Let’s examine by zip code where the market might be slowing recently. These are the detached-home sales for the second quarter, plus the current number of pendings in each area:
Area | |||||
Cardiff | |||||
Carlsbad NW | |||||
Carlsbad SE | |||||
Carlsbad NE | |||||
Carlsbad SW | |||||
Del Mar | |||||
Encinitas | |||||
La Jolla | |||||
RSF | |||||
Solana Bch | |||||
Carmel Vly | |||||
All Above |
If the numbers for 2Q18 are remarkably under the first two columns, and the number of pendings are so low that the 3Q18 doesn’t look promising either, then you can figure that the market is soft, and getting softer in that zip code (Cardiff, Carlsbad SW, & Encinitas).