There are more soundbites about sales and pricing being down overall, but the market for detached-homes between La Jolla and Carlsbad is hanging in there.

There was an extra business day this year, and there will be more sales reported over the next few days – if those two balance each other out, we’re only about 5% under last year’s sales count, and the pricing trend is higher:

Year
# of Sales
Median SP
Avg. $$-per-sf
Avg. DOM
2016
307
$1,120,000
$518/sf
40
2017
279
$1,282,131
$535/sf
44
2018
272
$1,285,225
$567/sf
40
2019
257
$1,350,000
$585/sf
44

Angelo Mozilo said he never saw a soft landing, but if mortgage rates stay close to 4% and sellers can live with the same price as the last guy got, then this might be the first soft landing in history.

The selling season should hold its own, and it will be the off-season where we could see more dramatic swings due to less volume.

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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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