Inventory Watch – Restrained

February 24, 2014

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For the analytical folks, compare the December 16th data to today’s numbers. On 12/16/13, the two middle categories had the exact same number of active listings. Today, the red-hot $800,000 – $1,400,000 category has 11% fewer listings than on December 16 (though the average LP/sf dropped 6% too), and the $1.4 to $2.4 category has the same number of listings as on December 16th. The potential for frenzy looks limited to just those on the lower end:

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
February 10	82	$395/sf	38	1,927sf
February 17	85	$387/sf	35	1,929sf
February 24	90	$383/sf	37	2,008sf

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
February 10	175	$443/sf	51	2,852sf
February 17	180	$447/sf	50	2,803sf
February 24	188	$438/sf	44	2,846sf

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
February 10	205	$583/sf	76	3,687sf
February 17	216	$582/sf	72	3,729sf
February 24	211	$584/sf	77	3,744sf

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
February 10	315	$1,024/sf	146	6,519sf
February 17	315	$1,030/sf	148	6,572sf
February 24	314	$1,028/sf	148	6,611sf

This week was very similar to last week, with a steady flow of pendings (avg DOM = 31, median DOM = 11):

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
Feb 10	95	59
Feb 17	81	76
Feb 24	80	70