homedex june 2013 sfd summary 7-9-13 · the homedex affordability percentage for all homes in north...
TRANSCRIPT
$
North San Diego County Association of REALTORS®
North County July 2013 REPORT
June 2013 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®, 2012. 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®.
02/01/12
HomeDex™ Key Points June 2013 Data
1. The median price for all North County home sales – attached and detached – increased to $495,000 in June 2013 compared to $485,000 in May 2013.
a. Detached homes in North County increased 1.71 percent in June 2013 to $565,000 compared
to $555,500 in May 2013. Year-over median price for SFD in North San Diego County jumped 20.21 percent, from $470,000 in June 2012, continuing an 11-month trend of year-over median price increases (the last four months exceeding 20 percent).
i. Detached home prices OUTSIDE North County increased 2.32 percent to $429,750
in June 2013 compared to $420,000 in May 2013. Year-over non-North County median price jumped 23.49 percent compared to $348,000 in June 2012, making a 15-month trend of year-over median price increases.
b. Attached home prices in North County increased 5.86 percent to $333,450 in June 2013 compared to $315,000 in May 2013. Year-over North San Diego County median price increased 28.75 percent, compared to $259,000 in June 2012.
i. Non-North County attached home prices decreased 1.31 percent to $301,000 in June
2013 compared to $305,000 in May 2013. Year-over countywide SFA median price increased 33.19 percent, compared to June 2012.
c. The number of North San Diego SFD listings (active and contingent) rose 5.97 percent from May 2013 to June 2013, but decreased 26.1 percent year-over compared to June 2012 – continuing a 22-month trend of year-over declines in listings.
The number of sold North San Diego County SFD units decreased 5.76 percent in June 2013 compared to May 2013. Year-over sold SFD units decreased 0.88 percent compared to June 2012.
i. Median days-on-market for single-family detached homes sold in North County
increased to 19 days in June 2013 compared to 18 days in May 2013.
d. The HomeDex affordability percentage for all homes in North San Diego County – attached and detached – remained at 34 percent in June 2013.
###
North San Diego County HomeDexTM June 2013 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 9
Single-Family Detached Home Prices
The median price for all homes in North San Diego County – single-familydetached and single-family attached – increased to $495,000 in June 2013 from$485,000 in May 2013.1
The median-priced single-family detached (SFD) home in North San Diego County increased 1.71 percent, from $555,500 in May 2013 to $565,000 in June 2013. June 2013 was the highest SFD median prices in North County since January 2008. Year-over median SFD price in North San Diego County increased 20.21 percent, from $470,000 in June 2012 – the eleventh month of year-over median price increases (the last four months exceeding 20 percent).
The SFD median price in non-North County Zip Codes increased 2.32 percent, to$429,750 in June 2013 from $420,000 in May 2013. Year-over non-NorthCounty median price increased 23.49 percent, from $348,000 in June 2012 – thisis a fifteenth month trend of year-over median price increases.
The median SFD price in San Diego County increased 3.64 percent, to $485,000in June 2013 from $467,950 in May 2013. Year-over county-level SFD medianprice jumped 24.36 from June 2012 -- the thirteenth month that year-over medianprice has increased.
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
Marc
h 200
7
May
2007
July
2007
Septem
ber 2
007
Novem
ber 2
007
Janu
ary 20
08
Marc
h 200
8
May
2008
July
2008
Septem
ber 2
008
Novem
ber 2
008
Janu
ary 20
09
Marc
h 200
9
May
2009
July
2009
Septem
ber 2
009
Novem
ber 2
009
Janu
ary 20
10
Marc
h 201
0
May
2010
July
2010
Septem
ber 2
010
Novem
ber 2
010
Janu
ary 20
11
Marc
h 201
1
May
2011
July
2011
Septem
ber 2
011
Novem
ber 2
011
Janu
ary 20
12
Marc
h 201
2
May
2012
July
2012
Septem
ber 2
012
Novem
ber 2
012
Janu
ary 20
13
Marc
h 201
3
May
2013
North San Diego County Non-North San Diego County
North San Diego County HomeDexTM June 2013 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.
2 of 9
The median days-on-market for North San Diego County SFD homes soldincreased from 18 days in May 2013 to 19 days in June 2013.2
The SFD median price-per-square foot jumped from $252 in May 2013 to $261 inJune 2013 – the highest price in over five years -- and a 23.41 percent increaseyear-over from June 2012.
