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North San Diego County


TM
HomeDex
North County
May 2010 REPORT
April 2010 Statistics

North San Diego County


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®, 2010. 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®.

01/12/10
HomeDex™ Key Points
April 2010 Data

1. The median price for all North County home sales – attached and detached – increased 0.84% in
April 2010 from March 2010, to $388,250.

a. Detached homes in North County rose 1.17 percent, from March 2010 to April
2010, from $469,000 to $474,500.

i. Detached home prices OUTSIDE North County decreased 0.43% from March 2010
to April 2010, from $351,500 to $350,000.

ii. Year-over median single-family detached homes in North San Diego County
increased 21.67%, from $390,000 in April 2009, making nine straight months of
rising year-over prices. The year-over median price OUTSIDE North County for
single-family homes rose 12.9 percent from the $310,000 a year ago continuing
seven straight months of year-over increases.

iii. The countywide median SFD price of homes sold decreased from $396,000 in March
2010 to $390,000 in April 2010 but increased 16.42% from the April 2009 number
making eight months of continuous year-over price increases countywide.

b. Attached home prices in North County decreased during April 2010 by 1.53%, from
$245,000 a month earlier to $241,250.

i. Non-North County attached home prices decreased to $215,500 from


March 2010 to April 2010.

ii. North County attached homes increased 22.46% from $197,000 a year ago; making
nine months of year-over price increases following 24 months of year-over declines.

c. Median days-on-market for single-family detached homes in North County decreased to


34 days in April 2010. The number of North County single-family homes sold decreased
1.62% last month, from 741 to 729 but increased 0.83 percent year-over from April 2009.
This continues a trend of year-over sales increases since summer 2008 (with the exceptions
of year-over decreases in January 2010 and October 2009).

###
North San Diego County HomeDexTM
April 2010 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 – increased to $388,250 in April 2010 from
$385,000 in March 2010.1

• The median-priced single-family detached (SFD) home in North San Diego


County increased 1.17 percent to $474,500 in April 2010 from $469,000 in March
2010, the third month of price increases and the highest median price reported
since summer 2008. The SFD median price in Non-North County zip codes
decreased 0.43 percent to $350,000 in April 2010 from $351,500 in March 2010.

• Year-over median SFD price in North San Diego County increased 21.67 percent
from $390,000 in April 2009, making nine straight months of year-over price
increases. Year-over median price rose 12.9 percent in Non-North County from
$310,000 in April 2009, making seven straight months of year-over increases.

• The countywide median SFD price decreased 1.52 percent to $390,000 in April
2010 from $396,000 in March 2010, but increased 16.42 percent year-over from
April 2009 – this makes eight months of year-over price increases countywide.

Median Prices
North San Diego County
Single-Family Detached Homes
North San Diego County Non-North San Diego County

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

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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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Detached Homes

• The median days-on-market decreased for North San Diego County SFD homes
sold from 36 days in March 2010 to 34 days in April 2010. The average number
of days-on-market fell to 66 in April 2010 from 68 in March 2010.2

• The SFD median price-per-square foot increased from $228 in March 2010 to
$230 in April 2010, up 20.59 percent year-over from April 2009 – six straight
months of year-over increases in median price-per-square foot (following over
two years of price declines). The April 2010 median-per-square foot was the
highest reported since summer 2008.

North San Diego County


Median Price per Square Foot
Single-Family Detached Homes
$350

$300

$250

$200

$150

$100
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2 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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Detached Homes

• There were 4,254 (active and contingent) SFD listings in North San Diego County
ending April 2010, a 4.93 percent increase from March 2010 and a 3.71 percent
increase year-over from April 2009.

• There were 8,844 (active and contingent) listings in San Diego County ending
April 2010, a 4.15 percent increase from March 2010 and a 6.75 percent increase
year-over from April 2009.

• The number of North San Diego County SFD units sold decreased 1.62 percent
from 741 in March 2010 to 729 in April 2010, and increased 0.83 percent year-
over from April 2009. This continues a trend of year-over sales increases since
summer 2008 (with the exceptions of year-over decreases in January 2010 and
October 2009).

• Total sales volume increased 19.02 percent year-over from April 2009, the third
month of year-over increases (with February and March both over 25 percent).

