Inventory Watch

There are times when the general market is in a funk and homes aren’t selling – when it’s easy to think, “Oh this is it, we’re cooked”.

There are also times when the market erupts, and a series of homes that have been languishing for months and/or homes that appear overpriced go pending – which then triggers additional pendings nearby.

Our market is having one of those surges right now!

Not just a couple here and there – we have had dozens of NSDCC homes go pending in the last 10-14 days that have been listed for months, or priced so high you’d think they don’t have a chance.

You sure want to be on the market when that happens!

Richard and I both sold our listings featured here on Friday, and in my case, Tom’s house was the third one listed over $900,000 in South Oceanside to go pending in the last week!

Get Good Help!

The UNDER-$1,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	36	$477/sf	51	58
Jan 8	35	$479/sf	42	56
Jan 15	39	$469/sf	37	53
Jan 22	37	$453/sf	42	62
Jan 29	38	$459/sf	35	64
Feb 5	41	$463/sf	26	69
Feb 12	39	$461/sf	20	73
Feb 19	42	$456/sf	20	72
Feb 26	53	$451/sf	20	81
Mar 5	47	$457/sf	24	79
Mar 12	60	$434/sf	19	87
Mar 19	67	$478/sf	21	81
Mar 26	61	$477/sf	23	86
Apr 2	50	$464/sf	24	95
Apr 9	56	$471/sf	23	93
Apr 16	61	$464/sf	24	93
Apr 23	59	$459/sf	25	96
Apr 30	61	$466/sf	27	95
May 7	67	$472/sf	20	89
May 14	66	$480/sf	21	95
May 21	81	$474/sf	21	85
May 28	83	$438/sf	24	91
Jun 4	80	$442/sf	27	97
Jun 11	81	$427/sf	27	91
Jun 18	88	$442/sf	29	78
Jun 25	93	$442/sf	31	77
Jul 2	96	$443/sf	30	76
Jul 9	98	$447/sf	33	65
Jul 16	98	$445/sf	34	78
Jul 23	97	$436/sf	34	68
Jul 30	116	$433/sf	32	71
Aug 6	111	$434/sf	31	64
Aug 13	115	$434/sf	34	64
Aug 20	110	$426/sf	37	58
Aug 27	117	$430/sf	36	64
Sep 3	109	$427/sf	38	62
Sep 10	113	$436/sf	36	61
Sep 17	117	$439/sf	36	59
Sep 24	109	$440/sf	37	61
Oct 1	100	$441/sf	40	67
Oct 8	106	$441/sf	40	66
Oct 15	112	$434/sf	43	57
Oct 22	111	$426/sf	42	63
Oct 29	114	$422/sf	41	64
Nov 5	110	$418/sf	44	58

The $1,000,000 – $1,500,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	91	$532/sf	72	68
Jan 8	99	$551/sf	64	64
Jan 15	96	$535/sf	61	75
Jan 22	107	$515/sf	63	82
Jan 29	108	$512/sf	57	91
Feb 5	110	$518/sf	49	100
Feb 12	117	$487/sf	46	106
Feb 19	107	$500/sf	45	114
Feb 26	112	$485/sf	46	117
Mar 5	111	$496/sf	45	115
Mar 12	126	$475/sf	43	109
Mar 19	125	$487/sf	47	129
Mar 26	133	$484/sf	47	124
Apr 2	139	$495/sf	47	121
Apr 9	148	$485/sf	51	119
Apr 16	145	$474/sf	45	114
Apr 23	162	$470/sf	43	117
Apr 30	162	$486/sf	42	121
May 7	180	$495/sf	40	117
May 14	182	$491/sf	41	127
May 21	184	$475/sf	40	135
May 28	188	$473/sf	40	139
Jun 4	189	$469/sf	43	148
Jun 11	199	$469/sf	45	142
Jun 18	193	$465/sf	44	143
Jun 25	211	$476/sf	39	141
Jul 2	206	$483/sf	41	142
Jul 9	201	$483/sf	45	146
Jul 16	200	$502/sf	44	145
Jul 23	217	$504/sf	45	148
Jul 30	210	$493/sf	48	154
Aug 6	209	$493/sf	45	146
Aug 13	214	$496/sf	44	147
Aug 20	205	$494/sf	46	145
Aug 27	211	$493/sf	46	134
Sep 3	207	$486/sf	45	129
Sep 10	211	$489/sf	47	125
Sep 17	194	$483/sf	49	120
Sep 24	209	$476/sf	49	108
Oct 1	207	$476/sf	48	107
Oct 8	201	$481/sf	48	110
Oct 15	203	$487/sf	48	110
Oct 22	203	$492/sf	48	108
Oct 29	204	$495/sf	51	104
Nov 5	204	$490/sf	53	98

