Sales of all real estate for the North County in 2010 declined 6% from 2009. Sales of homes on acreage in the rural areas however were only down 2% from the previous year. Raw land sales were up 3% from 2009 and sales of large parcels 20 acres and up were up 5% from 2009 although volume was low in both those categories. The biggest drop of all was in homes on acreage with sales prices of $900,000 or more. That market dropped 49% from the year previous. That is very indicative of the upper end market in most areas of California.
What the above statistics show us is that with the exception of the higher end properties, the market may have stabilized as we had much higher drops each year from 2005-2009. The most active part of the market are homes on acreage with asking prices of $500,000 or less and acreage in the under $150,000 bracket.
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