Leave a comment » North San Diego Coastal Real Estate Market Update for August 2009North San Diego County Real Estate UpdateThere 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)
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Posted on September 02, 2009 23:22:44
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