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NSDCAR

MEMBER
BENEFIT!

North San Diego County


TM
HomeDex
North County
January 2010 REPORT
December 2009 Statistics

North San Diego County


Association of REALTORS®
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®, 2009. 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®.
01/12/09
North San Diego County HomeDexTM
December 2009 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 – remained at $370,000 in December 2009.1

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


County decreased 0.6 percent to $436,000 in December 2009 from $436,250 in
November 2009. The SFD median price in Non-North County zip codes rose
0.89 percent to $353,000 in December 2009 from $349,900 in November 2009.

• Year-over median SFD price in North San Diego County increased 16.19 percent
from $375,250 in December 2008, continuing a trend of rising year-over prices
from August 2009 following 22 months of price declines. Year-over median
price rose 5.37 percent in Non-North County from $335,000 in November 2008,
the third straight month of year-over increases.

• The countywide median SFD price increased 1.6 percent to $385,000 in


December 2009 from $378,950 in November 2009, and increased ten percent
year-over from December 2008 – this was the fourth month of year-over price
increases county-wide.

• The overall median price for single-family detached homes was $414,000 in
2009, compared to $454,000 in 2008.

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 9
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
December 2009 Summary Report
Single-Family Detached Homes

• The median days-on-market for North San Diego County SFD homes increased
from 35 days in November 2009 to 38 in December 2009. The average number of
days-on-market remained at 69 in December 2009.2

• The SFD median price-per-square foot increased from $214 in November 2009 to
$216 in December 2009, up 10.98 percent year-over from $194 in December
2008. This follows a nine percent year-over increase November 2009, which was
preceded by over two years of price declines (year-over declines ranged from 10
percent and 25 percent between December 2007 and July 2009, and 0.4 percent to
6 percent between August 2009 and October 2009.)

North San Diego County


Median Price per Square Foot
Single-Family Detached Homes

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2 of 9
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
December 2009 Summary Report
Single-Family Detached Homes

• There were 3,262 (active and contingent) SFD listings in North San Diego County
ending December 2009, down nine percent from November 2009 and down 23
percent from November 2008. Active listings decreased by more than 20 percent
year-over during each month of the last quarter of 2009.

• There were 6,937 (active and contingent) listings in San Diego County ending
December 2009, a decrease of 18.55 percent from December 2008.

• The number of North San Diego County SFD units sold increased 28.8 percent
from 632 in November 2009 to 814 in December 2009, and was up 17.46 percent
year-over from December 2008. This continues a general trend of year-over
increases in sold units since mid-2008.

• Total sales volume increased 27 percent year-over in December 2009 for the
second straight month, countering a trend of year-over declines throughout 2009.

Number of Single-Family Detached Homes Sold by Price Range

December 2009 December 2008 December 2007

250

200

150

100

50

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<$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 9
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
December 2009 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 was $2,365 in
December 2009 (based on a conventional mortgage.) The monthly payment for
the median-priced SFD home in Non-North San Diego County increased to $1,915
in December 2009 from $1,897 in November 2009.

• The percent of San Diego County households that could afford the median-priced
SFD home in North County remained at 28 percent in December 2009 for the
third straight month, according to the North San Diego County HomeDexTM,
down from the peak of 34 percent in February-March 2009. The affordability
percentage fell slightly to 37 percent in Non-North County from 38 percent in
November 2009.3 The HomeDexTM affordability percentage was 29 percent in
North County and 34 percent in Non-North San Diego County zip codes in
December 2008.

• The HomeDexTM affordability percentage for all homes in North San Diego
County – single-family detached and single-family attached together – was 35
percent in December 2009.

Home Affordability Percentage


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

50%
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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
December 2009 Summary Report
Single-Family Detached Homes
Single-Family Detached Home Prices and Affordability by North County Zip Codes4
• Rancho Santa Fe (92067, 92067) reported the highest median SFD prices at over
two million dollars followed by Del Mar (92014) at $1.2 million, Solana Beach
(92075) at $982,500, Carmel Valley (92130) at $894,275, and Cardiff (92007) at
$862,500.

