The Under-$1,200,000 market has been fairly steady lately, but those sellers higher up must be feeling a little lonely:
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 |
| July 8 |
256 |
$398/sf |
38 |
2,530sf |
| July 15 |
269 |
$403/sf |
38 |
2,486sf |
| July 22 |
258 |
$401/sf |
39 |
2,442sf |
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 |
| July 8 |
702 |
$779/sf |
95 |
5,100sf |
| July 15 |
736 |
$776/sf |
94 |
5,038sf |
| July 22 |
748 |
$782/sf |
96 |
5,043sf |
Below shows a big week of new pendings – the busiest week of summer, in spite of Opening Day and Comic-Con. Apparently the buyers aren’t done yet, as long as there are enough sellers willing to get their price right.
Weekly NSDCC New Listings and New Pendings
| Week |
New Listings |
New Pendings |
| May 30 |
70 |
84 |
| June 5 |
87 |
64 |
| June 11 |
77 |
69 |
| June 17 |
73 |
66 |
| June 24 |
100 |
69 |
| July 1 |
86 |
64 |
| July 8 |
81 |
53 |
| July 15 |
106 |
54 |
| July 22 |
105 |
89 |
JtR,
What do you make of Housingtracker? They’ve been showing a big increase in inventory and then today it’s like 4,000 homes sold in a week.
http://www.deptofnumbers.com/asking-prices/california/san-diego/
12,298 to 8,165. Looks like they messed up today or have been messing up for a while.
Or, there has been an amazing week of sales like never before.
Ken pointed that out to me a month ago and we agreed that they must have had a blip in their system, which now looks corrected.
I like following their trend lines, but I have never figured out why their specific numbers are so high.
Today’s MLS shows 6,241 detached, attached, and mobile homes for sale. If you add the 2-4 unit properties for sale, it only increases by 261 to 6,502.
They say they track for-sale-by-owners plus others, but hard to believe that those could add another 1,663 but I guess it is possible.
Doomer delight:
http://mhanson.com/archives/1391