Temperature Gauge – Hot!

The lower-end looks like it is picking up speed, and those selling above $1,000,000 shouldn’t feel bad either. Here are the active, contingent+pending, and sold listings for each area – the monthly sold count is the last six months of sales divided by 6.

Under-$1,000,000 Market

Town or Area	Actives	Cont+Pend	Avg1Mo Sales	Months’ of Inventory
Encinitas	14	52	25.3	0.55
Carmel Vly	17	33	24.5	0.69
Carlsbad	103	159	92.8	1.11
Del Mar/SB	14	14	7.3	1.92
La Jolla	14	12	6	2.33
RSF	0	3	8	0
Totals	163	273	157.3	1.04

Over-$1,000,000 Market

Town or Area	Actives	Cont+Pend	Avg1Mo Sales	Months’ of Inventory
Carlsbad	38	14	12	3.17
Carmel Vly	47	24	14.7	3.20
Encinitas	61	25	14.3	4.27
Del Mar/SB	68	21	15.2	4.47
La Jolla	109	39	21.3	5.12
RSF	185	30	18.8	9.84
Totals	508	153	96.3	5.28

The Over-$1,000,000 numbers are historically terrific, and sellers everywhere except in RSF should be jumping for joy. The Under-$1,000,000 market, with only one-months’ worth of inventory and 1.67 times as many pendings as actives, is out of control and cooking!

When is the best time to sell? When everyone else isn’t!

8 Comments

Daniel (theotherone) on January 26, 2013 at 5:11 pm

This is quite illuminating.
http://www.powerlineblog.com/archives/2013/01/is-ned-ludd-writing-for-the-associated-press.php
Read the comments. They are also illuminating.

Jim the Realtor on January 26, 2013 at 6:14 pm

Not sure what that has to do with how hot the local real estate market is, but I will give it a shot.

Jobs aren’t coming back, they have been eliminated by market efficiencies. Re-create yourself or live off the taxpayers.

Take realtors for example. I’ve been doing videos since the summer of 2008, yet how many other agents have tried it? Have you seem many, or any attempts by agents to video properties or themselves? How hard can it be when any phone or camera can video and upload to YouTube in minutes?

Or just a decent blog where an agent can at least attempt to market themselves?

People who resist change will get what they get, the leftovers. Anybody with a normal job should fear being replaced by one of these hi-tech robots.

Booty Juice on January 26, 2013 at 8:18 pm

Some people participate, some spectate.

Daniel (theotherone) on January 26, 2013 at 10:21 pm

Participate in what at this point? I wish I could borrow at ZIRP and loan at market.

avgjoe on January 27, 2013 at 6:24 am

Jim your right,

Those jobs are not coming back. There are not enough jobs to keep everyone working. Competition is good I think.

Yes you have to change with the times. Do not ever think someone owes you a job or they will keep you because you’ve been there awhile.

I like your business like spirit.Seems you could make something out of nothing. Is anyone else out here impressed with jims tech skills? As someone younger I can say Jim is on it when it comes to technology use.

Tom Tarrant on January 27, 2013 at 7:19 am

Jim is a hi tech robot in baby boomer body. Just noticed the new website/template, always improving. I also noticed a while back he made his site readable on mobile devices. A guy like Jim could figure out anything and will never go the way of the old dinosaur agents who still fax everything.

Jim the Realtor on January 27, 2013 at 7:53 am

Thanks avgjoe and Tom!

Apparently there are some who are thinking of realtor videos, and sensing an opportunity, are putting their own twist on them. Here is a company that does them for you:

http://www.naplesnews.com/news/2013/jan/27/real-estate-videos-a-growing-trend/

They charge $500 to $1,500 to produce a youtube – here is the example on their website:

http://youtu.be/u5acd5NzYzk