Number of Single-Family Detached Homes Sold by Price Range


April 2010 April 2009 April 2008

250

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
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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Detached Homes
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 to $2,565
in April 2010 (based on a conventional mortgage) from $2,551 in March 2010. The
monthly payment for the median-priced SFD home in Non-North San Diego
County fell to $1,892 in April 2010 from $1,912 in March 2010.

• The percent of San Diego County households that could afford the median-priced
SFD home in North County decreased to 22 percent in April 2010 from 25
percent in March 2010 – the third month of declining affordability -- according to
the North San Diego County HomeDexTM,. The affordability percentage fell from
38 percent in March 2010 to 35 percent in April 2010 across Non-North County
zip codes.3 The HomeDexTM affordability percentage was 31 percent in North
County and 42 percent in Non-North San Diego County zip codes in April 2009.

• The HomeDexTM affordability percentage for all homes in North San Diego
County – single-family detached and single-family attached together – was 34
percent in April 2010.

Home Affordability Percentage


Single-Family Detached
North San Diego County Non-North San Diego County

50%
45%
40%
35%
30%
25%
20%
15%
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5%

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4 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.
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$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

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North San Diego County

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North San Diego County


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Single-Family Detached Homes


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Housing Affordability Percentages by Zip Code


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April 2010 Summary Report

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Single-Family Detached Homes

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North San Diego County HomeDexTM

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Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D.
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Department of Economics California State University, San Marcos. Inquiries may be directed to Robert Brown
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Single-Family Detached Home Prices and Affordability by North County Zip Codes4

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rbrown@csusm.edu or 760-750-4196; or Lynn Sullivan, NSDCAR Communications Director: lynn@nsdcar.com or


IS
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760-734-3976. Data source: Sandicor, Inc. Comparisons are not based on identical samples of homes sold and do not
5 of 8
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Detached Homes

North San Diego County Housing Characteristics


Single-Family Detached Homes
April 2010
Median Price $474,500
Average Price $623,861
Median Price per Square Foot $230
Lowest-Priced Home Sold $98,000
Highest-Priced Home Sold $5,000,000

Number Units Sold 729


Total Sales5 $454,170,583
Median Days on Market 34

Median Square Feet 2,037


Median Number of Bedrooms 4
Median Number of Baths 3
Median Lot Size (sq. feet) 9,258
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
April 2009 $390,000 $310,000 31% 42%
May 2009 $397,000 $315,000 32% 43%
June 2009 $415,000 $326,750 30% 41%
July 2009 $440,000 $335,000 26% 34%
August 2009 $465,000 $335,000 24% 38%
September 2009 $457,000 $349,950 24% 36%
October 2009 $430,000 $355,000 28% 37%
November 2009 $436,250 $349,900 28% 38%
December 2009 $436,000 $353,000 28% 37%
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%

