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NSDCAR

MEMBER
BENEFIT!

North San Diego County


TM
HomeDex
North County
February 2010 REPORT
January 2010 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®, 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
North San Diego County HomeDexTM
January 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 – fell from $370,000 in December 2009 to
$361,000 in January 2010.1

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


County fell 3.67 percent from $436,000 in December 2009 to $420,000 in January
2010, the second month of price declines. The SFD median price in Non-North
County zip codes decreased 4.53 percent from $353,000 in December 2009 to
$337,000 in January 2010.

• Year-over median SFD price in North San Diego County increased 16.26 percent
from $361,250 in January 2009, continuing a six-month trend of rising year-over
prices. Year-over median price rose 8.7 percent in Non-North County from
$310,000 in January 2009, the fourth straight month of year-over increases.

• The countywide median SFD price decreased 5.06 percent from $385,000 in
December 2009 to $365,500 in January 2010, but increased 11.53 percent year-
over from January 2009 for the fifth month of year-over price increases county-
wide.

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
January 2010 Summary Report
Single-Family Detached Homes

• The median days-on-market for North San Diego County SFD homes fell to 33
days in January 2010 from 38 in December 2009. The average number of days-
on-market decreased from 69 in December 2009 to 68 in January 2010.2

• The SFD median price-per-square foot decreased to $211 in January 2010 from
$216 in December 2009, with an increase of 9.51 percent year-over from $192 in
January 2009. This was the third month of year-over increases, following 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

$350

$300

$250

$200

$150

$100
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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
January 2010 Summary Report
Single-Family Detached Homes

• There were 3,548 (active and contingent) SFD listings in North San Diego County
ending January 2010, up 8.77 percent from December 2009 and down 17 percent
from January 2009.

• There were 7,541 (active and contingent) listings in San Diego County ending
January 2010, a decrease of 18.65 percent from January 2009.

• The number of North San Diego County SFD units sold decreased 39.43 percent
to 493 in January 2010 from 814 in December 2009, and declined 14.41 percent
year-over from January 2009. This was the largest year-over decline since March
2008.

• Total sales volume decreased 3.31 percent year-over in January 2010 following
two months of increases.

Number of Single-Family Detached Homes Sold by Price Range


January 2010 January 2009 January 2008

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
January 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 fell from $2,365 in
December 2009 (based on a conventional mortgage) to $2,262 in January 2010.
The monthly payment for the median-priced SFD home in Non-North San Diego
County decreased from $1,915 in December 2009 to $1,815 in January 2010.

• The percent of San Diego County households that could afford the median-priced
SFD home in North County rose from 28 percent in December 2009 to 30 percent
in January 201, the fourth straight month increase, according to the North San
Diego County HomeDexTM. The affordability percentage rose from 37 percent in
December 2009 in Non-North County to 40 percent in January 2010.3 The
HomeDexTM affordability percentage was 29 percent in North County and 36
percent in Non-North San Diego County zip codes in January 2009.

• The HomeDexTM affordability percentage for all homes in North San Diego
County – single-family detached and single-family attached together – was 37
percent in January 2010.

Home Affordability Percentage


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

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4 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
January 2010 Summary Report
Single-Family Detached Homes
Single-Family Detached Home Prices and Affordability by North County Zip Codes4
• Rancho Santa Fe (92067), Del Mar (92014), and Solana Beach (92075) reported
the highest median SFD prices at over one million dollars followed by Carmel
Valley (92130) at $810,000.

• Rancho Bernardo (92127), Carlsbad (92009, 92011), and Encinitas (92024) had
median prices between $722,000 and $767,500 with Carlsbad (92008), Rancho
Bernardo (92128), Cardiff (92007), Rancho Penasquitos (92129), and Escondido
(92029) having median prices ranging between $500,000 and $682,000.

• San Marcos (92078), Bonsall (92003), Valley Center (92082), Pala (92059), and
Carlsbad (92010) reported median prices between $438,000 and $470,000 with
Escondido (92025, 92026, 92027), Oceanside (92054, 92056, 92057), Ramona
(92065), Fallbrook (92028), Poway (92064), San Marcos (92069), and Vista
(92081, 92084) between $309,000 and $385,000 followed by Vista (92083) at
$246,000 and Escondido (92027) at $230,000.

