Inventory Watch – Creeping Higher

by | Jul 1, 2013 | Inventory | 1 comment

The previous period had 100 new NSDCC listings, and 69 new pendings.

In the last week we had a 86:64 mix of new listings and new pendings.  But we’ve had an overall increase of 21% in lower-end inventory, and 14% more higher-end houses for sale, since April 29th (peak frenzy):

The UNDER-$1,200,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
DOM
Avg SF
April 29
201
$384/sf
36
2,599sf
May 5
195
$381/sf
36
2,633sf
May 9
207
$387/sf
35
2,624sf
May 18
241
$397/sf
33
2,566sf
May 23
236
$397/sf
34
2,529sf
May 30
230
$391/sf
35
2,591sf
June 5
229
$393/sf
35
2,577sf
June 11
239
$390/sf
34
2,569sf
June 17
246
$389/sf
36
2,577sf
June 24
255
$397/sf
36
2,535sf
July 1
244
$401/sf
38
2,526sf

The OVER-$1,200,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
DOM
Avg SF
April 29
620
$806/sf
94
5,183sf
May 5
606
$806/sf
93
5,223sf
May 9
628
$808/sf
93
5,150sf
May 18
653
$807/sf
92
5,161sf
May 23
661
$814/sf
92
5,141sf
May 30
659
$805/sf
95
5,222sf
June 5
663
$794/sf
96
5,185sf
June 11
672
$779/sf
96
5,163sf
June 17
661
$787/sf
99
5,164sf
June 24
679
$791/sf
98
5,097sf
July 1
705
$785/sf
94
5,084sf

Demand is still strong, but it should get pickier as the market quiets down towards the end of summer.

Meanwhile, Carmel Valley continues to sell everything priced remotely close to reasonable – here are the active listings of houses for sale, and solds in last 90 days:

Carmel Valley Inventory

http://www.redfin.com/zipcode/92130

Carmel Valley Pricing:

http://www.redfin.com/zipcode/92130

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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. Jim the Realtor
    Jim the Realtor on July 1, 2013 at 8:59 am

    We can probably expect the rest of the year to be the Big Meander, while we try to walk off this frenzy hangover.

    Those sellers who carefully planned to sell during the peak of the season have been successful, and now we’re left with those who priced too high and are wondering if they missed the boat, and the occasioanl unplanned listing.

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