November 2010 Statistics · HomeDex ™ Key Points ... single-family homes sold decreased 4.07...

$

North San Diego County Association of REALTORS®

North County December 2010 REPORT

November 2010 Statistics

NNoorrtthh SSaann DDiieeggoo CCoouunnttyy

HHoommeeDDeexx TTMM

HomeDex is an exclusive NSDCAR member benefit

PLEASE READ The name HomeDex™ and its contents are protected under a trademark and copyright held by the North San Diego County Association of Realtors® (NSDCAR). Permission is granted to NSDCAR members to use the HomeDex™ name and/or its contents in any printed materials, website or other media applications – provided any and all attribution for the HomeDex™ name and its contents is given to the North San Diego County Association of Realtors®. Failure to do so will result in revoking permission to use the HomeDex™ name and/or its contents Direct written requests for permission, together with a brief description of how the name and contents would be used, to Lynn Sullivan, NSDCAR Communications Director, at [email protected] and include the proposed user’s contact information. HomeDex™ is prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D., California State University, San Marcos. Questions may be directed to Dr. Brown at [email protected]; phone # (760)750-4196 or to NSDCAR Communications Director, Lynn Sullivan, at [email protected]; phone # (760) 734-3971. Data source: Sandicor, Inc. Statistics obtained from MLS data. Copyright North San Diego County Association of REALTORS®, 2010. No portion of this text may be reproduced, redistributed, faxed OR TRANSMITTED ELECTRONICALLY without the written permission of the North San Diego County Association of REALTORS®. 01/12/10

HomeDex™ Key Points November 2010 Data

1. The median price for all North County home sales – attached and detached – rose 0.65 percent in November 2010 from October 2010, to $380,000.

a. Detached homes in North County decreased 1.08 percent from $465,000 in October 2010 to

$460,000 in November 2010.

i. Detached home prices OUTSIDE North County increased 0.35 percent from 356,750 in October 2010 to 358,000 in November 2010.

ii. Year-over median single-family detached homes in North San Diego County

increased 5.44 percent, from $436,250 in November 2009 to 460,000 in November 2010..

iii. The countywide median SFD price of homes sold increased from $387,250 in

October 2010 to $390,000 in November 2010. The county has experienced 15 months of year-over price increases.

b. Attached home prices in North County rose 2.32 percent to $245,000 in November 2010

from 239,450 in October 2010, making three months of price increases.

i. Non-North County attached home prices decreased 0.96 percent to $207,000 in November 2010 from $209,000 in October 2010.

c. Median days-on-market for single-family detached homes sold in North County increased from 52 days in October 2010 to 55 days in November 2010. The number of North County single-family homes sold decreased 4.07 percent from October 2010 to November 2010.

###

North San Diego County HomeDexTM November 2010 Summary Report Single-Family Detached Homes

Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D. Department of Economics California State University, San Marcos. Inquiries may be directed to Robert Brown [email protected] or 760-750-4196; or Lynn Sullivan, NSDCAR Communications Director: [email protected] or 760-734-3976. Data source: Sandicor, Inc. Comparisons are not based on identical samples of homes sold and do not imply statistical significance.

1 of 8

Single-Family Detached Home Prices

• The median price for all homes in North San Diego County – single-family

detached and single-family attached – increased from $377,500 in October 2010 to $380,000 in November 2010.1

• The median-priced single-family detached (SFD) home in North San Diego

County decreased 1.08 percent from $465,000 in October 2010 to $460,000 in November 2010. The SFD median price in Non-North County zip codes increased 0.35 percent from $356,750 in October 2010 to $358,000 in November 2010.

• Year-over median SFD price in North San Diego County increased 5.44 percent

from $436,250 in November 2009 to $460,000 in November 2010; this makes sixteen months of year-over increases in median price, with the exception of August 2010. Year-over median price increased 2.31 percent in Non-North County zip codes from $349,900 in November 2009, making 14 straight months of year-over increases.

