Inventory Watch – Spring Start Over

by | May 25, 2020 | Actives/Pendings, Inventory, Jim's Take on the Market, Virus | 1 comment

We are back to having a similar number of California showings as we had in the first week of March!

It looks like we will jam the usual six-month-long selling season into just four – May through August – but only if there is enough to sell. The showings leveled off recently, and it might be because buyers have seen everything there is to see. But the total number of new actives did surge higher, but that might only mean you have 1-2 more to look at:

The 121 new listings this week is the most since we had 122 on March 11, 2019 –  yet we’re still 200+ listings behind where we were a year ago. The new pendings had a big week too with an increase of 57% over last week’s count:

Mortgage rates hit their all-time low this week, so it’s all blue sky ahead!

Weekly NSDCC New Listings and New Pendings

Week
New Listings
New Pendings
Total Pendings
Mar 16
83
55
329
Mar 23
59
31
289
Mar 30
63
31
251
Apr 6
57
21
219
Apr 13
48
17
194
Apr 20
63
29
192
Apr 27
79
40
205
May 4
86
40
208
May 11
91
48
226
May 18
95
44
224
May 25
121
69
266

Statistically, we are cranking!

NSDCC Under $1,000,000 Market

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 7
72
$469/sf
55
49
Jan 14
78
$487/sf
49
48
Jan 21
82
$488/sf
49
49
Jan 28
68
$480/sf
53
64
Feb 4
72
$483/sf
53
69
Feb 11
75
$481/sf
45
74
Feb 18
67
$482/sf
46
76
Feb 25
67
$494/sf
47
67
Mar 4
82
$478/sf
38
64
Mar 11
90
$471/sf
36
65
Mar 18
95
$475/sf
37
69
Mar 25
98
$463/sf
36
72
Apr 1
94
$462/sf
38
71
Apr 8
91
$455/sf
42
75
Apr 15
93
$463/sf
42
75
Apr 22
94
$481/sf
44
78
Apr 29
99
$469/sf
43
84
May 6
106
$466/sf
38
81
May 13
102
$470/sf
38
78
May 20
112
$453/sf
31
79
May 27
110
$464/sf
34
80
Jun 3
113
$469/sf
33
84
Jun 10
109
$463/sf
36
88
Jun 17
109
$465/sf
35
89
Jun 24
105
$474/sf
37
84
Jul 1
96
$474/sf
38
79
Jul 8
89
$472/sf
46
85
Jul 15
100
$490/sf
43
82
Jul 22
94
$494/sf
44
84
Jul 29
97
$493/sf
44
78
Aug 5
99
$490/sf
43
69
Aug 12
101
$482/sf
39
65
Aug 19
103
$487/sf
39
64
Aug 26
106
$476/sf
44
59
Sep 2
96
$471/sf
48
59
Sep 9
88
$477/sf
48
59
Sep 16
94
$474/sf
41
56
Sep 23
86
$467/sf
46
56
Sep 30
84
$467/sf
50
58
Oct 7
80
$487/sf
44
56
Oct 14
82
$478/sf
44
54
Oct 21
70
$470/sf
47
57
Oct 28
66
$458/sf
44
52
Nov 4
60
$460/sf
40
50
Nov 11
71
$462/sf
44
56
Nov 18
72
$472/sf
36
59
Nov 25
66
$473/sf
39
61
Dec 2
57
$481/sf
43
58
Dec 9
58
$458/sf
38
48
Dec 16
51
$458/sf
43
51
Dec 23
46
$463/sf
46
49
Dec 30
45
$460/sf
48
43
Jan 6
40
$453/sf
51
40
Jan 13
41
$483/sf
48
42
Jan 20
37
$467/sf
51
51
Jan 27
36
$462/sf
46
51
Feb 3
30
$464/sf
51
52
Feb 10
29
$459/sf
39
59
Feb 17
31
$451/sf
37
60
Feb 24
35
$470/sf
32
57
Mar 2
23
$454/sf
42
54
Mar 9
23
$473/sf
32
62
Mar 16
30
$476/sf
31
59
Mar 23
32
$486/sf
33
55
Mar 30
40
$475/sf
32
44
Apr 6
40
$476/sf
32
34
Apr 13
45
$486/sf
31
32
Apr 20
51
$500/sf
30
34
Apr 27
49
$485/sf
31
43
May 4
59
$477/sf
33
38
May 11
64
$485/sf
34
43
May 18
58
$491/sf
37
46
May 25
56
$480/sf
35
58

