Meridian 2025 Sold Condos

The average selling price for a Meridian condo in 2025 was $2,083,333 or $906 average price per square foot.

The median selling price for a Meridian condo in 2025 was $2,300,000 or $1,036 per square foot.

Explore 2025 sales and our market analysis below!

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Meridian 2025 closed condo sales

*Please note that this data set represents MLS (multiple listing service) registered sales and does not include sold “off market” listings that were not inputted to the MLS by the selling agent(s).

Meridian Market Analysis 2025

Based on the 3 MLS-recorded closed sales, Meridian had a limited but meaningful 2025 resale market, with all recorded sales consisting of large two-bedroom, three-bath residences. The data shows a building with very high average sale prices, but also a wide range in price per square foot depending on residence condition, floor height, views, and overall positioning.

Meridian 2025 Sold Condo Market Summary

In 2025, closed sales at Meridian in Downtown San Diego ranged from $1,550,000 to $2,400,000, with an average sold price of approximately $2,083,000. The median sold price was $2,300,000, which reflects Meridian’s position as one of Downtown San Diego’s more spacious and luxury-oriented condo buildings.

The average price per square foot across the three sales was approximately $906, while the median price per square foot was $1,036. The price-per-square-foot range was unusually wide, from $601 per square foot for unit 2505 to $1,081 per square foot for unit 1405.

The highest sale was 700 Front St #1405, which closed for $2,400,000, or approximately $1,081 per square foot. This was also the strongest price-per-square-foot result in the data set.

Large Two-Bedroom Residences Defined the Market

All three Meridian sales in 2025 were large two-bedroom residences with three bathrooms. Unlike many downtown condo towers where two-bedroom units are often between 1,200 and 1,600 square feet, the Meridian sales ranged from 2,220 to 2,580 square feet. This is an important distinction because Meridian residences tend to live more like single-level luxury homes than typical downtown condos.

Two of the sales, unit 1805 and unit 1405, were both 2,220 square feet and sold for $2,300,000 and $2,400,000, respectively. These sales were very close in value and achieved strong price-per-square-foot figures of $1,036 and $1,081. That suggests buyers were willing to pay premium pricing for well-positioned Meridian residences with the right combination of space, quality, views, and building prestige.

By contrast, unit 2505 was larger at 2,580 square feet but sold for $1,550,000, or $601 per square foot. This was a substantial discount compared with the other two sales and shows that size alone did not drive value. Condition, upgrades, floor plan desirability, view quality, and seller motivation likely played a major role in the lower price-per-square-foot result.

Days on Market Showed a Selective Buyer Pool

The average days on market was approximately 61 days, while the median was 86 days. This suggests that the Meridian buyer pool was selective in 2025, which is typical for higher-priced, larger luxury residences.

The standout sale from a demand perspective was unit 1405, which sold with 0 days on market at full asking price. That is a very strong result and indicates that the residence was either exceptionally well-positioned, well-priced, or matched with a ready buyer quickly.

The other two sales took longer. Unit 2505 sold after 86 days, while unit 1805 took 96 days. These longer marketing times show that even in a luxury building like Meridian, buyers were thoughtful and selective, especially when considering larger residences with higher total prices.

Sale-to-List Price Trends

On average, Meridian condos sold for approximately 96.2% of list price in 2025. The strongest sale-to-list result was unit 1405, which sold at full asking price for $2,400,000.

The other two sales closed below asking. Unit 2505 sold for $1,550,000 against a list price of $1,599,000, while unit 1805 sold for $2,300,000 against a list price of $2,495,000. The discount on unit 1805 was the largest in the group, suggesting that buyers had leverage when a property remained on the market longer or when pricing was above perceived market value.

Overall Market Takeaway

The 2025 sales data shows that Meridian remained a high-end, low-turnover luxury condo building in Downtown San Diego, with limited resale activity but strong values for the right residences.

The building’s market was defined by large floor plans, high total sale prices, and significant variation in price per square foot. The best-performing sales exceeded $1,000 per square foot, while the lower-performing sale traded closer to $600 per square foot, showing how much condition, views, upgrades, and buyer perception can influence value.

Overall, Meridian’s 2025 market can be described as limited, selective, and highly property-specific, with buyers willing to pay premium prices for the right residence but negotiating more aggressively when a unit did not match current luxury-buyer expectations.