North County San Diego is enjoying a record month of sales. In April, more houses were sold in North County San Diego than any other month in the past 3 years! Last month was the biggest month for North County San Diego since before 2006.
According to the North San Diego County Association of Realtors, buyers bought up 887 houses in April. This is up 10.6 percent from March and also up the identical percentage from March of 2011. July 2009 was the last time North County San Diego saw numbers even close to April’s figures. The number of buyers in North County San Diego seems to be up from last year and inventory seems to be growing slowly. Potential buyers aren’t as willing to settle anymore and are willing to wait to get what they want. Buyers looking in North County San Diego are more apt to walk away from a home rather than overpay and that, in turn, holds prices down.
Realtors throughout North County San Diego do say however, that inventory has been slowing and the number of homes listed in April in North County San Diego fell for the eighth straight time in nine months. This low inventory should be pushing up prices of homes in North County San Diego but instead, median home prices increased only slightly. In North County San Diego, the average home price hit $420,000 in April, which is up 1.2 percent from March. Local North County realtors say savvy buyers and sellers’ preferences for all-cash bids have steadied prices and held them down.