Inventory Watch –

January 13, 2014

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The number of homes for sale under $1,400,000 is still in decline, while above that has started to build. Any surge in either direction will be noteworthy. Maybe now that the Chargers’ run is over (and temperatures will be near 80 degrees this week), we will see more action:

North SD County’s Coastal Region (La Jolla-to-Carlsbad)

The UNDER-$800,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
November 25	95	$376/sf	47	1,988sf
December 2	79	$371/sf	50	2,047sf
December 9	72	$383/sf	43	1,954sf
December 16	81	$378/sf	42	1,948sf
December 23	77	$374/sf	49	1,937sf
December 30	76	$373/sf	51	1,950sf
January 6	74	$370/sf	49	1,995sf
January 13	71	$381/sf	44	1,921sf

The $800,000 – $1,400,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
November 25	245	$448/sf	61	2,856sf
December 2	239	$448/sf	64	2,851sf
December 9	226	$461/sf	65	2,812sf
December 16	211	$464/sf	66	2,794sf
December 23	197	$453/sf	73	2,813sf
December 30	173	$450/sf	78	2,821sf
January 6	170	$470/sf	65	2,757sf
January 13	168	$463/sf	59	2,764sf

The $1,400,000 – $2,400,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
November 25	227	$580/sf	81	3,692sf
December 2	222	$588/sf	85	3,653sf
December 9	219	$586/sf	87	3,636sf
December 16	211	$593/sf	88	3,627sf
December 23	196	$601/sf	94	3,581sf
December 30	190	$597/sf	100	3,591sf
January 6	175	$595/sf	97	3,594sf
January 13	184	$600/sf	92	3,590sf

The OVER-$2,400,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
November 25	340	$1,040/sf	159	6,347sf
December 2	330	$1,049/sf	160	6,342sf
December 9	318	$1,057/sf	163	6,392sf
December 16	317	$1,049/sf	163	6,420sf
December 23	302	$1,063/sf	169	6,405sf
December 30	285	$1,074/sf	174	6,460sf
January 6	285	$1,073/sf	171	6,477sf
January 13	295	$1,057/sf	168	6,480sf

The new pendings this week were balanced, price-wise. The median list price for the 44 new pendings was around $1,035,000:

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
Oct 21	70	63
Oct 28	54	40
Nov 4	63	53
Nov 11	49	64
Nov 18	52	44
Nov 25	48	40
Dec 2	25	34
Dec 9	45	47
Dec 16	56	46
Dec 23	21	39
Dec 30	14	23
Jan 6	63	25
Jan 13	75	44