Real Estate Market Report

North County San Diego Real Estate Market Report – June 2024

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!