In the last post we saw that the median sales price for San Diego is up 11.2% year-over-year. Let’s check the individual areas between Carlsbad and La Jolla, using the combined May/June Y-O-Y data for larger sample sizes:
| Area |
# of Sales |
Median Sales Price |
Chg |
Avg $$/sf |
Chg |
| Cardiff |
15/19 |
$1,607,500/$1,420,000 |
-12% |
$669/$710 |
+6% |
| Carlsbad NW |
31/46 |
$930,000/$912,400 |
-2% |
$432/$497 |
+15% |
| Carlsbad SE |
106/128 |
$971,000/$1,011,500 |
+4% |
$348/$365 |
+4% |
| Carlsbad NE |
28/39 |
$729,500/$790,000 |
+8% |
$345/$361 |
+5% |
| Carlsbad SW |
59/61 |
$969,000/$1,100,000 |
+14% |
$380/$399 |
+5% |
| Del Mar |
33/30 |
$1,895,000/$1,850,000 |
-2% |
$935/$826 |
-13% |
| Encinitas |
104/100 |
$1,270,000/$1,237,500 |
-3% |
$516/$564 |
+9% |
| La Jolla |
72/76 |
$1,978,000/$2,309,000 |
+17% |
$787/$879 |
+12% |
| RSF |
61/56 |
$2,400,000/$2,260,000 |
-6% |
$510/$482 |
-6% |
| Solana Beach |
16/21 |
$1,210,000/$1,445,000 |
+19% |
$642/$707 |
+10% |
| Carmel Vly |
120/118 |
$1,123,500/$1,208,000 |
+8% |
$409/$449 |
+10% |
| All Above |
645/699 |
$1,200,888/$1,235,000 |
+3% |
$502/$497 |
-1% |
Comparing the sales counts is the best way to gauge the overall health of the market, and they are looking good in all areas.
Neither of the price metrics are that great, but in areas where both are heading in the same direction suggests a trend.
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