• The countywide median SFD price increased 0.71 percent from $387,250 in

October 2010 to $390,000 in November 2010, and increased 2.92 year-over from November 2009. The county has experienced 15 months of year-over price increases.

Median Prices North San Diego County

Single-Family Detached Homes

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Novem

ber 2

007

Janua

ry 20

08

March 2

008

May 20

08

July 2

008

Septem

ber 2

008

Novem

ber 2

008

Janua

ry 20

09

March 2

009

May 20

09

July 2

009

Septem

ber 2

009

Novem

ber 2

009

Janua

ry 20

10

March 2

010

May 20

10

July 2

010

Septem

ber 2

010

Novem

ber 2

010

North San Diego County Non-North San Diego County



2 of 8

• The median days-on-market for North San Diego County SFD homes sold

increased from 52 in October 2010 to 55 days in November 2010. The average number of days-on-market increased to 79 in November 2010 from 77 in October 2010.2

• The SFD median price-per-square foot decreased from $223 in October 2010 to

$222 in November 2010, and increased 3.92 percent year-over from November 2009, making 13 months of year-over increases in median price-per-square foot (following over two years of price declines).

North San Diego County Median Price per Square Foot Single-Family Detached Homes

$100

$150

$200

$250

$300

$350

Septem

ber 2

007

Octobe

r 200

7

Novem

ber 2

007

Decembe

r 200

7

Janua

ry 20

08

Februa

ry 20

08

March 2

008

April 2

008

May 20

08

June 2

008

July 2

008

August

2008

Septem

ber 2

008

Octobe

r 200

8

Novem

ber 2

008

Decembe

r 200

8

Janua

ry 20

09

Februa

ry 20

09

March 2

009

April 2

009

May 20

09

June 2

009

July 2

009

August

2009

Septem

ber 2

009

Octobe

r 200

9

Novem

ber 2

009

Decembe

r 200

9

Janua

ry 20

10

Februa

ry 20

10

March 2

010

April 2

010

May 20

10

June 2

010

July 2

010

August

2010

Septem

ber 2

010

Octobe

r 201

0

Novem

ber 2

010



3 of 8

• There were 4,596 (active and contingent) SFD listings in North San Diego County

ending October 2010 and 4,362 in November 2010, a decrease of 5.09 percent – the third month of declines in listings.

• There were 9,964 (active and contingent) listings in San Diego County ending October 2010 and 9,537 in November 2010, a 4.29 percent decrease.

• The number of sold North San Diego County SFD units decreased 4.07 percent

from October 2010 to November 2010, and fell 6.8 percent year-over from November 2009.

• Total sales volume decreased 2.44 percent year-over from November 2009.

Number of Single-Family Detached Homes Sold by Price Range

0

50

100

150

200

250

<$300K $300-$400K

$400-$500

$500-$600K

$600-$700K

$700-$800K

$800-$900K

$900-$1M

$1M-$1.1M

$1.1M-$1.2M

$1.2M-$1.3M

$1.3M-$1.4M

$1.4M-$1.5M

over$1.5M

November 2010 November 2009 November 2008 November 2007



4 of 8

Housing Affordability – Single-Family Detached Homes

• The monthly payment – including principal, interest, property taxes, and insurance

– for the median-priced SFD home in North San Diego County decreased from $2,462 in October 2010 (based on a conventional mortgage) to $2,387 in November 2010. The monthly payment for the median-priced SFD home in Non-North San Diego County decreased to $1,858 in November 2010 from $1,889 in October 2010.

• The percent of San Diego County households that could afford the median-priced

SFD home in North County increased to 29 percent in November 2010 from 27 percent in October 2010, according to the North San Diego County HomeDexTM. Across Non-North County zip codes, the affordability percentage increased from 39 percent in October 2010 to 40 percent in November 2010.3 The HomeDexTM affordability percentage was 28 percent in North County and 38 percent in Non-North San Diego County zip codes in November 2009.

• The HomeDexTM affordability percentage for all homes in North San Diego

County – single-family detached and single-family attached together – remained at 37 percent in November 2010.

