Coastalhomefinder.com

There are some cross currents taking place in North San Diego Coastal Real Estate.

Inventory is down overall (for a search in all price ranges, attached & detached homes).

The MSI or Months Supply of Inventory is at 3.9 months, this peaked in November

2008 at 9 MSI. Also, notably comparing August 2008 to August 2009 the median price

is up 10%. Before you get all giddy if you are a home seller or freaked out if you have

been thinking about buying a home, but haven't yet, we are in a very segmented real

estate market in North San Diego Coastal areas. When we look at the same data for

homes priced at $500,000 or below the Months Supply of Inventory of home goes

in to "Sellers Market" territory, with only 1.7 MSI. Looking at the $501,000 to $999,000

price ranges the MSI is at 3.9 months. If you go to the million dollar plus homes the

picture gets considerably less bright if you are a home seller of a property above 1 million

dollars. The MSI in the higher price ranges stands at 19.2 Months Supply of Inventory,

I will say that again, that is right there is 19.2 months supply of homes on the market

 in the million dollar plus range.

The more interesting data is that while overall inventory is down, the numbers of sales

closed in August 2009 is also down from the number of closings in August 2008. Inventory

is down simply due to the fact that less homes are being put on the market right now,

so the months supply of inventory continues to dwindle. Below are some charts that we

can customize to your situation, whether buying or selling you need to know not just what

the overall real estate market is doing in San Diego but what your specific price range and

 zip code are doing.Heck we can even break it down for you by size of home or numbers of

bedrooms. By the way you can search for homes on your Apple iPhone right now this

comes in handy when you are on the road checking homes for sale and the flyer box is

empty. Your flyer box will never be empty again. You can get photos, added info and with

 the click of a button set up an appointment to see a home you are interested in.

Get Your Cell Phone MLS search here. Here are some great deals available now in North San Diego

Coastal real estate.

**These numbers and charts represent data from the cities of: Del Mar, Solana Beach, Rancho Santa Fe, Cardiff by the Sea, Encinitas, Carlsbad and Oceanside over the past 12 months)

The North San Diego County Coastal real estate market has been challenging for sellers for well over two years. It is likely we are at, or have seen the bottom in the starting price ranges. Every home I have written an offer on below $400,000 in recent months has had multiple offers. Many of the foreclosures that come to market now are snapped up in bidding wars for well over asking price. This kind of action is predominate in the starting price ranges right now but what is going on in homes above $800,000 is another story. The inventory levels of higher priced homes is substantial and with rates just recently coming down on jumbo loans (see related story)  it may take some time for higher priced homes to gain the footing the lower priced homes seem to have gained. This tale of two markets is somewhat typical and expected. Lower priced areas are the first hurt and typically see the steepest declines but many times they come back first, as they are now, with the higher end following behind.