Compared to previous years, the detached-home sales between La Jolla and Carlsbad are holding up remarkably well.  With the significant increase in pricing, we can’t expect sales to equal previous Aprils, so 260 is pretty strong:

Year
# of Sales
Avg. Cost-per-SF
Median SP
Median DOM
2013
303
$420/sf
$955,000
16
2014
258
$456/sf
$1,052,500
26
2015
282
$475/sf
$1,077,500
20
2016
305
$518/sf
$1,120,000
20
2017
277
$536/sf
$1,282,131
15
2018
260
$571/sf
$1,295,000
15

I’m sticking with my prediction of NSDCC 2018 sales dropping 10% YoY.

Here are the sales totals for January through April:

2013: 975

2014: 839

2015: 916

2016: 878

2017: 883

2018: 832 (-6%)

As long as we can keep generating millionaire buyers organically, or import them from a far (mostly retirees), we’ll be fine.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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