The East Village is one of Downtown San Diego’s largest and fastest growing neighborhoods. Last year was a great year for condo sales in the East Village. In 2012 the average price for an East Village Condo was $445,447. By the end of 2013 the average sales price value had grown to an astonishing $445,447. This is an increase of over $35%. In 2102 there were more lower sales in the Smart Corner Complex which has an effect on the numbers, however the growth is still very evident. The total number of East Village Condos sold in 2013 was 272 compared to 390 in 2012. The number of sales was down, but the value was up. Again, this is mainly due to the fact that in 2013 the Smart Corner complex was sold out. There were no developer sales in 2013 compared to over 150 in 2102. The graph below represents a summary of the total sales broken down by East Village complexes. We represent: total sales in the building, the average sales price, and the average Price per square foot.
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Complex Yearly Sales Average Sales Price Average $PPSF
Alta 18 $544,028 $599
Diamond Terrace 10 $396,300 $466
Element 8 $204,650 $268
Fahrenheit 4 $457,250 $442
ICON 31 $457,065 $495
M2i 20 $445,275 $421
Metrome 14 $298,929 $362
Nexus 11 $318,082 $410
Park Blvd West 6 $354,600 $392
Park Blvd East 5 $365,000 $408
Park Terrace 20 $322,075 $430
Parkloft 10 $655,950 $401
The Legend 19 $639,445 $555
The Mark 40 $586,248 $537
Union Square 22 $307,607 $302 ')}