State of San Diego Real Estate

State Of San Diego Real Estate – August 2010

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.

WEB Exclusives!!!!

CARLSBAD, POWAY, RANCHO BERNARDO/SANTALUZ/THE CROSBY!

 

The State of San Diego Real 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 • 858-756-8020• www.themichaeltaylorgroup.com

Carlsbad Update:  7/15/2010

Sales Activity: Sales activity in Carlsbad remains robust.  There were 109 closed sales during the past month, raising the total number of closings year-to-date from 448 to 557 through July 15, 2010. The number of homes in escrow decreased by 27; from 243 to 216.

Inventory levels: During the last month, the total number of homes listed for sale increased just under 10%, from 457 to 491.   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 the North County 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 Update:  7/15/2010

Sales Activity: Sales activity in Poway remains active.  There were 37 closed sales during the past month, raising the total number of closings year-to-date from 205 to 242 through July 15, 2010. The number of homes in escrow decreased by 8 ; decreasing from 114 to 106.

Inventory levels: During the last month, the total number of homes listed for sale increased just over 10%, from 222 to 250.   The inventory level remains right at a 6-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 the North County 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.

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

Santaluz/The Crosby/Rancho Bernardo Update:  7/15/2010

Sales Activity:  Over the past month, the total number of closed sales in 2010 rose from 693 to 853, an increase of 160 closed sales.  The number of homes in escrow as of July 15, 2010 dropped by 75 homes, dropping to 360 compared to 435 a month ago.

Inventory levels: The number of homes listed for sale rose approximately 16%, increasing by 77, to 544 from 467 a month ago.  The current listing inventory compared to last year’s number of sales equates to just over a 4 and a half months 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 Update:  7/15/2010

Sales Activity:  Over the past month, the total number of closed sales thus far in 2010 rose from 96 to 119, an increase of 23 closed sales.  The number of homes in escrow as of July 15, 2010 decreased from 50 the month before to 40. When factoring in the 23 properties which closed escrow since June 15, 2010, there was an increase of 13 new and contingent escrows reported as of July 15, 2010.

Inventory levels: The number of homes listed for sale has risen from the previous month, 328 compared to 306 on June 15th.  The current listing inventory still remains just over a 24-month supply. While still the highest level of inventory when compared to other San Diego County luxury home communities, the pace of sales is definitely improved over a year ago.

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:  7/15/2010

Sales Activity:  Over the past month, the total number of closed sales in 2010 rose from 64 to 75, an increase of 11 closed sales.  The number of homes in escrow as of July 15, 2010 increased from 34 the month before to 37.   When factoring in the 11 properties which closed escrow since June 15, 2010 there were 14 net new escrows reported this month.

Inventory levels: The number of homes listed for sale remained virtually the same, 187 a month ago to 188 on July 15th. The current listing inventory equates to just over a 12-month supply, down from a 16-month supply when we first began reporting in June of 2009.

The Silver Lining: With 75 closed sales through July 15, 2010, demand continues at an acceptable pace.  Indications are that this trend will continue throughout 2010. There continues to be a wide variety of homes that buyers can choose from and sellers willing to become more competitive with their pricing will have an opportunity to entice the right buyer.

Encinitas Update:  7/15/2010

Sales Activity: Sales activity in Encinitas remains active.  There were 44 closed sales during the past month, raising the total number of closings year-to-date from 251 to 295 through July 15, 2010. The number of homes in escrow decreased by 7;  from 122 to 115.

Inventory levels: During the last month, the total number of homes listed for sale increased just under 10%,  from 282 to 300.   The inventory level remains right at a 6-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 the North County 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 Update:  7/15/2010

Sales Activity: Sales activity in La Jolla remains consistently active.  There were 62 closed sales during the past month, raising the total number of closings year-to-date from 229 a month ago to 291.  The number of homes in escrow decreased from 129 a month ago to 107 on July 15th. Subtracting the number of closed sales the previous month, there were 40 net new escrows reported open.

Inventory levels: The total number of homes listed for sale increased approximately 10%; to 478 from 435 a month ago. The inventory level is slightly above 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-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.

Carlsbad Update:  7/15/2010

Sales Activity: Sales activity in Carlsbad remains robust.  There were 109 closed sales during the past month, raising the total number of closings year-to-date from 448 to 557 through July 15, 2010. The number of homes in escrow decreased by 27;  from 243 to 216.

Inventory levels: During the last month, the total number of homes listed for sale increased just under 10%; from 457 to 491.   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 the North County 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 Update:  7/15/2010

Sales Activity: Sales activity in Poway remains active.  There were 37 closed sales during the past month, raising the total number of closings year-to-date from 205 to 242 through July 15, 2010. The number of homes in escrow decreased by 8; from 114 to 106.

Inventory levels: During the last month, the total number of homes listed for sale increased just over 10%,; from 222 to 250.   The inventory level remains right at a 6-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 the North County 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 Update:  7/15/2010

Sales Activity:  Over the past month, the total number of closed sales in 2010 rose from 693 to 853, an increase of 160 closed sales.  The number of homes in escrow as of July 15, 2010 decreased by 75 homes, dropping to 360 compared to 435 a month ago.

Inventory levels: The number of homes listed for sale rose approximately 16%, increasing by 77, to 544 from 467 a month ago.  The current listing inventory compared to last year’s number of sales equates to just over a 4 ½-months 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.

Related posts

The State of San Diego Luxury Real Estate – August 2020

admin

The State of San Diego Real Estate August 2012

admin

The State of San Diego Luxury Real Estate – February 2010

admin