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 find properties to buy.
Carlsbad – $1,910,000
All-time high: $1,930,000 – April 2022
Encinitas/Cardiff-by-the-Sea – $2,187,500
All-time high: $3,100,000 – September 2023
San Marcos – NEW HIGH – $1,230,000
Last all-time high: $1,196,000 – March 2024
Vista – $975,000
All-time high: $985,000 – March 2024
Oceanside – NEW RECORD HIGH – $1,002,500
Last record: $975,000 – April 2024
Escondido – NEW HIGH – $1,010,000
Last all-time high: $947,500 – November 2023
Interest Rates
Rates are starting at about 7%. 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!
