In 2011, The Grande condos in downtown San Diego had 36 sales. The year before, there were 32 sales at The Grande condos. Of the 36 sales at The Grande in 2011, the highest priced sale was for $1,790,000(also the best condo I’ve ever seen at The Grande), but the average sales price was just below $650K. In 2010, the highest sales price was $1,650,000 and the average sales price was $769,575. The info below is for 2011 – *note that the stats are generated by Sandicor and not by me – the “high” is not for one specific property, it’s just the high for each category(same goes for all the other stats)
No, homes prices haven’t come down 15.5% in a year. This decrease in average sales price is mainly because there were more 1 bedrooms and lower floor sales in 2011, than 2010(at The Grande). For a point of reference, there were 935 sales in downtown San Diego(there were 944 including the sales off the MLS) in 2011, with an average sales price of $425,168 (at $367/sqft) – 2010 had 907 sales and an average sales price of $404,229 (at $369/sqft).
Looking back at 2006(typically considered the peak of the market), there were a total of 60 sales between the Grande North and Grande South towers. The highest sales price back then was $2,130,000 and the average sales price was $1,018,984. Obviously times have changed, but the demand for one of the few “front row” luxury highrises is still strong. Currently there are only 5 active listings at The Grande, but a total of 8 that are in escrow, or are in contingent status. If you’re thinking about selling, now is the time! Call me at 858-243-2092 or email me at [email protected] to find out what your home is worth and how I can help you get it sold – short sale or not.
Click here to see what’s for sale at The Grande(but I may have a few pocket listings that are not on the MLS)