So far, last month’s NSDCC sales are 15% below those in September, 2012 (September sales for San Diego County are -12% YoY). However, the average pricing is up 26%, and NSDCC sales for the first nine months of 2013 are +9% higher than the first nine months of 2012.
Yet we should start hearing how the real estate market is falling apart due to the shutdown, higher rates, etc., when actually we’re doing great considering we’re in frenzy-hangover mode:
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 |
| Oct 7 |
280 |
$394/sf |
43 |
2,451sf |
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 |
| Oct 7 |
709 |
$769/sf |
111 |
4,960sf |
The new listings/new pendings were more in line with expectations this week – fewer sellers getting lucky. But hitting 50-60 new pendings per week in the off-season is pretty good:
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 |
| Oct 7 |
80 |
61 |
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