Rancho Santa Fe, Solana Beach, Del Mar home prices drop 16 to 37 percent in February, North San Diego County Realtors Association says...
Rancho Santa Fe median home prices dropped 16 percent on February compared to February 2010, leveling out at $1.85 million for 11 home sales. Median sales prices over the same period dropped 20 percent to $1.12 million for four homes sold at Solana Beach and 37 percent for 11 homes averaging $1.32 million at Del Mar. Those figures were supplied Friday by the North San Diego County Association of Realtors.
"The median price for all North County home sales – attached and detached – decreased from $360,000 in January 2011 to $358,000 in February 2011," the realtors association analysts said. "Detached homes in North County decreased 6.39 percent from $446,000 in January 2011 to $417,500 in February 2011, the largest monthly price decline in two years."
"The HomDex affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – decreased to 38 percent in February 2011 from 40 percent in January 2011," association analysts said. "Median days-on-market for single-family detached homes in North County increased slightly from 68 days in January 2011 to 69 days in February 2011."
Freddie Mac’s national average commitment rate rate for a 30-year, conventional, fixed-rate mortgage was 4.95 percent in February 2011 compared to 4.99 percent in February 2010.
The number of sales also dropped, as buyers fell out of escrow after trouble getting loans, real estate agents said.
Inventories swelled, as sellers tried to unload their homes for less than they owed in mortgages and pushed up the number of listings.
AREA DETACHED HOME PRICES FOR FEBRUARY
A roundup of the median sale prices in North County communities, listed by ZIP codes with the percentage from February 2010.
|
ZIP code
|
Community
|
Feb. 2011 Median price
|
% change Feb. 2011
|
sold listings
|
% change
|
|
92003
|
BONSALL
|
$528,750
|
73%
|
2
|
0%
|
|
92007
|
CARDIFF
|
$1,337,250
|
56%
|
4
|
100%
|
|
92008
|
CARLSBAD
|
$477,500
|
-16%
|
4
|
-33%
|
|
92009
|
CARLSBAD
|
$640,000
|
2%
|
27
|
17%
|
|
92010
|
CARLSBAD
|
$500,000
|
-13%
|
9
|
50%
|
|
92011
|
CARLSBAD
|
$689,000
|
-18%
|
19
|
27%
|
|
92014
|
DEL MAR
|
$1,325,000
|
-37%
|
11
|
120%
|
|
92024
|
ENCINITAS
|
$700,000
|
-17%
|
19
|
-17%
|
|
92025
|
ESCONDIDO
|
$275,000
|
-5%
|
15
|
-29%
|
|
92026
|
ESCONDIDO
|
$320,000
|
4%
|
28
|
75%
|
|
92027
|
ESCONDIDO
|
$301,250
|
1%
|
32
|
-6%
|
|
92028
|
FALLBROOK
|
$346,000
|
0%
|
23
|
-39%
|
|
92029
|
ESCONDIDO
|
$532,500
|
49%
|
4
|
-50%
|
|
92054
|
OCEANSIDE
|
$305,000
|
-25%
|
17
|
13%
|
|
92056
|
OCEANSIDE
|
$330,250
|
-8%
|
20
|
-39%
|
|
92057
|
OCEANSIDE
|
$335,000
|
6%
|
31
|
-6%
|
|
92058
|
OCEANSIDE
|
$225,000
|
-
|
6
|
-14%
|
|
92059
|
PALA
|
$287,500
|
-36%
|
2
|
100%
|
|
92061
|
PAUMA VALLEY
|
-
|
-
|
0
|
0%
|
|
92064
|
POWAY
|
$495,000
|
-4%
|
27
|
23%
|
|
92065
|
RAMONA
|
$299,950
|
-10%
|
26
|
-16%
|
|
92067
|
RANCHO SANTA FE
|
$1,850,000
|
-16%
|
11
|
-15%
|
|
92068
|
SAN LUIS REY
|
-
|
-
|
0
|
0%
|
|
92069
|
SAN MARCOS
|
$399,000
|
18%
|
21
|
-13%
|
|
92075
|
SOLANA BEACH
|
$1,123,500
|
40%
|
4
|
-20%
|
|
92078
|
SAN MARCOS
|
$504,225
|
1%
|
22
|
-8%
|
|
92081
|
VISTA
|
$341,500
|
-9%
|
12
|
-37%
|
|
92082
|
VALLEY CENTER
|
$334,900
|
-25%
|
17
|
42%
|
|
92083
|
VISTA
|
$273,000
|
-1%
|
14
|
27%
|
|
92084
|
VISTA
|
$310,000
|
3%
|
15
|
67%
|
|
92091
|
RANCHO SANTA FE
|
-
|
-
|
0
|
-100%*
|
|
92127
|
RANCHO BERNARDO
|
$718,000
|
7%
|
20
|
-9%
|
|
92128
|
RANCHO BERNARDO
|
$460,000
|
-15%
|
18
|
-36%
|
|
92129
|
RANCHO PENASQUITOS
|
$561,500
|
-10%
|
12
|
-40%
|
|
92130
|
CARMEL VALLEY
|
$1,000,000
|
15%
|
30
|
30%
|
* There was one house sale in Rancho Santa Fe (92091) in Feb. 2010.
NOTE: Median figures can be skewed by low volume combined with the sale of several unusually expensive or inexpensive homes.
