December Detached Sales ’08-’10

by | Jan 23, 2011 | Double Dip, Sales and Price Check | 7 comments

Cramer got fired up about the national spike in December sales, but locally the sales were slightly cooler last month than in 2009. Let’s note than in 2009 there was a tax credit in play, but for the higher-end communities I don’t think it had much impact.

Most of Carlsbad, Encinitas, Rancho Bernardo, RP, Carmel Valley, and Scripps Ranch’s numbers look fairly steady, and Rancho Santa Fe was the most interesting. Check the 3-year December trend for your area below:

December Detached Sales/Price-Per-SF

Town Zip Dec ’08 Dec ’09 Dec ’10
Cardiff 92007 2/$288 9/$498 5/$498
Carlsbad NW 92008 10/$300 12/$327 13/$270
Carlsbad SE 92009 28/$260 43/$245 34/$254
Carlsbad NE 92010 4/$231 10/$228 15/$240
Carlsbad SW 92011 16/$298 18/$299 17/$296
Del Mar 92014 3/$558 16/$873 9/$740
Encinitas 92024 17/$365 31/$406 27/$444
La Jolla 92037 14/$684 29/$618 24/$563
W. O-side 92054 18/$254 26/$278 19/$260
Poway 92064 29/$290 18/$293 38/$252
RSF 67+91 11/$664 12/$374 20/$422
Solana Bch 92075 7/$534 12/$446 8/$497
S. San Mrcs 92078 28/$201 39/$201 37/$193
West RB 92127 38/$265 40/$264 31/$271
East RB 92128 18/$254 45/$278 37/$270
RP 92129 19/$265 36/$275 33/$265
Carmel Vly 92130 20/$346 47/$331 32/$337
Scripps Rch 92131 12/$270 32/$277 32/$268
Total All Above 294/$317 475/$333 431/$316
Total All SD Co. 1,859/$219 2,082/$245 1,873/$240
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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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7 Comments

  1. Jim the Realtor
    Jim the Realtor on January 23, 2011 at 8:41 pm

    This’ll fix it…

    In response to the ongoing challenges REALTORS® face in working with short sales, C.A.R. officers met yesterday with officials at Bank of America to ask for their help and commitment in streamlining and improving their short sales process.

    The bank has agreed to meet with our distressed properties task force in the very near future to discuss ways to ensure a smoother short sales process.

    C.A.R. plans to meet with other major lenders over the next several weeks to address members’ short sales concerns.

  2. joe buyer
    joe buyer on January 23, 2011 at 10:44 pm

    Any chance for 92054?

  3. Jim the Realtor
    Jim the Realtor on January 24, 2011 at 8:51 am

    I added 92054.

    Any chance I can help you find a place joe buyer?

  4. shadash
    shadash on January 24, 2011 at 9:10 am

    Notice how the buyers that require mortgages are concentrating in the best areas possible. Outlaying areas that are not as desirable aren’t experiencing as many sales.

    There was a theory amoung all the house bubblers that properties on the outskirts of SD would lose value first followed by less desirable areas in the city. What hasn’t happened yet but has been theorized is that once the number of houses for sale increases in the more desirable areas prices will fall even there.

    Also note the market that doesn’t typically use mortgages 1mill+ is losing “value” very consistantly. Makes you wonder how much market manipulation banks are parcipating in.

  5. john
    john on January 24, 2011 at 12:43 pm

    Thanks for putting South San Marocs in there : )

  6. mybleachhouse
    mybleachhouse on January 24, 2011 at 9:47 pm

    Jim I know you’re mostly into high end but can you put some low end stats sometime?

  7. Jim the Realtor
    Jim the Realtor on January 24, 2011 at 10:13 pm

    I take requests, where do you have in mind?

    SD County detached sales under $200,000:

    2009: 3,344
    2010: 1,571 -53%

    SD County detached pricing under $200,000:

    2009: $147/sf
    2010: $161/sf +9.5%

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