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Posted by on Sep 29, 2012 in North County Coastal, Sales and Price Check, Thinking of Buying?, Thinking of Selling? | 0 comments | Print Print

NSDCC September Sales

On Wednesday it looked like the detached sales and pricing around NSDCC for September were lagging a bit behind last year’s numbers.

We had quite a flurry the last few days, plus there will be late-reporters adding to this month total below over the next couple of weeks.  But we’ve already passed the sales count of September, 2011, and pricing jumped up too.

Here were the stats on Wednesday:

Month # of Sales Avg $/sf DOM
Sept ’10
220
$395/sf
75
Sept ’11
228
$389/sf
80
Aug. ’12
297
$381/sf
71
Sept ’12 (MTD)
183
$365/sf
72

Here they are today:

Month # of Sales Avg $/sf DOM
Sept ’10
220
$395/sf
75
Sept ’11
228
$389/sf
80
Aug. ’12
297
$381/sf
71
Sept ’12 (MTD)
231
$380/sf
65

The breakdown between the north and south portions of NSDCC is interesting too – the lower-end has really been cooking lately:

South-End of NSDCC (La Jolla, Del Mar, Solana Beach, CV, & RSF)

Month # of Sales Avg $/sf DOM
Sept ’10
103
$490/sf
78
Sept ’11
95
$521/sf
98
Aug. ’12
140
$480/sf
81
Sept ’12 (MTD)
87
$496/sf
79

North-End of NSDCC (Cardiff, Encinitas, and Carlsbad)

Month # of Sales Avg $/sf DOM
Sept ’10
117
$311/sf
72
Sept ’11
133
$295/sf
66
Aug. ’12
157
$293/sf
62
Sept ’12 (MTD)
144
$310/sf
57

Compare the month-over-month change (August-to-Septmeber) and look at the difference between north and south!

Pundits would say that the lower-end market benefits from the attractive rates, FHA, etc., or perhaps the increased sales could be due to the Carlsbad buyers finally getting their damaged credit back in shape, like that one LJ realtor suggested (???).  More than anything, the stronger sales counts are caused by more sellers being willing to sell for what the market will bear.