Inventory Watch – Season Starts Now

Written by Jim the Realtor

February 3, 2014

The inventory continues to be tight, and the weekly-new-pendings count has risen nicely around NSDCC – buyers are ready to go! The majority of the action remains on the lower end, with 72% of the 2014 new pendings priced under $1,400,000, with a median list price of $995,000:

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
January 20
72
$384/sf
41
1,877sf
January 27
75
$399/sf
40
1,891sf
February 3
78
$409/sf
41
1,876sf

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
January 20
174
$444/sf
51
2,882sf
January 27
166
$435/sf
52
2,902sf
February 3
165
$441/sf
53
2,857sf

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
January 20
187
$589/sf
83
3,663sf
January 27
195
$589/sf
80
3,649sf
February 3
196
$573/sf
78
3,730sf

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
January 20
297
$1,050/sf
157
6,537sf
January 27
307
$1,041/sf
152
6,513sf
February 3
297
$1,048/sf
152
6,545sf

We should see over 100 new listings this week:

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
Jan 20
98
51
Jan 27
71
56
Feb 3
74
63

3 Comments

  1. elbarcosr

    Curious, how far east do you include in your numbers? I assume you are including all of la jolla, but does that go east of the 5 at all? When you get up to Carmel Valley and the Ranch, do you capture the Crosby, Santa Luz, Torrey Highlands and the like or just stick with 92067 and 92130? When you get up to Carlsbad, I assume you include all of Carlsbad, but draw the line at San Elijo Hills etc… Just trying to get a feel for what these numbers reflect. I guess “coastal” ultimately is eye of the beholder. It’s like asking a group of people from different parts of the country what is ‘west’ and what is ‘midwest’ and what is ‘south’ and what is ‘east’. You’d be suprised how perceptions differ based on where you grew up in the Country, but that is a bit off topic.

  2. Jim the Realtor

    I search by zip codes:

    92007,92008,92009,92010,92011,92014,92024,92037,92067,92075,92091,92130

    It leaves out PB, UTC, UC, 4S, Crosby, Santaluz, and San Elijo Hills.

    There are many who say that there is no life east of 5, but the data set needs to be big enough to soften the noise, and include a variety of price ranges. No condos though, just detached-homes.

  3. elbarcosr

    That is a fair sample. If you did just west of 5, I suspect the 800-1.4 category would be pretty slim pickings. 10-15 minutes to the beach on a Sunday morning with no freeway travel counts as coastal in my book.

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