Powerhouse Properties' Year-End Home Sales Stats For Del Mar, Rancho Santa Fe, Solana Beach

We always feel a little bit like Steve Martin with headlines like that: "The new sales stats are here, the new sales stats are here!" It's what we do, it's what we get excited about, what can we say?

Three charts we've put together for all of 2011, by quarter, looking at average home sales price, average price per square foot, and total homes sold for Del Mar, Rancho Santa Fe and Solana Beach. This is not super scientific but all information is based on Sandicor data. NOTE: These are not all inclusive numbers as they represent just those transactions listed and documented on the MLS...especially in this market, there are other sales going on that might not be reflected in the MLS data, but this gives an interesting and pretty good snapshot and overview:

So, a couple of interesting notes:

• Overall, average home sales prices held pretty consistently in 2011 in all three zip codes, with Rancho Santa Fe pretty significantly higher, followed closely by Del Mar, and then Solana Beach. BUT...
• Much of that is due to the larger homes, lots and unique beauty of Rancho Santa Fe -- you get more bang for your buck, as has always been the case. When you look at the average price per square foot, Del Mar definitely takes the lead because...the closer you get to the water, the more expensive it is to live there! The average price per square foot numbers were fairly consistent, too, except Del Mar trended up a bit in Q3 due in large part to a few ocean front sales.
• In terms of actual volume of units sold, Rancho Santa Fe was the big winner with a total of 173 detached homes (92067), followed by Del Mar (92014) with 154, and Solana Beach (92075) with 75.

Rancho's average price per square foot of around $400 is making for some very appealing opportunities with some distressed sales keeping prices down. By the same token, as we've always seen, there is a tremendous amount of sales traffic between Del Mar and Rancho Santa Fe, and some of those Rancho owners might have been scaling down in size and heading toward the beach.

Give us a call anytime with any questions, more information or to talk about real estate buying and investing needs and strategies. Also, here are a couple of good links on media analysis/reviews for San Diego real estate trends for 2011:

• http://www.dqnews.com/Charts/Annual-Charts/SDUT-Charts/ZIPSDUT11.aspx
• http://www.dqnews.com/Charts/Annual-Charts/SDUT-Charts/ZIPSDUT%20PPSQ%2011.aspx

Thanks for tuning into Powerhouse Properties and www.BestSanDiegoRealEstateBlog.com! Call us with any questions about the San Diego real estate market or buying and selling in Del Mar, Rancho Santa Fe, Solana Beach and surrounding fine areas. Or visit us at http://www.powerhousepropertiesca.com/. We love to hear from you!