North San Diego County Median Price per Square Foot Single-Family Detached Homes
$100
$120
$140
$160
$180
$200
$220
$240
$260
$280
$300
Novem
ber 2
007
Decem
ber 2
007
Janu
ary 20
08
Febru
ary 20
08
Marc
h 200
8
April
2008
May
2008
June
2008
July
2008
Augus
t 200
8
Septem
ber 2
008
Octobe
r 200
8
Novem
ber 2
008
Decem
ber 2
008
Janu
ary 20
09
Febru
ary 20
09
Marc
h 200
9
April
2009
May
2009
June
2009
July
2009
Augus
t 200
9
Septem
ber 2
009
Octobe
r 200
9
Novem
ber 2
009
Decem
ber 2
009
Janu
ary 20
10
Febru
ary 20
10
Marc
h 201
0
April
2010
May
2010
June
2010
July
2010
Augus
t 201
0
Septem
ber 2
010
Octobe
r 201
0
Novem
ber 2
010
Decem
ber 2
010
Janu
ary 20
11
Febru
ary 20
11
Marc
h 201
1
April
2011
May
2011
June
2011
July
2011
Augus
t 201
1
Septem
ber 2
011
Octobe
r 201
1
Novem
ber 2
011
Decem
ber 2
011
Janu
ary 20
12
Febru
ary 20
12
Marc
h 201
2
April
2012
May
2012
June
2012
July
2012
Augus
t 201
2
Septem
ber 2
012
Octobe
r 201
2
Novem
ber 2
012
Decem
ber 2
012
Janu
ary 20
13
Febru
ary 20
13
Marc
h 201
3
April
2013
May
2013
June
2013
North San Diego County HomeDexTM June 2013 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.
3 of 9
The number of sold SFD units in North San Diego County decreased 5.76 percentfrom May 2013 to June 2013. Year-over sold SFD units decreased 0.88 percentcompared to June 2012.
SFD total sales volume increased 19.45 percent year-over from June 2012, thefifteenth month of year-over increases.
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
June 2013 June 2011 June 2011 June 2010 June 2009 June 2008 June 2007
North San Diego County Single-Family Detached HomesTotal Sales Volume
$0
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000
$800,000,000
Decem
ber 2
009
Janu
ary 2
010
Febru
ary 20
10
Marc
h 201
0
April
2010
May
2010
June
2010
July
2010
Augus
t 201
0
Septem
ber 2
010
Octobe
r 201
0
Novem
ber 2
010
Decem
ber 2
010
Janu
ary 2
011
Febru
ary 20
11
Marc
h 201
1
April
2011
May
2011
June
2011
July
2011
Augus
t 201
1
Septem
ber 2
011
Octobe
r 201
1
Novem
ber 2
011
Decem
ber 2
011
Janu
ary 2
012
Febru
ary 20
12
Marc
h 201
2
April
2012
May
2012
June
2012
July
2012
Augus
t 201
2
Septem
ber 2
012
Octobe
r 201
2
Novem
ber 2
012
Decem
ber 2
012
Janu
ary 2
013
Febru
ary 20
13
Marc
h 201
3
April
2013
May
2013
June
2013
North San Diego County HomeDexTM June 2013 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.
4 of 9
SFD listings (active and contingent) in North San Diego County increased 5.97percent from May 2013 to June 2013, but were down 26.1 percent year-overcompared to June 2012 – continuing a 22-month trend of year-over declines inlistings.
SFD listings (active and contingent) in San Diego County increased 8.26 percentfrom May 2013 to June 2013, and decreased 26.77 percent year-over from June2012.