Home Affordability PercentageSingle-Family Detached Homes

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Novem

ber 2

008

Decembe

r 200

8

Janua

ry 20

09

Februa

ry 20

09

March 2

009

April 2

009

May 20

09

June 2

009

July 2

009

August

2009

Septem

ber 2

009

Octobe

r 200

9

Novem

ber 2

009

Decembe

r 200

9

Janua

ry 20

10

Februa

ry 20

10

March 2

010

April 2

010

May 20

10

June 2

010

July 2

010

August

2010

Septem

ber 2

010

Octobe

r 201

0

Novem

ber 2

010

North San Diego County Non-North San Diego County



5 of 8

Single-Family Detached Home Prices and Affordability by North County Zip Codes4

North San Diego CountySingle-Family Detached Homes

November 2010Median Prices by Zip Codes

$2,2

75,0

00

$1,8

25,0

00

$1,5

10,0

00

$1,0

60,0

00

$987

,500

$934

,500

$730

,000

$710

,000

$699

,000

$685

,950

$600

,000

$578

,000

$572

,000

$550

,000

$505

,000

$490

,500

$487

,500

$484

,000

$412

,250

$350

,000

$340

,000

$337

,500

$331

,250

$330

,000

$324

,250

$322

,450

$319

,500

$299

,900

$285

,750

$280

,750

$276

,500

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

$2,200,000

$2,400,000

$2,600,000

9206

7 - RANCHO SANTA FE

9209

1 - RANCHO SANTA FE

9201

4 - D

EL MAR

9207

5 - SOLANA BEACH

9200

3 - BONSALL

9213

0 - CARMEL VALLEY

9200

9 - CARLSBAD

9202

4 - ENCIN

ITAS

9201

1 - CARLSBAD

9212

7 - RANCHO BERNARDO

9200

8 - CARLSBAD

9200

7 - CARDIFF BY THE SEA

9212

9 - RANCHO PENASQUITOS

9201

0 - CARLSBAD

9206

4 - POWAY

9212

8 - RANCHO BERNARDO

9202

9 - ESCONDID

O

9207

8 - SAN M

ARCOS

9208

4 - V

ISTA

9208

1 - V

ISTA

9208

2 - VALLEY CENTER

9205

4 - O

CEANSIDE

9205

6 - O

CEANSIDE

9206

9 - SAN M

ARCOS

9206

5 - RAMONA

9205

7 - O

CEANSIDE

9202

8 - FA

LLBROOK

9202

5 - ESCONDID

O

9202

6 - ESCONDID

O

9208

3 - V

ISTA

9202

7 - ESCONDID

O

North San Diego County Housing Affordability Percentages by Zip Code

Single-Family Detached HomesNovember 2010

2% 3% 3% 6% 7% 8% 11%

12%

13%

13% 19

%

20%

21%

22% 25

%

26%

26%

26%

34%

41% 43%

43%

44%

44%

45%

46%

46% 49

% 51%

52%

53%

0%

10%

20%

30%

40%

50%

60%

9206

7 - RANCHO SANTA

FE

9209

1 - RANCHO SANTA FE

9201

4 - D

EL MAR

9207

5 - SOLANA BEACH

9200

3 - BONSALL

9213

0 - CARMEL VALLEY

9200

9 - CARLSBAD

9202

4 - ENCIN

ITAS

9201

1 - CARLSBAD

9212

7 - RANCHO BERNARDO

9200

8 - CARLSBAD

9200

7 - CARDIFF BY THE SEA

9212

9 - RANCHO PENASQUITOS

9201

0 - CARLSBAD

9206

4 - POWAY

9212

8 - RANCHO BERNARDO

9202

9 - ESCONDID

O

9207

8 - SAN M

ARCOS

9208

4 - V

ISTA

9208

1 - V

ISTA

9208

2 - VALLEY CENTER

9205

4 - O

CEANSIDE

9205

6 - O

CEANSIDE

9206

9 - SAN M

ARCOS

9206

5 - RAMONA

9205

7 - O

CEANSIDE

9202

8 - FA

LLBROOK

9202

5 - ESCONDID

O

9202

6 - ESCONDID

O

9208

3 - V

ISTA

9202

7 - ESCONDID

O



6 of 8

Median Home Prices

HomeDexTM (Percent of San Diego County households

affording median-priced home)

