North County Home Prices Rise 1.74% in January

$

North San Diego County
TM
HomeDex
North County
February 2011 REPORT
January 2011 Statistics

Association of REALTORS®

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 Communications@nsdcar.com 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 rbrown@csusm.edu; phone #
(760)750-4196 or to NSDCAR Communications Director, Lynn Sullivan, at
Communications@nsdcar.com; phone # (760) 734-3971.

Data source: Sandicor, Inc. Statistics obtained from MLS data.

Copyright North San Diego County Association of REALTORS®, 2011. 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®.

01/10/11

HomeDex™ Key Points
January 2011 Data

1. The median price for all North County home sales – attached and detached – decreased from
$380,043 in December 2010 to $360,000 in January 2011.

a. Detached homes in North County rose 1.74 percent from $438,357 in December 2010 to
$446,000 in January 2011. Year-over median single-family detached homes in North San
Diego County increased 6.19 percent, from $420,000 in January 2010, making 18 months of
year-over increases in median price (with the exception of August 2010).

i. Detached home prices OUTSIDE North County decreased 4.9 percent from $347,000
in December 2010 to $330,000 in January 2011.

iii. The countywide median SFD price of homes sold decreased from $375,000 in
December 2010 to $369,250 in January 2011, but rose 1.03 percent year-over from
$365,500 in January 2010.

b. Attached home prices in North County declined 2.36 percent to $229,950 in January 2011
from 235,500 in December 2010, the second month of price decreases.

i. Non-North County attached home prices decreased 10.48 percent to $188,000 in
January 2011 from $210,000 in December 2010.

c. While the number of single-family detached homes sold fell significantly to 32.87 percent
from December 2010 to January 2011, the number of single-family detached listings (active
and contingent) increased 8.08 percent from 3,962 ending December 2010 to 4,282 ending
January 2011, following four months of declines.

i. Listings were up 20.69 percent year-over from January 2011.

ii. Median days-on-market for single-family detached homes in North County remained
at 68 days in January 2011.

###

North San Diego County HomeDexTM
January 2011 Summary Report
Single-Family Detached Homes
Single-Family Detached Home Prices

• The median price for all homes in North San Diego County – single-family
detached and single-family attached – decreased from $380,043 in December
2010 to $360,000 in January 2011.1

• The median-priced single-family detached (SFD) home in North San Diego
County rose 1.74 percent from $438,357 in December 2010 to $446,000 in
January 2011. The year-over median SFD price in North San Diego County
increased 6.19 percent from $420,000 in January 2010, making 18 months of
year-over increases in median price (with the exception of August 2010.)

• The SFD median price in Non-North County zip codes decreased 4.9 percent
from $347,000 in December 2010 to $330,000 in January 2011. Non-North
county median prices fell 2.08 percent year-over from $337,000 in January 2010,
making two consecutive year-over declines after 14 months of increases.

• The countywide median SFD price decreased 1.53 percent from $375,000 in
December 2010 to $369,250 in January 2011, but rose 1.03 percent year-over
from $365,500 in January 2010.

Median Prices
North San Diego County Non-North San Diego County

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0
07

8

9

0
07

08

08

08

09

09

09

10

10

10

11
7

08

8

09

9

10

0
00

00

01
00

00

00

01

20
20
20

20

20

20

20

20

20

20

20

20
20

20

20
r2

r2

r2
r2

r2

r2

r2

y
r

y
ly

ay

ly

y

ay

ly

y

ay

ly
ch

ch

ch
be

be

be

be
be

be

be

be

ar
ar

ar

ar
Ju

Ju

Ju

Ju
M

M

M
ar

ar

ar

nu
em

em

em

em
nu

nu

nu
em

em

em

em
M

M

M

Ja
Ja

Ja

Ja
pt

pt

pt

pt
ov

ov

ov

ov
Se

Se

Se

Se
N

N

N

N

1 of 8
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 or 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.


• The median days-on-market for North San Diego County SFD homes sold
remained at 68 in January 2011; the average number of days-on-market increased
to 94 in January 2011 from 93 in December 2010.2

• The SFD median price-per-square foot increased from $213 in December 2010 to
$216 in January 2011, a 2.79 percent year-over increase from January 2010 –
continuing a 15 month trend of year-over increases in median price-per-square
foot (with the exception of December 2010).