North San Diego County Single-Family Detached Active Listings
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
End
ing
May
200
6E
ndin
g Ju
ne 2
006
End
ing
July
200
6E
ndin
g A
ug 2
006
End
ing
Sep
2006
End
ing
Oct
200
6E
ndin
g N
ov 2
006
End
ing
Dec
200
6E
ndin
g Ja
n 20
07E
ndin
g Fe
b 20
07E
ndin
g M
arch
200
7E
ndin
g A
pril
2007
End
ing
May
200
7E
ndin
g Ju
ne 2
007
End
ing
July
200
7E
ndin
g A
ug 2
007
End
ing
Sep
2007
End
ing
Oct
200
7E
ndin
g N
ov 2
007
End
ing
Dec
200
7E
ndin
g Ja
n 20
08E
ndin
g Fe
b 20
08E
ndin
g M
arch
200
8E
ndin
g A
pril
2008
End
ing
May
200
8E
ndin
g Ju
ne 2
008
End
ing
July
200
8E
ndin
g A
ug 2
008
End
ing
Sepr
200
8E
ndin
g O
ct 2
008
End
ing
Nov
200
8E
ndin
g D
ec 2
008
End
ing
Jan
2009
End
ing
Feb
2009
End
ing
Mar
ch 2
009
End
ing
Apr
il 20
09E
ndin
g M
ay 2
009
End
ing
June
200
9E
ndin
g Ju
ly 2
009
End
ing
Aug
ust 2
009
End
ing
Sept
embe
r 20
09E
ndin
g O
ctob
er 2
009
End
ing
Nov
embe
r 20
09E
ndin
g D
ecem
ber
2009
End
ing
Jan
2010
End
ing
Feb
2010
End
ing
Mar
ch 2
010
End
ing
Apr
il 20
10E
ndin
g M
ay 2
010
End
ing
June
201
0E
ndin
g Ju
ly 2
010
End
ing
Aug
ust 2
010
End
ing
Sept
embe
r 20
10E
ndin
g O
ctob
er 2
010
End
ing
Nov
embe
r 20
10E
ndin
g D
ecem
ber
2010
End
ing
Jan
2011
End
ing
Feb
2011
End
ing
Mar
ch 2
011
End
ing
Apr
il 20
11E
ndin
g M
ay 2
011
End
ing
June
201
1E
ndin
g Ju
ly 2
011
End
ing
Aug
ust 2
011
End
ing
Sept
embe
r 20
11E
ndin
g O
ctob
er 2
011
End
ing
Nov
embe
r 20
11E
ndin
g D
ecem
ber
2011
End
ing
Jan
2012
End
ing
Feb
2012
End
ing
Mar
ch 2
012
End
ing
Apr
il 20
12E
ndin
g M
ay 2
012
End
ing
June
201
2E
ndin
g Ju
ly 2
012
End
ing
Aug
ust 2
012
End
ing
Sept
embe
r 20
12E
ndin
g O
ctob
er 2
012
End
ing
Nov
embe
r 20
12E
ndin
g D
ecem
ber
2012
End
ing
Jan
2013
End
ing
Feb
2013
End
ing
Mar
ch 2
013
End
ing
Apr
il 20
13E
ndin
g M
ay 2
013
End
ing
June
201
3
North San Diego County HomeDexTM June 2013 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.
5 of 9
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 increased from$2,647 in May 2013 (based on a conventional mortgage), to $2,649 in June 2013.The monthly payment for the median-priced SFD home in non-North San DiegoCounty increased from $2,001 in May 2013, to $2,015 in June 2013.
The percent of San Diego County households that could afford the median-pricedSFD home in North County remained at 28 percent in June 2013, according to theNorth San Diego County HomeDexTM, and the affordability percentage in non-North County Zip Codes remained at 41 percent in June 2013.3
In June 2012, the affordability percentage was 33 percent in North San DiegoCounty and 47 percent in non-North San Diego County.
The HomeDexTM affordability percentage for all homes in North San DiegoCounty – single-family detached and single-family attached together – remained34 percent in June 2013.
Home Affordability PercentageSingle-Family Detached Homes
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
June
2010
July
2010
Augus
t 201
0
Septem
ber 2
010
Octobe
r 201
0
Novem
ber 2
010
Decem
ber 2
010
Janu
ary 20
11
Febru
ary 20
11
Marc
h 201
1
April
2011
May
2011
June
2011
July
2011
Augus
t 201
1
Septem
ber 2
011
Octobe
r 201
1
Novem
ber 2
011
Decem
ber 2
011
Janu
ary 20
12
Febru
ary 20
12
Marc
h 201
2
April
2012
May
2012
June
2012
July
2012
Augus
t 201
2
Septem
ber 2
012
Octobe
r 201
2
Novem
ber 2
012
Decem
ber 2
012
Janu
ary 20
13
Febru
ary 20
13
Marc
h 201
3
April
2013
May
2013
June
2013
North San Diego County non-North San Diego County
North San Diego County HomeDexTM June 2013 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.
