NSDCC January Sales

by | Feb 5, 2015 | Jim's Take on the Market, North County Coastal, Sales and Price Check | 7 comments

Though the MLS rules require that closed sales are reported within 48 hours, there will still be some late reporters of last month’s closings.  But these medians and averages should stay about the same:

January
# of Sales
Median SP
Avg $/sf
Median DOM
#Sales <$900,000
2012
155
$760,000
$374/sf
63
97
2013
185
$845,000
$379/sf
44
103
2014
182
$1,072,500
$501/sf
41
70
2015
156
$1,216,952
$515/sf
44
49

Buyers hoping to get a cheapie in Carmel Valley or Encinitas have had an excruciating experience.  Only 14 of the 49 sales that closed under $900,000 last month were south of Carlsbad.

7 Comments

  1. Jiji
    Jiji on February 5, 2015 at 1:41 pm

    CV makes Carlsbad seem like a bargain.
    Just kidding, but seriously Carlsbad has its advantages,
    If the Airport goes as planned, flying out of Carlsbad will be a lot easier than San Diego international.
    Also commuting to OC is a possibility from Carlsbad, not so much from CV.

  2. Just some guy
    Just some guy on February 5, 2015 at 2:48 pm

    @Jiji

    We have been in Carlsbad for 10+ years and we closed on a house in late ’13….Thanks to JtR of course! It is a bargain relative to Encinitas and south. You can get a brand new build (3000 sq ft) in the high 7’s to low 8’s. That is way out of my price range, but for whatever reason people in SD think that Carlsbad is in another state. One of my co-workers was looking in CV, but I convinced her to look at Carlsbad. She kept saying….”ugh, but Carlsbad is so far!! How do you put up with all that traffic?”.

    You are right on about commuting from Carlsbad to OC. My wife has been doing that commute for 2+ years. We know several people where one of the spouses commutes to OC from Carlsbad.

  3. Jiji
    Jiji on February 5, 2015 at 4:10 pm

    Carlsbad is becoming more and more a high tech job center as well,
    I have been working with two different Satellite companies in Carlsbad over the last few weeks.

  4. Jim the Realtor
    Jim the Realtor on February 5, 2015 at 4:28 pm

    Carlsbad is a sleeper, mostly due to size (106,000 population) and employment center. Fantastic place to retire.

  5. life
    life on February 5, 2015 at 6:04 pm

    Jim, speaking of Carlsbad, curious to know your thoughts about the new Preserve homes. Sounds like larger lots but pretty far east and difficult to access.

  6. Pb
    Pb on February 5, 2015 at 8:01 pm

    I’d rather live in Carlsbad then Carmel Valley or Encinitas, it’s just such a well planned, well layed out and family friendly city.

  7. Just some guy
    Just some guy on February 5, 2015 at 9:16 pm

    @PB

    I like Encinitas; it has a lot charm and for the most part has retained its original character.

    On the other hand, CV is at the tipping point of becoming the Aliso Viejo of SD county.

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