NSDCC 3Q13 Sales and Pricing

Jim's Take on the Market | North County Coastal | Sales and Price Check

October 1, 2013

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The third quarter of 2013 showing remarkable resilience to higher rates and other distractions – both NSDCC sales and average pricing were higher Y-O-Y:

3rd Qtr	# of Sales	Avg $/sf	Avg DOM
2010	653	$374/sf	67
2011	699	$383/sf	78
2012	845	$373/sf	70
2013	854	$439/sf	39
YOY Diff	+1%	+18%	-44%

There will be 20-30 late reporters adding to the sales count as well.

We are experiencing a slowdown, measured by the average days on market. In the coming months you will hear the media use ‘market slowdown’ as a scare tactic, but all it means is that buyers and sellers are having a harder time coming together.

The Average DOM measures how well sellers are adjusting their price.

These are the average-DOM stats from the month that these NSDCC detached-homes went pending, so we can pick up the latest from September:

The average-days-on-market stat is rising, which means that buyers are holding out longer in hopes of negotiating a better price, and/or that sellers are struggling more with getting their price right (low enough).