Hello, Summer!
While lots of people are talking about how prices are going down, June sales in North County doesn’t show lower prices.
For June sales of detached homes, both Carlsbad and Vista set new all-time highs last month. In other North County cities, prices are stable. Many stay close to their all-time highs – and most of these records were set in the past year.
So what about inventory? More homeowners are deciding to put their homes on the market. You can see in the graphs below how inventory has gone up steadily all year. There is a 94% increase in the number of detached homes available to buy, from January 23 to July 29.
Listings are taking longer to sell: Days on Market has increased substantially this year. It is reasonable to expect to wait 2-3 weeks to sell a property, if it is priced appropriately.
Here are the June 2025 median detached home sales prices, with inventory numbers as of July 29:
Carlsbad – NEW RECORD! – $1,972,500
Last all-time high: $1,950,000 – June 2025
Encinitas/Cardiff-by-the-Sea – $2,645,000
All-time high: $3,100,000 – September 2023
San Marcos – $1,263,000
Last all-time high: $1,340,000 – April 2025
Vista – NEW RECORD! – $1,008,500
All-time high: $995,000 – March 2025
Oceanside – $1,000,000
Last record: $1,031,000 – December 2024
Escondido – $975,000
Last all-time high: $1,040,000 – June 2024
Interest Rates
Interest rates have stayed constant over the past couple of weeks. Best rates for most 30-year fixed non-jumbo loans are in the mid-to-high-6% range.
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!
