June 2014 Update North County Monthly Market Trends

June detached 2014 sales were about average for the zip codes we track in North County (Carlsbad, Oceanside, Vista and Encinitas here but we also have data for San Marcos you can request from us by email [email protected]) Distressed sales at 6% of all sales reflect the declining number of these once as high as 70% in January 2009. In Carlsbad only 3 of the 111 detached homes sold were distressed (short sale or bank owned) Inventory across North County was well up and back to what we saw 30 months ago. We continue to see about half the homes sold are in escrow in 14 days or less. In the first chart below you can track detached home prices for Carlsbad zip code 2009 for the last few years up until June this year by quarter.

Most prices have returned to the highs we saw around 2005-6 especially at the lower price ranges. Homes in the 1500-2000 square foot range now average $646K and $723K for homes 2001-2500 square feet. In the higher price ranges we see a small decline in home prices and this coupled with the significant increase in inventory in almost all areas may keep these prices from rising any further. For now we may have seen the top of the market for homes over 3,000 square feet. Do you need to pay 6% commission in this market? Why Why!!!

Call Joanne 760-438-1000 now to save a small fortune and get the high price your home is worth and keep $1,000’s in fees. The first chart below is a price breakdown of zip code 92009 detached homes going back to 2004. This chart takes us the the end of March 2014 quarter by quarter. If less than 10 homes were sold in a quarter do not put too much faith in the results but generally I hope you can see the quarter by quarter increases in prices for most homes in this zip code.

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.