The next Case-Shiller reading is coming out tomorrow, and you can bet that the MSM will be screaming double-dip all day. Because the C-S index will be reflecting the Nov-Dec-Jan numbers, it’ll be dated for those who are thinking of moving today.
What is happening in March, 2011?
The month isn’t done yet, but North SD County Coastal is faring pretty well, compared to last March. Here are the closed sales and average cost-per-sf for March, 2010, compared to those closed so far this year:
|Area & Zip Code||March, 2010||March, 2011|
|SE Carlsbad, 92009||58/$269||31/$246|
|SW Carlsbad, 92011||13/$318||12/$305|
|Carmel Valley, 92130||32/$326||32/$351|
Pricing is down in the individual zip codes, measured by the flimsy “average cost-per-sf” – only Carmel Valley shows an increase. But sales are fairly healthy – if buyers can just find the right house, at the right price!