There will be some late-reporting, but the sales already look decent compared to last year – 13 out of 23 areas had an increase in detached sales, and all but one zip had prices decline – which we agree is a good thing too. If there were more REOs to sell, the numbers would look even better!
Detached Sales, June 1 through August 31
|Town or Area||Zip Code||Sales 08/09||$$/sf 08/09|
|San Marcos N||92069|
|San Marcos S||92078|
Rancho Santa Fe keeps levitating – there has been 443 total detached listings entered onto the MLS this year, and currently there are 351 actives. To close only 25 houses all summer is mind-boggling, especially when there are hundreds of agents working the market.
On the other hand, it was a great summer for a few areas, here are Y-O-Y sales:
|Area||% diff in Summer Sales|
In Del Mar last year the pricing got skewed from John Moores’ two-story, 1,672sf oceanfront beach house selling for $15.9 million ($9510/sf).