• Rancho Bernardo (92127), Carlsbad (92011), and Encinitas (92024) had median
prices between $720,000 and $767,500 with Carlsbad (92009) at $675,000.
Rancho Bernardo (92128), Carlsbad (92008, 92010), Rancho Penasquitos
(92129), Escondido (92029), and San Marcos (92078) reported median prices
ranging between $500,000 and $590,000 with Poway (92064) and Valley Center
(92082) in the $420,000s.

• Vista (92081, 92084), San Marcos (92069), Escondido (92026), Ramona (92065),
Fallbrook (92028), Bonsall (92003), and Oceanside (92054, 92056) reported
median SFD prices between $315,000 and $394,000 with Escondido (92025,
92027), Oceanside (92057), and Vista (92083) between $200,000 and $300,000
followed by Pala (2059) at $148,000.

North San Diego County


Single-Family Detached
Homes
December 2009

$3,000,000
$2,800,000
$2,600,000
$2,400,000
$2,200,000
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
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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
December 2009 Summary Report
Single-Family Detached Homes

• Rancho Santa Fe (92067, 92091), Del Mar (92014), Cardiff (92007), Carmel
Valley (92130), Rancho Bernardo (92127), and Solana Beach (92075) were the
least affordable areas in North San Diego County with less than ten percent of
county households able to afford the median-priced home. Carlsbad (92008,
92009, 92011) and Encinitas (92007) reported affordability percentages between
10 percent and 17 percent. Rancho Bernardo (92128), Poway (92064), Carlsbad
(92010), San Marcos (92078), Valley Center (92082), and Rancho Penasquitos
(92129) had affordability percentages between 20 percent and 29 percent.
Bonsall (92003), Oceanside (92054), Vista (92081, 92084) and San Marcos
(92069) reported affordability percentages between 33 and 36 percent.5

• Oceanside (92056, 92057), Fallbrook (92028), Ramona (92065), and Escondido


(92025, 92026) had affordability percentages between 41 and 47 percent with
Escondido (92027) at 52 percent, Vista (92083) at 64 percent, and Pala (92059) at
76 percent.

North San Diego County


Housing Affordability Percentages by Zip Code
Single-Family Detached Homes
December 2009
80%

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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
December 2009 Summary Report
Single-Family Detached Homes

North San Diego County Housing Characteristics


Single-Family Detached Homes
December 2009
Median Price $436,000
Average Price $559,271
Median Price per Square Foot $216
Lowest-Priced Home Sold $250
Highest-Priced Home Sold $6,200,000

Number Units Sold 814


Total Sales6 $455,246,569
Median Days on Market 38

Median Square Feet 1,982


Median Number of Bedrooms 4
Median Number of Baths 3
Median Lot Size (sq. feet) 8,700
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
December 2008 $375,000 $335,000 29% 34%
January 2009 $361,250 $310,000 29% 36%
February 2009 $364,900 $320,000 34% 40%
March 2009 $364,000 $305,000 34% 43%
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%

