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February Stats By Area

by | Mar 2, 2011 | Market Conditions, North County Coastal, Sales and Price Check, Thinking of Buying? | 7 comments

The early February numbers, by area:

Town Zip Feb ’09 Feb ’10 Feb ’11
Cardiff 92007 2/$344 2/$495 4/$604
Carlsbad NW 92008 11/$330 6/$285 4/$353
Carlsbad SE 92009 13/$251 23/$298 26/$256
Carlsbad NE 92010 6/$228 6/$269 9/$238
Carlsbad SW 92011 10/$301 15/$278 18/$292
Del Mar 92014 6/$439 6/$773 10/$618
Encinitas 92024 22/$339 25/$386 18/$324
La Jolla 92037 12/$696 13/$514 15/$588
W. O-side 92054 17/$173 17/$311 17/$185
Poway 92064 26/$247 24/$286 27/$249
RSF 67+91 5/$512 15/$424 12/$401
Solana Bch 92075 0/0 6/$412 4/$737
S. San Mrcs 92078 29/$185 25/$202 22/$200
N. Vista 92084 18/$157 9/$181 14/$175
West RB 92127 26/$253 27/$291 19/$294
East RB 92128 24/$258 30/$270 17/$254
RP 92129 20/$278 23/$263 11/$244
Carmel Vly 92130 18/$328 26/$334 30/$337
Scripps Rch 92131 14/$280 19/$279 20/$255
Total All Above 267/$263 304/$307 282/$291
Total All SD Co. 1,463/$212 1,388/$238 1,213/$247

All we are looking for here is wild fluctuations in either direction, and it looks pretty steady to me.

It was asked yesterday what to make of the increase in days on market. I think it shows how sellers’ expectations have been on the rise, and buyers have been reluctant to bite. But the shortage of quality inventory has heightened anxiety among buyers, which causes less thinking, and more reacting.

7 Comments

  1. pemeliza
    pemeliza on March 2, 2011 at 9:08 am

    Wow Cardiff … looks like I am never going to be able to move to the composer district.

  2. livinincali
    livinincali on March 2, 2011 at 9:16 am

    NCC continues to hold it own doesn’t it. It’s gone from 18.2% of the SD County sales in 2009 to 23.2% of sales in 2011.

  3. CV Owner
    CV Owner on March 2, 2011 at 10:14 am

    I’m liking the Encinitas drop. Looks like South Carlsbad is holding up nicely where I am specifically looking for an investment property. Overall looks great and doesn’t seem to be in freefall.

  4. Jim the Realtor
    Jim the Realtor on March 2, 2011 at 11:33 am

    I’m liking the Encinitas drop.

    We’ll see if it holds up, everybody has a bad month. Encinitas seems as hot as Carmel Valley in the qualified-buyers-to-hot-listings ratio.

    For those who didn’t hear mention of the $799,000 house in Encinitas Highlands, here’s the video – they had six offers, one at $870,000 cash:

    http://www.youtube.com/watch?v=fqgNRITpwkk

  5. Jim the Realtor
    Jim the Realtor on March 2, 2011 at 11:34 am

    Maybe more jumbo-loan activity on the way? From NMN:

    Redwood Trust on Tuesday closed its second jumbo MBS deal within 10 months, boasting that the economics on the transaction support private-sector financing of prime mortgages at rates within 0.5% of Fannie Mae/Freddie Mac instruments.

  6. CV Owner
    CV Owner on March 2, 2011 at 12:12 pm

    “We’ll see if it holds up, everybody has a bad month. Encinitas seems as hot as Carmel Valley in the qualified-buyers-to-hot-listings ratio.”

    Let’s hope it does 🙂 I would rather buy in Encinitas than in and around Aviara. Like the old charm of Encinitas.

  7. Mozart
    Mozart on March 2, 2011 at 3:04 pm

    Cardiff has wild swings too. West of the 5 sold more in February, and probably east of the 5 had more in January.

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