Below are the monthly indicators for the HomeDex North County home market activity for both attached and detached homes:

If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the year. A trend of market balance is emerging as we approach the end of 2018. Prices are still rising in most areas including North County, and the number of homes for sale is still low, but there is a general shrinking of year-over-year percentage change gaps in sales, inventory and prices.

Closed Sales decreased 15.6 percent for Detached homes and 15.3 percent for Attached homes. Pending Sales decreased 3.5 percent for Detached homes but increased 1.9 percent for Attached homes. The Median Sales Price was up 5.1 percent to $715,000 for Detached homes and 13.3 percent to $465,000 for Attached homes.

Days on Market increased 8.3 percent for Detached homes and 15.4 percent for Attached homes in North County. Supply increased 40.9 percent for Detached homes and 40.0 percent for Attached homes. Stock markets experienced an October setback, but that does not necessarily translate to a decline in the real estate market.

The national unemployment rate has been below 4.0 percent for three straight months and during five of the last six months. This is exceptional news for industries related to real estate. Meanwhile, homebuilder confidence remains positive, homeownership rates have increased in the key under-35 buyer group and prices, though still rising, have widely reduced the march toward record highs.

Information from: North San Diego County Association of Realtors.

The housing market continues to stay competitive according to the latest HomeDex Report for North County San Diego attached and detached homes:

Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong.

Given the fact that gradually rising mortgage rates often infuse urgency to get into a new home before it costs more later, buyers need to remain watchful of new listings and make their offers quickly.

Closed Sales decreased 18.4 percent for Detached homes and 17.0 percent for Attached homes. Pending Sales decreased 5.9 percent for Detached homes and 3.4 percent for Attached homes.

The Median Sales Price was up 4.0 percent to $728,000 for Detached homes and 10.0 percent to $480,000 for Attached homes. Days on Market decreased 7.1 percent for Detached homes and 19.0 percent for Attached homes.

Supply increased 8.3 percent for Detached homes and 14.3 percent for Attached homes.

Although home sales may actually drop in year-over-year comparisons over the next few months, that has more to do with low inventory than a lack of buyer interest. As lower days on market and higher prices persist year after year, one might rationally expect a change in the outlook for residential real estate, yet the current situation has proven to be remarkably sustainable likely due to stronger fundamentals in home loan approvals than were in place a decade ago.

Want to find out more about the HomeDex Report for your home? Call The Lawhead Team!

The Lawhead Team would like to share the latest HomeDex Report for median sales prices for detached single-family homes in Cardiff, Carlsbad, Aviara, and Encinitas.

Median Sale Price – Detached Single-Family 

Rolling 12-Month Calculation

• 92024 Encinitas —
• North San Diego County —

(click photo for larger view)

• 92011 Carlsbad —
• North San Diego County —

(click photo for larger view)

• 92009 Carlsbad —
• North San Diego County —

(click photo for larger view)

• 92007 Cardiff —
• North San Diego County —

(click photo for larger view)

Source: North San Diego County Association of REALTORS

The Lawhead Team invites you to a FREE Paper Shredding Event to turn those documents into indiscernible bits of paper!

Stop by the office located at 740 Garden View Court, Suite 100 Encinitas, CA on November 14th from 10Am-1PM. Click here for directions.

A professional shredding company will be here to shred all your private documents and old tax returns for FREE!!

Brought to you by Coldwell Banker Encinitas/La Costa

The Lawhead Team would like to share the latest stats from the California Association of Realtors® “HomeDex” Report for North San Diego County:

