Happy Easter! There were 110 new listings in NSDCC since March 24, yet the active-inventory went down – the market is hopping like the Easter bunny!
| Date | NSDCC Listings | Avg. LP $$/sf |
| Jan 14 | ||
| Feb 4 | ||
| Feb 10 | ||
| Feb 25 | ||
| March 6 | ||
| March 11 | ||
| March 16 | ||
| March 23 | ||
| March 31 |
There have been 269 closings reported in March, with a few more expected this week. But using the 269, it’s only a 2.8-month supply going into April.
I wish Redfin would fix their zip-code stats. They have been broken since Feb. 25.
I’ve bothered them three times about it. First time they said they were working on it. Last two times they just ignored me.
$717 a sq ft… sounds too high. How are you computing that number?
I’m just the messenger – taking it from Sandicor stats.
If you take out Carlsbad, Cardiff, and Encinitas, the list prices average $820/sf.
Two conclusions?
Either sellers are very optimistic, or it takes a lot not to sell.