Altos Research, a real estate statistics company from the Bay Area, has agreed to let us use their data gathering and reporting for specific zip codes in the North SD County Coastal region.
It might take a rocket scientist to make sense of it, but if ‘Market Action Index per Quartile’ sounds interesting to you, then click on your favorite area below – for the week beginning 9/14:
Carlsbad 92009
Carlsbad 92011
Encinitas 92024
La Jolla 92037
Rancho Santa Fe 92067
Carmel Valley 92130
Oceanside 92057
Their opinions sound like they came straight from the ivory tower, but their graphs are better-looking than mine.
Excellent data. Thank you
What on earth happened in zip 92009 during April 2009 that caused the inventory of properties listed for sale to suddenly drop so dramatically?
What is the Market Action index? I don’t like drawing conclusions from things that I don’t even know what they are.
What’s up with Oceanside having a way longer DOM for the lowest quintile? That seems odd.
What on earth happened in zip 92009 during April 2009 that caused the inventory of properties listed for sale to suddenly drop so dramatically?
Could it be that’s when Sandicor added the “contingent” status?
I didn’t know Encinitas was so expensive?
Jim,
good format and data. Thanks for sharing.
Jordan T – you are correct in your response to househippie’s question.
It’s when the MLS created the contingent category and all the short sales with buyers awaiting lender approval got taken out of the active listing bin.
Jim–I question their figures–It looked fishy to me that the Average DOM for 92009 was 133. As of today, the MLS shows 122 active detached listings in 92009 for an Average DOM of 74 days–I know that info was for the week of 9/14, but it seems impossible to decrease that much!
I love the granular data – awesome!
LOL, I’m in the Encinitas bottom 4th quartile, flatlined at approx $334/sq ft at 11% loss from the peak. Coming this winter we are going to tank as expected; however, I’m not confident SP will bounce back up in Spring given the number of REO around the corner. But, if the lower end market in Oceanside is still strong, then Encinitas can enjoy a 2 – 2.5X premium – generally speaking.
Is there one available for Vista? 92081
92014 feels left out in the cold.
Nice data though!
Does Encinitas data include Leucadia or Cardiff as well?
cara and local boy – agreed that the DOM is fishy, even with condos added in. I’ll check more.
I’m paying for the stats by zip code, so I went with the larger areas. Del Mar, Solana, etc. are too small to have solid, non-noisy data.
I also noticed the DOM for oceanside was weird. seems like the lower quintile should have less and the higher quintile should have more, but the graph shows the opposite. Maybe the real dumps in the worst areas are actually sitting there longer? I wouldn’t think so based on Jim’s coverage of the flippers in oside.