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Category Archive: ‘Inventory’

Inventory Watch

2016-04-10 15.23.13

We are in the prime selling season!

In the weekly reports since the end of March, we have averaged 105 new listings each week.  They aren’t all high-enders either – the median list price has only been $1,399,900 since March 28th.

The average list prices are about 5% higher than they were last May.

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on May 23, 2016 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

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You can’t complain about the inventory count – we’ve had 532 new listings hit the market over the last five weeks.

But what you get for your money might bug you – the list prices are averaging over $400/sf in all price categories, and the median list price of houses for sale between La Jolla and Carlsbad is $2,150,000.

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on May 16, 2016 in Inventory, Jim's Take on the Market | 1 comment

Inventory Watch

2016-04-10 15.19.03

For a couple of days last week, it seemed like there was flood of new listings, but they come in fits and starts.  It turns out the overall weekly total was about the same as it has been the last couple of years (when averaging over the last six weeks):

Average Number of NSDCC New Listings Per Week (April/May)

2014: 109

2015: 94

2016: 104

Last year looks more frenzied-up, but it depends how you measure.  Here are the total number of all residential listings in San Diego County listed between January 1 and April 30th:

SD County Total Number of New Listings, Jan – Apr

2014: 11,749

2015: 12,028

2016: 11,902

Generally-speaking, there is still no flood.

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on May 9, 2016 in Inventory, Jim's Take on the Market | 1 comment

Inventory Watch

2016-04-10 15.18.59

The number of listings priced under $800,000 grew from 26 to 33 this week – an explosion of 27%.  But seriously, the average LP/sf did get back up to $409/sf, which isn’t the first time.

The curious statistic is the cost-per-sf of the next category.  Since we’ve been tracking over the last 2+ years, the average LP/sf has been as high as $470/sf for those listings between $800,000 and $1,400,000, but today it’s down to $418/sf – the closest it’s been to the category below.

It probably means that the sluggishness is starting lower and lower.

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on May 2, 2016 in Inventory, Jim's Take on the Market, North County Coastal | 0 comments

Inventory Watch

2016-04-10 15.16.51

Two records set today:

The lowest count of NSDCC active listings priced at $800,000 and Under: 26

The highest count of NSDCC active listings priced at $2.4M and Over: 451

Using the number of closed sales in the last 30 days, let’s calculate the months of supply for each:

$800,000 and Under: 26/57 = 0.5-month supply.

$2.4M and Over: 451/29 = 15.6-month supply.

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on Apr 25, 2016 in Inventory, Jim's Take on the Market | 5 comments

Inventory Watch

2016-04-10 15.22.42

We’re on the lookout for any sudden explosion of inventory, because the minute buyers sense a flood, they will probably back off.

But no surge yet – these are the number of NSDCC detached-home new listings that hit the market between April 1-15:

Year
Under-$1,400,000
Over-$1,400,000
Total
2013
162
117
279
2014
144
109
253
2015
136
98
234
2016
125
118
243

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on Apr 18, 2016 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

2016-04-10 15.17.42

Comparing the number of active listings in each price category helps to demonstrate the extreme conditions at each end of the market. The low-end only has an occasional offering now, where the high-end has more choices than most buyers can comprehend:

NSDCC Number of Active Listings in Mid-April

Price Category
2014
2015
2016
0-$800,000
97
65
37
$800K – $1.4M
233
220
235
$1.4M – $2.4M
233
218
260
$2,400,000+
349
346
447

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on Apr 11, 2016 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

2016-03-30 13.13.29

The active (unsold) inventory is virtually non-existent under $800,000 (down to just 34 houses for sale) but rising steadily in the higher-priced categories.  Sales are down about 12% this year, compared to 1Q15:

Price Range
Actives
Pendings
1Q2016 Solds
1Q2015 Solds
0-$800,000
34
94
117
156
$800,000-$1.4M
220
175
254
263
$1.4M-$2.4M
272
116
118
136
$2,400,000+
435
58
59
81
Totals
961
443
558
636

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on Apr 4, 2016 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

The NAR pending index for February was released today, and it was modestly positive. In the West, it was the best non-seasonally-adjusted number since October. But who cares – April starts on Friday!

Yunnie did have a great quote though:

“Any further moderation in prices would be a welcome development this spring,” adds Yun. “Particularly in the West, where it appears a segment of would-be buyers are becoming wary of high asking prices and stiff competition.”

New NSDCC pendings were down 15% this week, but the market can wane a bit around spring break.  Or does it?  More on that later today!

Click on the ‘Read More’ link below for the NSDCC active-inventory data:

Read More

Posted by on Mar 28, 2016 in Inventory, Jim's Take on the Market | 0 comments