6 of 9
Single-Family Detached Home Prices and Affordability by North County Zip Codes4
North San Diego CountySingle-Family Detached Homes
June 2013Median Prices by Zip Codes
$2,5
41,0
38
$2,1
87,5
00
$1,7
99,0
00
$1,0
80,0
00
$1,0
37,5
00
$975
,000
$885
,000
$825
,000
$800
,000
$780
,000
$762
,000
$654
,000
$642
,500
$635
,000
$615
,000
$610
,000
$595
,000
$590
,000
$530
,000
$520
,250
$469
,000
$450
,000
$433
,000
$430
,000
$424
,000
$420
,000
$415
,000
$414
,500
$390
,000
$375
,000
$372
,500
$355
,000
$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$2,800,000$3,000,000
9209
1 - R
ANCHO SANTA
FE
9206
7 - R
ANCHO SANTA F
E
9201
4 - D
EL MAR
9207
5 - S
OLANA BEACH
9213
0 - C
ARMEL V
ALLEY
9202
4 - E
NCINIT
AS
9200
3 - B
ONSALL
9201
1 - C
ARLSBAD
9200
7 - C
ARDIFF B
Y THE S
EA
9212
7 - R
ANCHO BERNARDO
9200
9 - C
ARLSBAD
9200
8 - C
ARLSBAD
9212
9 - R
ANCHO PENASQUIT
OS
9202
9 - E
SCONDIDO
9206
4 - P
OWAY
9201
0 - C
ARLSBAD
9207
8 - S
AN MARCOS
9212
8 - R
ANCHO BERNARDO
9202
5 - E
SCONDIDO
9208
2 - V
ALLEY CENTER
9208
1 - V
ISTA
9206
9 - S
AN MARCOS
9202
8 - FA
LLBROOK
9205
4 - O
CEANSIDE
9205
6 - O
CEANSIDE
9202
6 - E
SCONDIDO
9205
7 - O
CEANSIDE
9208
4 - V
ISTA
9206
5 - R
AMONA
9202
7 - E
SCONDIDO
9208
3 - V
ISTA
9205
9 - PA
LA
North San Diego County Housing Affordability Percentages by Zip Code
Single-Family Detached HomesJune 2013
2% 3% 4%
9% 9% 10%
12%
13%
13%
14%
16%
23%
23%
24%
25%
25%
26%
27% 31
%
32% 37
% 39%
41%
41%
41%
42%
42%
42%
44%
45% 47%
48% 50
%
0%
10%
20%
30%
40%
50%
60%
9209
1 - R
ANCHO SANTA
FE
9206
7 - R
ANCHO SANTA
FE
9201
4 - D
EL MAR
9207
5 - S
OLANA BEACH
9213
0 - C
ARMEL V
ALLEY
9202
4 - E
NCINIT
AS
9200
3 - B
ONSALL
9201
1 - C
ARLSBAD
9200
7 - C
ARDIFF B
Y THE S
EA
9212
7 - R
ANCHO BERNARDO
9200
9 - C
ARLSBAD
9200
9 - C
ARLSBAD
9212
9 - R
ANCHO PENASQUIT
OS
9202
9 - E
SCONDIDO
9206
4 - P
OWAY
9201
0 - C
ARLSBAD
9207
8 - S
AN MARCOS
9212
8 - R
ANCHO BERNARDO
9202
5 - E
SCONDIDO
9208
2 - V
ALLEY CENTER
9208
1 - V
ISTA
9206
9 - S
AN MARCOS
9202
8 - FA
LLBROOK
9205
4 - O
CEANSIDE
9205
6 - O
CEANSIDE
9202
6 - E
SCONDIDO
9205
7 - O
CEANSIDE
9208
4 - V
ISTA
9206
8 - S
AN LUIS
REY
9206
5 - R
AMONA
9202
7 - E
SCONDIDO
9208
3 - V
ISTA
9205
9 - PA
LA
North San Diego County HomeDexTM June 2013 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.
