In June, we checked the local markets by comparing their active-to-pending ratios, which historically have been relatively ‘healthy’ when around 2.0.
Since then, the ratios in four of the eleven areas have improved (gone lower), including Del Mar, La Jolla and Rancho Santa Fe – wow!
Area | |||||
Cardiff | |||||
Carlsbad NW | |||||
Carlsbad SE | |||||
Carlsbad NE | |||||
Carlsbad SW | |||||
Del Mar | |||||
Encinitas | |||||
La Jolla | |||||
RSF | |||||
Solana Bch | |||||
Carmel Vly | |||||
All Above |
Most importantly, there hasn’t been any explosions of additional active (unsold) inventory in a month when we usually see the peaks of the year.
It seems as though the core markets of 92009, 92024 and even 92130 are slowing at the high end and may even have peaked last year. I was out talking to some other big time agents at open house last weekend and the consensus was things slowed considerably since last year in the high end tract home market. Any chance you could pull together some stats to test that?