Monday, April 28th, 2008 at 11:47 AM
Sales and Price Check
This chart gives you a decent feel for how each area is doing, year-over-year. The first two categories compares the number of closed sales for the first three weeks of April, 2007 and 2008. The next set compares the median sales price divided by the average square footage (MSP/ASF).
First Three Weeks of April, 2007 vs. 2008
| Town or Area  | Zip Code  | 4/07   | 4/08   | $/sf     | $/sf    | % chg |
| Bonsall | 92003 | 2 | 1 | $329 | $219 | -33% |
| Cardiff | 92007 | 1 | 5 | $428 | $509 | +19% |
| C-bad NW | 92008 | 8 | 11 | $371 | $267 | -28% |
| C-bad SE | 92009 | 35 | 11 | $273 | $275 | -1% |
| C-bad NE | 92010 | 4 | 9 | $296 | $266 | -10% |
| C-bad SW | 92011 | 17 | 12 | $317 | $275 | -13% |
| Del Mar | 92014 | 7 | 9 | $513 | $920 | +79% |
| Encinitas | 92024 | 30 | 22 | $362 | $332 | -8% |
| La Jolla | 92037 | 24 | 12 | $687 | $594 | -14 |
| O-side W | 92054 | 16 | 13 | $301 | $248 | -18% |
| O-side SE | 92056 | 22 | 27 | $285 | $224 | -21% |
| O-side NE | 92057 | 27 | 33 | $250 | $199 | -20% |
| Poway | 92064 | 22 | 22 | $224 | $182 | -19% |
| Ramona | 92065 | 18 | 13 | $230 | $168 | -27% |
| RSF | 92067 | 12 | 4 | $532 | $570 | +7% |
| San Mrcs N | 92069 | 23 | 10 | $266 | $179 | -33% |
| Solana Bch | 92075 | 2 | 1 | $510 | $780 | +53% |
| San Mrcs S | 92078 | 23 | 18 | $267 | $198 | -26% |
| Vista N | 92084 | 12 | 9 | $234 | $203 | -13% |
| 4S/Sluz | 92127 | 28 | 14 | $237 | $236 | flat |
| RB | 92128 | 29 | 19 | $299 | $233 | -22% |
| RP | 92129 | 19 | 15 | $315 | $261 | -17% |
| Carmel Vly | 92130 | 28 | 18 | $335 | $309 | -8% |
| Scripps | 92131 | 14 | 16 | $304 | $267 | -12% |
| DtownCondo | 92101 | 46 | 37 | $515 | $455 | -12% |
| Total | Above | 401 | 294 | $359 | $322 | -10% |
The totals were based on average $/sf, not median $/sf, and look a little high as a result (the MLS limits searches to 250 items). It looks like the days of $300/sf are gone in Carlsbad, 4S/Santaluz, Rancho Bernardo, and Scripps Ranch, plus Carmel Valley and Encinitas are heading that way.
Poway is quite a town – eight sales under $400,000, and five above $1,000,000.
Oceanside shows some pretty strong sales numbers, after another 20% decline in price, but the load of foreclosures should keep pressure on pricing. We should see 92056 slip under $200/sf before long, and I would guess that we’ll see 92057 in the mid-$100/sf range by summer. There are currently 107 houses listed under $300,000 in 92057.
Posted on Monday, April 28th, 2008 at 11:47 AM in Sales and Price Check | 2 Comments » | 
Print
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Del Mar 92014 7 9 $513 $920 +79%
wow, was there and oil field discovered?
CVman | April 28th, 2008 at 7:01 pmThanks for posting this info Jim. I printed it out and am using it as a basis to follow these markets in the next 12-18 months. $/sqft is my favorite measuring tool.
I live in OB/Pt Loma, and this area (92106 and 92107)hasn’t experienced the big drops yet. I’m waiting, impatiently.
Woodrow | April 29th, 2008 at 3:20 pm