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.
Wow Cardiff … looks like I am never going to be able to move to the composer district.
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.
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.
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
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.
“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.
Cardiff has wild swings too. West of the 5 sold more in February, and probably east of the 5 had more in January.