NSDCC Sales, First Five Months

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

June 5, 2016

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hanging on

Let’s compare the NSDCC detached-home sales closed during first five months of the year, and the percentage of million-dollar sales:

NSDCC Detached-Home Sales, Jan – May

Year	$1M Sales	Total # of Sales	$1M Percentage	Median SP
2002	302	1,568	19%	$610,000
2003	316	1,411	22%	$680,000
2004	593	1,380	43%	$925,000
2005	585	1,244	47%	$969,500
2006	534	1,109	48%	$989,000
2007	549	1,120	49%	$979,950
2008	377	950	40%	$950,000
2009	230	696	33%	$796,000
2010	333	975	34%	$825,000
2011	395	1,030	38%	$847,037
2012	371	1,138	33%	$800,000
2013	562	1,337	42%	$900,000
2014	559	1,108	50%	$1,000,000
2015	687	1,194	58%	$1,130,000
2016	692	1,166	59%	$1,150,000

It’s incredible how total sales have held up in spite of the rapid rise in pricing.

Also note the similar jump in million-dollar sales between 2003-2004 and 2012-2013. The $1M sales dropped off a little after 2004, but this time they kept going higher – almost 700 million-dollar sales in the last five months!

You can also appreciate why the lower-end is so hot – buyers must feel like they are just hanging on!