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Pending home sales nationally were up 8.2% for February 2010, in the West, according to the report pending sales were off nearly 5%. In the San Diego real estate market the picture was significantly brighter than the February numbers that came out today would suggest. Your March 2010 North San Diego Coastal Real Estate Update is available below. The pending home sales in North San Diego Coastal markets covered by the report showed a 51% year over year rise. Other important insights show the Months Supply of Home Inventory down year over year by 48% and the Average Market Time lower as well. The North San Diego coastal real estate market appears to be turning a corner, there is a note of caution in the air. There is a good deal of stimulus in the system right now, some of which is coming to an end. The Fedreal Reserve has finished purchasing Mortgage Backed Securities and federal tax credits for move up buyers and first time home buyers are scheduled to end soon.The real question is what will happen over the next 3- 9 months. Tell us what you think? Give us your thoughts below. 

Areas of focus in the report are the following zip codes: 92007,92008,92009,92010,92011,92014,92024,92067,92075,92130.

If you would like a local report for your zip code specifically or your neighborhood contact me at (760) 602-1000 or email Loren@coastalhomefinder.com and ask for your report.

Click on report below to see the March 2010 North San Diego Coastal Real Estate Report.

It's the end of the first week of September 2009 and in North San Diego Coastal zip codes there are 2060 available properties attached and detached single family homes with 1509 Contingent and Pending. I must tell you the ratios represented here are considerably better than a year ago. We have a new category that we did not have in MLS system last year as well, the Contingent Status.  So what effect will this new status have on the numbers over time? The contingent status right now has a large number of short sales, many of which will not close successfully.  

I hope everyone had a nice long holiday weekend! While I was watching my kids play this weekend, mainly my daughter, I was thinking about some of her expressions she would use when she was a bit younger.

One was "I don't Give a Care" and the other one came into play when she was upset with someone. Once she was upset at her brother and she called him a "Little, Little". It came out more like "yoooouuu Little (pause, pause thinking of a word to call him & when nothing came to mind) Little!"

These phrases have gained a life of their own in our family and show up from time to time in conversations.  So this week my goals are simple, not to be a "Little, Little".  And more importantly, in all of my conversations and interactions with family, friends, clients, and associates, let my actions show I   do "Give a Care".  If you are not a client yet, I welcome the opportunity to spend some time with you and show I do care. We can discover together how to best reach your goals.

By the way, if you want to search for homes on your Apple iPhone or other cell phone click here.

Here are some active foreclosure and pre-foreclosure Deals in North San Diego Coastal areas

And here are beach area Dream Homes that are incredible!

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.