State of San Diego Real Estate

State Of San Diego Real Estate – April 2011

As with any detailed market analysis, it is essential that we look at past sales activity by price categories in order to understand how the current sales compare to the past sales activity.

 

WEB Exclusives!!!!

CARLSBAD, POWAY, RANCHO BERNARDO/SANTALUZ/THE CROSBY Luxury Real Estate!

Plus Rancho Santa Fe, Del Mar, La Jolla, Carmel Valley, Solana Beach, Encinitas, and Coronado Luxury Real Estate Updates!

 

The State ofSan DiegoReal Estate

The Approach:

As with any detailed market analysis, it is essential that we look at past sales activity by price categories in order to understand how the current sales compare to the past sales activity. Additionally, it is important to compare the number of most recent sales to the number of properties on the market. This assists in understanding how the supply/demand ratio has impacted and will continue to impact values, and helps forecast the number of sales that may occur in the future. This information is vital for the development and implementation of marketing and pricing strategies for both sellers and buyers.

 

Written by Michael Taylor, Prudential California Realty • 858-756-5120• www.themichaeltaylorgroup.com

 

 

Carlsbad Luxury Real Estate Update:  3/15/2011

Sales Activity:  Sales activity inCarlsbad heated up slightly.  There were 73 closed sales during the past month, raising the total number of closings year-to-date from 67 to 140 through March 15, 2011. The number of homes in escrow increased by 28; from 191 to 219.

Inventory levels:  During the last month, the total number of homes listed for sale increased slightly increasing to 440 compared to 438 a month ago.  The inventory level remains right at a 6-month supply.

The Silver Lining: Carlsbad’s supply/demand ratio remains healthy.  This is good news for both the buyers and sellers. Carlsbad remains one of the most stable communities in theNorthCounty area. The favorable balance of the number of new home sales and the number of homes available to purchase should provide both sellers and buyers a level of comfort in making their selling and buying decisions.

Poway Luxury Real Estate Update:  3/15/2011

Sales Activity:  Sales activity inPoway remains active.  There were 38 closed sales during the past month, raising the total number of closings year-to-date from 45 to 83 through March 15, 2011. The number of homes in escrow increased by 9; to 119 from 110 a month ago.

Inventory levels:  During the last month, the total number of homes listed for sale remained virtually the same: 202 compared to 201 a month ago.  The inventory level remains between a 6-and-7-month supply.

The Silver Lining: Poway’s supply/demand ratio remains healthy.  This is good news for both the buyers and sellers.  Poway remains one of the most stable communities in theNorthCounty area. The favorable balance of the number of new home sales and the number of homes available to purchase should provide both sellers and buyers a level of comfort in making their selling and buying decisions.

Rancho Bernardo, Santaluz, The Crosby Luxury Real Estate Update:  3/15/2011

Sales Activity:  Over the past month, the total number of closed sales in 2011 rose from 117 to 216, an increase of 99 closed sales.  The number of homes in escrow as of March 15, 2011 increased by 23 homes, increasing to 343 compared to 320 a month ago.

Inventory levels:  The number of homes listed for sale increased by 12; to 501 from 489 a month ago.  The current listing inventory compared to last year’s number of sales equates to right at a 4-month supply.

The Silver Lining:  The Rancho Bernardo market remains consistently stable. There continues to be a wide variety of homes that buyers can choose from.  Sellers becoming more competitive with their pricing still have the opportunity to entice the right buyer and buyers have the opportunity to purchase a home with the advantage of the competitive environment.

Rancho Santa Fe Luxury Real Estate Update:  3/15/2010

Sales Activity:  Over the past month, the total number of closed sales thus far in 2011 rose from 21 to 41, an increase of 20 closed sales.  The number of homes in escrow as of March 15, 2011 rose to 51 compared to 49 a month ago. When factoring in the 20 properties which closed escrow since February 15, 2011, there were 22 new and contingent escrows reported as of March 15, 2011.

Inventory levels:  The number of homes listed for sale decreased from the previous month, 246 compared to 251 on February 15th.  The current listing inventory has dropped down to a 14-month supply, the lowest level since we began reporting in June of 2009.  While still the highest level of inventory when compared to otherSan DiegoCounty luxury home communities, the pace of sales is definitely improved last year.

The Silver Lining:  With the number of sales increasing, we are continuing to move toward a more stabilized marketplace. There continues to be a wide variety of homes that buyers can choose from.   Sellers willing to become competitive with their pricing still have an opportunity to entice the right buyer and buyers can take comfort that it remains a great time to buy luxury real estate.

Del Mar Luxury Real Estate Update:  3/15/2011

Sales Activity:  Over the past month, the total number of closed sales in 2011 rose from 21 to 35, an increase of 14 closed sales.  The number of homes in escrow as of March 15th rose to 40 compared to 35 a month ago.   When factoring in the 14 properties which closed escrow since February 15, 2011, there were 18 net new escrows reported this month.

Inventory levels:  The number of homes listed for sale dipped slightly to 170 compared to 175 a month ago.  The current listing inventory remains right at a 15-month supply, down from a 16-month supply when we first began reporting in June of 2009.

The Silver Lining:  With 35 YTD closed sales through March 15, 2011, demand continues at an acceptable pace. There continues to be a wide variety of homes that buyers can choose from.  Sellers willing to become more competitive with their pricing will have an opportunity to entice the right buyer.

