Inventory Watch – Percolating

Written by Jim the Realtor

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August 19, 2013

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2 Comments

The inventory counts should settle down in the coming months due to the sellers’ perception that this is the off-season, and the distraction of the Chargers’ run for the Super Bowl.

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
July 29	262	$386/sf	39	2,493sf
Aug 5	287	$393/sf	38	2,495sf
Aug 12	300	$391/sf	40	2,521sf
Aug 19	304	$395/sf	41	2,491sf

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
July 29	736	$782/sf	100	5,057sf
Aug 5	754	$765/sf	100	5,024sf
Aug 12	750	$767/sf	102	5,032sf
Aug 19	742	$769/sf	104	5,009sf

As long as the new pendings keep pouring in, nothing else matters. The market is pure enough that supply and demand will balance out the rest:

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
July 29	71	74
Aug 5	105	64
Aug 12	77	61
Aug 19	88	73

2 Comments

livinincali on August 19, 2013 at 1:32 pm

and the distraction of the Chargers’ run for the Super Bowl.

Too funny.

What’s more likely Chargers winning the super bowl or home prices falling?
Jim the Realtor on August 19, 2013 at 1:37 pm

I think most would bet against the Chargers winning the Super Bowl vs just about anything else.

Unless they are doing the rope-a-dope?