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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Carlsbad
(760) 434-5000

Carmel Valley
(858) 560-7700
jim@jimklinge.com


Posted by on Jun 22, 2012 in North County Coastal, Sales and Price Check, Thinking of Buying? | 0 comments | Print Print

Sales Mix

Surprisingly, both NAR and Diana at cnbc.com got it right when they blamed the low supply for declining sales.  Inventory is reported down 20% from last year nationwide.

But when you look at our sub-market of La Jolla-to-Carlsbad, sales aren’t declining – in fact, they’ve improved.  Here are closed sales and average cost-per-sf between Jan. 1st and May 31st:

Year $0-$700K $701-$1.1M $1.1M+ Total Sales & Avg. Cost-per-sf
2009
279/$300
215/$340
202/$599
696/$399
2010
322/$312
379/$346
274/$514
975/$382
2011
361/$289
339/$345
330/$498
1,030/$374
2012
422/$277
393/$329
321/$531
1,136/$367

Interesting that pricing seems to be firming up in the higher-end range first, and that there have already been 321 closings over $1,100,000 this year!

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