The $1,500,000 – $2,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	84	$612/sf	86	40
Jan 8	98	$612/sf	73	42
Jan 15	98	$607/sf	73	42
Jan 22	111	$589/sf	63	42
Jan 29	120	$577/sf	61	45
Feb 5	114	$586/sf	56	51
Feb 12	118	$566/sf	52	57
Feb 19	121	$596/sf	53	64
Feb 26	122	$596/sf	53	64
Mar 5	125	$593/sf	56	70
Mar 12	131	$602/sf	53	67
Mar 19	120	$598/sf	58	74
Mar 26	121	$596/sf	57	75
Apr 2	128	$593/sf	55	70
Apr 9	140	$612/sf	54	66
Apr 16	146	$617/sf	50	67
Apr 23	149	$616/sf	53	78
Apr 30	152	$605/sf	60	81
May 7	157	$618/sf	63	85
May 14	158	$614/sf	63	87
May 21	154	$637/sf	54	82
May 28	146	$633/sf	58	80
Jun 4	149	$614/sf	54	76
Jun 11	158	$615/sf	50	83
Jun 18	164	$606/sf	53	77
Jun 25	160	$606/sf	56	73
Jul 2	160	$607/sf	56	69
Jul 9	160	$590/sf	63	65
Jul 16	160	$591/sf	63	66
Jul 23	156	$587/sf	65	67
Jul 30	158	$582/sf	68	69
Aug 6	165	$590/sf	59	70
Aug 13	166	$596/sf	58	72
Aug 20	172	$608/sf	61	67
Aug 27	171	$622/sf	66	65
Sep 3	172	$611/sf	67	64
Sep 10	176	$603/sf	69	52
Sep 17	177	$613/sf	70	56
Sep 24	174	$618/sf	72	56
Oct 1	164	$624/sf	73	57
Oct 8	169	$612/sf	68	57
Oct 15	174	$612/sf	69	51
Oct 22	171	$602/sf	69	55
Oct 29	159	$601/sf	73	57
Nov 5	158	$601/sf	68	63

The $2,000,000+ Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	341	$1,021/sf	127	56
Jan 8	356	$1,007/sf	123	49
Jan 15	370	$991/sf	115	48
Jan 22	375	$992/sf	110	47
Jan 29	384	$1,005/sf	109	56
Feb 5	387	$1,005/sf	111	56
Feb 12	379	$1,004/sf	107	63
Feb 19	399	$990/sf	104	69
Feb 26	400	$990/sf	101	75
Mar 5	398	$1,022/sf	97	79
Mar 12	406	$1,017/sf	99	89
Mar 19	430	$1,020/sf	97	79
Mar 26	455	$0/sf	92	71
Apr 2	453	$0/sf	94	67
Apr 9	462	$0/sf	94	66
Apr 16	473	$0/sf	95	66
Apr 23	482	$0/sf	95	70
Apr 30	476	$0/sf	94	74
May 7	486	$0/sf	92	72
May 14	493	$0/sf	91	84
May 21	510	$0/sf	92	79
May 28	504	$0/sf	95	90
Jun 4	488	$0/sf	94	102
Jun 11	502	$0/sf	95	99
Jun 18	524	$0/sf	93	91
Jun 25	525	$0/sf	92	78
Jul 2	516	$0/sf	94	78
Jul 9	519	$0/sf	96	73
Jul 16	521	$0/sf	98	80
Jul 23	539	$0/sf	98	82
Jul 30	550	$0/sf	101	82
Aug 6	544	$0/sf	101	81
Aug 13	556	$0/sf	100	78
Aug 20	562	$0/sf	100	76
Aug 27	552	$0/sf	102	74
Sep 3	541	$0/sf	105	65
Sep 10	543	$0/sf	106	72
Sep 17	550	$0/sf	106	78
Sep 24	545	$0/sf	107	80
Oct 1	528	$0/sf	106	81
Oct 8	523	$0/sf	107	84
Oct 15	523	$0/sf	107	82
Oct 22	528	$0/sf	106	80
Oct 29	523	$0/sf	110	81
Nov 5	505	$0/sf	108	84

Weekly NSDCC New Listings and New Pendings

Week	New Listings	New Pendings	Total Pendings
Jan 1, 2018	18	15
Jan 8	89	31
Jan 15	87	43
Jan 22	87	43
Jan 29	81	48	244
Feb 5	77	53	262
Feb 12	74	53	280
Feb 19	89	55	295
Feb 26	87	57	318
Mar 5	84	62	328
Mar 12	107	61	339
Mar 19	88	59	350
Mar 26	99	55	347
Apr 2	87	66	346
Apr 9	106	58	336
Apr 16	98	54	331
Apr 23	108	67	353
Apr 30	98	70	362
May 7	138	68	355
May 14	99	78	386
May 21	115	63	369
May 28	92	84	387
Jun 4	91	77	410
Jun 11	100	56	401
Jun 18	103	54	376
Jun 25	105	54	358
Jul 2	83	78	361
Jul 9	74	50	342
Jul 16	109	83	361
Jul 23	101	54	357
Jul 30	97	67	364
Aug 6	101	60	349
Aug 13	103	54	350
Aug 20	89	58	334
Aug 27	83	46	325
Sep 3	80	59	312
Sep 10	83	46	302
Sep 17	91	53	305
Sep 24	85	41	296
Oct 1	95	47	302
Oct 8	93	55	307
Oct 15	84	40	291
Oct 22	101	51	298
Oct 29	69	55	299
Nov 5	75	49	293

Jim the Realtor

Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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Jim Klinge

Klinge Realty Group

Broker-Associate, Compass

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