6 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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Detached Homes
Med. Days
Median on Market
April April April Days on % Chg.
2010 2009 April 2010 % Price 2010 Market from
North San Diego County Zip Afford- Afford- Median Chg. From Sold April March
Codes ability ability Price April 2009 Listings 2010 2010
92003 - BONSALL 10% 47% $731,882 161% 6 36 -45%
92007 - CARDIFF 10% 7% $750,000 -15% 4 126 641%
92008 - CARLSBAD 13% 20% $650,000 28% 9 50 -21%
92009 - CARLSBAD 10% 8% $719,000 -8% 45 32 -6%
92010 - CARLSBAD 18% 19% $585,000 11% 7 27 59%
92011 - CARLSBAD 8% 13% $840,000 35% 16 37 23%
92014 - DEL MAR 3% 7% $1,500,000 67% 9 89 -32%
92024 - ENCINITAS 11% 7% $697,500 -20% 32 30 -14%
92025 - ESCONDIDO 45% 52% $306,000 22% 32 27 -16%
92026 - ESCONDIDO 45% 47% $310,000 12% 38 40 11%
92027 - ESCONDIDO 44% 56% $315,000 38% 39 42 38%
92028 - FALLBROOK 43% 34% $320,000 -10% 26 64 -1%
92029 - ESCONDIDO 25% 31% $467,780 21% 12 30 -45%
92054 - OCEANSIDE 23% 39% $499,900 54% 11 27 42%
92056 - OCEANSIDE 38% 40% $355,000 11% 35 19 -43%
92057 - OCEANSIDE 43% 37% $321,250 -5% 42 32 -3%
92058 - OCEANSIDE 46% - $305,000 - 11 40 -
92059 - PALA - 19% - - 0 - -
92061 - PAUMA VALLEY - - - - 0 - -
92064 - POWAY 20% 20% $545,000 8% 24 24 -36%
92065 - RAMONA 41% 33% $330,000 -10% 27 49 -18%
92067 - RANCHO SANTA FE 2% 1% $1,924,500 -12% 16 79 -47%
92068 - SAN LUIS REY - - - - 0 - -
92069 - SAN MARCOS 37% 47% $365,000 30% 33 42 65%
92075 - SOLANA BEACH 6% 7% $1,000,000 12% 11 137 171%
92078 - SAN MARCOS 25% 21% $465,000 -5% 33 22 -48%
92081 - VISTA 38% 34% $355,000 -2% 21 28 -39%
92082 - VALLEY CENTER 27% 31% $450,000 16% 13 31 -55%
92083 - VISTA 55% 55% $234,000 0% 23 28 -29%
92084 - VISTA 35% 44% $355,000 20% 23 43 -11%
92091 - RANCHO SANTA FE 0% 10% $2,780,000 315% 5 66 -54%
92127 - RANCHO BERNARDO 9% 9% $750,000 5% 41 48 256%
92128 - RANCHO BERNARDO 19% 17% $530,000 -4% 29 37 68%
92129 - RANCHO
PENASQUITOS 15% 19% $595,000 14% 33 16 -48%
92130 - CARMEL VALLEY 5% 7% $995,000 13% 34 20 -50%

"Foreclosures" refers to the number of unique addresses in some stage of


foreclosure in

7 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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Detached Homes

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 during April 2010 required an annual income of $102,597 for the
median-priced SFD home – an amount earned by 22 percent of San Diego County households.
4
Monthly median prices and HomeDexTM 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.
5
Total SFD sales in North County were $415,382,041 in March 2010 and $381,579,598 in April 2009.

8 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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Attached Homes
Single-Family Attached Home Prices

• The North San Diego County median-priced single-family attached (SFA) home
decreased 1.53 percent to $241,250 in April 2010 from $245,000 in March 2010,
countering two months of price increases. The Non-North San Diego County
SFA home median price decreased 2.05 percent from $220,000 in March 2010 to
$215,500 in April 2010.1

• North San Diego County SFA median prices increased 22.46 percent year-over
from $197,000 in April 2009, making nine months of year-over price increases
following 24 months of year-over declines. The Non-North County SFA median
price increased 27.8 percent year-over from April 2009.

• The county-wide SFA home median price was steady at $225,000 in April 2010,
but increased 25 percent year-over from April 2009.

• The median number of days-on-market for North County SFA homes sold
increased to 40 in April 2010 from 34 in March 2010. The average number of
days-on-market increased to 74 in April 2010 from 63 in March 2010.2

Median Prices
North San Diego County
Single-Family Attached Homes
North San Diego County Non-North San Diego County

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000
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1 of 7
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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Attached Homes

• The number of sold SFA units fell 2.72 percent from March 2010 to April 2010 in
North San Diego County, and rose 0.34 percent in Non-North County. Year-over
sales increased 11.42 percent from April 2009 in North County and declined 3.62
percent in Non-North County. North County SFA sales have reported year-over
increases for 22 months, with the exceptions of February 2010 and October 2009.

• SFA listings (active and contingent) in North San Diego County increased from
1,449 ending March 2010 to 1,517 ending April 2010. San Diego County (active
and contingent) SFA listings increased to 4,997 at the end of April 2010 from
4,878 in March 2010. SFA active listings increased 9.29 percent year-over in
North County and increased 6.75 percent countywide.

North San Diego County


Single-Family Attached Homes Sold by Price
April 2010 April 2009 April 2008

160

140

120

100

80

60

40

20

0
<$200K $200- $300- $400- $500- $600- $700- $800- $900- $1M- $1.1M- $1.2M- $1.3M- $1.4M- $1.5M+
$300K $400K $500 $600K $700K $800K $900K $1M $1.1M $1.2M $1.3M $1.4M $1.5M

2 of 7
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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Attached Homes
Housing Affordability – Single-Family Attached Homes

• The monthly payment – including principal, interest, property taxes, and


insurance – for the median-priced SFA home in North County decreased to
$1,304 in April 2010 from $1,333 in March 2010. The monthly payment for the
median-priced SFA home in Non-North San Diego County zip codes fell to
$1,165 in April 2010 from $1,197 in March 2010.

