Slower Start in 2013?

by | Jan 7, 2013 | Inventory, Thinking of Buying?, Thinking of Selling? | 1 comment

It’s early, but the first indications of new inventory aren’t promising for those who have been hoping that the flood gates might open.

Here are the number of new listings of detached-homes in SD County for Jan. 1-5:

Year # of New Listings
2011
591
2012
549
2013
431

Here is the number of new listings of detached-homes in NSDCC for Jan. 1-5:

Year # of New Listings
2011
100
2012
81
2013
57

There will be a few stragglers coming on over the next few days (counts were updated 1/8/13), but the totals will still be well under counts from previous years. The current inventory is as low as I’ve ever seen it – hopefully it has now where to go but up?

Here’s the breakdown of active listings of detached-homes for SD County:

Listing Type Active Listings Percentage
REO
129
4%
Short-Sales
156
6%
Non-REO/SS
2,616
90%
Total
2,901
100%

If you are thinking of moving, contact me!

The low number of new listings coming on the market, combined with hot sales means that the count of houses not selling has really dropped off.  Here is the graph for Carmel Valley houses-for-sale:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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1 Comment

  1. Another Investor
    Another Investor on January 7, 2013 at 7:26 pm

    There are three active single family listings in my entire zip code up here in Silicon Valley. One is a new short sale listing that’s underpriced to ensure a bidding war. They will have one open house on Saturday and then look at offers. The other two are an old house with septic and a remodeled house with a large addition. Essentially zero inventory.

    I think there were over 20 at the beginning of last year.

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