Carlsbad Chart – click here

Carlsbad Graph- click here

Carmel Valley Chart – click here

Carmel Valley Graph- click here

Coronado Chart- click here

Coronado Graph – click here

Del Mar Chart- click here

Del Mar Graph – click here

Encinitas Chart – click here

Encinitas Graph- click here

Solana Beach Chart- click here

Solana Beach Graph – click here

La Jolla Chart- click here

La Jolla Graph – click here

Rancho Sante Fe Chart- click here

Rancho Sante Fe Graph – click here

Poway Chart click here

Poway Graph – click here

Rancho Bernardo Chart- click here

Rancho Bernardo Fe Graph – click here

Community Comparison – click here

Encinitas Luxury Real Estate Update:  3/15/2011

Sales Activity:  Sales activity in Encinitas remains active.  There were 38 closed sales during the past month, raising the total number of closings year-to-date from 44 to 82 through March 15, 2011. The number of homes in escrow increased by 13; to 104 from 91.

Inventory levels:  During the last month, the total number of homes listed for sale increased to 241 compared to 231 a month ago.   The inventory level remains right at a 5-month supply.

The Silver Lining:  Encinitas’s supply/demand ratio remains healthy.  This is good news for both the buyers and sellers.  Encinitas remains one of the most stable communities in theNorthCounty area. The favorable balance of the number of new home sales and the number of homes available to purchase should provide both sellers and buyers a level of comfort in making their selling and buying decisions.

La Jolla Luxury Real Estate Update:  3/15/2011

Sales Activity:  Sales activity in La Jolla remains consistently active.  There were 45 closed sales during the past month, raising the total number of closings year-to-date from 44 a month ago to 89.  The number of homes in escrow decreased from 89 a month ago to 86 on March 15th. Subtracting the number of closed sales the previous month, there were 42 net new escrows reported open, the same as reported last month.

Inventory levels:  The total number of homes listed for sale increased to 410 from 400 a month ago.   The inventory level remains at a 9-month supply, remaining near the lowest level since we first reported in June 2009.

The Silver Lining: La Jolla’s supply/demand ratio has continued to improve since we started reporting and continues to hover at about a 9 to 10-month supply. This remains good news for both the buyers and sellers.  Buyers still have a variety of homes to consider, and sellers are finding that with competitive pricing they have the opportunity to sell their home within a reasonable marketing period.

Solana Beach Luxury Real Estate Update:  3/15/2011

Sales Activity:  Over the past month, the total number of closed sales in 2011 rose from 11 to 21, an increase of 10 closed sales.  The number of homes in escrow as of March 15, 2011 decreased to 26 compared to 30 a month ago.

Inventory levels:  The number of homes listed for sale increased to 103 compared to 87 a month ago.  The current listing inventory compared to last year’s number of sales equates to a 6-month supply.

The Silver Lining:  TheSolanaBeach market remains relatively stable. There continues to be a wide variety of homes that buyers can choose from.  Sellers willing to become more competitive with their pricing still have an opportunity to entice the right buyer and buyers have the opportunity to purchase a home with the advantage of the competitive environment.

Carmel Valley Luxury Real Estate Update:  3/15/2011

Sales Activity:  Sales activity inCarmelValley remains consistently active.  There were 54 closed sales during the past month, raising the total number of closings year-to-date from 57 to 111.  The number of homes in escrow increased to 122 from 113 a month ago.  Subtracting the number of closed sales the previous month, there were 63 net new escrows reported as of March 15, 2011.

Inventory levels:  During the last month, the total number of homes listed for sale rose to 232 from 222 a month ago.   The inventory level remains just at a 4 -month supply across all price points.  This indicates a very stabilized market. Multiple offers could still occur at the lower price points.

The Silver Lining: CarmelValley’s supply/demand ratio continues to show a stabilized market. This is great news for both the buyers and sellers. CarmelValley remains one of the most stable communities within its geographic area. The favorable balance of the number of home sales and the number of homes available to purchase continues to provide both sellers and buyers a level of comfort in making their selling and buying decisions.

 

 

Coronado Luxury Real Estate Update:  3/15/2011

Sales Activity:  Over the past month, the total number of closed sales in 2011 rose from 19 to 38, an increase of 19 closed sales.  The number of homes in escrow as of March 15, 2011 dipped more than expected, down to 26 compared to 39 a month ago. When factoring in the 19 properties which closed escrow since January 15, 2011, there were 6 net new escrows reported opened this past month.

Inventory levels:  The number of homes listed for sale rose slightly to 213 compared to 205 a month ago.  The current listing inventory is between an 11 to 12-month supply, indicating a further move toward a stabilized market.

The Silver Lining:  There continues to be a wide variety of homes that buyers can choose from.  Sellers willing to become more competitive with their pricing still have an opportunity to entice the right buyer and buyers have the opportunity to purchase a home with the advantage of the competitive environment.  This remains a great time to buy luxury real estate.


Related posts

The State of San Diego Luxury Real Estate – July 2018

admin

The State of San Diego Luxury Real Estate – November 2019

admin

Health of Real Estate – Del Mar / Rancho Sante Fe – November

admin