2009 Sales Data for Downtown San Diego

For those of you who like data, here is some year end 2009 data.

Total Number of units sold 1,164

45% Developer sales, 23% REO's, 20% Resales and 12% short sales.

Sold prices by neighborhood are Columbia $796K, Marina $619K, East Village $420K, Cortez $359K, Little Italy $351K and Gaslamp at $387K. The ranking order of price per sqaure foot is in the same order as sales prices.

In general, sales volume was up about 5% and prices were down about 11%, but vary greatly by neighborhood and price point. Lower priced units in 2008 were down more in 2009 than the higher priced units as a percentage reduction.

Here is a very popular statistic, the foreclosure sales data. Everyone wants a deal these days, here is the REO sales info. Total number sold 264, 154 were under $300K, 87 between $300K & $500K, 17 between $500 - $700K, 5 were between $700k - $1.0M, no sales between $1.0 & 1.5M and only one REO sold over $1.5M. Recap: the high quality inventory experienced very very few REO opportunities in 2009.

Between the Develpers, REO's, resales and short sales, here is who dominated the various price points.

Under $300K goes to REO's at 46%.

$300 - 500K goes to Developers at 44%.

$500 - $700K again Developers at 75%

$700K - $1.0M Developers again at 63%

$1.0 - 1.5M Developers with 53%, Resales a close second at 41%

1.5 - 2.0M - Developers at 67%

2.0M & Over Developers again at 71%.

Finally 33% of condo sales in downtown was a cash purchase.

If you have specific questions or want some micro data, just ask, glad to try and help.