It’s been ten years since the bottom of the market.
Let’s see how the annual median-sales-prices of detached-homes have changed:
|Town or Area|
- Everywhere’s a million!
- Most areas had their median sales price rise more in the second half (2014-2019).
- The number of sales is very impressive, given the run-up in pricing (we had 2,781 sales in 2018).
- Pricing in the Ranch has averaged +1% per year, which proves we can live with flat pricing for 5-10 years.
- Encinitas is less like Carlsbad and more like its ritzy neighbors to the south. Maybe it’s the culture?
Hard to believe it was 10 years ago this blog was filled with tons of angry comments about the area being
NOWHERE CLOSE TO THE BOTTOM!!!!!!
Oh how wrong they were…
True, and they lasted for for 2-3 years too. I’m lucky we survived it!
Though if the banks would have kept foreclosing, it would have been more drawn out. By the end of 2012, however, the locals wanted to get back to buying homes!
Thanks for checking in calixto! I’m not sure you have ever commented before?