June Stats
Tuesday, July 1, 2008 at 01:40AM
Jim the Realtor in Sales and Price Check

The June numbers are trickling in. There will be the late-reporters that usually add 5% to 10% to the totals, but you get the idea. The financing for houses above $800,000 is harder to find, and more expensive as a result. How is the higher-end detached market being affected? Categories are Current Active Listings, New Listings in June, New Pendings in June, and June Closings (ranked by # of closings):

Detached Homes $800,000 and Above, June 2008

Town or Area   Zip Code   Actives   New List   New Pend   Closings
Carmel Vly 92130 150 32 31 23
Carlsbad SE 92009 129 21 13 18
4S/Santaluz 92127 147 26 13 13
La Jolla 92037 204 32 17 11
Poway 92064 73 9 5 11
RSF 92067 225 14 10 10
Del Mar 92014 104 21 5 8
Carlsbad SW 92011 92 18 9 7
Encinitas 92024 124 24 13 6
Solana Bch 92075 51 10 2 4
Carlsbad NW 92008 50 5 1 3
PB/MB 92019 69 13 4 2

Here's how they compared to the 2007 numbers (beware of small data sets):

Town or Area   Zip Code   June Closings 07/08   Avg.$persf 07/08
Carmel Vly 92130
44/23
$399/$372
Carlsbad SE 92009
29/18
$313/$285
4S/Santaluz 92127
18/13
$315/$350
La Jolla 92037
36/11
$853/$696
Poway 92064
22/11
$340/$319
RSF 92067
19/10
$548/$525
Del Mar 92014
19/8
$679/$433
Carlsbad SW 92011
20/7
$325/$353
Encinitas 92024
24/6
$532/$433
Solana Bch 92075
9/4
$518/$643
Carlsbad NW 92008
6/3
$449/$289
PB/MB 92109
20/2
$660/$463
Total Above
266/116

I wouldn't put too much stock in the average $/sf changes due to small data sets, but the comparison of closed sales is revealing - big hits in every area. The Y-O-Y change in the total number of sales is -56%so far - once the late-reporters check in, it'll probably get down to 40% to 50%.

Article originally appeared on bubbleinfo.com (http://www.bubbleinfo.com/).
See website for complete article licensing information.