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September, 2013 is wrapping up, and currently this month’s closings of NSDCC detached-homes are averaging $468/sf, which is 7% above last month’s $436/sf, and 25% higher than last September’s $373/sf.

But there have only been 220 closed sales, with one day left plus late reporters. Last September we had 289 closings, back when the frenzy was taking root.

But with much higher pricing, we can expect fewer sales. In September 2010 we had 220 sales, and in 2011 we had 228 sales, and in both months the average pricing was under $400/sf:

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
Aug 26
308
$392/sf
41
2,469sf
Sep 2
304
$395/sf
41
2,453sf
Sep 9
303
$402/sf
40
2,453sf
Sep 16
309
$395/sf
39
2,463sf
Sep 23
311
$398/sf
40
2,431sf
Sep 30
293
$398/sf
42
2,448sf

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
Aug 26
740
$781/sf
106
4,962sf
Sep 2
736
$773/sf
107
4,928sf
Sep 9
724
$781/sf
108
5,006sf
Sep 16
738
$773/sf
107
4,993sf
Sep 23
736
$776/sf
109
4,953sf
Sep 30
717
$765/sf
111
4,954sf

Reader elbarcosr suggested that “it would be interesting to see how different the upper end would look if the numbers were for 1.2-2.5 which would capture the higher end of Carmel Valley, low to mid RSF and most of the coast…. while eliminating the uber high end which, for the most part, is not swayed by buyer frenzies and daily ticks of the interest rates….”.

This is what the split looks like today, I’ll see about re-formatting the whole group for next week:

The $1,200,000 – $2,500,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
DOM
Avg SF
Sept 30
361
$552/sf
77
3,604sf

The OVER $2,500,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
DOM
Avg SF
Sept 30
364
$973/sf
145
6,283sf

We had a strong week below – can the media quit saying that higher rates are killing the market? Once sellers get their price right, there appears to be plenty of buyers. Price will fix anything!

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
Aug 26
87
77
Sep 2
76
55
Sep 9
85
58
Sep 16
102
61
Sep 23
84
54
Sep 30
73
80

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