7 of 9
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
December 2009 Summary Report
Single-Family Detached Homes
Median Median
Dec. Dec. Dec. Days on Days on
2009 2008 Dec. 2009 % Price 2009 Market Market %
North San Diego County Zip Afford- Afford- Median Chg. From Sold Dec. Chg. from
Codes ability7 ability Price Dec. 2008 Listings 2009 Dec. 2009
92003 - BONSALL 34% 5% $377,500 -59% 8 45 -39%
92007 - CARDIFF 8% 15% $862,500 58% 9 33 -71%
92008 - CARLSBAD 17% 14% $589,500 4% 10 28 -68%
92009 - CARLSBAD 11% 9% $675,000 0% 33 36 85%
92010 - CARLSBAD 20% 14% $535,000 -3% 7 62 114%
92011 - CARLSBAD 10% 6% $749,500 -10% 18 64 -2%
92014 - DEL MAR 4% 6% $1,214,000 45% 14 94 5%
92024 - ENCINITAS 10% 9% $720,000 11% 30 48 -30%
92025 - ESCONDIDO 46% 55% $298,000 39% 26 34 -1%
92026 - ESCONDIDO 41% 45% $326,950 23% 46 29 6%
92027 - ESCONDIDO 52% 51% $262,175 12% 48 20 -5%
92028 - FALLBROOK 42% 38% $322,500 6% 34 52 32%
92029 - ESCONDIDO 22% 26% $500,000 26% 7 81 57%
92054 - OCEANSIDE 33% 37% $393,600 27% 22 16 -27%
92056 - OCEANSIDE 42% 34% $325,000 -2% 37 25 32%
92057 - OCEANSIDE 47% 35% $289,300 -11% 58 39 42%
92059 - PALA 76% 43% $148,000 -47% 1 14 -73%
92061 - PAUMA VALLEY - - - - 0 - -
92064 - POWAY 29% 20% $425,000 -9% 18 61 69%
92065 - RAMONA 43% 32% $315,000 -10% 31 60 -24%
92067 - RANCHO SANTA FE 1% 0% $2,284,166 -1% 10 85 34%
92068 - SAN LUIS REY - - - - 0 - -
92069 - SAN MARCOS 36% 33% $361,000 6% 33 18 -16%
92075 - SOLANA BEACH 6% 3% $982,500 -30% 12 103 -29%
92078 - SAN MARCOS 20% 18% $532,500 6% 38 39 111%
92081 - VISTA 36% 33% $364,750 6% 30 26 -6%
92082 - VALLEY CENTER 29% 28% $422,500 11% 20 60 -33%
92083 - VISTA 64% 50% $200,000 -16% 27 32 3%
92084 - VISTA 34% 34% $379,000 13% 35 33 14%
92091 - RANCHO SANTA FE 0% 0% $2,900,000 -6% 2 46 -73%
92127 - RANCHO BERNARDO 9% 8% $767,500 1% 36 37 38%
92128 - RANCHO BERNARDO 21% 21% $529,000 16% 39 41 37%
92129 - RANCHO
PENASQUITOS 21% 11% $524,500 -13% 32 44 -6%
92130 - CARMEL VALLEY 7% 5% $894,275 -6% 43 52 -6%

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


foreclosure in

8 of 9
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
December 2009 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 December 2009 required an annual income of $94,613 for the
median-priced SFD home – an amount earned by 28 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
HomeDexTM affordability percentages show the percent of San Diego County households that can “afford” the
median-priced SFD home in a particular zip code, assuming homeowners place 20 percent down and spend no more
than a third of their income on housing given prevailing monthly interest rates.
6
Total SFD sales in North County were $355,470,037 in November 2009 and $346,904,720 in December 2008.
7
Percent of San Diego County households that can “afford” the median-priced home in a particular zip code – see
footnotes 3 and 5.

9 of 9
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
December 2009 Summary Report
Single-Family Attached Homes
Single-Family Attached Home Prices

• North San Diego County median-priced single-family attached (SFA) home fell
5.45 percent to $238,750 in December 2009 from $252,500 in November 2009.
The Non-North San Diego County SFA home median price declined 4.76 percent
to $200,000 in December 2009 from $210,000 in November 2009.1

• North San Diego County SFA median prices increased 13.69 percent year-over
from $210,000 in December 2008 continuing a five-month trend of year-over
price increases, the last three of which increased over 10 percent. This trend
counters 24 months of year-over declines.

• Non-North County median SFA prices rose 2.56 percent year-over from $195,000
in December 2008.

• The county-wide SFA home median price fell 4.23 percent to $215,000 in
December 2009 from $224,500 in November 2009, and increased year-over 7.5
percent from December 2008.

