North San Diego County
Association of REALTORS®
AUGUST 2009 REPORT
July 2009 Statistics
North San Diego County
HomeDex TM
HomeDex™ Key Points
July 2009 Data
1. The median price for all North County home sales – attached and detached – increased 4.12% in July 2009 from June 2009, to $379,000.
a. Detached homes in North County increased 6.02 percent, from June 2009 to July 2009, from $415,000 to $440,000.
i. Detached home prices OUTSIDE North County increased 2.52% from June 2009 to July
2009, from $326,750 to $335,000.
ii. July 2009 median single-family detached homes in North San Diego County decreased
3.83%, from $457,500 in July 2008. The median price OUTSIDE North County for single-family homes fell 11 percent from the $376,500 a year ago.
iii. The countywide median price of homes sold increased from $360,000 in June 2009 to
$372,000 in July 2009 and was down 8.7% from the July 2008 number.
2009, from $326,750 to $335,000.
ii. July 2009 median single-family detached homes in North San Diego County decreased
3.83%, from $457,500 in July 2008. The median price OUTSIDE North County for single-family homes fell 11 percent from the $376,500 a year ago.
iii. The countywide median price of homes sold increased from $360,000 in June 2009 to
$372,000 in July 2009 and was down 8.7% from the July 2008 number.
b. Attached home prices in North County decreased during July 2009 by 7.84%, from $255,000 a month earlier to $235,000.
i. Non-North County attached home prices increased 6.01% in July 2009; from $191,500
to $203,000.
ii. North County attached homes decreased 6.93% from $252,500 a year ago.
c. Median days-on-market for single-family detached homes in North County decreased
from 45 days in June 2009 to 34 days in July 2009. The number of North County single-family homes sold increased 17.65% last month, from 765 to 900. There was a year-to-year increase of 9.76% for home sales in July 2009 compared to July 2008.
to $203,000.
ii. North County attached homes decreased 6.93% from $252,500 a year ago.
c. Median days-on-market for single-family detached homes in North County decreased
from 45 days in June 2009 to 34 days in July 2009. The number of North County single-family homes sold increased 17.65% last month, from 765 to 900. There was a year-to-year increase of 9.76% for home sales in July 2009 compared to July 2008.
2. The residential real estate market has swung from the seller’s market of three years ago when home prices were increasing as much as 20 to 30 percent per year to the buyer’s market today where prices have decreased and there’s an abundant inventory of homes from which to choose. That’s good news for those looking to buy a home.
a. Interest rates continue at record lows, at least for the short-term future.
values rose 88 percent on a national average – higher in California – over the past decade.
Sales continue to be hampered by problems in real estate finance. Both tighter underwriting standards and the ongoing effects of the credit/liquidity crunch continue to limit sales.
a. Buyers with secured financing, or all cash are not hampered by the constraints of the
real estate financing market.
real estate financing market.
2 In fact, several North County brokers and agents have experienced significant increases in
activity in recent weeks, working with well-qualified buyers who recognize optimum buying conditions in which there are low interest rates and an abundant selection of homes on the market.
North San Diego County HomeDexTM
July 2009 Summary Report
Single-Family Detached Homes
activity in recent weeks, working with well-qualified buyers who recognize optimum buying conditions in which there are low interest rates and an abundant selection of homes on the market.
North San Diego County HomeDexTM
July 2009 Summary Report
Single-Family Detached Homes
Part 2 Single-Family Detached Home Prices
• The median price for all homes in North San Diego County – single-family
detached and single-family attached – rose to $379,000 in July 2009 from
$364,000 in June 2009.1
• The median-priced single-family detached (SFD) home in North San Diego
County increased 6.02 percent from $415,000 in June 2009 to $440,000 in July
2009. SFD median prices in Non-North County zip codes rose 2.52 percent from
$326,750 in June 2009 to $335,000 in July 2009.
• July 2009 median SFD prices in North San Diego County decreased 3.83 percent
from $457,500 in July 2008. Median price decreased 11 percent in Non-North
County from $376,500 in July 2008.
• The countywide median SFD price rose 3.33 percent from $360,000 in June 2009
to $372,000 in July 2009, an 8.7 percent decrease from July 2008.
• The median days-on-market for North San Diego County SFD homes fell from 45
days in June 2009 to 34 in July 2009. The average number of days-on-market
decreased from 75 in June 2009 to 67 in July 2009.2
• The SFD median price-per-square foot was $208 in July 2009, a 10.58 percent
decrease from July 2008.
• Active SFD listings in North San Diego County decreased from 3,090 at the end
of June 2009 to 3,065 active SFD listings ending July 2009, down 47.05 percent
compared to July 2008. San Diego County active SFD listings fell from 5,705 at
the end of June 2009 to 5,660 ending July 2009, compared to 12,314 active
listings reported countywide at the end of July 2008.
• The number of North San Diego County SFD units sold increased 17.65 percent
to 900 in July 2009 from 765 in June 2009. SFD home sales increased 9.76
percent from July 2008.
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
rbrown@csusm.edu; 760-750-4196 or Lynn Sullivan, NSDCAR Communications Director: lynn@nsdcar.com or
760-734-3976. Data source: Sandicor, Inc. Comparisons are not based on identical samples of homes sold and do
not imply statistical significance.
detached and single-family attached – rose to $379,000 in July 2009 from
$364,000 in June 2009.1
• The median-priced single-family detached (SFD) home in North San Diego
County increased 6.02 percent from $415,000 in June 2009 to $440,000 in July
2009. SFD median prices in Non-North County zip codes rose 2.52 percent from
$326,750 in June 2009 to $335,000 in July 2009.
• July 2009 median SFD prices in North San Diego County decreased 3.83 percent
from $457,500 in July 2008. Median price decreased 11 percent in Non-North
County from $376,500 in July 2008.
• The countywide median SFD price rose 3.33 percent from $360,000 in June 2009
to $372,000 in July 2009, an 8.7 percent decrease from July 2008.
• The median days-on-market for North San Diego County SFD homes fell from 45
days in June 2009 to 34 in July 2009. The average number of days-on-market
decreased from 75 in June 2009 to 67 in July 2009.2
• The SFD median price-per-square foot was $208 in July 2009, a 10.58 percent
decrease from July 2008.
• Active SFD listings in North San Diego County decreased from 3,090 at the end
of June 2009 to 3,065 active SFD listings ending July 2009, down 47.05 percent
compared to July 2008. San Diego County active SFD listings fell from 5,705 at
the end of June 2009 to 5,660 ending July 2009, compared to 12,314 active
listings reported countywide at the end of July 2008.
• The number of North San Diego County SFD units sold increased 17.65 percent
to 900 in July 2009 from 765 in June 2009. SFD home sales increased 9.76
percent from July 2008.
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
rbrown@csusm.edu; 760-750-4196 or Lynn Sullivan, NSDCAR Communications Director: lynn@nsdcar.com or
760-734-3976. Data source: Sandicor, Inc. Comparisons are not based on identical samples of homes sold and do
not imply statistical significance.
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