• The percent of San Diego County households able to afford the median-priced
SFA home increased from 55 percent in March 2010 to 56 percent in April 2010.3
The single-family attached home affordability level for Non-North San Diego
County zip codes rose form 60 percent in March 2010 to 61 percent in April 2010.

• 64 percent of county households could afford the median-priced SFA home in


North San Diego County in April 2009, with 69 percent able to afford the median-
priced home in Non-North County zip codes.

Housing Affordability Percentages


Single-Family Attached Homes
North San Diego County Non-North San Diego County

70%

60%

50%

40%

30%

20%

10%

0%
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3 of 7
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.
92 92
06 06
7 7
-R
A -R
92 N 92 A
07 CH
5 O 07 NC
5 H
-S SA
O -S O
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10%
20%
30%
40%
50%
60%
70%
80%
90%

0%
LA NT
92
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$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000

$0
1 0 FE
B 00 NA A
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A CA EAC 92 8 F
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CH RL H 1 A AC
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92 N 92 N
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IF NC LA
F IN IF NC A F
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92 Y T A B INI E
01 H S 92 Y
4 E 0 T TA
92 920 - D SE 92 92 14 H E S

not imply statistical significance.


13 11 EL A 13 01 - D S
0 0 1 E
-C -C M
A A A - C - C EL A
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RM RL R A
92 S RM AR AR
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EL BA 92
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92 92 A 12 92 MA AD
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92 - RA 92 POW 12 A -
12
7 N 0 A 7 N 92 P O S
C 81
Y - R CH 081 W
-R H - A O
A O B VI
N N - AY

April 2010
CH ER STA CH BE VIS
N

Percentages
92 O A 9 O RN T
92 02 BER RD
92 20 A A
12 8 O 12
9
28 B E R D
9 - F NA

Housing Affordability
- F RN O
A R -R
A A

North San Diego County


-R LL D O A
A B N L RD
N
Single-Family Attached
North San Diego County

CH 920 RO CH 92 LB O
April 2010 Median Prices

O 8 O O 08 RO
PE 3 - V K 3 O
92 N I 92 PEN - V K
05 AS STA 05 A I S
4 Q 4 S
9 2 - O U IT 92 - O QU TA
02 CE O 02 I
9 S 9 CE TO
- E AN
92 S 92 - E A N S
05 SC SI
05 SCO IDE
6 N 6 D
-O D - O ON E
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O
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April 2010 Summary Report

92 920 NS 92 92 A N O
02 84 ID 02 08 S
E 6 4 ID
Single-Family Attached Homes

6 -
92 - ES VIS 92 - E - V E
05 05 SC IS
7
CO TA 7 T
N - ON A
-O D 9 OC D
North San Diego County HomeDexTM

92 CE IDO 92 200 EA IDO


92 003 AN 06 3
06
9
- B SID 9 - B NSI
- D

Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D.
- S ON E 92 SA ON E
92 A S 02 N SA
02 N M AL
7 7 M
A L 92 - E A L L
92 - ES RC 02 SC RC
02
5
CO O
S 5
- E ND - E ON OS
SC ID 92 SC DID
92 06 ON O
06 ON O 5
5 D - R DID
- R ID
A O A
M M O

Department of Economics California State University, San Marcos. Inquiries may be directed to Robert Brown
O
Single-Family Attached Home Prices and Affordability by North County Zip Codes4

N O
A N

rbrown@csusm.edu; 760-750-4196 or Lynn Sullivan, NSDCAR Communications Director: lynn@nsdcar.com or


A

760-734-3976. Data source: Sandicor, Inc. Comparisons are not based on identical samples of homes sold and do
4 of 7
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Attached Homes

North San Diego County Housing Characteristics


Single-Family Attached Homes
April 2010
Median Price $241,250
Average Price $296,161
Median Price per Square Foot $206
Lowest-Priced Home Sold $58,200
Highest-Priced Home Sold $2,200,000

Number Units Sold 322


Total Sales5 $95,363,931
Median Days on Market 40

Median Square Feet 1,180


Median Number of Bedrooms 2
Median Number of Baths 2
Median Age (years) of Homes Sold 24

