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Carlsbad
(760) 434-5000

Carmel Valley
(858) 560-7700
jim@jimklinge.com


Posted by on Jan 26, 2013 in Actives/Pendings, North County Coastal, Sales and Price Check | 8 comments | Print Print

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

  1. 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.

  2. Some people participate, some spectate.

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

  4. 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.

  5. 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.

  6. They don’t have that irreplaceable JtR snark. ;-)

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