7 of 9
Month/Year
Median Home Prices
HomeDexTM (Percent of San Diego County households
affording median-priced home)
North San Diego County
non-North San Diego County
North San Diego County
non-North San Diego County
June 2012 $470,000 $348,000 33% 47%July 2012 $439,250 $355,000 37% 47%
August 2012 $456,000 $359,000 36% 47%September 2012 $480,000 $365,000 34% 47%
October 2012 $477,500 $367,200 34% 46%November 2012 $484,500 $369,900 34% 47%December 2012 $489,500 $383,000 34% 46%January 2013 $465,500 $360,000 37% 49%
February 2013 $472,500 $375,000 36% 47%March 2013 $525,000 $395,500 31% 44%April 2013 $535,000 $400,000 30% 43%May 2013 $555,500 $420,000 28% 41%June 2013 $565,000 $429,750 28% 41%
North San Diego County Housing Characteristics Single-Family Detached Homes
June 2013
Median Price $565,000 Average Price $727,212
Median Price per Square Foot $261 Lowest-Priced Home Sold $129,000 Highest-Priced Home Sold $9,075,000
Number Units Sold 1,015 Total Sales $737,393,152
Median Days on Market 19
Median Square Feet 2,230 Median Number of Bedrooms 4
Median Number of Baths 3 Median Lot Size (sq. feet) 10,019
Median Age (years) of Homes Sold 25
North San Diego County HomeDexTM June 2013 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.
8 of 9
North San Diego County Zip Codes
June 2013
Afford-ability
June 2012
Afford-ability
June 2013 Median
Price
% Price Chg. from June 2012
June 2013 Sold
Listings
Median Days on Market
June 2013
Med. Days on Market
% Chg. from May
2013 92003 - BONSALL 12% 21% $885,000 39% 6 101 166% 92007 - CARDIFF 13% 14% $800,000 9% 9 80 146% 92008 - CARLSBAD 23% 17% $654,000 -5% 20 23 -30% 92009 - CARLSBAD 16% 14% $762,000 3% 55 17 31% 92010 - CARLSBAD 25% 29% $610,000 19% 12 13 56% 92011 - CARLSBAD 13% 13% $825,000 10% 17 52 271% 92014 - DEL MAR 4% 4% $1,799,000 35% 19 19 -61% 92024 - ENCINITAS 10% 14% $975,000 33% 43 13 44% 92025 - ESCONDIDO 31% 44% $530,000 42% 39 35 84% 92026 - ESCONDIDO 42% 50% $420,000 28% 56 25 20% 92027 - ESCONDIDO 47% 60% $375,000 43% 35 13 -13% 92028 - FALLBROOK 41% 45% $433,000 20% 65 25 -22% 92029 - ESCONDIDO 24% 30% $635,000 28% 17 23 -12% 92054 - OCEANSIDE 41% 52% $430,000 38% 23 15 -56% 92056 - OCEANSIDE 41% 49% $424,000 28% 40 8 -46% 92057 - OCEANSIDE 42% 50% $415,000 26% 43 12 -50% 92058 - OCEANSIDE 43% - $406,375 - 8 8 - 92059 - PALA 50% 40% $355,000 -11% 3 116 231% 92061 - PAUMA VALLEY - - - - 0 - -92064 - POWAY 25% 25% $615,000 9% 53 14 -40% 92065 - RAMONA 45% 54% $390,000 29% 49 29 -11% 92067 - RANCHO SANTA FE 3% 2% $2,187,500 -8% 28 73 24% 92068 - SAN LUIS REY 44% 40% - - 0 - -92069 - SAN MARCOS 39% 44% $450,000 21% 32 11 -19% 92075 - SOLANA BEACH 9% 6% $1,080,000 -6% 5 36 350% 92078 - SAN MARCOS 26% 30% $595,000 19% 48 14 -45% 92081 - VISTA 37% 49% $469,000 38% 27 15 20% 92082 - VALLEY CENTER 32% 38% $520,250 24% 22 30 15% 92083 - VISTA 48% 54% $372,500 23% 17 10 -29% 92084 - VISTA 42% 47% $414,500 18% 36 39 126% 92091 - RANCHO SANTA FE 2% 3% $2,541,038 28% 5 17 -62% 92127 - RANCHO BERNARDO 14% 20% $780,000 20% 49 19 52% 92128 - RANCHO BERNARDO 27% 27% $590,000 11% 58 17 -3% 92129 - RANCHO PENASQUITOS 23% 30% $642,500 28% 34 9 -28%92130 - CARMEL VALLEY 9% 10% $1,037,500 13% 50 16 7%
"Foreclosures" refers to the number of unique addresses in some stage of foreclosure in
North San Diego County HomeDexTM June 2013 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.
