We saw that last month’s NSDCC closings looked weak, compared to September, 2012 (254 vs 289). But look how October has started, and there will be late-reporters adding to this year’s total:
| Oct. 1-10 Closings |
#Sales |
Avg. $/sf |
| 2011 |
34 |
$410/sf |
| 2012 |
86 |
$376/sf |
| 2013 |
87 |
$533/sf |
The inventory is staying under control, though there have been more cancellations/withdrawns/expireds in the last 30 days than in the same period last year (203 vs 156).
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 |
| Oct 14 |
278 |
$398/sf |
43 |
2,432sf |
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 |
| Oct 14 |
719 |
$780/sf |
111 |
4,965sf |
It doesn’t appear that the government shutdown is having much effect:
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 |
| Oct 14 |
78 |
53 |
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
