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An Insider's Guide to North San Diego County's Coastal Real Estate
Jim Klinge, broker-associate
858-997-3801
klingerealty@gmail.com
Compass
617 Saxony Place, Suite 101
Encinitas, CA 92024
Klinge Realty
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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


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

NSDCC December Sales

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

  2. Timber….

  3. 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. Looks like a dislocation in the price of junk. 🙂

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