We figure a ‘healthy’ market has a 2:1 ratio of active listings to pendings. Here is our last look at the actives/pendings ratio, from March 23rd:
Area |
Zip Code |
ACT |
PEND |
Ratio |
Median LP of ACT |
Cardiff |
92007 |
19 |
11 |
1.73 |
$2,449,000 |
Carlsbad NW |
92008 |
36 |
26 |
1.38 |
$1,285,000 |
Carlsbad SE |
92009 |
90 |
70 |
1.29 |
$1,189,000 |
Carlsbad NE |
92010 |
7 |
23 |
0.30 |
$740,000 |
Carlsbad SW |
92011 |
34 |
36 |
0.94 |
$1,062,450 |
Del Mar |
92014 |
69 |
13 |
5.31 |
$2,580,000 |
Encinitas |
92024 |
92 |
50 |
1.84 |
$1,811,500 |
La Jolla |
92037 |
187 |
53 |
3.53 |
$2,995,000 |
RSF |
92067 |
232 |
32 |
7.25 |
$3,195,000 |
Solana Bch |
92075 |
24 |
8 |
3.00 |
$1,962,500 |
Carmel Vly |
92130 |
110 |
77 |
1.43 |
$1,490,000 |
All Above |
All |
900 |
399 |
2.26 |
$2,150,000 |
The market was humming along at the end of March, judging by how many areas have their A/P ratio under 2.0.
Today there are 17% more houses for sale, and 7% more pendings, which seems fairly healthy at a 2.46 ratio overall. The majority of areas (6 of 11) are under 2.0 too, and to no one’s surprise, they are the cheaper areas:
Area |
Zip Code |
ACT |
PEND |
Ratio |
Median LP of ACT |
Cardiff |
92007 |
21 |
9 |
2.33 |
$1,650,000 |
Carlsbad NW |
92008 |
45 |
23 |
1.96 |
$1,206,908 |
Carlsbad SE |
92009 |
113 |
69 |
1.64 |
$1,250,000 |
Carlsbad NE |
92010 |
13 |
18 |
0.72 |
$785,000 |
Carlsbad SW |
92011 |
53 |
34 |
1.56 |
$1,149,000 |
Del Mar |
92014 |
73 |
23 |
3.17 |
$2,475,000 |
Encinitas |
92024 |
108 |
81 |
1.33 |
$1,650,000 |
La Jolla |
92037 |
221 |
46 |
4.80 |
$2,995,000 |
RSF |
92067 |
247 |
30 |
8.23 |
$3,199,000 |
Solana Bch |
92075 |
26 |
9 |
2.89 |
$2,472,500 |
Carmel Vly |
92130 |
132 |
86 |
1.53 |
$1,497,000 |
All Above |
All |
1,052 |
428 |
2.46 |
$2,098,500 |
Take out Rancho Santa Fe and the NSDCC overall ratio is 2.04!
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!