A. Bradley Nelson
Chief Marketing Officer Sotheby's International Realty
$4 mil
Average LIST price of a luxury property in San Diego in 2020 $3.5 million Average SALES price $4 million
RECENT MARKET MOVERS THE MOST EXPENSIVE HOME SOLD IN SAN DIEGO IN 2020; 2808 Ocean Front, Del Mar, CA Sold for $43,000,000. 6 Bed, 4 Bath , 5800 Sq Ft SOURCE: CRMLS SAN DIEGO NEIGHBORHOODS MOST POPULAR WITH LUXURY BUYERS Del Mar, La Jolla, Rancho Santa Fe We invite you to explore them all at sothebysrealty.com.
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The past year has been unprecedented on many fronts, including unexpected shifts in housing demand. Here in San Diego, the luxury market had more activity over prior years because the desires of buyers has changed, mirroring universal trends explored in this report. While the value of what defines a “luxury” property can vary widely around the world (the most expensive home sold in the US last year was a US$165 million mansion in Los Angles, Calif.), in San Diego the benchmark price is generally accepted to be $2 million or more. Within the last year the average sales price for luxury homes in San Diego was $4,058,245 with total sales volume at $650,000,000 . SOURCE: CRMLS
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2nd Highest Luxury Sale in 2020 8466 El PASEO GRANDE LA JOLLA, CA 92037 SALES PRICE $24,700,000 Sold by Pacific Sotheby's International Realty
Credit TK