9 of 9
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 required an annual income of $105,971 for the median-priced SFD home – an amount earned by 28 percent of San Diego County. 4 Monthly median prices and 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.
North San Diego County HomeDexTM June 2013 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 6
Single-Family Attached Home Prices
The North San Diego County median-priced single-family attached (SFA) homeincreased 5.86 percent, from $315,000 in May 2013 to $333,450 in June 2013.Non-North San Diego County SFA home median price declined 2.65 percent, to$285,000 in June 2013 from $292,750 in May 2013.1
North San Diego County SFA median price increased 28.75 percent year-over,compared to $259,000 in June 2012, the seventh straight monthly year-over priceincreases exceeding 20 percent. Non-North County SFA median year-over priceincreased 35.71 percent, compared to $210,000 in June 2012.
San Diego County SFA home median price decreased 1.31 percent, to $301,000 inJune 2013 from $305,000 in May 2013. Year-over county median price increased33.19 percent compared to June 2012.
The median number of days-on-market for North County SFA homes solddecreased, from 18 days in May 2013 to 14 days in June 2013. The averagenumber of days-on-market decreased, to 39 days in June 2013 from 53 days in
May 2013.2
Median PricesNorth San Diego County
Single-Family Attached Homes
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
June
2010
July
2010
Augus
t 201
0
Septem
ber 2
010
Octobe
r 201
0
Novem
ber 2
010
Decem
ber 2
010
Janu
ary 2
011
Febru
ary 2
011
Marc
h 201
1
April
2011
May
2011
June
2011
July
2011
Augus
t 201
1
Septem
ber 2
011
Octobe
r 201
1
Novem
ber 2
011
Decem
ber 2
011
Janu
ary 20
12
Febru
ary 20
12
Marc
h 201
2
April
2012
May
2012
June
2012
July
2012
Augus
t 201
2
Septem
ber 2
012
Octobe
r 201
2
Novem
ber 2
012
Decem
ber 2
012
Janu
ary 2
013
Febru
ary 20
13
Marc
h 201
3
April
2013
May
2013
June
2013
North San Diego County non-North San Diego County
North San Diego County HomeDexTM June 2013 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.
2 of 6
The number of sold SFA units increased 8.76 percent in June 2103 from May2013, while the number of sold SFA units in non-North County Zip Codes fell3.97 percent in June 2013 from May 2013.
Year-over SFA sales in North San Diego County increased 10.09 percent, fromJune 2012. Non-North County year-over sold units increased 2.54, compared toJune 2012.
SFA listings (active and contingent) in North San Diego County increased 7.36percent from May 2013 to June 2013, but were down 41.28 percent year-overfrom June 2012. San Diego County SFA listings (active and contingent)increased 6.27 percent from May 2013 to June 2013, but decreased 33.56 percentyear-over compared to June 2012.
North San Diego CountySingle-Family Attached Homes Sold by Price Range
0
20
40
60
80
100
120
<$200K $200-$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
$1.5M+
June 2013 June 2012 June 2011 June 2010 June 2009 June 2008 June 2007
North San Diego County HomeDexTM June 2013 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.
3 of 6
Housing Affordability – Single-Family Attached Homes
The monthly payment – including principal, interest, property taxes, andinsurance – for the median-priced SFA home in North County increased, to$1,564 in June 2013 from $1,501 in May 2013. The monthly payment for themedian-priced SFA home in non-North San Diego County zip codes decreased, to$1,336 in June 2013 from $1,395 in May 2013.
The percent of San Diego County households able to afford the median-pricedSFA home in North County decreased, from 55 percent in May 2013 to 53percent in June 2013.3 The SFA home affordability level for non-North SanDiego County zip codes increased, to 60 percent in June 2013 from 58 percent inMay 2013.
60 percent of county households were able to afford the median-priced SFA homein North San Diego County in June 2012, and 70 percent were able to afford themedian-priced SFA home in non-North County zip codes.