Month/Year North San

Diego County Non-North

San Diego County North San Diego

County Non-North

San Diego County November 2009 $436,250 $349,900 28% 38% December 2009 $436,000 $353,000 28% 37% January 2010 $420,000 $337,000 30% 40% February 2010 $439,000 $348,500 28% 38% March 2010 $469,000 $351,500 25% 38% April 2010 $474,500 $350,000 22% 35% May 2010 $476,500 $350,000 25% 38% June 2010 $479,975 $369,000 24% 36% July 2010 $475,000 $353,100 25% 39%

August 2010 $460,000 $350,000 26% 39% September 2010 $475,900 $350,000 26% 40%

October 2010 $465,000 $356,750 27% 39% November 2010 $460,000 $358,000 29% 40%

North San Diego County Housing Characteristics Single-Family Detached Homes

November 2010 Median Price $460,000 Average Price $588,818

Median Price per Square Foot $222 Lowest-Priced Home Sold $118,250 Highest-Priced Home Sold $8,000,000

Number Units Sold 589

Total Sales5 $346,814,023 Median Days on Market 55

Median Square Feet 2,070

Median Number of Bedrooms 4 Median Number of Baths 3 Median Lot Size (sq. feet) 9,553

Median Age (years) of Homes Sold 23



7 of 8

North San Diego County Zip Codes

Nov. 2010

Afford-ability

Nov. 2009

Afford-ability

Nov. 2010 Median

Price

% Price Chg. From Nov. 2009

Nov. 2010 Sold

Listings

Median Days on Market

Nov. 2010

Med. Days on Market

% Chg. from Oct.

2010 92003 - BONSALL 7% 26% $987,500 121% 2 174 134% 92007 - CARDIFF 20% 9% $578,000 -25% 1 50 -17% 92008 - CARLSBAD 19% 12% $600,000 -10% 13 57 -5% 92009 - CARLSBAD 11% 10% $730,000 5% 31 82 69% 92010 - CARLSBAD 22% 19% $550,000 0% 15 34 -23% 92011 - CARLSBAD 13% 9% $699,000 -8% 12 49 -57% 92014 - DEL MAR 3% 6% $1,510,000 56% 7 40 -51% 92024 - ENCINITAS 12% 8% $710,000 -18% 23 66 15% 92025 - ESCONDIDO 49% 37% $299,900 -16% 19 107 128% 92026 - ESCONDIDO 51% 40% $285,750 -15% 28 47 -48% 92027 - ESCONDIDO 53% 49% $276,500 -1% 22 38 4% 92028 - FALLBROOK 46% 34% $319,500 -16% 31 83 41% 92029 - ESCONDIDO 26% 16% $487,500 -19% 6 89 134% 92054 - OCEANSIDE 43% 42% $337,500 5% 15 77 48% 92056 - OCEANSIDE 44% 40% $331,250 -1% 32 40 -22% 92057 - OCEANSIDE 46% 37% $322,450 -8% 34 34 -3% 92058 - OCEANSIDE 52% - $281,500 - 8 132 - 92059 - PALA - 17% - - 0 - - 92061 - PAUMA VALLEY - - - - 0 - - 92064 - POWAY 25% 17% $505,000 -14% 23 67 23% 92065 - RAMONA 45% 36% $324,250 -10% 30 35 -30% 92067 - RANCHO SANTA FE 2% 2% $2,275,000 14% 9 166 110% 92068 - SAN LUIS REY - - - - 0 - - 92069 - SAN MARCOS 44% 34% $330,000 -13% 15 36 -41% 92075 - SOLANA BEACH 6% 7% $1,060,000 17% 8 81 16% 92078 - SAN MARCOS 26% 28% $484,000 13% 31 40 -33% 92081 - VISTA 41% 33% $350,000 -10% 12 28 -27% 92082 - VALLEY CENTER 43% 36% $340,000 -6% 11 103 178% 92083 - VISTA 52% 57% $280,750 21% 18 62 -42% 92084 - VISTA 34% 36% $412,250 15% 24 51 36% 92091 - RANCHO SANTA FE 3% 2% $1,825,000 -9% 3 119 59% 92127 - RANCHO BERNARDO 13% 13% $685,950 6% 26 52 4% 92128 - RANCHO BERNARDO 26% 19% $490,500 -11% 24 50 -30% 92129 - RANCHO PENASQUITOS 21% 18% $572,000 0% 33 44 42% 92130 - CARMEL VALLEY 8% 8% $934,500 13% 31 54 11%

