The late-reporters will add about 10% to these numbers, but it looks like the overall sales will continue their downward trend. When you drill down to the individual zip codes, it’s a mixed bag, but good to see 92067 slip under $400/sf for the third time this year.
Detached sales for August, Year-Over-Year:
| Area – Zip Code | ’09/’10 Sales | % chg | ’09/’10 $$/sf | % chg |
| Carlsbad 92009 | ||||
| Carlsbad 92011 | ||||
| Encinitas 92024 | ||||
| Del Mar/Solana | ||||
| RSF 92067 | ||||
| CV 92130 | ||||
| NSDCC | ||||
| All SD |
The national, 30-year fixed-mortgage rate (FRM) slightly decreased from a week earlier, setting a new record low average of 4.26%, according to the Zillow Mortgage Marketplace weekly update. This is down 0.03% from last week and 0.02% below the previous record low.
Regionally, 30-year rates vary, but the majority of states witnessed a deflation. Most large states saw a decline in rates: California’s current rate of 4.28% is down from 4.3% last week; Texas’ at 4.23% is down from 4.28%, and Massachusetts’ at 4.26% is down from 4.27%.
How is it that the price per square foot number for Encinitas and Rancho Santa Fe are almost the same? Is this just a one month deal?
If you don’t mind the ad in the beginning, and how more videos keep playing at the end, here’s a look at the mansion Tiger is building.
http://www.clipsyndicate.com/video/playlist/14857/1668755?title=mortgage
The RSF statistics have been coming down all year, but it is a small sample group. But sales are few, only the best values are going to move.
Here is a comparison of active detached listings:
92067 – 279 listings avg. $690/sf
92024 – 178 listings avg. $521/sf
Nine sales last month when there are 279 choices?
I’m also noticing more cancellations – as you predicted, Jim.
I wonder what others think is causing the drop in PPSF in RSF, especially in relationship to the rise in PPSF in Del Mar.
any oceanside data?
Do you have the data for 92037 (La Jolla)?
I’ll come back to both of those.
The MLS deleted 92037 yesterday, for some reason. It is back in play today.
I’d like to see Oceanside too, if you find the time.