Let’s use the $1,400,000 price point to show how hot the lower-end market is between Carlsbad and La Jolla. When the active and pending listings are running at a 2 to 1 clip, I consider the market to be relatively healthy – and when you look at our overall market, we are about there:
NSDCC Listings
| Listing Status | |||
| Actives | |||
| Pendings |
The Actives:Pendings ratio = 2.08, which is a good start to the selling season.
But when we separate into two sets of data, it is easy to see where the market has been blistering hot:
NSDCC Listings Priced at $1,400,000 and Above:
| Listing Status | |||
| Actives | |||
| Pendings |
The Actives:Pendings ratio is 3.76 for the high-enders, which is pretty good, relatively-speaking – it has been much higher in the past.
But let’s look at the lower-end:
NSDCC Listings Priced at $1,400,000 and Below:
| Listing Status | |||
| Actives | |||
| Pendings |
The Actives:Pendings ratio is 0.86 – the lower-end has 33 more pendings than actives, and it’s only March 14th! The 42 average days on market could be seen as the average time it takes for the market to catch up to your price – quick!
