NSDCC December Sales

by | Jan 9, 2019 | Jim's Take on the Market, North County Coastal, Sales and Price Check | 4 comments

December sales were down 14% year-over-year, and 19% below the average of the last five years:

Year
# of Sales
Median SP
Avg. Cost-per-sf
Avg. DOM
S/BD*
2013
211
$1,075,000
$485/sf
60
10.0
2014
250
$1,052,075
$482/sf
61
11.4
2015
258
$1,094,500
$477/sf
56
11.7
2016
240
$1,150,000
$502/sf
55
11.4
2017
222
$1,212,500
$562/sf
47
11.1
2018
192
$1,414,000
$548/sf
50
9.6

*S/BD = Sales per business day, which had the same 14% YoY decline.

This far into January means there won’t be many more late-reporters to come.

At least pricing……oh never mind. There’s nothing price can’t fix.

4 Comments

  1. Rob_Dawg
    Rob_Dawg on January 9, 2019 at 11:34 am

    $/sf also down. Median still rising as many here predicted.

  2. Name
    Name on January 9, 2019 at 5:28 pm

    Timber….

  3. Jim the Realtor
    Jim the Realtor on January 9, 2019 at 6:01 pm

    Many? 😉

    Makes sense too – who is going to buy (the affluent) and what will they buy? (the cool shacks)

    When the cheapest inventory doubles in number, it shows that nobody wants junk.

    (72 houses listed under $1M on Monday, and two days later there are 76)

  4. Matthew A Pool
    Matthew A Pool on January 10, 2019 at 10:23 am

    Looks like a dislocation in the price of junk. 🙂

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