Housing Affordability Percentages Single-Family Attached Homes
0%
10%
20%
30%
40%
50%
60%
70%
June 2
011
July
2011
August
2011
Septem
ber 20
11
October
2011
Novem
ber 20
11
Decem
ber 20
11
Januar
y 201
2
Febru
ary 2
012
Mar
ch 20
12
April 20
12
May
2012
June 2
012
July
2012
August
2012
Septem
ber 20
12
October
2012
Novem
ber 20
12
Decem
ber 20
12
Januar
y 201
3
Febru
ary 2
013
Mar
ch 20
13
April 20
13
May
2013
June 2
013
North San Diego County non-North San Diego County
North San Diego County HomeDexTM June 2013 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.
4 of 6
Month/Year
SFA Median Home Prices HomeDex Single-Family Attached Homes
North San Diego County
non-North San Diego County
North San Diego County
non-North San Diego County
June 2012 $259,000 $210,000 60% 70% July 2012 $265,000 $220,000 60% 75%
August 2012 $280,000 $222,000 58% 69% September 2012 $273,000 $223,500 60% 69%
October 2012 $265,000 $231,500 61% 68% November 2012 $267,500 $256,850 61% 63% December 2012 $280,000 $244,000 60% 66%January 2013 $285,000 $227,000 60% 70%
February 2013 $289,000 $224,000 59% 71% March 2013 $317,000 $265,000 55% 62% April 2013 $330,000 $265,000 53% 62% May 2013 $315,000 $292,750 55% 58% June 2013 $333,450 $285,000 53% 60%
North San Diego County Housing Characteristics Single-Family Attached Homes
June 2013
Median Price $333,450
Average Price $378,959
Median Price per Square Foot $278
Lowest-Priced Home Sold $59,550
Highest-Priced Home Sold $2,325,000
Number Units Sold 360
Total Sales $136,425,322
Median Days on Market 14
Median Square Feet 1,223
Median Number of Bedrooms 2
Median Number of Baths 2
Median Age (years) of Homes Sold 27
North San Diego County HomeDexTM June 2013 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.
5 of 6
North San Diego County Zip Codes
June 2013
Afford-ability
June 2012
Afford-ability
June 2013 Median
Price
% Price Chg. from June 2012
June 2013 Sold
Listings
Median Days on Market
June 2013
Med. Days on
Market % Chg. from May 2013
92003 - BONSALL 47% 72% $380,000 89% 2 60 -34% 92007 - CARDIFF 27% 34% $586,750 27% 4 10 25% 92008 - CARLSBAD 39% 41% $450,000 14% 15 10 -77% 92009 - CARLSBAD 49% 56% $365,000 26% 31 17 -19% 92010 - CARLSBAD 52% 52% $341,250 8% 10 13 -31% 92011 - CARLSBAD 34% 43% $501,012 34% 13 16 -36% 92014 - DEL MAR 12% 14% $887,500 19% 6 52 - 92024 - ENCINITAS 26% 51% $603,000 86% 13 28 -46% 92025 - ESCONDIDO 82% 82% $161,250 12% 6 104 180% 92026 - ESCONDIDO 71% 85% $222,500 78% 8 19 -45% 92027 - ESCONDIDO 83% 84% $153,000 13% 10 107 137% 92028 - FALLBROOK 82% 85% $157,500 26% 2 61 38% 92029 - ESCONDIDO 72% - $220,000 - 1 278 - 92054 - OCEANSIDE 47% 73% $375,000 92% 13 21 -32% 92056 - OCEANSIDE 71% 67% $225,000 1% 19 12 0% 92057 - OCEANSIDE 76% 82% $198,000 39% 19 10 -52% 92058 - OCEANSIDE 75% 80% $207,750 - 4 40 - 92059 - PALA 50% 42% $359,000 -6% 1 50 -77% 92061 - PAUMA VALLEY - - - - 0 - - 92064 - POWAY 49% 60% $366,250 42% 7 15 114% 92065 - RAMONA 74% 77% $205,000 17% 6 69 -10% 92067 - RANCHO SANTA FE - - - - 0 - - 92068 - SAN LUIS REY - - - - 0 - - 92069 - SAN MARCOS 57% 77% $305,000 73% 10 10 -86% 92075 - SOLANA BEACH 29% 24% $550,000 -5% 18 37 30% 92078 - SAN MARCOS 48% 61% $368,500 44% 18 15 -65% 92081 - VISTA 66% 78% $250,000 46% 3 5 -41% 92082 - VALLEY CENTER - 79% - - 0 - - 92083 - VISTA 67% 80% $242,000 56% 7 18 80% 92084 - VISTA 56% 82% $315,000 120% 1 8 -80% 92091 - RANCHO SANTA FE - 24% - - 0 - - 92127 - RANCHO BERNARDO 56% 57% $315,000 13% 35 12 -8% 92128 - RANCHO BERNARDO 57% 64% $307,000 28% 38 14 65% 92129 - RANCHO PENASQUITOS 67% 70% $245,000 17% 16 8 -53%92130 - CARMEL VALLEY 34% 44% $497,000 35% 28 10 -5%
North San Diego County HomeDexTM June 2013 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.
