November 2012 Update North County Monthly Market Trends

Writing this on election day and again reporting that prices are rising here !!! November again saw a dramatic drop in inventory as sellers hold back but buyers snap up the few remaining well priced homes. Again we have had listings with multiple bids at prices above what the seller had anticipated. For the four zip codes in Carlsbad we see just 155 detached homes for sale today and 122 sold last month. Barely five weeks of inventory to sell here.

For Carlsbad, Oceanside (not 92058), Vista and Encinitas there is also about five weeks of inventory left. With Thanksgiving and Christmas approaching we can expect sellers to still be absent and surely sales will plummet as the stock sells out. The percentage of distressed homes (short or bank owned homes) has slowly drifted down over the last four users since we started tracking this data to 28% for the North County zips we monitor. Carlsbad at 18% distressed is considerably better off with far fewer underwater situations.

Naturally price increases will help this problem diminish. Please check below for specific price trends in Carlsbad 92009 by size of the home sold going back many years. In some cases we are seeing prices move back to levels not seen for four years. Please take care with some numbers where the number of homes sold is low but the recent rend is clear almost across the board especially in prices below $1M.

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.
  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.