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Fewer houses are coming on the market, and sales are rising!

North NSDCC (Cardiff, Carlsbad, and Encinitas) Jan 1 – Feb 20:

Year New Listings Closings
2010
183
117
2011
168
142
2012
151
151
2013
131
153

More sales than new listings?? Will higher prices lure more potential sellers into the market? It hasn’t yet, even with Y-T-D sales prices up 6% to 13%, we’re seeing fewer, not more listings.

South NSDCC (La Jolla, Del Mar, RSF, SB and CV) Jan 1 – Feb 20:

Year New Listings Closings
2010
147
107
2011
132
115
2012
135
113
2013
136
132

Close, but not quite more sales than new listings – and this is an area where the average sales price was $1,584,000!

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