6 of 6
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.
North San Diego County HomeDexTM Foreclosure Activity Report – Ending June 2013
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.
North San Diego County Zip Codes
Number of Pre-Foreclosure
Properties1 ending June 2013
% Chg. from Pre-Foreclosures
ending May 2013
Number of Bank-Owned ending
June 2013
% Chg. from Bank-Owned ending May
2013
92003 - BONSALL 7 75.00% 19 -9.52% 92007 - CARDIFF 8 -11.11% 3 0.00% 92008 - CARLSBAD 25 0.00% 14 -6.67% 92009 - CARLSBAD 38 22.58% 29 -9.38% 92010 - CARLSBAD 21 -12.50% 8 -11.11% 92011 - CARLSBAD 22 10.00% 13 0.00% 92014 - DEL MAR 10 42.86% 22 4.76% 92024 - ENCINITAS 29 -21.62% 34 -5.56% 92025 - ESCONDIDO 35 -10.26% 51 -3.77% 92026 - ESCONDIDO 73 4.29% 52 -1.89% 92027 - ESCONDIDO 51 -3.77% 26 -16.13% 92028 - FALLBROOK 45 -18.18% 60 7.14% 92029 - ESCONDIDO 22 10.00% 25 -16.67% 92054 - OCEANSIDE 30 -6.25% 54 -8.47% 92056 - OCEANSIDE 60 -6.25% 37 -9.76% 92057 - OCEANSIDE 87 2.35% 46 -2.13% 92059 - PALA 0 - 0 - 92061 - PAUMA VALLEY 3 -25.00% 2 0.00% 92064 - POWAY 46 9.52% 24 4.35% 92065 - RAMONA 54 0.00% 47 -7.84% 92067 - RANCHO SANTA FE 6 0.00% 30 -3.23% 92068 - SAN LUIS REY 0 - 0 - 92069 - SAN MARCOS 35 -18.60% 56 -81.97% 92075 - SOLANA BEACH 11 0.00% 11 - 92078 - SAN MARCOS 44 2.33% 33 13.79% 92081 - VISTA 24 4.35% 25 -3.85% 92082 - VALLEY CENTER 38 0.00% 59 -14.49% 92083 - VISTA 40 0.00% 32 -3.03% 92084 - VISTA 55 5.77% 51 0.00% 92091 - RANCHO SANTA FE 1 -50.00% 3 0.00% 92127 - RANCHO BERNARDO 38 -11.63% 34 -10.53% 92128 - RANCHO BERNARDO 37 -7.50% 18 0.00% 92129 - RANCHO PENASQUITOS 35 -10.26% 12 -7.69% 92130 - CARMEL VALLEY 29 20.83% 11 -8.33% TOTALS 1,059 -1.85% 941 -5.33%
North San Diego County HomeDexTM Foreclosure Activity Report – Ending June 2013
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.
"Forecle
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. 2 Zip code 92003 (Bonsall) actually reported 95 auctioned properties, including 87 undeveloped parcels from one proposed new development; the individual parcels from this development are reported as one auctioned property.
Carlsbad Service Center 6183 Paseo Del Norte, Ste. 150
Carlsbad, CA 92009 Phone: (760) 929-2100 Fax: (760) 929-2115
Carmel Valley Service Center 12250 El Camino Real, Suite 118
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