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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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