North San Diego County


Single-Family Detached
Homes
January 2010

$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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5 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
January 2010 Summary Report
Single-Family Detached Homes

• Rancho Santa Fe (92067), Del Mar (92014), Encinitas (92024), 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 Escondido (92029) reported affordability percentages between 10
percent and 14 percent. Cardiff (92007) and Rancho Penasquitos (92129) had
affordability percentages of 18 percent and 19 percent.

• Rancho Bernardo (92128), Carlsbad (92010), San Marcos (92078), Bonsall


(92003), Valley Center (92082), and Pala (92059) had affordability percentages
between 23 percent and 28 percent. Poway (92064), Oceanside (92054, 92057),
and San Marcos (92069) reported affordability percentages between 34 and 39
percent.5

• Oceanside (92056), Fallbrook (92028), Ramona (92065), Vista (92081, 92084),


and Escondido (92025, 92026) had affordability percentages between 40 and 45
percent with Vista (92083) at 55 percent and Escondido (92027) at 58 percent.

North San Diego County


Housing Affordability Percentages by Zip Code
Single-Family Detached Homes
January 2010
60%

50%

40%

30%

20%

10%

0%

6 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
January 2010 Summary Report
Single-Family Detached Homes

North San Diego County Housing Characteristics


Single-Family Detached Homes
January 2010
Median Price $420,000
Average Price $561,431
Median Price per Square Foot $211
Lowest-Priced Home Sold $130,000
Highest-Priced Home Sold $7,800,000

Number Units Sold 493


Total Sales6 $276,785,704
Median Days on Market 33

Median Square Feet 1,951


Median Number of Bedrooms 4
Median Number of Baths 3
Median Lot Size (sq. feet) 9,555
Median Age (years) of Homes Sold 23

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
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%
January 2010 $420,000 $337,000 30% 40%

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
January 2010 Summary Report
Single-Family Detached Homes
Median Median
Jan. Jan. Jan. Days on Days on
2010 2009 Jan. 2010 % Price 2010 Market Market %
North San Diego County Zip Afford- Afford- Median Chg. From Sold Jan. Chg. from
Codes ability ability Price Jan. 2009 Listings 2010 Dec. 2009
92003 - BONSALL 25% 14% $468,318 -15% 2 248 451%
92007 - CARDIFF 18% 2% $577,000 -68% 3 20 -39%
92008 - CARLSBAD 11% 19% $682,500 47% 7 32 14%
92009 - CARLSBAD 10% 11% $722,500 20% 24 29 -19%
92010 - CARLSBAD 28% 21% $438,000 1% 3 15 -76%
92011 - CARLSBAD 10% 8% $747,500 7% 4 45 -30%
92014 - DEL MAR 5% 2% $1,050,500 -30% 6 98 4%
92024 - ENCINITAS 9% 9% $767,500 20% 20 21 -57%
92025 - ESCONDIDO 42% 54% $325,000 51% 10 15 -57%
92026 - ESCONDIDO 40% 39% $340,000 15% 32 15 -50%
92027 - ESCONDIDO 58% 52% $230,000 3% 31 21 5%
92028 - FALLBROOK 40% 33% $338,000 3% 32 27 -48%
92029 - ESCONDIDO 14% 36% $640,000 106% 7 63 -22%
92054 - OCEANSIDE 35% 34% $374,500 16% 6 24 50%
92056 - OCEANSIDE 40% 33% $340,250 3% 24 22 -14%
92057 - OCEANSIDE 35% 43% $376,625 40% 36 29 -26%
92058 - OCEANSIDE - - $350,000 - - - -
92059 - PALA 27% 56% $447,000 118% 1 145 -
92061 - PAUMA VALLEY - - - - 0 - -
92064 - POWAY 34% 15% $385,000 -27% 21 42 -31%
92065 - RAMONA 45% 38% $309,000 3% 24 27 -56%
92067 - RANCHO SANTA FE 2% 0% $1,814,000 -48% 9 118 39%
92068 - SAN LUIS REY - - - - 0 - -
92069 - SAN MARCOS 39% 37% $343,500 13% 22 27 47%
92075 - SOLANA BEACH 4% 4% $1,150,000 16% 9 120 17%
92078 - SAN MARCOS 25% 19% $470,000 1% 19 53 36%
92081 - VISTA 41% 25% $331,000 -16% 10 118 352%
92082 - VALLEY CENTER 27% 28% $450,000 21% 13 44 -27%
92083 - VISTA 55% 51% $246,000 7% 12 30 -6%
92084 - VISTA 40% 44% $336,944 27% 26 38 14%
92091 - RANCHO SANTA FE - - - - 0 - -
92127 - RANCHO BERNARDO 9% 8% $762,900 8% 21 24 -35%
92128 - RANCHO BERNARDO 23% 16% $500,000 -4% 17 44 7%
92129 - RANCHO
PENASQUITOS 19% 16% $567,500 11% 18 34 -24%
92130 - CARMEL VALLEY 9% 5% $810,000 -8% 24 37 -30%

