Last month’s sales are showing a 17% decline from June, 2010 – but the late-reporters will add 5-10%.
Glenn K.’s analogy was a good one: “Now, the market looks more like a middle-school dance, with buyers and sellers waiting one another out on either side of a large, dusty gym. It’s always hard to say when the hormones will kick in; maybe in three months, maybe in three years.”
The preliminary detached sales for June:
Town or Area | Zip Code | 2010 | 2011 |
Cardiff | 92007 | 9/$440 | 8/$473 |
NW Carlsbad | 92008 | 11/$323 | 9/$301 |
SE Carlsbad | 92009 | 67/$272 | 42/$256 |
NE Carlsbad | 92010 | 8/$260 | 10/$231 |
SW Carlsbad | 92011 | 20/$296 | 15/$293 |
Del Mar | 92014 | 9/$638 | 17/$607 |
Encinitas | 92024 | 26/$354 | 34/$348 |
La Jolla | 92037 | 30/$636 | 23/$572 |
Poway | 92064 | 41/$288 | 42/$257 |
RSF | 67+91 | 24/$434 | 21/$404 |
Solana Bch | 92075 | 12/$538 | 10/$535 |
N. Vista | 92084 | 30/$200 | 24/$179 |
West RB | 92127 | 52/$273 | 37/$255 |
East RB | 92128 | 61/$286 | 34/$251 |
RP | 92129 | 29/$277 | 33/$271 |
Carmel Vly | 92130 | 40/$347 | 34/$337 |
Scripps Rch | 92131 | 37/$278 | 25/$255 |
Totals | Above | 506/$328 | 418/$318 |
All SD Co. | All | 2,100/$255 | 1,795/$238 |
Sales will probably keep dropping, relatively. On a good day, I’ll see one or two “deals”, and many times see none for days. There were 223 detached closings in NSDCC last month, and there are currently 142 listings marked contingent, and 379 pendings – so somebody is dancing!
How does this fit in with the overall trend? The places I’m watching in a few Carlsbad zips seem to be trending down in $/sf, not just compared with last year, but steadily down over the last few months. But I heard from someone looking in RSF that prices there have been trendig up! Are you seeing these too?