January 2011 Key Real Estate Market Results for North County

The January 2011 results are in for Key North County Real Estate Statistics. Looks like the Detached homes have shown the most steady median price increases over this last year, 6.19%. It also looks like North County is out-performing OUTSIDE of North County areas.

 

I am still looking forward to a very busy and robust 2011. This is a great time to buy a home. Prices and interest rates are still low which makes homes the most affordable since 40 years ago. Let me know if you would like specific price statistics for your ZIP code. Enjoy!

strong>HomeDex™ Key Points- January 2011 Data (compiled by Robert Brown, Ph.D., California State University, San Marcos)

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. ii. 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