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Posted by on Nov 26, 2012 in North County Coastal, Sales and Price Check, Same-House Sales | 0 comments | Print Print

Preliminary November Sales

The latest Case-Shiller Index comes out tomorrow, and CR is expecting the non-adjusted national numbers to start declining, like they usually do this time of year:

http://www.calculatedriskblog.com/2012/11/update-case-shiller-house-prices-will.html

Tomorrow’s C-S Index will be the September, 2012 report, and based on weighted same-house sales in July, August, and September.  Because we’ve been having a late season flurry, the San Diego index might beat the odds and keep increasing (slightly) through the rest of 2012.

Here are the November detached-home sales from La Jolla-to-Carlsbad:

Year # of Sales Avg. $/sf
2009
193
$415/sf
2010
183
$394/sf
2011
176
$373/sf
Oct12
296
$387/sf
2012
158
$417/sf

Last week, the county said they were setting volume records for transaction-recordings-for-the-two-days-before-Thanksgiving. Once we complete the remaining five days of this week, plus the MLS late-reporters, this month’s NSDCC detached-home sales should be over 200.

If the $417/sf holds up, we’ll see some startling San Diego Case-Shiller Index reports just about the time that the spring selling season kicks off!

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