"Foreclosures" refers to the number of unique addresses in some stage of foreclosure in



8 of 8

1 The median is the middle-priced home sold: Half the homes sold for more than the median, and half sold for less. 2 The reported days-on-market is defined as the time between the listing and sale of a property. In the event that a property is re-listed then days-on-market is calculated from the new list date to sale date; therefore, the occurrence of re-listing biases downward the reported days-on-market. 3 HomeDexTM affordability percentages assume homeowners place 20 percent down and spend no more than a third of their income on housing, which in North County during November 2010 required an annual income of $94,484 for the median-priced SFD home – an amount earned by 29 percent of San Diego County households. 4 Monthly median prices and HomeDexTM household affordability percentages reported for some zip codes were calculated from small numbers of sold listings; reported numbers may be sensitive to price variations and do not imply statistical significance. 5 Total SFD sales in North County were $365,632,136 in October 2010 and $355,470,037 in November 2009.

North San Diego County HomeDexTM November 2010 Summary Report

Single-Family Attached Homes

Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D. Department of Economics California State University, San Marcos. Inquiries may be directed to Robert Brown [email protected]; 760-750-4196 or Lynn Sullivan, NSDCAR Communications Director: [email protected] or 760-734-3976. Data source: Sandicor, Inc. Comparisons are not based on identical samples of homes sold and do not imply statistical significance.

1 of 7

Single-Family Attached Home Prices

• The North San Diego County median-priced single-family attached (SFA) home increased 2.32 percent to $245,000 in November 2010 from $239,450 in October 2010, making three months of price increases. Non-North San Diego County SFA home median price fell 0.96 percent to $207,000 in November 2010 from $209,000 in October 2010.1

• North San Diego County SFA median prices declined 2.97 percent year-over from

$252,500 in November 2009. The Non-North County SFA median price declined 1.43 percent year-over from November 2009.

• The county-wide SFA home median price increased 0.46 percent from $217,000

in October 2010 to $218,000 in November 2010, and increased 1.4 percent year-over from $215,000 in November 2009.

• The median number of days-on-market for North County SFA homes sold

decreased from 61 days in October 2010 to 57 days in November 2010. The average number of days-on-market fell from 87 in October 2010 to 84 in November 2010.2

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

$280,000

$300,000

Novem

ber 2

008

Decembe

r 200

8

Janua

ry 20

09

Februa

ry 20

09

March 2

009

April 2

009

May 20

09

June 2

009

July 2

009

August

2009

Septem

ber 2

009

Octobe

r 200

9

Novem

ber 2

009

Decembe

r 200

9

Janua

ry 20

10

Februa

ry 20

10

March 2

010

April 2

010

May 20

10

June 2

010

July 2

010

August

2010

Septem

ber 2

010

Octobe

r 201

0

Novem

ber 2

010

Median Prices North San Diego County

Single-Family Attached Homes North San Diego County Non-North San Diego County




2 of 7

• The number of sold SFA units decreased 12.77 percent from October 2010 to November 2010. In Non-North County zip codes the number of sold units decreased 2.92 percent from last month, the fifth monthly decline in sales.

