INV: 10

Sanity Returns To Pier

Just as everyone was wondering when the port commission would be committed to the insane asylum, they've finally scrapped plans for the steel warehouse they previously planned to be the new cruise ship terminal, many tourists' first impression of the city.

They now favor a modern building with an industrial edge, lots of windows and open airy spaces. However they've wasted so much time pursuing the pole barn and a cheap tent like structure, they're now months behind and it's not expected to be completed on schedule.

Only in San Diego would barns and tents be seriously considered for a permanent downtown cruise ship terminal. Fortunately the new design is not only respectable, but actually looks pretty decent.

September Data, Just the Facts

Below are the statistics for downtown attached units for September 2007. September 2006 is provided for comparison.

September 2007

New Listings: 144
Average List Price: $745,955
Median List Price: $569,000
Total New Listing Value: $107,417,529
Sold Listings: 33
Average Sold Price: $550,472
Median Sale Price: $488,000
Total Sold Value: $18,165,600
% Sale Price to List Price: 95.73%
Average Days on Market: 70
MO INV: 16

September 2006

New Listings: 194
Average List Price: $743,635
Median List Price: $580,000
Total New Listing Value: $144,265,356
Sold Listings: 32
Average Sold Price: $866,250
Median Sale Price: $632,000
Total Sold Value: $27,720,000
% Sale Price to List Price: 93.85%
Average Days on Market: 68
MO INV: 19

Inventory Numbers

In response to the request for a total inventory number, take a look at SDLookup's Downtown Market Overview page. They post weekly numbers going back 4 months so you can see the trends.

August Data, Just the Facts

Below are the statistics for downtown attached units for August 2007. August 2006 is provided for comparison.

August 2007

New Listings: 183
Average List Price: $662,410
Median List Price: $529,000
Total New Listing Value: $121,221,198
Sold Listings: 42
Average Sold Price: $741,592
Median Sale Price: $445,000
Total Sold Value: $31,146,868
% Sale Price to List Price: 94.07%
Average Days on Market: 67
MO INV: 14

August 2006

New Listings: 180
Average List Price: $765,982
Median List Price: $590,000
Total New Listing Value: $137,876,912
Sold Listings: 33
Average Sold Price: $610,819
Median Sale Price: $585,000
Total Sold Value: $20,157,059
% Sale Price to List Price: 95.67%
Average Days on Market: 67
MO INV: 12

Waterfront Warehouse

Gerry Braun recently did an excellent write-up on the steel warehouse Port officials are planning for Broadway Pier to serve cruise ship tourists.

I just got back from Chicago Monday where they've done a fantastic job with their waterfront - lots of open park space for people to enjoy. No warehouses or other ugly structures. Vancouver is similar. San Diego officials really need to visit other cities to see how downtown waterfronts can be used correctly.

July Data, Just the Facts

Below are the statistics for downtown attached units for July 2007. July 2006 is provided for comparison.

JULY 2007

New Listings: 186
Average List Price: $719,137
Median List Price: $575,000
Total New Listing Value: $133,759,622
Sold Listings: 47
Average Sold Price: $618,919
Median Sale Price: $540,000
Total Sold Value: $29,089,208
% Sale Price to List Price: 95.97%
Average Days on Market: 66
MO INV: 12


JULY 2006

New Listings: 201
Average List Price: $654,526
Median List Price: $595,000
Total New Listing Value: $131,559,805
Sold Listings: 48
Average Sold Price: $810,543
Median Sale Price: $725,000
Total Sold Value: $38,906,100
% Sale Price to List Price: 94.73%
Average Days on Market: 78
MO INV: 11