Yesterday we saw that NSDCC detached homes sold in June averaged $453/sf, up 23% year-over-year – and getting close to peak pricing.
Here is a comparison from this year to last year, and to 2006, using the larger May 1-to-June 30 period to increase the sample sizes:
Average $/sf for Detached Homes Sold May 1st-June 30th
Town or Area | ||||
Cardiff | ||||
NW Carlsbad | ||||
SE Carlsbad | ||||
NE Carlsbad | ||||
SW Carlsbad | ||||
Del Mar | ||||
Encinitas | ||||
La Jolla | ||||
W Oceanside | ||||
Poway | ||||
RSF | ||||
Solana Beach | ||||
S. San Marcos | ||||
N. Vista | ||||
RSF | ||||
PB/MB | ||||
Bay Park | ||||
Clairemont | ||||
University City | ||||
West RB/4S Ranch | ||||
Rancho Bernardo | ||||
Rancho Penasquitos | ||||
Carmel Valley | ||||
Scripps Ranch | ||||
All Above | ||||
SD County |
Encinitas is the only area that is above their 2006 level, but others are approaching. Carmel Valley, Rancho Bernardo, Rancho Penaquitos, and Bay Park are all within 10% of 2006.
Encinitas and Leucadia is a WONDERFUL place to live and raise a family. Much better than cookie cutter carmel valley with some “strange” neighbors mixed in
How long before builders ramp up and start satisfying demand? Are we going to see more apartment conversions? (Is that what happened in the complex at the corner of Cannon/Faraday?)