2005-2013 YTD Sales Comparisons: Atria@101 Market, Downtown San Diego

Sometimes market statistics are pretty boring. Actually, most of the time, sales statistics go in one ear and out the other for most people, and especially for people who are visual. After reviewing the sales statistics for Atria located at 101 Market St, San Diego 92101, we thought a pictorial representation of the sales statistics for the last 8 years might help my brain process market changes. These numbers are based on statistics retrieved from the Sandicor multiple listing service as of December 9, 2013.

As you can see from the graphs, 2008 and 2011 were the worst years and you can see that 2012 and 2013 are reflecting a recovery. Nothing like 2005 thru 2007, but at least prices are moving upwards again.

Average $ per square foot reflect the same upheaval over the last 8 years. Again, 2005-2007 were at the peak of the downtown San Diego real estate market. Again the $ per square foot are showing the same steady increase in pricing.

For owners who have been hanging on, many are approaching a break even point. An example is a sale we are representing. Our owner purchased his unit for $310,000 six months ago and is currently selling in the $330k's, less than 6 months later. That is a much better net sheet than the loses owners saw in the 2008-2011 timeframe.

If you would like additional statistics on Aria or any other Downtown San Diego condo buildings, just contact us via email, phone, or text.  victoriacrown@gmail.com or 619-977-3174

92101 and 92103 San Diego Real Estate Comparisons

Downtown San Diego (92101) and Hillcrest/Mission Hills (92103) are two San Diego areas located next to each other. Hillcrest is immediately north of Downtown San Diego, while Mission Hills is at the north west end of the 92103 zip code. Viewing this graphic comparison provides information that shows the Downtown San Diego market (92101) is a lower priced market than is Hillcrest/Mission Hills.

Click here for complete 92101 and 92103 comparison

What this Downtown San Diego and Hillcrest/comparison also confirms is that the downtown San Diego market would naturally be expected to be lower due to the majority of downtown San Diego housing being condos versus Mission Hills historical styled single-family homes.

Mission Hills is one of the most luxurious and desirable neighborhoods in San Diego. Mission Hills is the area where large historical mansions and smaller craftsman homes make up the inventory. A number of older homes have been demolished and have been replaced by large homes on small lot footprints. It has become  more difficult to raze a Mission Hills home to build a new monstrosity, therefore the "old-money" style homes command higher prices.

To further view the comparisons and contrasts and Downtown San Diego and Hillcrest/Mission Hills click this 92101 vs 92103 link

Who Lives in Downtown San Diego?

If you own or rent a Downtown San Diego condo, who are your neighbors? Is the marketplace primarily owner occupied or renter (non owner) occupied? Here is a graph that shows you the mix as of November 2013.

If you would like to view these statistics in depth or view additional Downtown San Diego neighborhood information, visit our Downtown San Diego Market Insider page.

Why San Diego Is Special City

San Diego has been known as "America's Finest City" since the 1970's.  San Diego lives up to its reputation.We have the location, the weather and the residents to make San Diego one of the best cities in the world to live, work and play. The place to start is in Downtown San Diego where buying a condo is an achievement for many first time downtown San Diego condo owners.

Downtown San Diego Neighborhoods

What are the 8 Downtown San Diego neighborhoods?