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

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


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.

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