New Peak Pricing

peak

Today’s prices are higher than they were in 2007 around most areas of North San Diego’s coastal region, and the median sales prices in the quaint coastal towns of Cardiff, Carlsbad, and Encinitas have blown up!

But Rancho Santa Fe – facing too much competition from surrounding areas – is the only area that is still significantly behind its MSP from 2007:

NSDCC Number of MLS Sales and Median Sales Price, 1st Quarter

Town or Area	2007 Sales	Median SP	2016 Sales	Median SP	Price Diff
Cardiff	17	$925,000	15	$1,100,000	+19%
Carlsbad NW	36	$680,000	36	$865,000	+27%
Carlsbad SE	88	$848,500	78	$880,000	+4%
Carlsbad SW	47	$861,000	56	$896,500	+4%
Del Mar	31	$1,562,500	33	$1,700,000	+9%
Encinitas	97	$830,000	83	$1,095,000	+32%
La Jolla	58	$1,700,000	62	$1,857,500	+9%
RSF	36	$2,725,000	27	$2,380,000	-13%
Solana Bch	27	$1,350,000	19	$1,335,000	-1%
Carmel Vly	114	$1,000,000	100	$1,128,500	+13%
All	575	$997,000	552	$1,122,000	+13%

4 Comments

Max Rockbin on April 12, 2016 at 1:35 pm

Inflation has been low, but not zero. Since 2007, according to the BLS inflation calculator:
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100&year1=2007&year2=2016
prices are up about 14% since 2007.

Not far off of the price difference average of all areas in the table of 13%.

WC Varones on April 12, 2016 at 5:24 pm

1-2% inflation is pretty awesome if you compound it for 10 or 20 years and have a 20% down, 4% fixed-rate mortgage.

Rob Dawg on April 13, 2016 at 11:34 am

No coffee from me. not this time.

Jim the Realtor on April 13, 2016 at 11:48 am

LOL

4 Comments

Submit a Comment

Jim Klinge

Klinge Realty Group

Broker-Associate, Compass

Subscribe to Bubbleinfo

Pin It on Pinterest