Throughout 2011 there was a vast improvement in the downtown San Diego Real Estate market compared to 2010. With more short sale and foreclosure inventory showing up for sale in the market we have seen many investors and cash buyers come in the market and buy properties in bulk. With the availability of mortgages still a bit tight for traditional buyers those with cash seemed to get the most benefit out of the current state of the downtown San Diego condo market.
There were 948 MLS registered property sales in downtown San Diego throughout 2011. 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 some new construction condo sales, for sale by owner transactions and other transactions not posted into the MLS by the selling brokerage. However, as most property sales today happen thru cooperating brokers on the MLS these figures are a great representation of the Real Estate market in downtown San Diego.
The average selling price for a downtown San Diego condo in 2011 was $425,850.
The average selling price per foot for 2011 was $366 per foot.
Selling prices for downtown San Diego condos ranged between $95,000 (for a studio residence in the Element building on the East Village) to $3,000,000 (for a penthouse unit at the Renaissance building in the Marina).
Condo pricing per foot ranged between $85 per foot for a studio residence in the Alcer building on the East Village to $921 per foot for a penthouse level unit at The Grande south tower in the Columbia (waterfront).
On average downtown San Diego condo sellers received 96% of their asking price in 2011.
Building with the Least Sales
In 2011 there were quite a handful of buildings with just 1 condo sale. Amongst them are Bella Via, Brickyard and Island Lofts.
Building with the Most Sales
The building with the most sales in 2011 was Bayside and The Grande with 36 condo sales on each complex. This was followed by Electra and Acqua Vista with 33 sales each.
Lowest & Highest Priced Buildings (Average pricing per Square Foot)
Lowest Average Price per Foot
- Alcer = $85 / foot
- Casiola = $188 / foot
- Prado Terrace = $201 / foot
Highest Average Price per Foot
- The Metropolitan = $632 / foot
- The Pinnacle = $600 / foot
- Bayside = $560 / foot
Neighborhood with the least Sales
The neighborhood with the least sales in 2011 was Bankers Hill with 42 closed real estate transactions. This was followed by the Gaslamp District with 57 closed transactions.
Neighborhood with the most Sales
The neighborhood with the most sales in 2011 was the East Village District with 296 closed sales. This was followed by the Marina District with 159 closed sales.
Lowest & Highest Priced Neighborhoods (Average pricing per Square Foot)
Lowest Average Price per Foot
- Bankers Hill = $269 / foot
- Cortez Hill = $296 / foot
- Little Italy $322 / foot
Highest Average Price per Foot
- Columbia = $466 / foot
- Marina = $415 / foot
- Gaslamp = $385 / foot
Downtown San Diego Condo Sales by Building
Browse below for 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 | $300,000 | $339 | 2 |
| 350 West Ash | $223,222 | $300 | 9 |
| AcquaVista | $220,397 | $268 | 33 |
| Alcer | $149,000 | $85 | 1 |
| Aloft | $199,817 | $306 | 6 |
| Alta | $435,800 | $465 | 17 |
| Angove | $200,944 | $335 | 4 |
| Aperture | $409,375 | $368 | 4 |
| Aqua Vista | $225,500 | $284 | 2 |
| Aria | $540,225 | $409 | 12 |
| Atria | $251,855 | $341 | 22 |
| Attached Home | $410,000 | $250 | 1 |
| Bay Vu | $410,000 | $322 | 1 |
| Bayside | $1,055,512 | $560 | 36 |
| Beech Tower | $190,000 | $283 | 1 |
| Bella Via | $459,000 | $398 | 1 |
| Breeza | $482,211 | $436 | 7 |
| Brickyard | $495,000 | $437 | 1 |
