NSDCC January Sales & Pricing

Jim's Take on the Market | Market Buzz | Market Conditions | North County Coastal

February 4, 2016

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Feb rates
January house sales between La Jolla and Carlsbad look pretty good, given the higher pricing and TRID fumbling.

Our good luck with sales should continue – rates are lower this month, plus February actually has one more business day than January, thanks to leap year!

NSDCC January Sales and Pricing

Year	# of Sales	Avg Cost-per-sf	Median SP	Days on Market
2012	155	$374/sf	$760,000	108
2013	185	$379/sf	$845,000	69
2014	182	$501/sf	$1,072,500	60
2015	165	$507/sf	$1,218,000	73
2016	160	$555/sf	$1,077,500	52

I wouldn’t worry too much about the median sales price being lower, because the monthly comparisons have smaller sample sizes and more easily affected by the different mix of houses. The number of sales will probably catch last year’s count once the late-reporters are done, and the brisk 52 DOM is really cooking, given the higher pricing.