• Year-over sales decreased 17.59 percent year-over from November 2009 in North County (the fifth month of year-over sales declines), and decreased 15.15 percent year-over from November 2009 in Non-North County.

• SFA listings (active and contingent) in North San Diego County decreased to

1,627 ending November 2010 from 1,683 ending October 2010. San Diego County SFA listings (active and contingent) decreased from 5,379 at the end of October 2010 to 5,252 in November 2010.




3 of 7

Housing Affordability – Single-Family Attached Homes

• The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFA home in North County increased from $1,268 in October 2010 to $1,271 in November 2010. The monthly payment for the median-priced SFA home in Non-North San Diego County zip codes declined from $1,107 in October 2010 to $1,074 in November 2010.

• The percent of San Diego County households able to afford the median-priced

SFA home remained at 58 percent in November 2010 for the fourth straight month.3 The single-family attached home affordability level for Non-North San Diego County zip codes rose to 66 percent in November 2010 from 64 percent in October 2010.

• 52 percent of county households could afford the median-priced SFA home in

North San Diego County in November 2009, compared to 62 percent in Non-North County zip codes.




4 of 7

Single-Family Attached Home Prices and Affordability by North County Zip Codes4




5 of 7

SFA Median Home Prices HomeDex Single-Family Attached Homes Month/Year

North San Diego County

Non-North San Diego County

North San Diego County

Non-North San Diego County

November 2009 $252,500 $210,000 52% 62% December 2009 $238,750 $200,000 56% 65% January 2010 $225,000 $200,000 59% 65%

February 2010 $240,000 $205,750 56% 63% March 2010 $245,000 $220,000 55% 60% April 2010 $241,250 $215,500 56% 61% May 2010 $270,000 $230,000 51% 57% June 2010 $270,000 $205,000 51% 64% July 2010 $246,175 $200,000 56% 66%

August 2010 $232,500 $210,000 58% 63% September 2010 $237,300 $200,000 58% 66%

October 2010 $239,450 $209,000 58% 64% November 2010 $245,000 $207,000 58% 66%

North San Diego County Housing Characteristics Single-Family Attached Homes

November 2010 Median Price $245,000 Average Price $274,163

Median Price per Square Foot $210 Lowest-Priced Home Sold $65,000 Highest-Priced Home Sold $975,000

