Keep tabs on the residential real estate market trends in North County San Diego, and check out how the market has changed over the past year. The market reports focus on the areas of Carlsbad, Encinitas / Leucadia / Cardiff-by-the-Sea, San Marcos, and Vista.
The first quarter of 2025 is almost over, and as the weather warms up, so does the San Diego real estate market. The winter season was busier than most people expected, and many expect even more activity during spring. No sales records were set in February, but prices remain stable, and inventory has already increased 17% since January. The number of days on market started growing at the end of 2024 and beginning of 2025.
Welcome to a new year! I kept all of 2023 and 2024 in the price and inventory graphs below. Usually, we expect December to be a relatively slow month for real estate. There aren’t as many homes on the market, and many people put their home buying on hold for the holidays. So imagine my surprise when Oceanside set a NEW RECORD for sales price, at $1,031,000. Also, there was very little change in inventory
Throughout 2024, we have seen a stable market, although it has been slow and often frustrating for home buyers. The high rates are keeping many would-be sellers from losing their below 3% mortgages. At the same time, the 7% rates are limiting choices for would-be buyers. Looking at November 2024 sales numbers, and, same as last month, North San Diego County hasn’t set any new price records. Still, prices remain high, and inventory has dropped
Happy Thanksgiving! I just checked October 2024 sales numbers, and this is the first time in a while that North San Diego County hasn’t set any new price records. Still, prices remain high, and inventory has dropped by almost 10% in the last month. At the same time, today’s inventory is 45% higher from one year ago. Compared to September sales, the number of days on market for October sales was slightly lower. Earlier this
Happy Halloween! The weather is finally showing signs of cooling off, just in time for the beginning of the holiday season. As usual, though, the San Diego real estate market doesn’t show any signs of slowing down or cooling off. Last month, Carlsbad and San Marcos set NEW records for detached home sales prices! In spite of high sales prices, one number has changed over the past two months. The number of days on market
Fall is already here, and the real estate market continues to hold steady. Last month, August sales prices set a new all-time record for Oceanside detached homes. The number of days on market in North County is still low. Most homes sell within two weeks of listing in the MLS. But what about interest rates? The good news is that the Federal Reserve dropped the federal funds rate by .5% last week. However, that doesn’t
Summer is winding down, but the real estate market is holding steady. For the first time in a while, last month’s median sales prices didn’t set any new records in North County. Still, you can see below that the median sales prices have been consistent throughout the year. Good news for home buyers: inventory has continued to rise slowly. Between late July and late August, the number of detached homes across six North County cities
I checked June 2024 sales numbers for six North County cities. Out of six cities, two set new sales price records! For detached home sales, San Marcos, and Escondido set new records for sales prices. Inventory has continued to rise slowly. Between late June and late July, the number of detached homes across six North County cities increased slightly. Given the low inventory over the past year, we are grateful for any signs of improvement.
I checked May 2024 sales numbers for six North County cities. Out of six cities, three set new sales price records! For detached home sales, San Marcos, Oceanside, and Escondido set new records for sales prices. Inventory has continued to rise throughout the spring season. Between late May and late June, the number of detached homes across six North County cities increased by 18%. This is good news for home shoppers, who have struggled to
Sales prices are staying high. For detached home sales, Oceanside set a new record high sales price for April 2024, at $975,000. Inventory has continued to rise this spring. Between late April and late May, the number of detached homes across six North County cities increased over 11%. Carlsbad – $1,900,000 All-time high: $1,930,000 – April 2022 Encinitas/Cardiff-by-the-Sea – $2,375,000 All-time high: $3,100,000 – September 2023 San Marcos – NEW HIGH – $1,150,000 All-time high:
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.
Real estate in Q1 of 2024 has remained stable. For detached home sales, both Carlsbad and Vista reached or nearly reached their April 2022 record highs. Inventory continues to stay very low. Many would-be home sellers are waiting for interest rates to drop, as they may have doubled since their last refi. Carlsbad – $1,920,000 Encinitas/Cardiff-by-the-Sea – $2,454,000 San Marcos – $1,116,368 Vista – $950,000 Oceanside – $949,000 Escondido – $910,000 Interest Rates Rates have
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2021-2023 and represents properties listed or sold by various brokers. Housing Inventory In most North County cities, San Diego housing inventory has been climbing slowly since the beginning of 2023. We hope for a break in interest rates, to incentivize more owners to sell. Today, there are many home buyers who are waiting
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2021-2023 and represents properties listed or sold by various brokers. Housing Inventory In most North County cities, San Diego housing inventory has been climbing slowly since the beginning of 2023. We hope for a break in interest rates, to incentivize more owners to sell. Today, there are many home buyers who are waiting
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2021-2023 and represents properties listed or sold by various brokers. Housing Inventory San Diego housing inventory has been climbing slowly throughout Spring 2023. We hope for a break in interest rates, to incentivize more homeowners to move. Currently, there are many would-be home buyers, just waiting for more homes to come on the
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2023 and represents properties listed or sold by various brokers. Housing Inventory San Diego housing inventory has gone down, in many cities, since the beginning of the year. We hope for a break in interest rates, to incentivize more homeowners to move. At this time, there are many would-be home buyers, just waiting
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory As expected, the number of homes for sale has gone down since the summer. We hope for inventory to go back up early next year, as it usually does, in February and March. Days on Market The biggest change over the
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory The number of homes for sale is decreasing as we approach the holiday season. After a brief increase in inventory over the summer, we are back down to April/May levels. Days on Market The biggest change over the past few months
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory Inventory went up between late June and late July. While levels are still low, it is a good sign for buyers to see more homes for sale. Days on Market Homes are still selling very quickly. For June 2022 sales, most
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory As summer approaches, we’re seeing more inventory all over North County. Between April and May, inventory went up significantly in all six markets. It appears that more would-be sellers are seeing the market slow down, and want to hurry up and
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory As we enter the spring season, we’re still seeing low inventory all over North County. Between March and April, inventory went up in all six markets. Still, you can see in the charts below that the inventory is historically very low.
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory As we enter the spring season, we’re still seeing low inventory all over North County. Between February and March, some areas experienced an increase, others a decrease, and others no change. You can see in the charts below that the inventory
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory There is some good news for home buyers – the inventory did increase significantly between early January and early February. At the same time, inventory tends to drop during the holiday season, and you can see how it’s still unusually low,
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory You can see in the charts below, that the inventory in early January is even lower than in December. Inventory tends to drop during the holiday season, but you can see how it’s unusually low at the very beginning of 2022.