• The median price for all North County home sales – attached and detached – decreased to $508,250 in October 2014 compared to $513,500 in September 2014.
• Detached homes in North County decreased by 5.83 percent to $565,000 in October 2014 compared to $600,000 in September 2014. Year-over median price for SFD homes in North San Diego County decreased 0.88 percent, compared to $570,000 in October 2013, countering 26-months of year-over median price increases.
• Detached home prices OUTSIDE North County decreased 0.98 percent to $462,500 in October 2014 compared to $467,000 reported in September 2014. Year-over non-North County median price increased 6.32 percent compared to $435,000 in October 2013, continuing 31-months of year-over median price increases.
• Attached home prices in North County increased by three percent to $386,250 in October 2014 compared to $381,100 in September 2014. Year-over SFA North San Diego County median price jumped 22.13 percent, compared to $316,250 in October 2013, continuing 33 straight months of year over price increases.
• Non-North County attached home prices decreased 2.5 percent to $312,000 in October 2014 compared to $320,000 in September 2014. Year-over non-North County SFA median price increased 9.47 percent, compared to 285,000 in October 2013.
• The number of North San Diego SFD listings (active and contingent) decreased 5.25 percent in October 2014 compared to September 2014, and jumped 19.35 percent year-over compared to October 2013.
• The number of sold North San Diego County SFD units increased 8.29 percent in October 2014 compared to September 2014. Year-over sold SFD units decreased 1.18 percent compared to October 2013.
• Median days-on-market for single-family detached homes sold in North County increased to 34 days in October 2014 compared to 27 days in September 2014.
• The HomeDex affordability percentage for all homes in North San Diego County – attached and detached – remained at 32 percent in October 2014.

The Lawhead Team came across this article from NBC San Diego stating that San Diego is the 5^th priciest housing market in the nation! Check out the article:

Tuesday, Aug 19, 2014 • Updated at 4:05 PM PDT

San Diego Has 5th Priciest Housing Market in Nation

In case you needed a reminder: The sunshine tax is very real.

San Diego was ranked as having the fifth priciest housing market in America, according to the National Association of Realtor’s latest report.

Of the top five most expensive housing markets, four are in California.

“It’s not a surprise because California has remained at the epicenter of the residential real estate boom this year, with prices now well above the levels of the last few years,” Jamie Duran, president of the Coldwell Banker Residential Brokerage San Diego, Orange County and Desert Region, said in a news release.

The report looks at the median single-family price for homes in cities in the United States over the second quarter of 2014. San Diego’s median price was $504,200, the report showed.

The most expensive housing market is San Jose, where the median home price was $899,500, followed by San Francisco ($769,600) and Anaheim-Santa Ana ($691,900).

Statewide, home prices were up 6.6 percent from June of last year, according to the California Association of Realtors.

The good news for buyers: Interest rates remain low and prices appear to be stabilizing, according to the news release.

Read entire article from NBC San Diego about San Diego‘s housing market: http://www.nbcsandiego.com/news/local/San-Diego-Has-Fifth-Most-Pricey-Housing-Market-in-Nation-271921491.html

The Lawhead Team would like to share the latest key points from the California Association of Realtors HomeDex Report for housing in North San Diego.

Thinking of buying and/or selling your home in North San Diego County or know someone who is? Contact The Lawhead Team, “Because Two Lawheads Are Better Than One.”

• The median price for all North County home sales – attached and detached – increased to $535,000 in June 2014 compared to $510,000 in May 2014.
• Detached housing in North County jumped 8.8 percent to $612,000 in June 2014 (the highest median price reported since September 2007), compared to $562,500 in May 2014. Year over median price for SFD homes in North San Diego County increased 8.32 percent, compared to $565,000 in June 2013, the 23^rd consecutive month of year-over median price increases.
• Detached home prices OUTSIDE North County increased 3.77 percent to $474,750 in June 2014 compared to $457,500 reported in May 2014. Year-over non-North County median price increased 10.47 percent compared to $429,750 in June 2013, continuing 27-months of year-over median price increases.
• Attached housing prices in North County increased 4.74 percent to $398,500 in June 2014 compared to $380,450 in May 2014. Year-over SFA North San Diego County median price jumped 19.51 percent, compared to $333,450 in June 2013, the 29th straight month of year over price increases.
• Non-North County attached housing prices increased 2.58 percent to $318,000 in June 2014 compared to $310,000 in May 2014. Year-over non-North County SFA median price increased 11.58 percent, compared to 285,000 in June 2013.
• The number of North San Diego SFD listings (active and contingent) increased 10.86 percent in June 2014 compared to May 2014, and increased 34.31 percent year-over compared to June 2013.
• The number of sold North San Diego County SFD units increased 2.77 percent in June 2014 compared to May 2014. Year-over sold SFD units decreased 8.47 percent compared to June 2013.
• Median days-on-market for single-family detached homes sold in North County decreased to 18 days in June 2014 compared to 19 days in May 2014.
• The HomeDex affordability percentage for all housing in North San Diego County – attached and detached – decreased to 29 percent in June 2014 compared to 31 percent in May 2014.

