We are having fewer sales between Carlsbad and La Jolla, but about the same percentage are closing over the list price as we’ve seen in the previous months of 2022:
NSDCC Detached-Home Sales, June (Month-to-Date)
Number of Sales: 104
Number of Sales Closed Over List: 68 (65%)
Average List Price of Over Lists: $2,298,732
Average Sales Price of Over Lists: $2,448,509
SP:LP = 107%
Median List Price of Over Lists: $2,100,000
Median Sales Price of Over Lists: $2,267,500
SP:LP = 108%
Can we say that the list pricing has come down much? Not really.
The median days-on market of those that closed over list was 8 days, so pretty much all of the buyers were into the higher mortgage-rate era when they made their decision.
I know it’s tempting for waiting buyers to think it’s going to get better, later – but so far, all that’s happened is fewer sales.
There were 22 of the 104 that closed for $200,000 or more over the list price!