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Most recent articles

Inventory Watch

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The Super Bowl is over, and the spring selling season is here – let’s move!

How does the inventory compare to last year?  Here are the active listings and cost-per-sf from the day after the 2015 Super Bowl, and today:

Price Range
2015 # of Actives
Avg LP $/sf
2016 # of Actives
Avg LP $/sf
0-$800,000
87
$400/sf
49
$376/sf
$800K-$1.4M
202
$449/sf
184
$416/sf
$1.4M-$2.4M
182
$615/sf
234
$590/sf
$2.4M+
291
$1,037/sf
361
$1,012/sf

A steady push upward as sellers migrate north – there are 19% fewer homes for sale under $1,400,000 this year, and 26% more homes for sale above!

But the average list prices are all lower!

Get Good Help!

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

Read More

Posted by on Feb 8, 2016 in Inventory, Jim's Take on the Market, Spring Kick | 2 comments

NSDCC January New Listings

2016-01-13 16.36.09

The North San Diego County coastal region is an affluent area – just ask the home sellers, who are added a little extra mustard to their pricing in January:

NSDCC January New Listings

Year
# of New Listings
# Listed Over $1.5 Million
Median List Price
2012
409
110
$975,000
2013
410
147
$1,137,500
2014
413
167
$1,295,000
2015
388
158
$1,347,500
2016
435
220
$1,500,000

Eventually prices will get high enough that more sellers are lured into the marketplace.  Based on the higher count in January, this might be the year!

Today, there are 552 homes listed for sale that are priced over $1,500,000, and we sold an average of 71 per month last year. We have 7.8 months of supply, and we’re just getting started!

Get Good Help!

Posted by on Feb 5, 2016 in North County Coastal | 1 comment

NSDCC January Sales & Pricing

Feb rates
January house sales between La Jolla and Carlsbad look pretty good, given the higher pricing and TRID fumbling.

Our good luck with sales should continue – rates are lower this month, plus February actually has one more business day than January, thanks to leap year!

NSDCC January Sales and Pricing

Year
# of Sales
Avg Cost-per-sf
Median SP
Days on Market
2012
155
$374/sf
$760,000
108
2013
185
$379/sf
$845,000
69
2014
182
$501/sf
$1,072,500
60
2015
165
$507/sf
$1,218,000
73
2016
160
$555/sf
$1,077,500
52

I wouldn’t worry too much about the median sales price being lower, because the monthly comparisons have smaller sample sizes and more easily affected by the different mix of houses. The number of sales will probably catch last year’s count once the late-reporters are done, and the brisk 52 DOM is really cooking, given the higher pricing.

Posted by on Feb 4, 2016 in Jim's Take on the Market, Market Buzz, Market Conditions, North County Coastal | 0 comments