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An Insider's Guide to North San Diego County's Coastal Real Estate
Jim Klinge, broker-associate
858-997-3801
klingerealty@gmail.com
Compass
617 Saxony Place, Suite 101
Encinitas, CA 92024
Klinge Realty
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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Posted by on Dec 30, 2018 in Contests, Forecasts, Jim's Take on the Market, Market Buzz | 2 comments | Print Print

Was There Some Panic in 4Q?

We’re going to start a contest for Padres tickets in the new year, so let’s get a read on how things wrapped up in 2018.

We know that NSDCC sales were down 10%, and the median SP was up 8%.  Sales of detached homes in San Diego County were down 11%, and the median sales price was up 7%.

If sellers were feeling a sense of panic about the market – and prices – we would be seeing more new listings hit the market.

Have there been more listings than usual lately?

NSDCC Listings, 4th Quarter

Year
4th Qtr Listings
Median List Price
Dec. Listings
Median List Price
2013
727
$1,199,000
164
$1,090,000
2014
761
$1,199,000
150
$1,185,000
2015
866
$1,348,500
200
$1,137,450
2016
836
$1,377,500
201
$1,375,000
2017
753
$1,549,900
153
$1,495,000
2018
842
$1,536,900
154
$1,524,000

The other comparisons we’ve done have shown that the 2018 stats have mostly been similar to previous years. But once we have the complete total for new listings, it looks like the 4Q18 number is likely to be at, or above, all of the recent years.  It’s already 12% above last year, and the MLP is actually lower.

There were fewer December listings, but that means the October/November count was higher than ever.  With soggy conditions in place already, did potential sellers this month decide to wait for a 2019 launch?

Will we see a surge of new listings in early 2019?

2 Comments

  1. Yes, maybe. Happy New Year Jim. Still got great seats?

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