This will be updated with late-reporters, and the breakdown by zip codes will be added – but it looks like the steady grind of sales is continuing.
You can also see in the previous post (2 back) about cash buyers, and the comments left – many people are done waiting.
North San Diego County Coastal, Detached:
|Period||# of sales||$-per-sf||SP:LP||DOM|
|Jan & Feb ’10|
|Jan & Feb ’11|
These are fascinating numbers when you figure the tax credit was in effect last spring. I still think prices have slipped a bit since last year but this data doesn’t seem to show that. It seems like a tug of war is going on between the shadow inventory and the lack of new construction. Right now we seem to have achieved some form of balance at least for the coastal areas with top schools.
In the zip codes I track it seems like the free-fall that started last summer has momentarily abated but we definitely need to keep an eye on inventory.
Is there any conclusion that can be drawn from the fact that price is unchanged but there is an increase in days on market?