NSDCC July Sales

by | Aug 12, 2015 | Jim's Take on the Market, North County Coastal, Sales and Price Check | 4 comments

Last month’s sales blew the doors off – more sales at higher prices!

But notice how pricing has been leveling off:

July Detached-Home Sales between La Jolla and Carlsbad

Year
# of Sales
Avg. $/sf
Median SP
Avg. DOM
Avg. SF
2012
258
$365/sf
$850,000
76
2,902sf
2013
297
$418/sf
$930,000
40
2,999sf
2014
271
$451/sf
$1,018,000
46
3,086sf
2015
309
$457/sf
$1,025,000
41
2,952sf

4 Comments

  1. elbarcosr
    elbarcosr on August 12, 2015 at 10:50 am

    I was trying to get a feel for a house in a neighborhood that last sold in 2003. Decided to look at solds for 2003 vs. solds for the last 12 months. The volume was pretty equivalent. The median price per square foot for the neighborhood was up around 39% over that 12 year period. Out of curiosity, I checked a few other neighborhoods / zip codes and came out pretty similar, ranged from 35-40%. So roughly, very roughly, 3 – 3.5% annually, which I *think* is pretty much what CA RE does over the long haul. I don’t know if 2003 is a good, bad or indifferent baseline to use, but seems to me that with 2015 increases baked in, we at or around where we should be. Your mileage may vary. Get good help.

  2. Jim the Realtor
    Jim the Realtor on August 12, 2015 at 11:04 am

    That was a heck of a roller coaster since 2003!

    The wild ride has to mellow down easy now…..doesn’t it?

  3. Rob Dawg
    Rob Dawg on August 12, 2015 at 11:08 am

    Price per square foot.

    Okay, several observations.

    First, 1200sf with sand is not 2400sf with a daily 50 min commute.

    Second, if you avoid tuition the math is entirely different.

    Third, who cares what sold last a dozen years ago when evaluating for what you need?

    Ten years ago a Sony projection TV was a bazillion dollars and by modern standards, lameo. My miserable hovel clocks in at a mere fraction of those sweet sweet SD manses but hanging the TV on the wall made room for a pool table. Winning.

  4. Susie
    Susie on August 12, 2015 at 8:33 pm

    @Rob Dawg

    Hold on there, buddy! I have a Sony HD TV we bought in 2003. Even JtR noticed it in the video he “walked through” back in January, 2011 when he highlighted my new home on bubbleinfo.

    Yes, it weighs 300 pounds and probably not an ounce less. But the picture is to die for…even now.

    The only problem is that if I ever leave this home, I’ll need to call out the Navy Seals (the buffer the bodies the better) to move it. Alas, *Grin* everything in life has its pros and cons. You just have to be able to live with the cons…

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