Downtown Neighborhood Comparison | San Diego Market Statistics | January 2014

Here is a comprehensive information on the sales statistics comparing each Downtown Neighborhood in San Diego 92101 for the month of January 2014:

In this month's sales activity, overall active inventory was up to 216 active listings in 92101, a 10% increase to that at the end of December at 196. The majority of listings by month's end were split between the Marina District, Little Italy, and East Village.

Overall sales in January were up 10% from January's numbers, but down by 40% from the previous month.

For the Percentage of Sold Properties, absorption was lowest in the Columbia District with over 41% of active inventory sold by month's end. And with inventory high in the Marina District, only 15% of inventory sold leaning towards 6.2 months of inventory remaining. 

The List and Sales prices increased in every district except Columbia, with a 20% decrease to the average sales price from January 2013. The most dramatic increase to sales prices was experienced in the Marina District with an 18% increase over January 2013. 

However, there was a little more wiggle room in the list price this January that that 2013, with the properties selling within 6% of their list price in the Marina District. While Columbia District sellers held strong and sold within 1% of their list prices on average.

The amount of market time is till on the decline from last year, however our January comparison shows that properties in the Marina District were on the market longer this January compared to last. Also, market time has really reduced in East Village, Gaslamp, and Cortez Hill since this time last year. 

   

Check out our video presentation of this month's Sales Statistics:

Hazelton & Associates
Harcourts Pacific Realty
REALTORS®
620 1st Ave.
San Diego, CA  92101
http://www.yourSDhome.com
619-300-5093
CA DRE#01819363

Information herein is based on personal sales experience for residential property purchases in San Diego County, California. Licensees do not offer legal or financial advice. This video is for informational purposes only.

San Diego Real Estate
By Nicole Hazelton"