fbpx

An update on the Actives/Pendings report – does anyone remember when it was called the Jim Ratio? One day fellow realtor Peter B. agreed with me that a 2:1 ratio of active listings to pendings were a normal market, and boom, the Jim Ratio was born.

The Under-$1,000,000 market is scorching, with more pendings than active listings in every area!  The Over-$1,000,000 market is fairly healthy looking too, and better than it’s been has since we’ve kept track.

Detached-Home Listings UNDER $1,000,000

Town or Area Actives Pend/Cont A/P Ratio
Carmel Vly
16
42
0.38
Encinitas
17
44
0.39
Carlsbad
92
179
0.51
LJ/DM/RSF/SB
24
31
0.77
Totals
149
298
0.50

Detached-Home Listings OVER $1,000,000

Town or Area Actives Pend/Cont A/P Ratio
Carmel Vly
50
29
1.72
Encinitas
58
30
1.93
Carlsbad
47
19
2.47
LJ/DM/RSF/SB
383
92
4.16
Totals
538
170
3.16

Contingents make up 18% of the total Pend/Cont count, and are as good as pending these days when buyers who have been hanging on for months might reap a windfall of sudden appreciation. It is a feeding frenzy!

Pin It on Pinterest