Number Units Sold 239

Total Sales5 $65,524,875 Median Days on Market 57

Median Square Feet 1,149

Median Number of Bedrooms 2 Median Number of Baths 2

Median Age (years) of Homes Sold 24




6 of 7


Nov. 2010

Afford-ability6

Nov. 2009

Afford-ability

Nov. 2010 Median

Price

% Price Chg. From Nov. 2009

Nov. 2010 Sold

Listings

Median Days on Market

Nov. 2010

Median Days on

Market % Chg. from Oct. 2010

92003 - BONSALL - 72% - - 0 - - 92007 - CARDIFF 17% 18% $622,000 11% 2 171 144% 92008 - CARLSBAD 33% - $421,900 - 12 102 -3% 92009 - CARLSBAD 50% 40% $295,000 -12% 20 69 4% 92010 - CARLSBAD 53% 56% $275,000 17% 5 66 43% 92011 - CARLSBAD 31% 35% $440,000 17% 3 73 135% 92014 - DEL MAR 34% 39% $409,950 21% 2 42 -75% 92024 - ENCINITAS 33% 39% $418,500 23% 12 69 130% 92025 - ESCONDIDO 75% 75% $165,000 10% 5 103 61% 92026 - ESCONDIDO 85% 80% $109,900 -13% 5 41 -7% 92027 - ESCONDIDO 84% 89% $115,500 44% 6 56 -15% 92028 - FALLBROOK 67% 90% $202,900 174% 5 75 -48% 92029 - ESCONDIDO - 72% - - 0 - - 92054 - OCEANSIDE 48% 59% $307,500 39% 10 18 -69% 92056 - OCEANSIDE 59% 62% $237,900 14% 11 53 56% 92057 - OCEANSIDE 79% 76% $142,500 -2% 22 37 -6% 92058 - OCEANSIDE 77% - $155,000 - 11 65 - 92059 - PALA - 36% - - 0 - - 92061 - PAUMA VALLEY - - - - 0 - - 92064 - POWAY 63% 56% $221,000 -6% 2 14 -88% 92065 - RAMONA 76% 76% $159,500 8% 3 111 82% 92067 - RANCHO SANTA FE 12% 9% $714,000 -11% 1 237 - 92068 - SAN LUIS REY - - - - 0 - - 92069 - SAN MARCOS 78% 76% $150,000 1% 5 23 -70% 92075 - SOLANA BEACH 50% 13% $294,000 -55% 3 134 6% 92078 - SAN MARCOS 54% 46% $272,000 -9% 15 113 163% 92081 - VISTA 73% 51% $174,900 -34% 3 48 12% 92082 - VALLEY CENTER - - - - 0 - - 92083 - VISTA 75% 77% $167,000 19% 6 36 -24% 92084 - VISTA 75% 75% $162,500 8% 2 14 -90% 92091 - RANCHO SANTA FE 19% 17% $600,800 2% 2 169 172% 92127 - RANCHO BERNARDO 61% 37% $230,500 -35% 14 87 8% 92128 - RANCHO BERNARDO 56% 53% $258,500 0% 30 66 -6% 92129 - RANCHO PENASQUITOS 70% 55% $190,000 -19% 19 32 -41% 92130 - CARMEL VALLEY 40% 28% $360,250 -15% 14 65 -35%




7 of 7

1 The median is the middle-priced home sold: Half the homes sold for more than the median, and half sold for less. 2 The reported days-on-market number is defined as the time between the listing and sale of a property. In the event that a property is re-listed then days-on-market is calculated from the new list date to sale date; the occurrence of re-listing biases downward the reported days-on-market. 3 HomeDexTM affordability percentages assume homeowners place 20 percent down and spend no more than a third of their income on housing, which in North County during November 2010 required an annual income of $50,855 for the median-priced SFA home – an amount earned by 58 percent of San Diego County households. 4 Monthly median prices and HomeDexTM numbers reported for some zip codes were calculated from small numbers of sold listings; reported numbers may be sensitive to price variations and do not imply statistical significance. 5 October 2010 total SFA sales were $73,495,005 and in November 2009 were $80,270,403 for North San Diego County. 6 See footnote 3.

North San Diego County HomeDexTM Foreclosure Activity Report – Ending November 2010

Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D. Department of Economics California State University, San Marcos. Direct inquiries to Robert Brown [email protected] or 760-750-4196; or Lynn Sullivan, NSDCAR Communications Director: [email protected] or 760-734-3976.


