Active/Pending stats for detached-homes between La Jolla and Carlsbad:
|Oct 28, 2015|
|Feb 1, 2016|
|Mar 23, 2016|
|June 21, 2016|
|Aug 17, 2016|
|Dec 4, 2016|
|Apr 21, 2017|
|July 16, 2018|
|Oct 28, 2018|
|Feb 3, 2019|
NSDCC Actives Median List Price = $2,250,000 in October. It’s $2,275,000 today.
NSDCC Pendings Median LP = $1,399,000 in October. It’s $1,312,500 today.
The pendings are just a little slower, but we’re about the same as in 2016. We’ve had it so good for so long, we really shouldn’t be concerned if the market backs off a tad from here. Let’s check again towards the end of March!
Here are the Actives/Pendings ratios for each area:
It’s a random selection of dates, but no real big concerns here. The higher-end areas (especially Rancho Santa Fe) don’t worry themselves with the law of supply and demand – they just wait their turn. The rest look fine.