Detached sales in the North SD County Coastal region were smoking hot last month. 

The average cost-per-sf has been bouncing along in a 10% range, with a recent spike lately.

There were 280 detached sales in May, the highest monthly sales count since 2005 (in red). 

Total sales in the first five months of 2012 have out-performed the last three years too, probably due to slightly lower pricing and rates:

Year # of sales, first 5 months Avg. $/sf
2009
696
$399/sf
2010
975
$382/sf
2011
1,030
$374/sf
2012
1,128
$368/sf

The 2012 sales were 62% higher than in 2009!

There doesn’t seem to be enough new inventory coming to market to think the trend will continue, but there are 671 houses marked pending or contingent – hopefully that will mean the sales momentum will last a few more months?

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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