JANUARY 2017 UPDATE - CARLSBAD PRICE TRENDS
February 2017 – Year of the Better Deals
Like him or not our new president does make a good point about making better deals. What drives us crazy here is how many people we know waste an absolute fortune on real estate fees buying and or selling. I wish someone would explain to me why they / you do this? We know traditional high fee agents will say say “Why risk your most valuable assert with a discount realtor”? and that is scary stuff but it is FAKE news. There is no extra risk? What in fact is the risk? The risk is that you could be wasting your money and before you do just talk to us for ten minutes. This is not saving 15% of a grand with Geico but maybe saving 2-3% of your $600K home or more? Not worth a few minutes?? Yes, we know you have a best friend or an uncle or neighbor who you may feel compelled to be your agent but in return will they give you half their fees? Then of course if things go wrong as they might can you really get annoyed with a relative or friend? Call Joanne 760-855-5541 just to get a pleasant zero pressure understanding of how we closed over 100 transaction amounting to over $50M in sales saving our clients a fortune with service they say was the real estate experience they ever had. Call !1 Joanne 760-855-5541
The analysis below was updated January 5th 2017.
Based on this one zip code which may not reflect general price trends in North County San Diego we have seen that basically prices have more or less plateaued out for most of the last 12 months. In some cases this extends to about two years. By prices we refer only to the cost per square foot as we think this is a more accurate measure.
We have been analyzing North County zip codes for market trends for over ten years and have wealth of data covering every month since then. You can see monthly snapshots if you click on the cities on this web site and scroll down to market trends. We have tracked Carlsbad zip code 92009 in more detail looking for price trends. This zip code has a large enough housing stock to provide meaningful statistics. We break down 92009 by size of the homes in square feet and now we have completed the fourth quarter in 2016 can assess where prices are now.
Please note all prices are per square foot
1500-2000 sq. ft. Prices reached a high in 2005 $381 then slumped before recovering to $417 in 2Q in 2016 slipping back to $403 last quarter (October to December 2016) We saw $402 a year ago so this zip seems to have plateaued out.
2001-2500 sq. ft. These homes reached $351 in 2005 and all time high reach first quarter 2016 of $359 and those levels largely maintained with last quarter at $358 so seems this size home has plateaued at this level.
2501-3000 sq. ft. The third quarter 2016 saw a large price jump to a new record high of $342 well above $312 the previous quarter and $327 way back in 2005. Last quarter this slipped back to $328 and we did see $329 in the third quarter 2015 so arguably prices have been unchanged overall for 15 months here in this size home.
3001-3500 sq. ft. The third quarter 2016 we saw $327 one dollar higher then the previous quarter and it was $308 back in 2005. In the last quarter October to December 2016 it slipped back to $303 and it was $305 in 2Q 2015 so overall with some erratic moves prices have been roughly the same now for 18 months.
3501-4000 sq. ft. There has been almost no price increases here for two years as we saw $304 now and $301 2Q 2014. Since then there have been some price “spikes” as high as $318 2Q 2016 but now back down again.
4001-4500 sq. ft. It was $310 in 2005 and it is now $330 based on a very sample of just five homes. We saw $330 2Q 2016 so higher prices seem to be maintained but maybe static now.
Call Joanne 760-855-5541 now see the most in depth analysis of your home’s value any agent can provide you.