February 2013 Update North County Monthly Market Trends

The first month of 2013 saw a general decline in sales which is normal for this time of the year and with that inventory went up for the first time in months but remains very low. This time last year North County had over twice the number of homes for sale. The number of distressed homes (short sale or bank /REO transactions) continued to decline and this has been a fairly solid trend for many months. This trend has been very slow but we anticipate the shortage of inventory will continue to result in price increases and this will allow more homes to be less underwater.

It has been a slow gradual process but the last few months have seen this speeding up. Also notable is how many lower priced homes are off the market in less than 20 days. We now tell buyers to jump on any situation, be well qualified and forget about any low ball offers. We do expect to see many more people to start jumping on this sellers market as the shortage is exceptional and these conditions are unlikely to last. We hope the trend data you can see below and also in every city page (scroll down to see this) can help you stay on top of this dynamic market place.

If you are reading this and have a home you wish to sell one day soon we urge you to get it on the market now and with sell us because we discount our fees and offer a full service top agents would be proud to match.

Please note all data on this site is for detached homes and the charts below cover North County zips codes covering most of Carlsbad, Oceanside, Encinitas and Vista. The charts below are as follows:

  1. Price trends for Carlsbad zip code 92009. New 2013 data scroll to right to see price changes.
  2. North County market trends.
  3. Carlsbad market rends. Please note information here is copyright our company Coast and County Homes LLC and can be used with permission.

We can help you buy and sell and save you a small fortune in fees in one or both transactions with service our clients rave about. Do check this web site for the area/town of interest and look at the market trends for your zip code in each city page (scroll down for these) to give you a more detailed analysis of the market you are interested in. If your zip code is not here do call us and we will develop that analysis plus a detailed valuation of your home at no charge. Any questions please email Joanne at [email protected] or call 760-438-1000

Please use the scroll bar to the right of the charts to move the data up and down.

2. North County Market Trends – followed by Carlsbad trends

Below is a table showing the total sales for detached homes in Carlsbad, Vista, Encinitas and Oceanside zip codes (ex 92058 in Oceanside). Distressed homes is the percentage of homes sold that were short sales or bank owned. Active is the number of homes for sales at the beginning of the month. The “inv/month” column simply divides how many homes were for sale (active) by how many were sold in the last month. A breakdown of Carlsbad follows and shows trends for zip codes 92008,92009,92010,92011.

For detailed analysis of all the zip codes represented here please click each city tab and scroll down. We would be happy to give you a much more detailed analysis of your local area and what we believe your home might sell for in what we hope is a more upbeat market.