"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
January 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 January 2010 required an annual income of $90,486 for the
median-priced SFD home – an amount earned by 30 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 $455,246,569 in December 2009 and $286,265,135 in January 2009.

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
January 2010 Summary Report
Single-Family Attached Homes
Single-Family Attached Home Prices

• The North San Diego County median-priced single-family attached (SFA) home
fell 5.76 percent from $238,750 in December 2009 to $225,000 in January 2010,
the second month of price declines. The Non-North San Diego County SFA
home median price remained at $200,000 in January 2010.1

• North San Diego County SFA median prices increased 13.64 percent year-over
from $198,000 in January 2009, the sixth month of year-over price increases after
24 months of year-over declines.

• The county-wide SFA home median price fell 1.86 percent from $215,000 in
December 2009 to $211,000 in January 2010, and increased 11.05 percent year-
over from January 2009.

• The median number of days-on-market for North County SFA homes sold rose
from 33 in December 2009 to 42 in January 2010. The average number of days-
on-market increased from 65 in December 2009 to 75 in January 2010.2

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
1 of 8
$150,000
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
$100,000
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
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North San Diego County HomeDexTM
January 2010 Summary Report
Single-Family Attached Homes

• The number of sold SFA units fell 30.31 percent from December 2009 to January
2010 in North San Diego County, and decreased 23.93 percent in Non-North
County. Year-over sales increased 18.62 percent in North County and fell 6.43
percent in Non-North County from January 2009.

• There were 1,368 SFA listings (active and contingent) in North San Diego County
ending January 2010, compared to 1,207 in December 2009. San Diego County
(active and contingent) SFA listings increased from 3,988 at the end of December
2009 to 4,483 in January 2010. North County SFA active listings were down 4.74
percent year-over and down 20.7 percent in the county.

North San Diego County


Single-Family Attached Homes Sold by Price Range

January 2010 January 2009 January 2008 January 2007

100

90

80

70

60

50

40

30

20

10

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
January 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 from
$1,295 in December 2009 to $1,212 in January 2010. The monthly payment for
the median-priced SFA home in Non-North San Diego County zip codes rose
from $1,058 in December 2009 to $1,077 in January 2010.

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


households able to afford the median-priced SFA home in December 2009 to 59
percent in January 2010.3 The single-family attached home affordability level for
Non-North San Diego County zip codes remained at 65 percent in January 2010.

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


North San Diego County in January 2009, compared to 65 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%
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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
January 2010 Summary Report
Single-Family Attached Homes
Single-Family Attached Home Prices and Affordability by North County Zip Codes4

• Del Mar (92014) had the highest median SFA price in January 2010 at $887,500
followed by Cardiff (92007) and Solana Beach (92075) in the $600,000s.
Carlsbad (92008, 91011), Encinitas (92024), and Carmel Valley (92130) reported
median SFA prices ranging from $406,000 to $488,000.

• Carlsbad (92009, 92010), Oceanside (92054), and Poway (92064) reported


median SFA prices between $300,000 and $342,000 followed by San Marcos
(92078), Oceanside (92056), Rancho Bernardo (92128), and Rancho Penasquitos
(92129) with median prices between $206,000 and $280,000.

• San Marcos (92069), Bonsall (92003), Oceanside (92057), Vista (92081, 92083,
92084), Ramona (92065), and Escondido (92025, 92026, 92027, 92029) had
median SFA home prices between $108,000 and $196,500.