• The median number of days-on-market for North County SFA homes sold
remained at 33 in December 2009. The average number of days-on-market
declined to 65 in December 2009 from 67 in November 2009.2

Median Prices
North San Diego County
Single-Family Attached Homes

North San Diego County Non-North San Diego County

$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
em t 9
em t 8

N ct o r 2 9
N ct o r 2 8
D em er 2 08
em r 08
Fe nua r 20 8

D em er 2 09
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A
ec
D

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; 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
December 2009 Summary Report
Single-Family Attached Homes

• The number of sold SFA units increased 10.34 percent in December 2009 from
November 2009 across North San Diego County, and increased 15.15 percent in
Non-North County. Year-over sales increased 15.52 percent in North County and
5.34 percent in Non-North County from December 2008. This continues a
general trend of increased year-over sales in North County since mid-2008.

• There were 1,207 SFA listings (active and contingent) in North San Diego County
ending December 2009, compared to 1,276 in November 2009. San Diego
County (active and contingent) SFA listings were at 3,988 at the end of December
2009 compared to 4,347 in November 2009. North County SFA active listings
were down 16 percent year-over, compared to 35 percent county-wide.

North San Diego County


Single-Family Attached Homes Sold by Price Range
December 2009 December 2008 December 2007

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 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; 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
December 2009 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
$1,295 in December 2009 from $1,369 in November 2009. The monthly payment
for the median-priced SFA home in Non-North San Diego County zip codes
decreased to $1,058 in December 2009 from $1,100 in November 2009.

• SFA affordability increased slightly to 56 percent of San Diego County


households able to afford the median-priced SFA home in North San Diego
County in December 2009, compared to 52 percent in November 2009, and down
from the peak of 67 percent in February 2009.3 The single-family attached home
affordability level for Non-North San Diego County zip codes climbed to 65
percent in December 2009 from 62 percent in November 2009.

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


North San Diego County in December 2008, and 59 percent 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%
ec er 9
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ov ber 9
Fe ary 08

il 9
N obe 08
Fe ry 07

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ay 9

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9
ay 8

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O er 8

Ja er 8

9
Se ugu 008
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09

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0
0

A 200
A 200

0
M 00
M 00

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00
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Ju 00
Ju 200

em 20
em r 20

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20

em 20
20

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M y 20
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2
A ly 2

r2
2

2
A ly 2

2
2
2

2
ch
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Ja er

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pt st

pr
pr
b

b
b
a

ar

o
em

ct
ct
M

br
br
ec

ov

D
D
D

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; 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
December 2009 Summary Report
Single-Family Attached Homes
Single-Family Attached Home Prices and Affordability by North County Zip Codes4

• Cardiff (92007) reported the high median SFA home price at $732,500 followed
by Rancho Santa Fe (92091) at $560,000 and Solana Beach (92075) at $522,000
with Carlsbad (92008), Encinitas (92024), and Del Mar (92014) in the high
$400,000s.

• Carmel Valley (92130), Carlsbad (92009, 92011), and Poway (92064) reported
median SFA prices between $320,000 and $399,900. Vista (92081), San Marcos
(92078), Oceanside (92054), Rancho Bernardo (92127, 92128), Carlsbad (92010),
and Rancho Penasquitos ( 92129) reported median prices ranging between
$235,000 and $285,000. San Marcos (92069), Bonsall (92003), Oceanside
(92056, 92057), Vista (92083, 92084), Ramona (92065), and Escondido (92025,
92026, 92029) had median SFA home prices between $102,000 and $172,000.
Escondido (92027) and Fallbrook (92028) had the lowest median SFA prices.

North San Diego County


December 2009 Median Prices
Single-Family Attached Homes
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
Y
EY

A
A

A
FE

K
SA EA

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S
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92

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92
92

92

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; 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
December 2009 Summary Report
Single-Family Attached Homes

• Rancho Santa Fe (92067) and Cardiff (92007) reported the lowest level of SFA
affordability with under 20 percent of county households able to afford the
median-priced SFA home followed by Solana Beach (92075), Del Mar (921014),
Carlsbad (92009), and Encinitas (92024) between 21 percent and 26 percent with
Carmel Valley (92130) at 32 percent and Carlsbad (92011) at 33 percent.

