NSR, The SFR market in North

[sdrealtor]

NSR,
The SFR market in North Coastal running from Carmel Valley/Del Mar to Carlsbad (I dont look at RSF or Oceanside as being part of this market as they are very different places than the others) had the following July volume:

1996 – 161
1997 – 220
1998 – 224
1999 – 232
2000 – 167
2001 – 225
2002 – 276
2003 – 328
2004 – 287
2005 – 228
2006 – 175
2007 – ?

In what I’d consider a normal market here sales should fall between 225 and 250 for July. I dont know if we’ll get there because of a lack of inventory not demand in these areas. If there was better inventory at these price levels I could add 5 or so to the sales count.

I’d wager a beer that this July is better last.

SDR