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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
Cardiff 92007
14/12
$681/$491
Carlsbad NW 92008
42/32
$314/$321
Carlsbad SE 92009
116/113
$289/$260
Carlsbad NE 92010
26/37
$251/$247
Carlsbad SW 92011
52/61
$333/$294
Del Mar 92014
30/30
$1,030/$635
Encinitas 92024
87/109
$397/$361
La Jolla 92037
51/73
$739/$646
Oceanside all
444/399
$208/$199
Poway 92064
105/126
$301/$268
RSF both
39/25
$601/$475
San Marcos N 92069
100/97
$205/$183
Solana Beach 92075
21/18
$595/$502
San Marcos S 92078
110/108
$213/$197
Vista all
233/245
$205/$180
Sorrento 92121
8/10
$306/$288
West RB 92127
105/110
$292/$267
RB 92128
115/134
$284/$272
RP 92129
97/89
$289/$268
Carmel Valley 92130
129/112
$366/$339
Scripps Rch 92131
67/92
$301/$276
DT Condos 92101
190/216
$448/$404
SD County all
5,491/5,701
$267/$232

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
Poway +20%
Encinitas +24%
Scripps +37%
92010 +42%
La Jolla +43%

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).

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