The sales count is dropping between La Jolla and Carlsbad, but it’s not surprising when you consider how much higher the pricing is, and the fewer homes being listed:

NSDCC 1st Quarter Stats

Year
# of Sales
Avg. $$/sf
Median SP
Median DOM
# Houses Listed in 1Q
2013
672
$386/sf
$839,450
25
1,288
2014
581
$503/sf
$1,000,000
26
1,235
2015
634
$507/sf
$1,160,400
29
1,318
2016
573
$544/sf
$1,125,000
27
1,449
2017
606
$498/sf
$1,175,000
23
1,293
2018
502
$574/sf
$1,302,165
17
1,160

In 2017, we had 25 closings over the last two days of March, so if we add that same number to this year’s count plus late reporters, we should end up with around 550 sales for 1Q18 – which is incredible, given the bump in pricing AND the record-low number of houses listed.

The only year between 2007 and 2012 that didn’t have 1,400+ listings in the first quarter was 2012, which still had 1,270.  We’re going to be lucky to get up to 1,200 this year.

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