| Type | Total Inventory | New Listings | Pendings | New Listings/Sales Ratio | % of Inventory Sold |
|---|---|---|---|---|---|
| Single Family Homes West of I-5 (92024) |
36 | 12 | 3 | 4 to 1 | 8% |
| Downtown Condos (92101) |
209 | 55 | 18 | 3 to 1 | 8.6% |
| 2-4 Units (92101 - 92120) |
500 | 98 | 29 | 3.3 to 1 | 6% |
Note: New Listings also include any price ranges/modifications to a listing made during the month of June, thus the # of new listings most likely will be overstated. This is the way the MLS reports and I’m unable to calculate this any other meaningful way.
The statistics have remained very similar for the year 2007. Now that the Federal Reserve has opted to keep interest rates the same, hopefully the market will not decline further.
CNN Money selected San Diego Downtown Condos as a place for bargain hunters for the next two years.
I’m not sure how many bargains there will be in downtown. If I had to make a guess, it would be the smaller studio/one bedroom units where there is an abundance in number. Note in the article, it does say that in five years downtown San Diego will be very stable and an awesome place for an investment. As I keep repeating myself, it is critical to have enough liquidity to stay in during a market downturn.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
