The first half of 2010 is wrapping up in two weeks, how have we been doing?
Here are detached stats for North SD County Coastal region (Carlsbad to Carmel Valley):
2009 (Jan 1 to June 15) vs. 2010 Y-T-D
|Year||#Sales||Average SP||Avg. $/sf||SP:LP||DOM|
Even though sales increased 34% year-over-year, the other stats are in a virtual flatline.
How have this year’s sales been financed?
Types of Financing Used
The cash purchases in June have amounted to 23% of the total sales so far (17/74).
How do the sales break down according to days on market?
|DOM||#Sales||Average SP||Avg. $/sf||SP:LP|
The sellers of more-expensive homes are a little more stubborn about getting their price.
Who’s living in these homes?
Glad to hear that not many sellers are torturing their tenants.
How many are marked as bank-related sales?
Incredible that only 18% of the sales are bank-related, but there are probably many more that are actually distressed. Will the positive headlines about housing propel the market through the remainder of 2010?