October 2012 Update North County Monthly Market Trends

Prices rising here !!!

September continued the downward spiral of detached homes in inventory here to the lowest we have seen here since January 2009. Sales dipped quite sharply from 399 to 348 which is still high but reflects the lack of homes here for sale. As you can see from the detailed snap shot below of Carlsbad zip code 92009 price are going up in almost all but the highest price range.

We expect the shortages to continue and sales may drop steeply towards the end of they year unless we get many more sellers. The number of homes sold that were distressed (short sales or bank owned)slipped again also to a new low of 28%. Still a high number but in 2009 we saw this as high as 72% and in the 90’s for parts of the area.

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

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.