Our NSDCC sales in May and June were down 20% each, but then we bounced back in July and August to match the sales from 2017.

But the sales last month were disappointing (down 20% again):

NSDCC September Sales

Year
# of Sales
Avg $$/sf
Median SP
Median DOM
2013
263
$470/sf
$1,110,000
30
2014
236
$480/sf
$1,091,000
29
2015
251
$472/sf
$1,059,000
31
2016
264
$515/sf
$1,179,250
24
2017
259
$533/sf
$1,265,000
25
2018
207
$580/sf
$1,320,000
21

The whole region is following the example set in Rancho Santa Fe, where sellers wait patiently for months or years before the market catches up with them.

We can say our market has been “Rancho-ed”.

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