San Diego Condo Market Inventory Below 500 units at year end 2005

San Diego Condo Market Inventory Below 500 units at year end 2005 The number of available condos for resale in 2005 peaked at 580 in the fall of 2005 and dropped rapidly to just under 500 units at year end. Through mid January 2006 we have seen a slight bounce putting the inventory level at 525. The San Diego condo inventory levels are driven by consumer demand and the amount of "musical chairs" current owner are playing plus the amount of newly completed construction. In 2005, downtown saw 358 units come on the market for sale that were built in 2005. In 2006, expectations are that this number will not exceed 50 units. That will limit the supply, coupled with no flagship properties being built in 2006, will keep current owners put and new buyers scrambling for existing inventory. The San Diego condo bounce in inventory was due to people taking their units off the market for the holidays and putting them back on. Its anyone's guess what the inventory levels will be at year end 2006. That depends on several factors, progress of current revitalization projects, interest rates, and possibly new job creation or location to downtown. There are a couple of new high-rise office towers under construction in downtown that will help support the supply of buyers. San Diego Condos