The preliminary count of detached sales around North San Diego County came in better than I expected. Once we add the customary 10% for the late-reporters, it’ll be right around June’s total.
Totals as of July 31, 2011:
| July | # of Sales | Avg. $/sf |
| 2008 | ||
| 2009 | ||
| 2010 | ||
| 2011 |
The number of SD County detached sales will be close to June’s as well, once late-reporters pony up:
| July | # of Sales | Avg. $/sf |
| 2008 | ||
| 2009 | ||
| 2010 | ||
| 2011 |
Below is the recent sales history for NSDCC.
We had 1,006 closings over the last five months of 2010, I’m guessing we’ll have about 900 more sales coming this year. (I added the 10% here to July’s current total of 201 sales):
I would imagine we’ll be seeing the same graph extend into 2012.
I think your post from a few days back about how out-of-state and first time home buyers will be the only market was really insightful. It’s all about jobs and rents at this point. Might be pleasantly stable for a while. The one big wild card being oil. With some stability buying now would seem less risky, particularly for residential near employment centers.