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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
2009 706 $1,062,990 $362/sf 95% 70
2010 949 $1,051,129 $357/sf 96% 69

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

Type #Sales
Conv 658 (69%)
Cash 194 (20%)
FHA 79
VA 8
Other 10

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
0-14 222 $862,254 $344/sf 99%
15-30 149 $889,679 $347/sf 96%
31-60 186 $975,932 $335/sf 96%
61-90 110 $1,187,303 $362/sf 95%
91+ 243 $1,324,436 $390/sf 95%

The sellers of more-expensive homes are a little more stubborn about getting their price.

Who’s living in these homes?

Occupant Percentage
Owner 58%
Vacant 36%
Tenant 6%

Glad to hear that not many sellers are torturing their tenants.

How many are marked as bank-related sales?

Type Percentage
REO 10%
SS 8%
Non 82%

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?

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