Leave a comment » North San Diego Coastal Real Estate Update July 5th 2010North San Diego Coastal Real Estate
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Posted on July 05, 2010 09:22:44
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 Loren D. SandersSubscribe to receive Comments via RSS Feed from our site. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leave a comment » North San Diego Coastal Real Estate`North San Diego Coastal Real Estate Trends
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Posted on June 24, 2010 00:43:11
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Leave a comment » Real Estate Numbers.. how do you add em up?North San Diego Coastal Real EstateReal Estate Numbers in San Diego There are a ton of data points, snapshots of where the real estate market is...or maybe better put, was. Incredible tools that offer bits of insight and nuggets of knowledge about your local housing market. In North San Diego Coastal housing alone there are multiple layers, and in some of these housing sub-markets just miles from each other, even within the same zip code things can go from a buyers market to a sellers market. So how does a person know what is truly happening? What is likely to happen next and how to make sense of all the stats, charts, stories and general noise that takes place. Some of the important numbers are the Month's Supply of Inventory, Average Market Time, Pending Inventory, Median Price and Average Price. The interesting thing about any these figures, just knowing the number does not offer much insight or benefit. Here are some housing stat's from North San Diego Coastal zip codes, year over year price percentage change in median home prices May 2009 vs. May 2010: Carlsbad 92009- 0% Carlsbad 92011 - up 10%, Carlsbad 92008-up 30%, Carlsbad 92010- up 6%, Rancho Santa Fe 92067- Down 42%, Del Mar 92014- down 20%, Oceanside 92054-up 32%, Encinitas 92024- down 9% & just south in Cardiff by the Sea 92007- up 31%. So what do these numbers tell us? In my opinion alone the numbers tell you very little, whether you are buying or selling a home in San Diego. Obviously, the numbers above do not mean a home you purchased last May in Rancho Santa Fe California for $2,000,000 is now worth $1,160,000. Gathering housing stats is easy to do on your own with the increasing number of sites catering to real estate. I study homes and prices daily. I run across some very bright people with incredible data services bouncing around the internet . I also run into some real estate agents that could not tell you what Median Price means or how many months supply of inventory a given area has, or that perhaps the jump in median price is not because the prices are up in a significant manner, it could simply mean that there are a larger percentage of distress sales at the upper end so there is a skew in the market in that location. There are always interesting questions like what is happening in Rancho Santa Fe right now what would cause year over year median price to be off 42%? ( according to figures released in June, 2010 Homedex)
The other thing catching my attention is the big bad shadow inventory. The only thing that is going to force the banks to let loose an inventory in a large way is if they were forced to. The opposite is happening right now with the current administration doing what it can to play out the loan modification, short sale process with a vast number of people under water and or behind on mortgage payments. If you have short sale or loan modification questions check this link out. In California the latest news on this front came out saying that Notice of Defaults are down 43% year over year for May 2010. A stunning figure is the 141% increase in foreclosure sale cancellations. If this is of interest to you check out the report here. Also here is the latest North San Diego County Report, Homedex. Thanks for reading this post, if you would like a detailed report on your North San Diego zip code just shoot me an email Loren@CoastalHomeFinder.com. If I can help you find your next home or sell your home I would be honored. Call me today at (760) 602-1000
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Posted on June 16, 2010 15:44:43
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Leave a comment » North San Diego Coastal Real Estate Update May 2010North San Diego Coastal Real Estate Market Update
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Posted on June 03, 2010 14:16:29
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Leave a comment » North San Diego Coastal Real Estate Update April 2010North San Diego Coastal April Home Sales Report
The North San Diego coastal real estate market update for April 2010 So far this year the real estate market has been shifting to a more positive footing for home sellers. Single family detached homes that are priced correctly are selling in a reasonable time at pretty close to asking price in many neighborhoods in North San Diego County. The inventory levels are down in many price brackets with the exception of the upper end. The top end homes in most coastal markets are seeing an abundance of inventory, short sale and foreclosure activity lead to soft prices and longer selling times. The story is very different in the mid to lower price quadrants. Low inventory and multiple offers are once again driving forces in many North San Diego Coastal communities like Carlsbad, Carmel Valley, Encinitas, San Marcos and Oceanside. This brings its own challenges that must be handled properly. There are many instances of homes selling with multiple offers only to see a low appraisal cause difficulty for both buyer and seller. The highlights of April's HOMEDEX are below Single-Family Detached Home Prices
detached and single-family attached - increased to $388,250 in April 2010 from $385,000 in March 2010.1
County increased 1.17 percent to $474,500 in April 2010 from $469,000 in March 2010, the third month of price increases and the highest median price reported since summer 2008. The SFD median price in Non-North County zip codes decreased 0.43 percent to $350,000 in April 2010 from $351,500 in March 2010.
from $390,000 in April 2009, making nine straight months of year-over price increases. Year-over median price rose 12.9 percent in Non-North County from $310,000 in April 2009, making seven straight months of year-over increases.
2010 from $396,000 in March 2010, but increased 16.42 percent year-over from April 2009 - this makes eight months of year-over price increases countywide Open publication - Free publishing
Another way to look at the real estate market in North San Diego coastal cities People ask me all the time how is the market? As you will see from the example reports below it depends. Are you buying or selling? What city & price range are you buying or selling in? Check out the report for Carlsbad home sales in the $500,000 to $750,000 price range and you will find inventory down to low levels putting home sellers in a stronger position, Months Supply of Inventory is under 3 months in this price bracket for Carlsbad
Looking at the report for homes in the million dollar to 2.5 million dollar range you will find a buyers market, Months Supply of Inventory is at 12.9 months, note it is substantially lower than the inventory last year at this pricing level. So are the best home buy's in the million plus price range going to be gone soon? Keep watching the trends to find out....
If you would like a report for your specific sitution, buying or selling, we are here to give you the edge through detailed, relevant real estate information for the North San Diego coastal real estate market. Email Loren@CoastalHomeFinder.com or call me today at (760) 602-1000
CLICK HERE FOR SOME NORTH SAN DIEGO COASTAL HOME FINDER DEALS http://www.coastalhomefinder.com/00AB19
Posted on May 13, 2010 04:22:58
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