Sales prices continue to climb. For detached home sales, both San Marcos and Vista set new record high sales prices for March 2024 sales. In Oceanside, the median sales price matched the record high set in July 2022.
Inventory continues to stay low, but there was a significant jump between early March and late April. Many would-be home sellers are waiting for interest rates to drop, as they may have doubled since their last refi.
Carlsbad – $1,830,000
All-time high: $1,930,000 – April 2022
Encinitas/Cardiff-by-the-Sea – $2,397,500
All-time high: $3,100,000 – September 2023
San Marcos – NEW HIGH – $1,196,000
Vista – NEW HIGH – $985,000
Oceanside – $955,000
All-time high is $955,000, originally set in July 2022.
Escondido – $900,000
All-time high: $947,500 – November 2023
Interest Rates
Rates have been hovering in the 6-7% range this year. Now more than ever, your credit score makes a huge difference. If you’re considering buying or refinancing, start with a credit check, to make sure you can secure the best rate possible.
If you own a home, it’s probably worth more than you think. Contact me for a free personalized home valuation, or if you have any other real estate questions. I would love to hear from you!