• Rancho Bernardo (92127, 92128), Carlsbad (92010), Vista (92081), and Rancho
Penasquitos (92129) reported affordability percentages between 51 percent and 57
percent with Oceanside (92056, 92057), Vista (92083,92084), Ramona (2065),
Escondido (92029), and San Marcos (92069) between 71 and 78 percent.5

• Bonsall (92003), Escondido (92025, 92026, 92027), and Fallbrook (92028) had
affordability percentages over 80 percent.

Housing Affordability
Percentages
North San Diego County
December 2009

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%
Y
FE

EY

K
A

- R S TA

A
S
CH
S A EA

D
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L
A
S

02 SCO DO

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E
S

E
CI D

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SC CO

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D
BE IST

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ID
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SB

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-V

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24 RLS

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A

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A

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81

4
CE

3
CE
-D

-B
SC
A
A

08
08
A
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4

92 AN

A
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0
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06
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92

92

92

A
4

5
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3
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92

00
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7
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7
00

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92

92
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05

05

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-S

02

02

02

02
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8

9
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92
A

92

92

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07

06
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92

92

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92

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13
1

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92
09

7
7

12

12
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9
92

92
92

92

5 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; 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
December 2009 Summary Report
Single-Family Attached Homes

North San Diego County Housing Characteristics


Single-Family Attached Homes
December 2009
Median Price $238,750
Average Price $272,424
Median Price per Square Foot $207
Lowest-Priced Home Sold $50,000
Highest-Priced Home Sold $1,310,000

Number Units Sold 320


Total Sales6 $87,175,718
Median Days on Market 33

Median Square Feet 1,151


Median Number of Bedrooms 2
Median Number of Baths 2
Median Age (years) of Homes Sold 23

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
December 2008 $210,000 $195,000 56% 59%
January 2009 $198,000 $190,000 59% 61%
February 2009 $181,000 $189,000 67% 65%
March 2009 $186,000 $170,000 66% 70%
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%

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; 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
December 2009 Summary Report
Single-Family Attached Homes

Median Median
Dec. Dec. Days on Days on
2009 2008 Dec. 2009 % Price Dec. 2009 Market Market %
North San Diego County Zip Afford- Afford- Median Chg. From Sold Dec. Chg. from
Codes ability7 ability Price Dec. 2008 Listings 2009 Nov. 2009
92003 - BONSALL 80% 64% $127,000 -28% 2 31 126%
92007 - CARDIFF 10% 26% $732,500 85% 4 91 13%
92008 - CARLSBAD 23% 15% $485,000 -12% 8 74 -
92009 - CARLSBAD 42% 46% $320,000 23% 19 33 12%
92010 - CARLSBAD 52% 34% $259,500 -23% 10 10 -5%
92011 - CARLSBAD 33% 27% $390,500 0% 6 32 -29%
92014 - DEL MAR 22% 8% $499,500 -33% 4 45 -49%
92024 - ENCINITAS 26% 36% $453,500 44% 10 31 -19%
92025 - ESCONDIDO 85% 79% $102,500 -11% 8 29 217%
92026 - ESCONDIDO 80% 78% $127,500 6% 17 32 -40%
92027 - ESCONDIDO 87% 78% $92,000 -23% 10 69 273%
92028 - FALLBROOK 89% - $83,000 - 1 16 -84%
92029 - ESCONDIDO 76% 72% $146,625 2% 2 136 282%
92054 - OCEANSIDE 49% 58% $283,000 41% 16 24 -63%
92056 - OCEANSIDE 71% 67% $172,000 4% 19 41 0%
92057 - OCEANSIDE 76% 75% $149,250 14% 20 43 110%
92059 - PALA - 56% - - 0 - -
92061 - PAUMA VALLEY - - - - 0 - -
92064 - POWAY 42% 30% $324,200 -12% 6 26 122%
92065 - RAMONA 71% 89% $168,750 141% 6 30 -51%
92067 - RANCHO SANTA FE - - - - 0 - -
92068 - SAN LUIS REY - - - - 0 - -
92069 - SAN MARCOS 78% 66% $135,000 -20% 15 33 -54%
92075 - SOLANA BEACH 21% 9% $522,000 -20% 6 128 80%
92078 - SAN MARCOS 48% 42% $285,000 1% 16 56 -42%
92081 - VISTA 53% 40% $255,000 -14% 5 80 36%
92082 - VALLEY CENTER - - - - 0 - -
92083 - VISTA 71% 74% $170,000 26% 9 21 -49%
92084 - VISTA 75% 71% $151,000 1% 4 20 18%
92091 - RANCHO SANTA FE 19% - $560,000 - 2 95 210%
92127 - RANCHO BERNARDO 56% 48% $240,000 -4% 25 36 64%
92128 - RANCHO BERNARDO 51% 46% $267,000 3% 30 39 285%
92129 - RANCHO
PENASQUITOS 57% 50% $235,000 -2% 17 19 322%
92130 - CARMEL VALLEY 32% 22% $399,900 -7% 23 18 38%