Median Price per Square Foot
$350

$300

$250

$200

$150

$100
ec er 7

ay 8

ec er 8

ay 9

ec er 9

ay 0

ec er 0
A ly 2 7

be 007

8
ch 8
pr 08

ne 8

A ly 2 8

Ja er 8

9
ch 9
pr 09

ne 9

A ly 2 9

be 009

0
ch 0
pr 10

ne 0

A ly 2 0

be 10

11
O ber 07
o v er 7

Fe ary 07

O ber 08
o v er 8

Fe ary 08

O ber 09
o v er 9

Fe ary 09

O ber 10
o v er 0

ar 10
pt st 7

pt st 8

pt st 9

pt st 0
D mb 0 0

M 200

D mb 0 0

M 200

D mb 0 0

M 201

D mb 0 1
Ju 200

ua 00
ar 0 0

Ju 200
Ju 200

b 0

ua 00
ar 0 0

Ju 200
Ju 200

ua 01
ar 0 1

Ju 201
Ju 201
N tob 200

N tob 200

N tob 200

N tob 201
Se ugu 00

Se ugu 00

Se u 0

Se u 1

20
A 20

em 20

A 20

A 20

em 20
em 20

nu 20

em 20

em 20

nu 20

em 20
nu 20

nu 20
ug 0

ug 0
2
em 2

br 2

2

br 2

2
em 2

br 2

2
M y2

M y2

M y2

y
ne

il

il

il
Ja r

Ja r

Ja r
r

r

r
Ju

c
e

c
e

c
e

c
e

2 of 8


• SFD listings (active and contingent) in North San Diego County increased 8.08
percent from 3,962 ending December 2010 to 4,282 ending January 2011
following four months of declines in listings. Listings were up 20.69 percent
year-over from January 2011.

• SFD listings (active and contingent) across San Diego County increased 4.54
percent from December 2010 to January 2011, and increased 23.79 percent year-
over compared to January 2010.

• The number of sold North San Diego County SFD units declined 32.87 percent
from December 2010 to January 2011 following a significant increase last month;
sold units decreased 1.42 percent year-over from January 2010.

• SFD total sales volume declined 0.33 percent year-over in January 2011
compared to January 2010.

Number of Single-Family Detached Homes Sold by Price Range
January 2011 January 2010 January 2009 January 2008

200

150

100

50

0
<$300K $300- $400- $500- $600- $700- $800- $900- $1M- $1.1M- $1.2M- $1.3M- $1.4M- over
$400K $500 $600K $700K $800K $900K $1M $1.1M $1.2M $1.3M $1.4M $1.5M $1.5M

3 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 rose slightly from
$2,306 in December 2010 (based on a conventional mortgage) to $2,321 in
January 2011. The monthly payment for the median-priced SFD home in Non-
North San Diego County decreased to $1,754 in January 2011 from $1,825 in
December 2010.

• The percent of San Diego County households that could afford the median-priced
SFD home in North County remained at 30 percent in January 2011, according to
the North San Diego County HomeDexTM. Non-North County zip codes reported
that the affordability percentage increased from 41 percent in December 2010 to
43 percent in January 2011.3

• The HomeDexTM affordability percentage was 30 percent in North County and 41
percent in Non-North San Diego County zip codes in January 2010.

• The HomeDexTM affordability percentage for all homes in North San Diego
County – single-family detached and single-family attached together – increased
from 37 percent in December 2010 to 40 percent in January 2011.

Home Affordability Percentage
North San Diego County Non-North San Diego County

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%
M 009

9

M 010

0
09

ch 9
pr 09

Ju 009

Ju 09

be 9

ry 0

ch 0
pr 10

Ju 010

Ju 10

be 0

11
9

09

0

10
Se gus 9

be 9

Se gus 0

be 0
em 00

em 0 0

01

em 01

em 0 1
M 200

ct 200

M 201

ct 201
em 00

em 01
0

1

20
20

20
20

20

20
Ja r 20

Ja r 20
20

20
2

ov er 2

2

ov er 2
2

Fe r y 2

2
e c er 2

ec er 2
t2

t2

y
il
il

ne

ne
y

y

ay

ay
r

r
ly

ly

ar
r
ar

ob

ob
b

b
ua

a
ua
ar

ar

nu
nu
u

A

A
u

u
n

br

br
A

A
Ja

O

O
pt

pt
Fe

D

D
N

N

4 of 8

92
06
92 7
06 -R
7 A
-R N
CH
A O
N SA
CH
N

$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000

$0
92
O 92 01 TA
92 92 SA 07 4 FE
07 01 N 5 -D
$1,534,550

0%
10%
20%
30%
40%
50%
60%
4 TA -S EL
5 92 O M
92 -S -D F 13 LA A
13 O EL E 0 N R
3% -C A
92 0 -
LA M A BE $1,275,000
CA NA A RM A
09
1 R EL CH
92
- R RM BE 4% 00 92 VA $950,255
A EL AC 7 02
4
N -C -E
LL
92 CH VA H A N
EY
00 LL 8% RD CI $945,000
7 92 O S IF N
A EY F IT
- C 02
4 N BY A
A TA 8% 92 S
RD - E TH $832,000
01 E
IF NC FE 1 SE
F IN
9%
-C
A A

