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In June, we checked the local markets by comparing their active-to-pending ratios, which historically have been relatively ‘healthy’ when around 2.0.

Since then, the ratios in four of the eleven areas have improved (gone lower), including Del Mar, La Jolla and Rancho Santa Fe – wow!

Area
Zip Code
June ACT/PEND
Aug ACT/PEND
June Ratio
Aug Ratio
Cardiff
92007
21/9
28/8
2.3
3.5
Carlsbad NW
92008
45/23
54/24
2.0
2.3
Carlsbad SE
92009
113/69
120/59
1.6
2.0
Carlsbad NE
92010
13/18
17/19
0.7
0.9
Carlsbad SW
92011
53/34
47/32
1.6
1.5
Del Mar
92014
73/23
68/27
3.2
2.5
Encinitas
92024
108/81
118/66
1.3
1.8
La Jolla
92037
221/46
215/49
4.8
4.4
RSF
92067
247/30
246/39
8.2
6.3
Solana Bch
92075
26/9
31/8
2.9
3.9
Carmel Vly
92130
132/80
116/64
1.5
1.8
All Above
All
1,052/428
1,060/395
2.5
2.7

Most importantly, there hasn’t been any explosions of additional active (unsold) inventory in a month when we usually see the peaks of the year.

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