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.
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.
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2021 and represents properties listed or sold by various brokers. Housing Inventory As you can see in the charts below, the inventory is still very low, and it continues to drop as we reach the end of the year. The biggest factor driving the market, as has been the case all year, is
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2021 and represents properties listed or sold by various brokers. Housing Inventory (plus a brief rant about the 2021 market) As you can see in the charts below, the inventory is still very low, and it continues to drop as we enter the holiday season. The biggest factor driving the market is the
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2021 and represents properties listed or sold by various brokers. Housing Inventory As you can see in the charts below, the inventory is still very low. Luckily, we have seen more homes go on the market over the past couple of months. Everyone is hoping that inventory will increase into the holiday season.
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2021 and represents properties listed or sold by various brokers. COVID Update Assistance for homeowners, renters, and landlords is coming to a close… COVID Assistance For Homeowners is Ending Many homeowners have received some financial assistance through COVID-19 assistance programs and the California property tax penalty cancellation request program. FHFA has extended the
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2021 and represents properties listed or sold by various brokers. COVID Update In spite of rising COVID cases, including breakthrough cases in fully vaccinated people, the real estate industry is operating normally. We can host open houses, and tour properties with other members of the public. The only restriction we have to follow
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2021 and represents properties listed or sold by various brokers. COVID-19 Update We are moving onward and upward! As of June 15, most restrictions are no longer in place. We can tour properties without entry disclosures, which makes scheduling much easier. The only restriction we have to follow is that all non-vaccinated people
