Let’s look closer at the individual neighborhoods, and compare annual sales and pricing between 2016 and 2017:
The velocity is slowing a bit from previous years. Of the 17 areas:
- Ten had fewer sales in 2017.
- Three had a lower cost-per-sf in 2017.
- Three had a lower median sales price in 2017.
Rancho Santa Fe had the cost-per-sf and median sales price dip slightly, but the annual sales were up 13%. NW Carlsbad had sales, cost-per-sf, and median SP all go down.
The current market conditions are very positive, especially on the lower-end of North San Diego County’s coastal region.
Of the houses listed under $1,500,000, there are 151 actives and 167 pendings, which is fantastic. The market of houses listed over $1,500,000 is more sluggish, with 493 actives and 102 pendings.
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