This information is from the HomeDex Report by the California Association of Realtors.

Here are some of the recent stats of the market share by brand in San Diego…note Coldwell Banker is at the top!

The market share in San Diego for homes sold from January 2014 until the end of May 2014.

Way to go Coldwell Banker!

Here are the details:

The Lawhead Team would like to share the latest key points in North San Diego’s housing from the North San Diego County Association of Realtors® HomeDex Report.

• The median price for all North San Diego County home sales – attached and detached – increased to $493,750 in April 2014 compared to $485,000 in March 2014.
• Detached homes in North County rose 2.7 percent to $571,000 in April 2014 compared to $556,000 in March 2014. Year-over median price for SFD homes in North San Diego County increased 6.73 percent, compared to $535,000 in April 2013, continuing 21 straight months of sustained year-over median price increases.
• Detached home prices OUTSIDE North County remained steady at $450,000 in April 2014 compared to March 2014. Year-over non-North County median price increased 12.5 percent compared to $400,000 in April 2013, the 25 month of year over median price increases.
• Attached home prices in North County jumped 15.39 percent to $372,500 in April 2014 compared to $322,813 in March 2014. Year-over SFA North San Diego County median price jumped 12.88 percent, compared to $330,000 in April 2013, the 28th straight month of year over price increases.
• Non-North County attached home prices increased 9.24 percent to $317,500 in April 2014 compared to $290,650 in March 2014. Year-over non-North County SFA median price jumped 19.81 percent, compared to 265,000 in April 2013.
• The number of North San Diego SFD listings (active and contingent) increased 10.15 percent in April 2014 compared to March 2014, and jumped 22.82 percent year-over compared to April 2013.
• The number of sold North San Diego County SFD units increased 12.94 percent in April 2014 compared to March 2014. Year-over sold SFD units declined 10.56 percent compared to April 2013.
• Median days-on-market for single-family detached homes sold in North County increased to 27 days in April 2014 compared to 22 days in March 2014.
• The HomeDex affordability percentage for all homes in North San Diego County – attached and detached – decreased to 32 percent in April 2014.

If you are looking to buy and sell a home in North San Diego County, check out the latest in prices for homes in that area:

• The median price for all North County home sales – attached and detached – increased to $485,000 in March 2014 compared to $475,000 in February 2014.
• Detached homes in North County decreased 1.51 percent to $556,000 in March 2014 compared to $564,000 in February 2014. Year-over median prices for SFD homes in North San Diego County increased 5.9 percent, compared to $525,000 in March 2013, continuing a 20-month trend of sustained year-over median price increases.
• Detached home prices OUTSIDE North County increased 4.9 percent to $450,000 in March 2014 compared to $429,000 reported in February 2014. Year-over non-North County median price increased 13.92 percent compared to $395,000 in March 2013, continuing a 24-month trend of year-over median price increases.
• Attached home prices in North County increased 0.54 percent to $322,813 in March 2014 compared to $321,083 in February 2014. Year-over SFA North San Diego County median price increased 1.83 percent, compared to $317,000 in March 2013, the 27th straight month of year over price increases.
• Non-North County attached home prices fell 1.47 percent to $290,650 in March 2014 compared to $295,000 in February 2014. Year-over non-North County SFA median price increased 9.68 percent, compared to 265,000 in March 2013.
• The number of North San Diego SFD listings (active and contingent) increased 8.6 percent in March 2014 compared to February 2014, and increased 12.35 percent year-over compared to March 2013.
• The number of sold North San Diego County SFD units increased 37.1 percent in March 2014 compared to February 2014. Year-over sold SFD units fell 13.66 percent compared to March 2013.
• Median days-on-market for single-family detached homes sold in North County fell to 22 days in March 2014 compared to 33 days in February 2014.
• The HomeDex affordability percentage for all homes in North San Diego County – attached and detached – remained at 33 percent in March 2014.