IT 92 92
92 B Y 12
7 00 RL $725,000
01
1
TH AS 9 SB
92 E -R -C A
9% A A D
12 92 - CA SE N
7 CH RL $692,000
- R 008 RL A O SB
A
A - C SB 11% BE D
N RN
CH AR AD 92
A $685,000
O 00
3
LS RD
B BA 13% -B O
92
92 ER D 02 O $647,500
00 N 9 N
92 3 A 13% -E SA
- B RD SC LL
02
9 O O 92 O $635,354
N 01 N
- 16% 0 D
-C ID
92 ESC SAL
A O
01 O L RL $549,500
0 N
-C D 17% 92 SB
A ID 92 06 A
92 12 92 4 D
12 92 RL O 9 05 -P $547,495
9 22% -R 4 O
06 SB
A -O W
- R 920 A N AY
A 54 4 - P D CH CE
N O A $523,000
CH - O OW 22% PE N
SI
O CE AY N D
A 92 92 A E
92 PE N 24% 12 00
SQ
U $505,000
12 92 NA SID 8 8 IT
8 E
-R
A
-C O
- R 0 0 9 SQ N A S
A - C UIT 25% CH RL $500,000
N O SB
CH AR OS A
January 2011

O L 92
07
BE D
92 25% 8
RN
0 BE SBA -S A $492,500
92
92 78 D A RD

January 2011
08 N
08 - S RN
A 2 O
A 26% M

2 R -V
A $487,500
-V N A
Median Prices by Zip Codes

M DO LL RC
A A O

LL
26%
EY S

EY RCO CE
N
$460,000
CE S 92 TE
29% 92 08 R
4

92 920 NT 02
02 84 E 8 -V $430,000
8 -F IS
92 - -V R
32% 92 A TA
06 LL
9
06 FAL IST
9 A BR $354,000
- S LB -S
A O
41% N O
RO K
92 A N 92 M
A $350,750
05
6
-O
M OK
A
R 41%
Housing Affordability Percentages by Zip Code 05
6
-O RC
O
CE S
CE CO
S A $336,000
A N

92 N 44% 92 SI
D
0 SI
D 08 E
1
92 81
06 -V E 92 -V $330,000
45% 06 IS
5 5 TA

- R IST -R
A A A $325,000
M M
O 45% O
92 920
N
92 N
83 08 A
05
7 A 92 3
- 05 $319,500

-V
92 - O VIS 46% 7 IS
CE -O TA
02 TA 92 CE
6 A 02 A $310,000
N 48% 6 N
9 2 - ES S -E SI
D
02
5
CO IDE 92 SC E
02 O $309,900
- E ND 48% 5 N
ID -E D
SC ID
O O SC O
N O $305,500
D 48% N
92 92 ID D
02 05 O 92 ID
7 9 92 05 O
-E -P 50% 02 9 $295,000

7 -P
SC A L
A -E A
O
Single-Family Detached Home Prices and Affordability by North County Zip Codes4

LA
N SC
O
D 52% N $283,500
ID D
O

ID
O
53% $278,000

5 of 8


North San Diego County Housing Characteristics
January 2011
Median Price $446,000
Average Price $567,659
Median Price per Square Foot $216
Lowest-Priced Home Sold $100,000
Highest-Priced Home Sold $5,000,000

Number Units Sold 486
Total Sales5 $275,882,146
Median Days on Market 68

Median Square Feet 2,097
Median Number of Bedrooms 4
Median Number of Baths 3
Median Lot Size (sq. feet) 9,700
Median Age (years) of Homes Sold 22

HomeDexTM
(Percent of San Diego County households
Median Home Prices affording median-priced home)
North San Non-North North San Diego Non-North
Month/Year
Diego County San Diego County County San Diego County
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%
December 2010 $438,357 $347,000 30% 41%
January 2011 $446,000 $330,000 30% 43%

6 of 8

North County Home Prices Rise 1.74% in January

North County Home Prices Rise 1.74% in January

Recommended

Recommended

More Related Content

What's hot

What's hot (6)

Similar to North County Home Prices Rise 1.74% in January

Similar to North County Home Prices Rise 1.74% in January (18)

North County Home Prices Rise 1.74% in January