They update the previous month’s stats on the first of month, so here’s the latest for Carmel Valley, Carlsbad, and Encinitas:
Encinitas had an crazy price bump in June, but toss that stat out and the pricing looks fairly steady. There just aren’t enough homes for sale that deserve the money. Until sales bottom, having the pricing hold up will be a challenge, especially with sellers enjoying the unnaturally high appreciation rate over the last 3+ years – if they have to give back 5% to 10% to make a deal, it won’t hurt them much.
