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 |
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
Too funny.
What’s more likely Chargers winning the super bowl or home prices falling?
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?