October Median Prices in Various North County Zips

North San Diego County HomeDexTM
October 2009 Summary Report
Single-Family Detached Homes

Single-Family Detached Home Prices and Affordability by North County Zip Codes
• Rancho Santa Fe (92067) reported the highest median SFD price at two million
dollars followed by Solana Beach (92075) at $1.75 million with Del Mar (92014)
and Cardiff (92007) at over one million.

• Bonsall (92003) had a median SFD price at $984,000 and Carmel Valley (92130)
at $861,500 with Encinitas (92024), Rancho Bernardo (92127), and Carlsbad
(92011) reporting median prices in the high $700,000s. Carlsbad (92008, 92009)
reported median SFD prices in the mid $600,000s with Rancho Bernardo (92128),
Rancho Penasquitos (92129), San Marcos (92078), and Carlsbad (92010)
reporting median prices ranging between $504,000 and $570,000, Escondido
(92029) at $490,000, and Poway (92064) at $450,300.

• Vista (92081, 92084), San Marcos (92069), Escondido (92025, 92026), Ramona
(92065), Valley Center (92082), Fallbrook (92028), and Oceanside (92054,
92056, 92057) reported median SFD prices between $301,000 and $368,000 with
Escondido (92027), Pala (92059), and Vista (92083, 92084) under $300,000

Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D. Department of Economics California State University, San Marcos.
Data source: Sandicor, Inc. Comparisons are not based on identical samples of homes sold and do not imply statistical significance.

North County Surf Real Estate Comments:
Sold prices are still creeping up from the LOW lows. They might stay flat during the slow winter months but, if there are no further catastrophies, look out for Spring 2010.
Interest rates still under 5%. High 4's...are you kidding???
Values are out there now. Don't chase the market up like last time when you can buy at a great value NOW. Ride it up from the bottom instead.

Real estate purchases should be compared to renting costs (costs go up with no appreciation on your outlay). If you can get in near the bottom, and stay within your realistic monthly budget, buying real estate can really make alot of financial sense. It should always be looked at as a longer term investment.

As always, I'm here if you need me. Phil SDRealtor@cox.net