NSDCC Sales, April 1-15

by | Apr 21, 2020 | Jim's Take on the Market, North County Coastal, Sales and Price Check, Virus

The closed sales in May will likely be worse than April – which hasn’t been too bad so far (just -26% yoy).  We have 82 pendings currently that have opened escrow this month.

NSDCC April 1-15 Sales & Pricing

Year
# of Sales
Avg $$/sf
Median SP
Avg DOM
2017
129
$533/sf
$1,275,000
42
2018
117
$557/sf
$1,255,000
43
2019
119
$567/sf
$1,410,000
56
2020
88
$565/sf
$1,382,500
39

We were off to a good start in 2020 prior to the coronavirus, so not surprised that the momentum kept these sales closing. But each of these buyers wired their funds into escrow in the midst of the some of the worst news they have ever heard in their life – and they still closed.

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