The North San Diego County Coastal detached sales in October held up better than expected.
Here are the comparisons from previous years of the change in detached sales between September to October in the SD coastal region from Carlsbad to La Jolla:
| Year | Sep Sales | Oct Sales | % chg | Sep $/sf | Oct $/sf |
| 2007 | 147 | 145 | 0 | $465/sf | $483/sf |
| 2008 | 183 | 195 | +7% | $419/sf | $406/sf |
| 2009 | 229 | 210 | -8% | $376/sf | $408/sf |
| 2010 | 219 | 188* | -14% | $396/sf | $366/sf |
*10% added for late-reporters, today’s count is 177)
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We’ve seen many of the October closings, primarily on these pending videos:
Carlsbad Pendings – http://www.youtube.com/watch?v=QhQokYOk3uI
Encinitas Pendings – http://www.youtube.com/watch?v=RPF6LPEExbw
Solana Pendings – http://www.youtube.com/watch?v=IZaiWW3QXDg
Carmel Valley Pendings – http://www.youtube.com/watch?v=PiJh43TtVs0
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Here are ones that have closed:
Seacrest, Carlsbad 92008
4br/3.5ba, 3,108 sf
12,000 sf lot
YB: 1965 (remodeled)
LP: $750,000 REO
SP: $775,000 cash 17 DOM
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Circulo Sequoia, Carlsbad 92009
4 br/3.5 ba, 3,743 sf
12,417 sf lot
YB: 2005
LP: $925,000 REO
SP: $859,500 44 DOM
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Corte Castillo, Carlsbad 92009
5 br/4.5 ba, 4,442 sf
30,927 sf lot
YB: 1999
LP: $1,299,000
SP: $1,399,000 short sale 93 DOM
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Hymettus, Leucadia 92024
4 br/3.5 ba, 2,345sf
30,927 sf lot (exact same as last one!)
YB: 1989
LP: $988,000
SP: $950,000 18 DOM
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Puebla, Leucadia 92024
4 br/3.5 ba, 3,838 sf
9,900 sf lot
YB: 2006
LP: $1,695,000
SP: $1,369,000 short sale 302 DOM
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Seabright, Solana Beach 92075
5 br/ 8 ba, 7,100sf
22,100 sf lot
YB: 2009
LP: $3,975,000
SP: $3,500,000 DOM 252
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Vereda Luz Del Sol, CV 92130
3 br/3.5 ba, 2,489 sf
8,537 sf lot
YB: 2000
LP: $725,000-$775,876
SP: $740,000 10 DOM
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Arroyo Sorrento, 92130
4 br/ 3 ba, 2,140sf
1.15-acre lot
YB: 1955
LP: $861,900
SP: $865,000 24 DOM
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Foxhound, Carmel Valley 92130
4 br/4 ba, 3,409 sf
6,313 sf lot
YB: 2000
LP: $1,199,000
SP: $1,040,000 13 DOM
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Cherry Hill , Carmel Valley 92130
8 br/ 4.5 ba, 4,598 sf
8,326 sf
YB: 2006
LP: $1,499,000 to $1,579,000
SP: $1,535,000 6 DOM
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Del Mar Mesa, Carmel Valley, 92130
8 br/ 10 ba, 10,022 sf
1.78-acre lot
YB: 2000
LP: $2,599,000
SP: $2,475,000 20 DOM
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Did any sell for less than you expected? Me neither….
My middle class market (92126) did really poorly in October so far. Late reporters will hopefully help, but as of now. YoY 57 last year vs 44 this year, Median Price per SF $254 last year vs $224 this year. MoM 49 last month vs 44 this month (might be even all said and done), Median Price Per SF $260 last month vs $224 this month. Looks like this month median price/sf was unusually low but looks like NCC experienced a similar drop in price. I’m thinking it rebounds but I suppose a bear could argue this is the start of another wave down. It’s close to 10% MoM price drop on a per sqft basis.
How did things go in the areas that got slammed in the first wave of the bubble burst (Oceanside, Vista, Escondido, San Marcos)?
Thanks Jim. These take time and are really helpful.
The house in CV on Arroyo Sorrento for $865k (on 1.15 acre of land) was sure tempting….
It looks like the sale price per s.f. is dropping like a rock.