March 2012 Issue Breakdown of MLS reported sales for 7 luxury areas analyzed by price points with year supply estimates.
Breakdown of MLS reported sales for 7 luxury areas analyzed by price points with year supply estimates. This detailed information provides important indicators for pricing and marketing strategies for buyers and sellers.
Rancho Santa Fe 92067,92091 YTD luxury home sales in Rancho Santa Fe as of 2/15/2012 = 25 with 222 active listings currently on the market. In 2011 sales as of 2/15 = 21 and there were 251 active listings on the market. Year-over-year we have gone from a 14-month supply of inventory to a little over a 12-month supply.
Click here for Rancho Santa Fe historical sales compared by price range < $3 million, $3-$5 million, > $5 million
Del Mar 92014 YTD luxury home sales in Del Mar as of 2/15/2012 = 20 with 139 active listings currently on the market. In 2011 sales as of 2/15 = 21 and there were 175 active listings on the market. Year-over-year we have gone from a 15-month supply of inventory to just an 8-month supply.
Click here for Del Mar historical sales compared by price range < $3 million, > $3 million
Encinitas 92024 YTD luxury home sales in Encinitas as of 2/15/2012 = 47 with 192 active listings currently on the market. In 2011 sales as of 2/15 = 44 and there were 231 active listings on the market. Year-over-year we have gone from a 5-month supply of inventory to a 4-month supply.
Click herefor Encnitas historical sales compared by price range < $2.5 million, > $2.5 million
“Since in the first quarter of last year 118 La Jolla homes were reported closed, and now (2/15) the MLS shows 47 closed, it seems we’re a little behind last year. Although there’s no way of checking how many were in escrow at this time last year, the 102 CURRENT ESCROWS (pending and contingent) in La Jolla makes it feel like we could far exceed last year in activity!”
“Median and average prices for 2011 (compared to 2010) reached even (median) and positive (+2.4% – average) territory compared to previous years FOR THE FIRST TIME SINCE 2005. We believe all this signals a positive change in the La Jolla market this year! “
Phil and Pam Reed, The Reed Team, Willis Allen Real Estate
La Jolla 92037 YTD luxury real estate sales in La Jolla as of 2/15/2012 = 45 with 334 active listings currently on the market. In 2011 sales as of 2/15 = 44 and there were 400 active listings on the market. Year over year we have gone from a 9-month supply of inventory to a little over a 7-month supply.
Click here for La Jolla historical sales compared by price range < $3 million, $3-$5 million, > $5 million
Rancho Bernardo/Santaluz/The Crosby/4S Ranch 92127,92128 YTD luxury real estate sales in 92127,92128 as of 2/15/2012 = 139 with 376 active listings currently on the market. In 2011 sales as of 2/15 = 117 and there were 489 active listings on the market. Year-over-year we have gone from a 4-month supply of inventory to just a little over a 3-month supply.
Click here for RB historical sales compared by price range < $1.5 million, > $1.5 million
“2012 will be the year where San Diego begins to see a return to normal sales volume. It’s already beginning at the coast in the entry level price points. The improving job market and low interest rates will drive the recovery although foreclosures will continue to be a headwind toward any price appreciation for at least the next 2 years.”
Patrick Brown, Associate Broker, Petrone Properties
Carmel Valley 92130 YTD luxury real estate sales in Carmel Valley as of 2/15/2012 = 51 with 172 active listings currently on the market. In 2011, sales as of 2/15 = 57 and there were 222 active listings on the market. Year-over-year we have gone from a 4-month supply of inventory to a 3-month supply.
Click here for Carmel Valley historical sales compared by price range < $2.5 million, > $2.5 million
Coronado 92118 YTD luxury real estate sales in Coronado as of 2/15/2012 = 22 with 169 active listings currently on the market. In 2011, sales as of 2/15 = 19 and there were 205 active listings on the market. Year-over-year we have gone from a 11-month supply of inventory to an 8-month supply.
Click here for Coronado historical sales compared by price range < $2.5 million, > $2.5 million
