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From time to time we judge the current ‘health’ of the market by dividing the active listings by the pending listings.  For the record, it was Peter B. who agreed with me years ago that the healthy balance is around two actives to one pending.  The ‘months of inventory’ is derived from dividing the actives by the September solds.

Area
Zip Code
ACT
PEND
Ratio
Mo. of Inv
Median LP of ACT
Cardiff
92007
13
15
0.86
1.9
$1,580,000
Carlsbad NW
92008
36
21
1.71
2.1
$1,024,500
Carlsbad SE
92009
107
52
2.06
1.8
$1,075,000
Carlsbad NE
92010
15
21
0.71
1.4
$753,000
Carlsbad SW
92011
52
21
2.48
2.5
$972,000
Del Mar
92014
59
23
2.57
4.5
$2,975,000
Encinitas
92024
100
68
1.47
2.8
$1,595,000
La Jolla
92037
190
44
4.32
8.3
$2,995,000
RSF
92067
232
29
8.00
12.9
$3,354,000
Solana Bch
92075
33
6
5.50
5.5
$1,745,000
Carmel Vly
92130
133
58
2.29
4.0
$1,299,000
All Above
All
970
358
2.71
4.0
$1,989,500

The 8-to-1 actives-to-pendings ratio and the 13 months of inventory in Rancho Santa Fe can probably classify it as a buyer’s market.  But even with our substantially higher prices, the other areas look fairly healthy.

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