NSDCC August Sales

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

September 6, 2015

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3 Comments

Statistically, our local market is holding up. Average and median pricing will bounce around, but the number of August sales was decent.

The year-over-year sales increased on the lower end, but the total month-over-month decline was sharper this year. Last year the total August sales were 9% lower than July, and this year they were -17%.

NSDCC Detached-Home Sales, August – Under $1.2M

Year	# of Sales	Avg. $/sf	Avg. DOM	Median SP
2012	210	$316	71	$736,750
2013	227	$381	33	$836,000
2014	144	$392	34	$840,000
2015	156	$380	32	$824,500

NSDCC Detached-Home Sales, August – Over $1.2M

Year	# of Sales	Avg. $/sf	Avg. DOM	Median SP
2012	88	$535	91	$1,956,050
2013	97	$570	56	$1,586,740
2014	102	$653	60	$1,662,500
2015	102	$613	65	$1,779,000

The affluence is astonishing – 926 houses have sold this year over $1,200,000!

3 Comments

Jorge alvarez on September 6, 2015 at 12:27 pm

Is it affluence or low interest rates. Affluence, to me, is they had all been bought for cash.
Either way, yes, it does take good amount of cash flow to make those payments and continue the maintenance.
Jim the Realtor on September 6, 2015 at 1:31 pm

$1.2 is the new $600,000?
elbarcosr on September 6, 2015 at 2:19 pm

if you’ve got the 20% down on a 7/1 ARM, that 1.2 house will cost you about $5k to $5250 a month, PITI. In Carmel Valley language, that is the same as rent nowadays, more or less. At 40% DTI, need around 160k gross income; not out of reason for many 2 income families around coastal SD…. Now, jack the rates a little, and things get dicey; real dicey.