We’ve used the ratio of active-listings-to-pending-listings as a measure of the overall ‘health’ of the market, with a 2:1 ratio being about right. This is how it looked earlier this year, on February 23, 2015:
https://www.bubbleinfo.com/2015/02/23/north-sd-activespendings/
The overall Actives-to-Pendings ratio in February was 1.69 to 1.
It is the same 1.69:1 today!
Here are the current stats – areas with more pendings than actives are in bold:
| Area | ||||||
| Cardiff | ||||||
| Carlsbad NW | ||||||
| Carlsbad SE | ||||||
| Carlsbad NE | ||||||
| Carlsbad SW | ||||||
| Del Mar | ||||||
| Encinitas | ||||||
| La Jolla | ||||||
| RSF | ||||||
| Solana Bch | ||||||
| W. RB | ||||||
| E. RB | ||||||
| Rancho Pena | ||||||
| Carmel Vly | ||||||
| Scripps Rch | ||||||
| All Above |
Those with smaller sample sizes can vary wildly, yet most of these look fairly consistent. As usual, Carmel Valley is really rocking – the 80 pendings have an average list price of $1,265,778! Encinitas deserves recognition too for having 180 solds already this year with a median sales price of $1,087,000!
