Written by Jim the Realtor

February 1, 2016

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We have been measuring the ‘health’ of a market by comparing the actives to pending listings, and figured that a 2:1 ratio was about right.  You can click on the ‘Actives/Pendings’ button below (next to date) to see the history.

But it looks like the day has come – that you have to spend at least a million dollars to buy a decent house near the coast:

Area
Zip Code
ACT
PEND
Ratio
Median LP of ACT
Cardiff
92007
18
2
9.00
$1,847,500
Carlsbad NW
92008
33
14
2.36
$1,199,900
Carlsbad SE
92009
76
35
2.17
$1,110,000
Carlsbad NE
92010
12
15
0.80
$744,950
Carlsbad SW
92011
37
20
1.85
$1,199,999
Del Mar
92014
53
15
3.53
$2,875,000
Encinitas
92024
67
40
1.68
$1,674,900
La Jolla
92037
160
38
4.21
$2,972,500
RSF
92067
199
26
7.65
$3,195,000
Solana Bch
92075
24
10
2.40
$1,872,500
Carmel Vly
92130
109
39
2.79
$1,299,900
All Above
All
788
254
3.10
$2,165,000

3 Comments

  1. Just some guy

    @JtR

    “…that you have to spend at least a million dollars to buy a decent house near the coast.”

    Can you clarify or quantify “near”? <10 miles? <5 miles?

  2. PB

    Oceanside doesn’t make the Coastal list? Seems like a bubble there. Would you recommend buy or wait in 92054

  3. Jim the Realtor

    Waiting makes sense if you think there will be sellers who dump on price.

    Banks used to do that, so all you had to do was wait until there were foreclosures stacking up which drove prices down.

    But the banks quit foreclosing, and Kamala all but made them illegal.

    So you might wait if you think there could be other sellers besides banks that might dump on price – and you only need one. But the greed factor is so ingrained in every homeowner’s mind that it is unlikely that you will find one who will dump, let alone see enough of them do it that general pricing goes down.

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Jim Klinge
Klinge Realty Group

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