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The 2015 annual sales and median SPs looked pretty good – we know that declining sales are the precursor of a downturn, but only Carmel Valley has a noticeable drop.

There are more new homes for sale than ever in Carmel Valley, and those aren’t all reported as closed sales on the MLS.  They have to be soaking up some of the demand for resales:

Annual Number of Sales/Median Sales Price

Town or Area
Zip Code
2013
2014
2015
Cardiff
92007
88/$961,250
80/$1,180,000
83/$1,200,000
Carlsbad NW
92008
211/$680,000
213/$740,000
196/$767,777
Carlsbad SE
92009
586/$782,125
525/$825,000
576/$875,000
Carlsbad NE
92010
144/$596,000
132/$650,000
161/$662,000
Carlsbad SW
92011
261/$789,900
209/$850,000
240/$887,500
Carmel Vly
92130
515/$1,015,000
470/$1,090,000
452/$1,150,000
Del Mar
92014
188/$1,495,645
193/$1,625,000
161/$1,680,000
Encinitas
92024
466/$870,000
405/$955,000
462/$1,082,500
La Jolla
92037
365/$1,598,000
321/$1,640,000
372/$1,807,500
RSF
92067
240/$2,300,000
181/$2,476,596
196/$2,500,000
Solana Bch
92075
114/$1,100,000
82/$1,326,000
87/$1,440,000
All NSDCC
All
3,218/$952,250
2,849/$1,025,000
3,017/$1,095,000

The reason I think we’ll have fewer sales in 2016 is because 2015 was so dang good – it will be hard to keep up!

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