NSDCC January Listings and Sales

by | Feb 18, 2020 | Jim's Take on the Market, North County Coastal, NSDCC Pendings, Sales and Price Check | 4 comments

Our January sales count of detached-homes between La Jolla and Carlsbad was impressive, and comparable to the good old days!

NSDCC January Sales & Listings

Year
# of Sales
Median SP
Avg. Cost-per-sf
# of New Jan. Listings
2013
185
$845,000
$379/sf
410
2014
182
$1,072,500
$501/sf
413
2015
166
$1,221,500
$511/sf
405
2016
171
$1,092,000
$553/sf
471
2017
175
$1,180,000
$518/sf
394
2018
151
$1,320,000
$573/sf
426
2019
152
$1,300,000
$532/sf
419
2020
183
$1,430,000
$607/sf
339

In spite of all-time record pricing, the number of January listings really dried up, compared to previous Januarys – and 40% of last month’s listings are already pending or sold. How you feel about the inventory shortage depends somewhat on your price range too – here is the recent history:

NSDCC Number of January Listings by Price Range

Year
# Under-$1M
$1M – $2M
$2M – $3M
Over $3M
2013
186
123
50
56
2014
159
150
56
57
2015
138
162
50
62
2016
128
205
85
70
2017
101
163
71
71
2018
69
206
86
69
2019
74
201
66
85
2020
45
157
74
73

For those hoping to buy a house priced under a million, the dwindling number of listings is daunting. But the inventory over $1,000,000 has been relatively stable – no big surge there.

4 Comments

  1. Rob_Dawg
    Rob_Dawg on February 18, 2020 at 11:02 am

    So the median home has been “earning” every year more than many of us make every year.

  2. Jim the Realtor
    Jim the Realtor on February 18, 2020 at 11:07 am

    Yep, and who would have thought that stopping foreclosures and letting non-payers live in the house for years was the ANSWER!

  3. Rob_Dawg
    Rob_Dawg on February 18, 2020 at 11:19 am

    That’s okay. Sacramento is preparing to tear up centuries of local zoning authority to cram density almost everywhere. That will pull back at least all those gains.

  4. Tom
    Tom on February 19, 2020 at 2:32 pm

    It will also help keep a lot of Californians stuck in California unable to sell and leave (like many are contemplating)

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