The active listings of detached homes from La Jolla to Carlsbad:
|Date||NSDCC Listings||Avg. LP $$/sf|
In February, there were 369 new listings, and 297 listings that went pending (not counting contingents) – slightly slower than our last reading of early February when it was a 1:1 ratio of new listings to pendings.
The average list price of February’s pendings was $439/sf, so it is the higher-end product that is sluggish.
It wouldn’t take much to slow this train down.
If we have 15-20 Carmel Valley resale homes under $1,000,000 get listed in March, it would soak up some of the demand, and leave everyone else wondering what to expect. But that is a big IF – only two have listed so far, one at $979,000 and the other at $999,999.