SFA Median Home Prices HomeDex Single-Family Attached Homes

North San Diego Non-North North San Diego Non-North


Month/Year County San Diego County County San Diego County
April 2009 $197,000 $175,500 64% 69%
May 2009 $216,000 $198,900 60% 64%
June 2009 $255,000 $191,500 53% 66%
July 2009 $235,000 $203,000 56% 54%
August 2009 $264,000 $206,000 50% 62%
September 2009 $235,000 $190,000 55% 57%
October 2009 $239,250 $205,000 55% 62%
November 2009 $252,500 $210,000 52% 62%
December 2009 $238,750 $200,000 56% 65%
January 2010 $225,000 $200,000 59% 65%
February 2010 $240,000 $205,750 56% 63%
March 2010 $245,000 $220,000 55% 60%
April 2010 $241,250 $215,500 56% 61%

5 of 7
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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Attached Homes
Median
Median Days on
April April Days on Market %
2010 2009 April 2010 % Price April Market Chg. from
North San Diego County Zip Afford- Afford- Median Chg. From 2010 Sold April March
Codes ability6 ability Price April 2009 Listings 2010 2010
92003 - BONSALL 79% 82% $135,000 16% 3 173 137%
92007 - CARDIFF 24% 21% $490,000 -2% 3 19 0%
92008 - CARLSBAD 18% 34% $580,000 55% 11 41 -38%
92009 - CARLSBAD 44% 41% $315,000 -3% 25 38 33%
92010 - CARLSBAD 38% 39% $354,000 6% 8 20 63%
92011 - CARLSBAD 26% 28% $459,000 9% 5 33 106%
92014 - DEL MAR 25% 53% $462,750 85% 2 59 -66%
92024 - ENCINITAS 22% 32% $511,950 32% 14 34 -56%
92025 - ESCONDIDO 85% 87% $105,000 19% 13 29 -9%
92026 - ESCONDIDO 75% 86% $155,000 61% 16 32 9%
92027 - ESCONDIDO 84% 88% $110,000 29% 13 15 -70%
92028 - FALLBROOK 59% 91% $225,000 221% 3 36 -
92029 - ESCONDIDO 67% 76% $191,750 32% 2 292 -
92054 - OCEANSIDE 65% 51% $199,000 -25% 13 41 -41%
92056 - OCEANSIDE 68% 73% $185,000 16% 27 44 -4%
92057 - OCEANSIDE 75% 79% $154,300 18% 28 46 67%
92058 - OCEANSIDE 80% - $129,500 - 5 78 -
92059 - PALA 20% - $550,000 - 1 150 -
92061 - PAUMA VALLEY - - - - 0 - -
92064 - POWAY 46% 57% $301,500 33% 2 40 122%
92065 - RAMONA 90% 79% $75,500 -41% 1 136 70%
92067 - RANCHO SANTA FE 10% - $760,000 - 1 121 -
92068 - SAN LUIS REY - - - - 0 - -
92069 - SAN MARCOS 83% 77% $116,500 -17% 8 42 -8%
92075 - SOLANA BEACH 11% 14% $700,600 14% 8 39 225%
92078 - SAN MARCOS 45% 54% $307,500 27% 18 101 124%
92081 - VISTA 48% 58% $292,450 30% 2 17 143%
92082 - VALLEY CENTER - - - - 0 - -
92083 - VISTA 62% 80% $213,500 69% 8 30 30%
92084 - VISTA 73% 79% $166,450 30% 6 14 100%
92091 - RANCHO SANTA FE 20% - $550,000 - 1 88 -51%
92127 - RANCHO BERNARDO 55% 58% $245,000 9% 14 78 239%
92128 - RANCHO BERNARDO 48% 50% $287,500 7% 37 46 59%
92129 - RANCHO
PENASQUITOS 62% 66% $212,000 12% 17 34 42%
92130 - CARMEL VALLEY 30% 27% $419,000 -3% 10 32 25%

6 of 7
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.
North San Diego County HomeDexTM
April 2010 Summary Report
Single-Family Attached Homes

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, which in North County during April 2010 required an annual
income of $52,164 for the median-priced SFA home – an amount earned by 56 percent of San Diego
County households.
4
Monthly median prices and HomeDexTM numbers 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.
5
March 2010 total SFA sales were $88,907,677 and $68,605,542 in April 2009 for North San Diego
County.
6
See footnote 3.

