The below chart represents sales in San Diego’s North County Coastal which includes everything from Carlsbad down to La Jolla.
The 2015 annual sales and median sale prices looked pretty good. Declining sales are the precursor of a downturn, but only Carmel Valley has a noticeable drop.
There are more new homes for sale than ever in Carmel Valley, and those aren’t all reported as closed sales on the MLS. They have to be soaking up some of the demand for resales:
Although Rancho Santa Fe sale increased from 2014 to 2015, Del Mar experienced a slow down and now has a inventory shortage!