A quarter ago, we analyzed La Jolla’s real estate market (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for the 92037 zip codes) over a 12-year period. For this analysis, we decided to zoom back in and focus on the most recent 12 months, 2/1/2008 – 1/31/2009, and compare it to the previous 12-month period, 2/1/2007 – 1/31/2008.

When comparing 2008 to 2007, two factors remained constant for the Rancho Santa Fe real estate market (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for the 92067 and 92091 zip codes): inventory increased (Chart B) and sales decreased (Chart D). Contrasting this year-to-year data shows that inventory was on average 10% higher in 2008, while the number of sales was 20% lower (Chart A).

Over the last 12 years, Coronado (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for the 92118 zip code) has seen its inventory (or the daily average number of properties listed for sale) fluctuate.The ratio of ‘Inventory/Sales’ has gone from a historical trend of 6 to now 17 (with some sharp periodic upward spikes over the last 2 years). Essentially, what this means is that historically for every house sold 6 were for sale. Over the last 2 years, that number has averaged 17 and climbing, nearly a 200% increase.