North San Diego County


January 2010 Median Prices
Single-Family Attached Homes
$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
Y
EY

TA

TA
TA
A

S
CH

A
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S
D

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ID

ID
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92

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8
07

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92
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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
January 2010 Summary Report
Single-Family Attached Homes

• Solana Beach (92075), Del Mar (921014), and Cardiff (92007) reported the
lowest level of SFA affordability with between six percent to 10 percent of county
households able to afford the median-priced SFA home followed by Carlsbad
(92009, 92011), Carmel Valley (92130), and Encinitas (92024) between 19
percent and 25 percent.

• Carlsbad (92009, 92010), Oceanside (92054), and Poway (92064) reported


affordability percentages of between 33 and 39 percent followed by Rancho
Bernardo (92128), San Marcos (92078) Oceanside (92056), Rancho Penasquitos
(92129), and Vista (92081) between 43 percent and 59 percent5

• Vista (92083, 92084) and Oceanside (92057) had between 61 percent and 69
percent affordability with Bonsall (92003), Escondido (92025, 92026, 92029),
Ramona (92065), and San Marcos (92069) reporting affordability percentages
between 72 percent and 79 percent, with Escondido (92027) at 81 percent.
Housing Affordability
Percentages
North San Diego County
January 2010
90%

80%

70%

60%

50%

40%

30%

20%

10%

0%
Y
EY

A
CH

A
R

L
S

A
O

O
E

S
S
D

D
A

CO
O

L
D

D
T

T
A

SE

N
ID

ID

ID

ID
BA

RD
LL

IT

SA
IS

IS
IS
W

IT
RC
A

SI

SI
SI
M

SB

O
SB

SB

D
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-V

-V

-V
A
LS

M
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U
N

N
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N
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A
A
TH

RL
RL
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N
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SQ
A

A
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CO

O
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M
M
A

ER
CE

CE

CE
1

3
-D

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N
CA

-B
SC

SC

SC
A

A
EL

08

08

08
A
BY
N

N
N
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S
-C

-C

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06

N
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LA

-E

-E

-E

-E
92

92

92

A
A
4

5
RM

3
-

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06
92
F

00

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4
1

9
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02

7
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7
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00
92

92
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05

05

05
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02

02

02

02
9
8
RD

92
-C
92

92

92

92

CH

06
07

N
92

92

92

92

92

92

92
5

A
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92
92
07

N
-R
-C

13

A
92

92

-R
8
7

12
00

9
92
92

12
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
January 2010 Summary Report
Single-Family Attached Homes

North San Diego County Housing Characteristics


Single-Family Attached Homes
January 2010
Median Price $225,000
Average Price $267,811
Median Price per Square Foot $206
Lowest-Priced Home Sold $55,000
Highest-Priced Home Sold $1,000,000

Number Units Sold 223


Total Sales6 $59,721,796
Median Days on Market 42

Median Square Feet 1,111


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
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%
January 2010 $225,000 $200,000 59% 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
January 2010 Summary Report
Single-Family Attached Homes

