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Category Archive: ‘Inventory’

Inventory Watch

This past week produced a nice pop on the low-end inventory, where we went from 69 to 84 active listings under $800,000 – a 22% increase!  But only 14 of those houses are between La Jolla and Encinitas – the rest are in Carlsbad.  We had 84 new pendings too – the most since mid-May of last year!

Click on the link below for the complete NSDCC active-inventory data:

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Posted by on Mar 23, 2015 in Inventory | 0 comments

NSDCC Listings Count

We keep thinking that higher prices will lure more sellers into the game, but the trend continues.  Though we are at new-peak prices virtually everywhere in North San Diego Couty’s coastal region, folks are staying put. Here are the number of new listings that hit the MLS between January 1st and March 15th:

Year
# of New Listings
Median List Price
2012
1,039
$956,990
2013
1,042
$1,149,000
2014
1,029
$1,295,000
2015
1,011
$1,329,000

If greed won’t get people to sell, what will? It appears that we have refined our relationship with real estate – that our house is more important than money.

Posted by on Mar 18, 2015 in Inventory, Jim's Take on the Market | 17 comments

Inventory Watch – Similar to 2014

This season is looking a lot like last year, with some reluctance.  No flood of new listings, but buyers are more hesitant too:

Week
New Listings/New Pendings 2014
New Listings/New Pendings 2015
2nd in Feb
81/76
81/67
3rd in Feb
80/70
86/63
4th in Feb
88/71
83/64
Totals
249/217
250/194

The New Pendings coming in 10% under last year’s count isn’t a big deal, but it probably means that we won’t be seeing a full frenzy in 2015.

Over the last five weeks the big RSF auction had skewed some of the inventory averages below because they had it listed on the range $10,000 – $36,000,000.

Click on the link below for the complete NSDCC active-inventory data:

Posted by on Mar 2, 2015 in Inventory | 0 comments

Inventory Watch – Cooking

Buyers are hitting the streets in full force now. We’ve had 60+ new pendings for three weeks in a row, which hasn’t happened since July. Of the 63 new pendings this week, eleven had been on the market less than 7 days, and eight had been on the market for more than 100 days.

It appears that list-price averages are going to stay above $400/sf. Remember when Carmel Valley sales averaged $330/sf for a couple of years!

Click on the link below for the complete NSDCC active-inventory data:

Read More

Posted by on Feb 23, 2015 in Inventory, Jim's Take on the Market | 0 comments

2015 Pendings By Price Range

Reader 97212 thinks that much of the Under-$800,000 inventory is graduating to higher price points, which is true.  As buyers grab what they can on the lower end, sellers will keep bumping higher.

The median list price of houses for sale from Carlsbad to La Jolla is $1,995,000, and below that it’s really been hopping.  Here are the number of new listings in 2015, and new pendings this year:

Price Category
# of New Listings, 2015
# of New Pendings, 2015
Ratio
Under-$800,000
119
103
1.2:1
$800K-$1.4M
217
134
1.6:1
$1.4 – $2.4M
153
78
2.0:1
Over-$2.4M
149
41
3.6:1

New pendings this year include properties that were listed last year. These are incredibly hot numbers in a market that has already seen 20% to 30% appreciation over the last couple of years. All it will take is for sellers to be reasonable about reading what the market will bear, and it should continue!

Posted by on Feb 17, 2015 in Inventory, Jim's Take on the Market, North County Coastal | 1 comment