Let’s examine by zip code where the market might be slowing recently. These are the detached-home sales for the second quarter, plus the current number of pendings in each area:

Area
Zip Code
Sales 2Q16
Sales 2Q17
Sales 2Q18
Pendings Today
Cardiff
92007
25
30
11
9
Carlsbad NW
92008
49
67
67
20
Carlsbad SE
92009
161
181
148
64
Carlsbad NE
92010
49
51
47
26
Carlsbad SW
92011
80
91
60
26
Del Mar
92014
55
45
47
8
Encinitas
92024
144
141
110
51
La Jolla
92037
113
105
104
42
RSF
92067
76
79
55
43
Solana Bch
92075
19
33
21
10
Carmel Vly
92130
173
153
166
55
All Above
All
944
976
836
354

If the numbers for 2Q18 are remarkably under the first two columns, and the number of pendings are so low that the 3Q18 doesn’t look promising either, then you can figure that the market is soft, and getting softer in that zip code (Cardiff, Carlsbad SW, & Encinitas).

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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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