Menu
TwitterRssFacebook
More Links

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 Jul 26, 2012 in North County Coastal, Sales and Price Check, Thinking of Buying?, Thinking of Selling? | 0 comments | Print Print

CV-DM-SB-RSF Rally

While it has felt like prices have been going up this year, the average-cost-per-sf has been bouncy around the higher-end of NSDCC.  The average LP-per-sf is down a couple of ticks, and the average SP-per-sf is trying to get back to last year’s trend. These are the numbers for detached listings in the combined Carmel Valley, Del Mar, Solana Beach, and RSF area:

New Listings, first half of year:

Year #Listings LP Avg. $/sf
2011
1,038
$511/sf
2012
941
$501/sf

Lower average-pricing, slightly-lower inventory (only about 9% less in area) and record-low mortgage rates contributed to a second-quarter sales rally:

Closed Sales:

Year #Sales 1Q SP Avg. $/sf #Sales 2Q SP Avg. $/sf
2011
191
$427/sf
250
$435/sf
2012
178
$399/sf
299
$419/sf

There are 66 houses closed this month so far, with three days to go plus late-reporters. We should get to 80+ sales, which will be a 20% or more improvement over the 65 in July, 2011.

Leave a comment

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>