January 2014 Update North County Monthly Market Trends

As we start a new year we can look back at fairly dramatic 2013 that saw some significant price rises and months of very low inventory. Every North County zip code assessed here saw distressed sales decline in some areas to zero. Bank owned homes are now very scarce. It felt like a buoyant active market but the truth is less homes were sold in 2013 than was saw in 2012. The shortage drove prices up but can those price rises be sustained as inventory grows? Will inventory grow? A surprise to me is how few sellers jumped on the mini “boom” across the county. After years of steep price drops and a languishing market that followed you would think some sellers would be over the moon to get back most if not all of their investment especially those that got so thoroughly burnt buying at the height of the market. The first chart below is a price breakdown of zip code 92009 detached homes going back to 2004. This charts show that by the end of 2013 most homes in 92009 had recovered their value back to close to their all time high. The best performance was for the smallest homes which were within 2% of their all time homes. Almost all homes came within 10% of their all time highest value.

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.