Pricing By Zip

by | Aug 21, 2014 | Frenzy, North County Coastal, Why You Should List With Jim | 7 comments

Isn’t it amazing that prices have kept rising without frenzy help?

We’ve had the frenzy hangover this year. Inventory is still tight, sellers confident, and buyers don’t have much choice except to pay what it takes – or to stand by.  But sales are softer – and the number of NSDCC active listings today is 7% higher than last year.

Here are the two pricing measurements for each zip code for detached-home sales between May 1st and July 31st.  Every zip code between Carlsbad and La Jolla shows a positive year-over-year increase in BOTH pricing metrics!

Town
Zip Code
Avg $/sf
Median SP
Cardiff
92007
$532/$582
$1.017/$1.075
Cbad NW
92008
$381/$434
$690,000/$721,000
Cbad SE
92009
$295/$316
$769,000/$831,000
Cbad NE
92010
$288/$321
$600,000/$668,500
Carlsbad SW
92011
$316/$347
$827,500/$855,000
Carmel Vly
92130
$373/$398
$1.025/$1.100
Del Mar
92014
$729/$805
$1.463/$1.630
Encinitas
92024
$427/$461
$860,000/$915,000
La Jolla
92037
$690/$742
$1.64/$1.75
RSF
67+91
$476/$502
$2.13/$2.27
Solana Bch
92075
$520/$733
$1.05/$1.56
NSDCC
All Above
$457/$513
$960,187/$1,010,000
NSDCC
% chg
+12%
+5%

I had to average the averages for the NSDCC $/sf, so they are probably high.

Rob Dawg said in his 2014 forecast that he thought we’d see all the annual gain happen in the first half of the year. It’s the post-frenzy soft landing!

7 Comments

  1. Rob Dawg
    Rob Dawg on August 22, 2014 at 2:07 am

    $15,000 per month here, $20k/mo there and before long you are talking about real gains.

    It will be be hard to match these first half gains.

  2. Mozart
    Mozart on August 22, 2014 at 7:39 am

    What? No mention of my 7.2% year over year prediction? I was promised World Series tickets.

  3. Jim the Realtor
    Jim the Realtor on August 22, 2014 at 7:46 am

    The year’s not over – could crash and be back to zero?

  4. Kwaping
    Kwaping on August 22, 2014 at 9:14 am

    Note to readers: take Zillow estimates with a big grain of salt! Z said our home was worth $608k so we decided to refi to get rid of our PMI. Well, the professional appraiser put it at $565k, which I feel is much more realistic.

    Here’s the kicker: When we were considering selling a month or so earlier, JtR came out and said we could get $569k for it. RIGHT ON, Jim!

    That is why you hire JtR, my friends.

  6. New to LA
    New to LA on August 25, 2014 at 1:34 pm

    Since we bought in 2004 prices in my town in LA have risen quite a bit. We also did some updating and an addition, which Zillow does not account for. We could easily sell for $1 million more than Zillow shows. I would never use Zillow as a “tool” to price or refinance my house. Better off going to redfin and printing out all the sold in the last 1-3 months and making your own conclusions …

  7. Jim the Realtor
    Jim the Realtor on August 25, 2014 at 1:37 pm

    Zillow has both active and sold listings on the same screen as their zestimate, but they don’t cross paths in the algorithms, apparently.

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