Number of Pre-Foreclosure

Properties1 ending November 2010

% Chg. from Pre-Foreclosures ending October

2010

Number of Bank-Owned ending

November 2010

% Chg. from Bank-Owned

ending October 2010

92003 - BONSALL 20 -4.76% 33 -2.94% 92007 - CARDIFF 15 0.00% 9 12.50% 92008 - CARLSBAD 48 -15.79% 41 -4.65% 92009 - CARLSBAD 111 -5.13% 105 0.00% 92010 - CARLSBAD 37 5.71% 48 -5.88% 92011 - CARLSBAD 30 -11.76% 24 9.09% 92014 - DEL MAR 17 13.33% 15 -16.67% 92024 - ENCINITAS 85 0.00% 55 0.00% 92025 - ESCONDIDO 91 -4.21% 107 -1.83% 92026 - ESCONDIDO 166 0.61% 133 3.91% 92027 - ESCONDIDO 178 10.56% 123 -1.60% 92028 - FALLBROOK 140 -10.83% 158 -3.07% 92029 - ESCONDIDO 69 0.00% 37 -2.63% 92054 - OCEANSIDE 100 -5.66% 65 -2.99% 92056 - OCEANSIDE 168 2.44% 174 1.75% 92057 - OCEANSIDE 199 -8.72% 120 0.84% 92059 - PALA 2 100.00% 9 0.00% 92061 - PAUMA VALLEY 5 25.00% 17 6.25% 92064 - POWAY 96 -5.88% 78 4.00% 92065 - RAMONA 116 -9.38% 152 2.01% 92067 - RANCHO SANTA FE 17 -15.00% 22 0.00% 92068 - SAN LUIS REY 0 - 0 - 92069 - SAN MARCOS 111 -8.26% 127 -1.55% 92075 - SOLANA BEACH 17 -15.00% 24 4.35% 92078 - SAN MARCOS 154 -3.14% 77 -1.28% 92081 - VISTA 62 1.64% 40 -2.44% 92082 - VALLEY CENTER 70 -13.58% 94 3.30% 92083 - VISTA 88 -5.38% 98 -4.85% 92084 - VISTA 123 5.13% 103 9.57% 92091 - RANCHO SANTA FE 7 0.00% 4 0.00% 92127 - RANCHO BERNARDO 94 -6.00% 98 -8.41% 92128 - RANCHO BERNARDO 104 2.97% 75 1.35% 92129 - RANCHO PENASQUITOS 101 -5.61% 47 -2.08% 92130 - CARMEL VALLEY 61 -15.28% 54 0.00% TOTALS 2,702 -3.77% 2,366 -0.29%

North San Diego County HomeDexTM Foreclosure Activity Report – Ending November 2010

Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D. Department of Economics California State University, San Marcos. Direct inquiries to Robert Brown [email protected] or 760-750-4196; or Lynn Sullivan, NSDCAR Communications Director: [email protected] or 760-734-3976.

0

2,000

4,000

6,000

8,000

10,000

12,000

Mar

-09

Apr

-09

May

-09

Jun-

09

Jul-0

9

Aug

-09

Sep-

09

Oct

-09

Nov

-09

Dec

-09

Jan-

10

Feb-

10

Mar

-10

Apr

-10

May

-10

Jun-

10

Jul-1

0

Aug

-10

Sep-

10

Oct

-10

Nov

-10

Dec

-10

North San Diego County Distressed Properties

Pre-Foreclosures Auctioned

Bank Owned TOTAL

"Foreclosures" refers to the number of unique addresses in some stage of foreclosure n 1 Active “pre-foreclosure” include properties classified as “Lis Pendens” (i.e., a public notice has been served that a loan is delinquent and the lending institution has initiated the foreclosure process) and “Final Judgment” (i.e., the court has authorized the lender to proceed with the auction of the property); data reported from First American RES database of properties obtained from county assessment records. All numbers shown are reported for a particular point in time, as these databases are frequently updated. NSDCAR does not guarantee accuracy of data.

Carsbad Service Center 6183 Paseo Del Norte, Ste. 150

Carlsbad, CA 92009 Phone: (760) 929-2100 Fax: (760) 929-2115

Carmel Valley Service Center 12707 High Bluff Drive, Suite 125

San Diego, CA 92130 Phone: (858) 350-1600 Fax: (858) 350-0380

Fallbrook Service Center 126 West Beech

Fallbrook, CA 92028 Phone: (760) 728-5811 Fax: (760) 728-0646

Escondido Service Center 1802 S. Escondido Blvd., Suite E

Escondido, CA 92025 Phone: (760) 745-2299 Fax: (760) 745-3842

“Increasing the Success and Profitability of Those We Serve”

Vista Administrative Offices & Service Center

906 Sycamore Ave., Suite 104 Vista, CA 92081

Phone: (760) 734-3971 Fax: (760) 734-3976

November 2010 Statistics · HomeDex ™ Key Points ... single-family homes sold decreased 4.07...

Documents

Transcript of November 2010 Statistics · HomeDex ™ Key Points ... single-family homes sold decreased 4.07...