Rancho Santa Fe / Del Mar Outlook

California Association of Realtors issued a monthly real estate reportfor November 09. As an outlook for 2010 in the North County of San Diego, Rancho Santa Fe , Del Mar and La Jolla. Housing prices peaked in San Diego in May 2006 with a median sales price of over $622,000.  In August 2009  the median price was down to $375,000 or -39.6 %.  At this time the median prices are much higher in the ocean front communities of Del Mar, Solana Beach and La Jolla . The medians in these communities are      $1,800,000,$1,463,000,$1,990,000, respectively. These oceanfront communities as well as Encinitas, Carlsbad and Oceanside, may be the first to recover from this market downturn. Some advice to buyers and sellers was given in the article.   For sellers, “Price your home to sell.  Put your property in move-in ready condition”  For buyers, ” Low interest rates will not last forever, do to the drop in sales prices there are great deals still available .  NOW is the time to buy”

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