I just looked at the front page of our web site and saw the last 12 sales that have been posted by zip code:

RECENT SALES BY ZIP
92008
   $525,000 4998 Eucalyptus Ln Mar 3
   $520,380 1750 Andrea Ave. Mar 3
   $518,000 4553 Cove Dr #1 Feb 29
92009
   $619,000 2734 Ascot Avenue Feb 29
   $825,000 2814 Atadero Ct Feb 29
   $255,000 2352 Altisma Way #7 Feb 29
92010
   $304,000 2813 Via Diego Mar 4
92011
   $745,000 657 Seaward Avenue Mar 4
   $740,000 609 Saltgrass Ave Feb 29
   $322,000 803 Caminito Del Mar Feb 29
92024
   $925,000 1467 Heritage Ln Mar 3
   $730,000 1638 Hawk View Dr Feb 29

We update this data from the Sandicor MLS data about 5 times a day.  You can see it any time by visiting http://www.EncinitasCarlsbad.com The data concerns me a bit.  There isn't a single property over $1M, and all but one of them are under $850,000.  Now, this is anecdotal, but I look at the data a lot, and I can tell you that I don't see this happen very often.  It tells me that the upper end of the market is a bit soft right now.  My guess is that people who are buying are buying less expensive properties and those buying more expensive properties are waiting to see how the economy does or are waiting for a good deal. 

Anyway, it struck me as a bit odd, so I thought I would share it with you.

John Hokkanen, Encinitas Real Estate