NSDCC Sales 1Q18

Jim's Take on the Market | North County Coastal | Sales and Price Check

March 29, 2018

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The sales count is dropping between La Jolla and Carlsbad, but it’s not surprising when you consider how much higher the pricing is, and the fewer homes being listed:

NSDCC 1st Quarter Stats

Year	# of Sales	Avg. $$/sf	Median SP	Median DOM	# Houses Listed in 1Q
2013	672	$386/sf	$839,450	25	1,288
2014	581	$503/sf	$1,000,000	26	1,235
2015	634	$507/sf	$1,160,400	29	1,318
2016	573	$544/sf	$1,125,000	27	1,449
2017	606	$498/sf	$1,175,000	23	1,293
2018	502	$574/sf	$1,302,165	17	1,160

In 2017, we had 25 closings over the last two days of March, so if we add that same number to this year’s count plus late reporters, we should end up with around 550 sales for 1Q18 – which is incredible, given the bump in pricing AND the record-low number of houses listed.

The only year between 2007 and 2012 that didn’t have 1,400+ listings in the first quarter was 2012, which still had 1,270. We’re going to be lucky to get up to 1,200 this year.