7 of 7
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.
North San Diego County HomeDexTM
Foreclosure Activity Report – Ending April 2010

Number of Pre- % Chg. from % Chg. from


Foreclosure Pre-Foreclosures Number of Bank- Bank-Owned
1 ending March
North San Diego County Zip Properties ending ending March Owned ending
Codes April 2010 2010 April 2010 2010
92003 - BONSALL 29 -9.38% 49 -2.00%
92007 - CARDIFF 23 9.52% 11 -15.38%
92008 - CARLSBAD 47 -6.00% 48 17.07%
92009 - CARLSBAD 142 -5.33% 89 8.54%
92010 - CARLSBAD 42 -12.50% 73 1.39%
92011 - CARLSBAD 38 -19.15% 28 0.00%
92014 - DEL MAR 30 25.00% 13 8.33%
92024 - ENCINITAS 106 -7.02% 65 -2.99%
92025 - ESCONDIDO 134 -3.60% 226 -6.61%
92026 - ESCONDIDO 186 -8.37% 185 -5.61%
92027 - ESCONDIDO 211 -15.94% 182 -2.67%
92028 - FALLBROOK 224 -3.45% 175 3.55%
92029 - ESCONDIDO 61 1.67% 41 -18.00%
92054 - OCEANSIDE 116 -9.38% 110 1.85%
92056 - OCEANSIDE 205 -4.65% 154 -4.35%
92057 - OCEANSIDE 262 -8.07% 200 -0.99%
92059 - PALA 6 0.00% 5 25.00%
92061 - PAUMA VALLEY 6 -33.33% 14 27.27%
92064 - POWAY 132 1.54% 74 10.45%
92065 - RAMONA 134 -13.55% 145 -0.68%
92067 - RANCHO SANTA FE 11 -35.29% 23 0.00%
92068 - SAN LUIS REY 0 - 0 -
92069 - SAN MARCOS 192 -4.00% 146 8.15%
92075 - SOLANA BEACH 29 -17.14% 35 6.06%
92078 - SAN MARCOS 174 -0.57% 101 -2.88%
92081 - VISTA 91 -4.21% 57 -3.39%
92082 - VALLEY CENTER 76 -8.43% 104 2.97%
92083 - VISTA 140 -11.39% 116 0.87%
92084 - VISTA 143 4.38% 123 -6.82%
92091 - RANCHO SANTA FE 7 16.67% 4 33.33%
92127 - RANCHO
BERNARDO 132 -8.33% 94 2.17%
92128 - RANCHO
BERNARDO 129 4.88% 83 7.79%
92129 - RANCHO
PENASQUITOS 134 0.75% 61 -12.86%
92130 - CARMEL VALLEY 95 5.56% 58 13.73%
TOTALS 3,487 -5.63% 2,892 -0.38%

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
rbrown@csusm.edu or 760-750-4196; or Lynn Sullivan, NSDCAR Communications Director: lynn@nsdcar.com or
760-734-3976.
North San Diego County HomeDexTM
Foreclosure Activity Report – Ending April 2010

"Foreclosures" refers to the number of unique addresses in some stage of


foreclosure i

n
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.

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
rbrown@csusm.edu or 760-750-4196; or Lynn Sullivan, NSDCAR Communications Director: lynn@nsdcar.com or
760-734-3976.
Vista Administrative Offices &
Service Center
906 Sycamore Ave., Suite 104
Vista, CA 92081
Phone: (760) 734-3971
Fax: (760) 734-3976

Escondido Service Center Carsbad Service Center


1802 S. Escondido Blvd., Suite E 6183 Paseo Del Norte, Ste. 150
Escondido, CA 92025 Carlsbad, CA 92009
Phone: (760) 745-2299 Phone: (760) 929-2100
Fax: (760) 745-3842 Fax: (760) 929-2115

Carmel Valley Service Center Fallbrook Service Center


12707 High Bluff Drive, Suite 125 126 West Beech
San Diego, CA 92130 Fallbrook, CA 92028
Phone: (858) 350-1600 Phone: (760) 728-5811
Fax: (858) 350-0380 Fax: (760) 728-0646

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