Inventory Watch – Busy

by | Jul 22, 2013 | Inventory, North County Coastal | 3 comments

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

3 Comments

  1. Mozart
    Mozart on July 22, 2013 at 2:22 pm

    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.

  2. Jim the Realtor
    Jim the Realtor on July 22, 2013 at 2:32 pm

    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.

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