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; 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
December 2009 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 December 2009 required an annual
income of $51,809 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
HomeDexTM affordability percentage is the percent of San Diego County households that can “afford” the
median-priced SFA home in a particular zip code, assuming homeowners place 20 percent down and spend
no more than a third of their income on housing at the prevailing monthly interest rates.
6
November 2009 total SFA sales were $80,270,403 and $70,535,387 in December 2008 for North San
Diego County.
7
See footnote 3.

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; 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 December 2009

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


Foreclosure Pre-Foreclosures Owned Bank-Owned
1 ending
North San Diego County Zip Properties ending ending Properties ending
Codes December 2009 November 2009 December 2009 November 2009
92003 - BONSALL 40 29.03% 50 0.00%
92007 - CARDIFF 22 22.22% 10 -9.09%
92008 - CARLSBAD 73 8.96% 40 -11.11%
92009 - CARLSBAD 156 16.42% 97 5.43%
92010 - CARLSBAD 65 20.37% 67 1.52%
92011 - CARLSBAD 54 5.88% 21 40.00%
92014 - DEL MAR 27 -12.90% 10 -9.09%
92024 - ENCINITAS 118 7.27% 64 10.34%
92025 - ESCONDIDO 193 19.88% 237 -0.84%
92026 - ESCONDIDO 281 24.89% 195 -7.14%
92027 - ESCONDIDO 293 12.69% 171 3.64%
92028 - FALLBROOK 241 7.11% 179 11.88%
92029 - ESCONDIDO 74 23.33% 55 5.77%
92054 - OCEANSIDE 130 23.81% 94 -3.09%
92056 - OCEANSIDE 256 14.80% 142 0.00%
92057 - OCEANSIDE 362 11.04% 190 1.60%
92059 - PALA 3 0.00% 6 20.00%
92061 - PAUMA VALLEY 16 33.33% 10 11.11%
92064 - POWAY 141 0.00% 71 12.70%
92065 - RAMONA 181 14.56% 170 1.19%
92067 - RANCHO SANTA FE 16 23.08% 22 -12.00%
92068 - SAN LUIS REY 0 - 0 -
92069 - SAN MARCOS 224 23.76% 135 -0.74%
92075 - SOLANA BEACH 46 12.20% 32 14.29%
92078 - SAN MARCOS 182 -3.19% 87 8.75%
92081 - VISTA 103 13.19% 55 5.77%
92082 - VALLEY CENTER 113 18.95% 97 4.30%
92083 - VISTA 175 21.53% 114 -1.72%
92084 - VISTA 165 23.13% 133 1.53%
92091 - RANCHO SANTA FE 6 0.00% 4 33.33%
92127 - RANCHO
BERNARDO 166 3.11% 95 6.74%
92128 - RANCHO
BERNARDO 143 20.17% 85 7.59%
92129 - RANCHO
PENASQUITOS 132 0.00% 73 0.00%
92130 - CARMEL VALLEY 111 15.63% 40 11.11%
TOTALS 4,308 13.49% 2,851 2.33%

"Foreclosures" refers to the number of unique addresses

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 December 2009

in some stage of foreclosure in


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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