NSDCC Median Prices

We know that median prices are a terrible way to gauge pricing, but they can indicate the relative temperature of the higher-end market.  If we see the median price rising, then there are more of the higher-end homes selling than in the previous period.

Here are the year-over-year median-price comparisons for detached sales around North San Diego County’s Coastal region for the second quarter, and first half of the year (from our MLS):

Town or Area	2Q11	2Q12	%chg.	1H11	1H12	%chg.
SE Carlsbad, 92009	$706,974	$706,000	-0-	$688,421	$697,000	+1.3%
SW Carlsbad, 92011	$740,000	$700,000	-5.4%	$705,000	$707,450	-0-
Encinitas, 92024	$760,000	$800,000	+5.2%	$739,000	$795,852	+7.7%
RSF, 92067/91	$1,600,000	$1,885,000	+17.8%	$1,900,000	$2,170,000	+14.2%
Del Mar/Solana	$1,250,000	$1,145,000	-8.4%	$1,247,000	$1,100,000	-11.8%
Carmel Vly, 92130	$898,587	$870,000	-3.1%	$917,250	$852,500	-7.1%
NSDCC	$850,000	$837,000	-1.5%	$845,000	$815,000	-3.6%

The TV talking heads will have a field day if the median prices are trending lower after everyone has been calling bottom, but all we really know is that the lower-end has been hotter than the higher-end.