| Brittany Tower | $513,000 | $276 | 3 |
| Casiola | $170,000 | $188 | 3 |
| Cityfront Terrace | $466,188 | $378 | 16 |
| Citymark | $440,000 | $309 | 1 |
| Citywalk | $437,375 | $311 | 4 |
| Columbia & Fir | $399,000 | $361 | 1 |
| Columbia Place | $336,429 | $340 | 7 |
| Cortez Blu | $305,271 | $287 | 7 |
| Cortez Park Lofts | $205,000 | $295 | 1 |
| Cortez Villa | $205,000 | $305 | 1 |
| Crown Bay | $312,300 | $351 | 5 |
| Cypress Hills | $399,999 | $282 | 1 |
| deFreitas Rowhomes | $775,000 | $419 | 1 |
| Detached Home | $427,267 | $283 | 9 |
| Diamond Terrace | $259,664 | $316 | 10 |
| Discovery | $319,697 | $271 | 23 |
| Doma | $379,643 | $323 | 7 |
| El Cortez | $211,903 | $203 | 16 |
| Electra | $620,392 | $470 | 33 |
| Element | $166,625 | $206 | 12 |
| Fahrenheit | $342,857 | $291 | 7 |
| Gaslamp City Square | $272,973 | $326 | 20 |
| Harbor Club | $806,455 | $500 | 11 |
| Hard Rock | $174,222 | $488 | 18 |
| Hawthorn Place | $329,488 | $365 | 4 |
| Heritage House | $218,000 | $241 | 3 |
| Horizons | $747,333 | $492 | 18 |
| Icon | $356,840 | $383 | 25 |
| Island Lofts | $330,000 | $314 | 1 |
| La Vita | $360,808 | $399 | 20 |
| Laurel Bay | $256,230 | $340 | 5 |
| Laurel View | $230,000 | $202 | 1 |
| Lofts @ 777 | $202,789 | $279 | 12 |
| Lusso Lofts | $277,250 | $337 | 4 |
| M2i | $386,763 | $336 | 19 |
| Marina Park | $337,450 | $309 | 10 |
| Marston Row Homes | $730,000 | $326 | 1 |
| Meridian | $782,500 | $406 | 8 |
| Metro Lofts | $232,000 | $372 | 2 |
| Metrome | $256,323 | $291 | 24 |
| Moto Villas | $242,000 | $367 | 1 |
| Nexus | $249,200 | $295 | 12 |
| Pacific Terrace | $377,500 | $371 | 2 |
| Palermo | $255,400 | $315 | 11 |
| Park at 10th | $287,000 | $231 | 1 |
| Park Blvd East | $282,965 | $297 | 10 |
| Park Blvd West | $283,300 | $305 | 11 |
| Park City West | $280,000 | $259 | 1 |
| Park Loft | $461,822 | $284 | 14 |
| Park Place | $644,267 | $474 | 15 |
| Park Row | $316,833 | $368 | 6 |
| Park Terrace | $313,262 | $357 | 21 |
| Park View | $196,250 | $245 | 2 |
| Porta d’ Italia | $216,596 | $311 | 11 |
| Portico | $178,200 | $282 | 10 |
| Porto Siena | $289,375 | $329 | 4 |
| Prado Terrace | $127,000 | $201 | 5 |
| Renaissance | $908,207 | $418 | 14 |
| Rowhomes at Ivy | $730,000 | $331 | 1 |
| Rowhomes on F | $495,000 | $360 | 1 |
| Samuel Fox Lofts | $310,000 | $258 | 4 |
| Sapphire Tower | $834,626 | $520 | 18 |
| Smart Corner | $281,867 | $309 | 20 |
| Solara Lofts | $370,562 | $396 | 13 |
| Symphony Terrace | $203,000 | $250 | 4 |
| The Grande | $649,678 | $447 | 36 |
| The Legend | $490,356 | $464 | 20 |
| The Lodge | $418,000 | $279 | 6 |
| The Mark | $558,556 | $447 | 25 |
| The Metropolitan | $1,279,750 | $632 | 4 |
| The Mills | $200,100 | $244 | 5 |
| The Park at 10th | $319,000 | $270 | 1 |
| The Pinnacle | $916,604 | $600 | 12 |
| Titan | $209,385 | $290 | 5 |
| Trellis | $314,231 | $373 | 13 |
| Treo | $356,250 | $332 | 28 |
| Union Square | $278,494 | $265 | 22 |
| Villa Bay View | $297,500 | $289 | 2 |
| Villa Portofino | $299,583 | $269 | 6 |
| Village Walk | $374,200 | $308 | 5 |
| Waterfront | $308,109 | $317 | 6 |
| Watermark | $572,333 | $371 | 6 |
| Grand Total | $425,850 | $366 | 948 |
*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 | Number of Sales in Neighborhood |
| Bankers Hill | $324,942 | $269 | 42 |
| Cortez Hill | $310,960 | $296 | 94 |
| Little Italy | $285,834 | $322 | 149 |
| East Village | $356,533 | $343 | 296 |
| Gaslamp | $257,464 | $385 | 57 |
| Marina | $573,405 | $415 | 159 |
| Columbia | $707,669 | $466 | 151 |
| Average | $425,850 | $366 | 948 |
*Source: San Diego MLS – Data deemed reliable but not guaranteed