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Monday, August 10th, 2009 at 2:41 PM

Pricing Trend by Quarter

After the display of quarterly sales, reader ’propertysearch’ asked about the pricing curve.

The cost-per-sf measurement is an imperfect tool when analyzing individual homes, there tends to be a complexity of other factors that weigh into the buying decision.  But here it charts the trend fairly well of the quarterly detached home sales from Carlsbad to Carmel Valley:

Was last quarter just a blip in the downward trend, or is the trend looking for the floor?

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How much do the higher-end homes skew the chart?

Of the 506 houses that closed last quarter, 130, or 26% were over $1,000,000.

Below $1M = $309/sf

Above $1M = $533/sf

Maybe I should split them, and do two charts?

 

Posted on Monday, August 10th, 2009 at 2:41 PM in Afternoon Data, Graphs of Market Indicators | 10 Comments » | Print 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.

Reader Comments: 10 Responses

  1. Is the quality of the $1MM+ homes almost twice that of the others, or are those sellers just more stubborn? (I’m guessing the latter.)

    Kwaping | August 10th, 2009 at 3:09 pm

  2. I’m guessing the lot sizes/location skew those $/sqft numbers in $1mm+, but I also think Kwaping is right.

    I was surprised to see we’re still so far away from $300/sqft.

    The Blur | August 10th, 2009 at 3:39 pm

  3. I’m surprised 26% were over 1 million.

    I’m not sure how that lines up in a historical comparison, but that’s a fairly significant chunk of the pie.

    Especially with all the talk of the high end market being frozen.

    sdnerd | August 10th, 2009 at 3:45 pm

  4. Yes, me too – maybe the frozen tundra is just in OPTs’ heads?

    There have been 677 homes close this year over $1,000,000 in San Diego County, at an average of $557/sf. With full-doc jumbo loans only.

    In July there were 121 closed, at $541/sf.

    Jim the Realtor | August 10th, 2009 at 3:47 pm

  5. Just add two more lines to the existing chart!

    tj and the bear | August 10th, 2009 at 4:42 pm

  6. Stuff is moving. A friend of mine today just accepted an offer at $250.00 per sq ft and is in escrow selling this home in Santee.

    http://www.sdlookup.com/MLS-090037024-8577_Clifford_Heights_Santee_CA_92071

    I would think Santee and inland SO SD CTY would be $200.00 per sq ft or less for a smaller tract home?

    doughboy | August 10th, 2009 at 5:42 pm

  7. That 26% does sound pretty impressive. Any data handy on the pre-boom ratio?

    tj and the bear | August 10th, 2009 at 5:48 pm

  8. This is a HOT market. I wish we had a house, only so we could sell it right now.

    CA renter | August 10th, 2009 at 6:15 pm

  9. Can you overlay north county inland as a point of comparison? I’m interested to see the trend between REO % and price drop – does it lag or lead?

    thanks,

    Chris

    Chrisg | August 10th, 2009 at 6:45 pm

  10. 1Q09 is a bottom… just like 1Q07 was.

    I’m of the opinion that one trend line is insufficient. Yet I have no idea what $ ranges would make for the most interesting graph.

    Genius Lives Under A Freeway | August 10th, 2009 at 11:13 pm

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