Median
Jan. Jan. Median Days on
2010 2009 Jan. 2010 % Price Jan. 2010 Days on Market %
North San Diego County Zip Afford- Afford- Median Chg. From Sold Market Chg. from
Codes ability7 ability Price Jan. 2009 Listings Jan. 2010 Dec. 2009
92003 - BONSALL 78% 54% $136,575 -38% 2 29 -6%
92007 - CARDIFF 15% 8% $630,750 -17% 2 163 79%
92008 - CARLSBAD 32% 27% $406,500 4% 4 49 -34%
92009 - CARLSBAD 46% 36% $300,000 -5% 7 46 39%
92010 - CARLSBAD 39% 37% $342,000 9% 2 106 -
92011 - CARLSBAD 24% 25% $488,000 22% 4 32 -2%
92014 - DEL MAR 8% 6% $887,500 1% 1 123 173%
92024 - ENCINITAS 27% 21% $445,500 -1% 13 83 168%
92025 - ESCONDIDO 79% 81% $132,777 24% 3 35 21%
92026 - ESCONDIDO 77% 83% $143,500 49% 12 35 9%
92027 - ESCONDIDO 84% 82% $108,500 4% 12 17 -75%
92028 - FALLBROOK - 48% - - 0 - -
92029 - ESCONDIDO 77% 48% $144,000 -42% 1 84 -38%
92054 - OCEANSIDE 44% 85% $312,000 - 9 40 67%
92056 - OCEANSIDE 60% 66% $220,000 29% 17 26 -37%
92057 - OCEANSIDE 74% 75% $157,000 19% 23 118 174%
92058 - OCEANSIDE - - $140,000 - - - -
92059 - PALA - - - - 0 - -
92061 - PAUMA VALLEY - - - - 0 - -
92064 - POWAY 45% 49% $305,000 25% 1 40 54%
92065 - RAMONA 79% 58% $134,950 -33% 6 27 -10%
92067 - RANCHO SANTA FE - - - - 0 - -
92068 - SAN LUIS REY - - - - 0 - -
92069 - SAN MARCOS 82% 73% $116,600 -18% 9 32 -3%
92075 - SOLANA BEACH 11% 12% $685,000 17% 4 72 -44%
92078 - SAN MARCOS 49% 40% $280,000 -4% 11 50 -11%
92081 - VISTA 66% 70% $196,500 27% 4 43 -47%
92082 - VALLEY CENTER - - - - 0 - -
92083 - VISTA 69% 68% $182,000 14% 5 33 57%
92084 - VISTA 68% 75% $187,500 39% 4 37 85%
92091 - RANCHO SANTA FE - - - - 0 - -
92127 - RANCHO BERNARDO - - - - 0 - -
92128 - RANCHO BERNARDO 56% 45% $240,000 -10% 27 36 -8%
92129 - RANCHO
PENASQUITOS 63% 67% $206,000 24% 13 28 47%
92130 - CARMEL VALLEY 26% 26% $457,500 14% 10 38 108%

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
January 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 January 2010 required an annual
income of $48,475 for the median-priced SFA home – an amount earned by 59 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
December 2009 total SFA sales were $84,363,598 and $43,790,193 in January 2009 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 January 2010

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 January 2010 December 2009 January 2010 December 2009
92003 - BONSALL 38 -5.00% 53 6.00%
92007 - CARDIFF 17 -22.73% 10 0.00%
92008 - CARLSBAD 70 -4.11% 40 0.00%
92009 - CARLSBAD 158 1.28% 97 0.00%
92010 - CARLSBAD 61 -6.15% 69 2.99%
92011 - CARLSBAD 45 -16.67% 25 19.05%
92014 - DEL MAR 25 -7.41% 9 -10.00%
92024 - ENCINITAS 117 -0.85% 63 -1.56%
92025 - ESCONDIDO 165 -14.51% 243 2.53%
92026 - ESCONDIDO 258 -8.19% 189 -3.08%
92027 - ESCONDIDO 272 -7.17% 177 3.51%
92028 - FALLBROOK 238 -1.24% 174 -2.79%
92029 - ESCONDIDO 72 -2.70% 58 5.45%
92054 - OCEANSIDE 126 -3.08% 100 6.38%
92056 - OCEANSIDE 231 -9.77% 141 -0.70%
92057 - OCEANSIDE 355 -1.93% 186 -2.11%
92059 - PALA 3 0.00% 4 -33.33%
92061 - PAUMA VALLEY 16 0.00% 11 10.00%
92064 - POWAY 139 -1.42% 71 0.00%
92065 - RAMONA 170 -6.08% 162 -4.71%
92067 - RANCHO SANTA FE 17 6.25% 24 9.09%
92068 - SAN LUIS REY 0 - 0 -
92069 - SAN MARCOS 217 -3.13% 125 -7.41%
92075 - SOLANA BEACH 39 -15.22% 36 12.50%
92078 - SAN MARCOS 172 -5.49% 94 8.05%
92081 - VISTA 103 0.00% 57 3.64%
92082 - VALLEY CENTER 101 -10.62% 92 -5.15%
92083 - VISTA 171 -2.29% 118 3.51%
92084 - VISTA 140 -15.15% 131 -1.50%
92091 - RANCHO SANTA FE 6 0.00% 3 -25.00%
92127 - RANCHO
BERNARDO 159 -4.22% 82 -13.68%
92128 - RANCHO
BERNARDO 132 -7.69% 86 1.18%
92129 - RANCHO
PENASQUITOS 132 0.00% 70 -4.11%
92130 - CARMEL VALLEY 110 -0.90% 48 20.00%
TOTALS 4,075 -5.41% 2,848 -0.11%

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 January 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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