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San Diego Lofts for Sale in Downtown San Diego

The issue of San Diego Lofts being on sale has generated a lot of attention and excitement in the marketplace. Currently, there are 39 ACTIVE Condo Listings at this time for the San Diego Lofts category. Asking Prices range from $249,000 to $2,595,000 with an average price of $552,897 and an average price per square foot of $650.
Most San Diego lofts are in the downtown area, and many of the loft communities you see here will have a combination of loft style and condo style.
Vaulted ceilings, a modern/urban design, open floor plans, are just some of the qualities that make a San Diego loft a desirable option. Loft designs vary from a true loft with exposed ductwork and a single large space, to a modern style with tall ceilings, clean lines and large living areas.
Over the last 90 days, 87 condos have sold in San Diego Lofts. Final sale price ranged from $218,000 up to $1,230,000 pending possible revisions. The median sale price was $560,000 with a median Price per Square Foot of $591.
With currently 39 active listings, the absorption rate for this category is approximately 1.34 months of inventory. Less than two months supply of condos for sale equates to a sellers’ market with these condos generally moving quickly.

Downtown San Diego Lofts

Developers started to build loft buildings in downtown San Diego in 2001 and they quickly grew in popularity. The loft phenomenon quickly expanded, resulting in a large number of lofts on the market. One of the main driving forces behind the popularity of these loft buildings is that the concept creates a blank canvas for owners to shape into their ideal residence.

Lofts generally feature high ceilings (often 10’6′” all the way up to 18′ in some cases), wide open spaces, exposed concrete walls, exposed plumbing and exposed heating and air-conditioning duct work. Many lofts do not contain interior walls that create traditional bedrooms. The majority of lofts in San Diego can be found in East Village and Little Italy, but there are also loft opportunities in Cortez Hill and the Columbia District.

Lofts really create a great venue to showcase unique art pieces as there is generally more wall spaces to work with. Many owners add their own unique flavor of pseudo walls by using furniture as a visual barrier, adding walls made of frosted glass, hanging sheer walls made of exotic fabrics or textiles.

Downtown San Diego lofts also function well for live-work residences where young professionals and entrepreneurs can run their start up businesses without incurring the extra expenses of leasing an office space. Some of the lofts in San Diego are ground floor retail space with a loft up above which adds the live component, but still allows for the credibility of maintaining a retail or office type business.

One of the advantages of lofts buildings in downtown is that they generally offer up larger spaces than their mid and high rise counterparts. What I mean is that one can generally purchase a 1200- 1400 sf loft for about 10-15% less than a standard builder 2 bedroom condo with similar square footage.