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Category Archive: ‘Inventory’

Inventory Watch

Hello August!

The summer market is winding down, and the unsuccessful sellers will be cancelling their listings over the next two months – which is great for buyers. Why?  Because any new listings won’t be using those OPTs as price indicators!

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

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Posted by on Aug 3, 2015 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

Today’s inventory is about 4% less than what it was last year at this time.  Sales this month look to be on track to match those in July, 2014, but pricing is starting to flatten out.  The median sales price is only about 3% higher, and the average cost-per-sf only 1% higher than last July.

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

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Posted by on Jul 27, 2015 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

The actives:pendings ratio looked more normal this past week. After the previous week’s shocking 126:58, we came back to earth with a 93:62 ratio for the last seven days. Last summer we were hitting an average ratio around 1.5:1, and this summer has been about the same.

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

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Posted by on Jul 20, 2015 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

We had 126 new listings in the last week, the highest weekly total of the year (and 13% higher than the previous high!).  The 58 new pendings were among the lowest weekly totals, and those under that were in January.  Yikes!

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

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Posted by on Jul 13, 2015 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

The number of houses for sale listed under $800,000 popped over 100 for the first time this year, and their average list price is a whopping $404/sf – which is back over $400/sf for the first time since February.

In other words, the sludgepit of over-priced goo is nearing its peak of the year.  The mildly-interested sellers will start cancelling their listings in August.

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

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Posted by on Jul 6, 2015 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

Reader Chet noticed that the average pricing in our $800,000 – $1,400,000 group is at its lowest LP-per-sf since we started tracking the NSDCC inventory in November 2013. The number of houses for sale in that category has also risen 37% in the last 12 weeks!

There will probably be one more buying surge over the next 30 days that will pick off the rest of the motivated sellers. After that, the Fed Watch for their September meeting should help to stagnate the market further.

Won’t unsuccessful sellers lower their prices as summer winds down? It’s more likely they will cancel and try again next year.

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

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Posted by on Jun 22, 2015 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

Busy weekend with great weather for home selling! We had 90 new pendings in the last week, the highest weekly count of the year. The inventory is growing too, which means there are more houses from which to choose – or it means more homes not selling, depending on how you look at it.

We are at peak inventory for 2015 – today marks the highest number of detached homes for sale between La Jolla and Carlsbad (977) this year.

For those who are thinking of waiting until the market cools down: we had 25-37 new pendings per week in December – when the inventory was 190-220 lower.

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

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Posted by on Jun 8, 2015 in Inventory, Jim's Take on the Market | 0 comments

Inventory Watch

We’ve suspected that many of the lower-end listings have been creeping upward into higher-priced categories. Today, the stats for the Under-$800,000 listings and those between $800,000 – $1,400,000 are converging, and before long could just be one group. The List-Price-per-SF is $391sf vs. $402/sf, which is +5% and -5%, respectively from last year.

At this rate, everything will be $1,000,000+ before too long!

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

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Posted by on Jun 1, 2015 in Inventory, Jim's Take on the Market | 0 comments