The $1,000,000 – $1,500,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 7
154
$497/sf
58
69
Jan 14
158
$489/sf
54
65
Jan 21
161
$503/sf
55
56
Jan 28
169
$489/sf
52
60
Feb 4
167
$502/sf
50
69
Feb 11
157
$504/sf
51
84
Feb 18
168
$494/sf
47
83
Feb 25
175
$494/sf
49
84
Mar 4
174
$507/sf
44
86
Mar 11
175
$501/sf
44
91
Mar 18
194
$526/sf
43
99
Mar 25
189
$510/sf
44
104
Apr 1
188
$513/sf
45
107
Apr 8
215
$512/sf
45
104
Apr 15
211
$515/sf
46
108
Apr 22
201
$513/sf
49
117
Apr 29
193
$507/sf
49
128
May 6
211
$506/sf
49
121
May 13
201
$497/sf
52
131
May 20
207
$507/sf
48
129
May 27
198
$513/sf
49
133
Jun 3
197
$510/sf
51
129
Jun 10
204
$511/sf
50
129
Jun 17
198
$506/sf
55
117
Jun 24
192
$510/sf
55
120
Jul 1
198
$503/sf
56
119
Jul 8
186
$512/sf
58
123
Jul 15
191
$504/sf
57
126
Jul 22
189
$498/sf
57
125
Jul 29
192
$494/sf
56
120
Aug 5
186
$498/sf
52
119
Aug 12
180
$486/sf
52
114
Aug 19
179
$493/sf
50
127
Aug 26
183
$518/sf
45
120
Sep 2
184
$517/sf
46
105
Sep 9
182
$508/sf
48
105
Sep 16
188
$515/sf
47
100
Sep 23
185
$530/sf
46
93
Sep 30
179
$532/sf
49
95
Oct 7
179
$533/sf
50
97
Oct 14
171
$546/sf
55
94
Oct 21
165
$551/sf
55
99
Oct 28
160
$545/sf
54
103
Nov 4
151
$541/sf
53
103
Nov 11
147
$545/sf
57
104
Nov 18
142
$563/sf
58
103
Nov 25
133
$583/sf
60
109
Dec 2
125
$559/sf
64
108
Dec 9
122
$567/sf
63
95
Dec 16
111
$566/sf
62
90
Dec 23
98
$594/sf
66
81
Dec 30
94
$597/sf
70
70
Jan 6
89
$615/sf
67
72
Jan 13
93
$598/sf
65
71
Jan 20
87
$612/sf
66
73
Jan 27
93
$589/sf
59
65
Feb 3
96
$576/sf
54
65
Feb 10
94
$559/sf
62
84
Feb 17
80
$542/sf
64
100
Feb 24
90
$530/sf
61
97
Mar 2
93
$529/sf
56
91
Mar 9
100
$537/sf
46
98
Mar 16
101
$521/sf
44
105
Mar 23
111
$522/sf
44
90
Mar 30
114
$528/sf
43
75
Apr 6
115
$528/sf
50
69
Apr 13
116
$525/sf
48
58
Apr 20
118
$539/sf
52
57
Apr 27
121
$538/sf
48
64
May 4
122
$524/sf
50
72
May 11
128
$519/sf
46
77
May 18
151
$520/sf
40
69
May 25
152
$535/sf
43
87

The $1,500,000 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 7
108
$628/sf
86
33
Jan 14
107
$647/sf
83
37
Jan 21
113
$665/sf
77
39
Jan 28
116
$676/sf
76
42
Feb 4
125
$665/sf
73
41
Feb 11
131
$670/sf
72
43
Feb 18
132
$674/sf
71
49
Feb 25
130
$670/sf
66
53
Mar 4
134
$677/sf
59
59
Mar 11
143
$674/sf
57
53
Mar 18
143
$649/sf
56
67
Mar 25
133
$642/sf
56
66
Apr 1
131
$621/sf
53
69
Apr 8
139
$618/sf
49
77
Apr 15
149
$630/sf
50
75
Apr 22
145
$616/sf
50
72
Apr 29
148
$605/sf
49
77
May 6
157
$606/sf
48
74
May 13
159
$599/sf
47
72
May 20
170
$612/sf
48
73
May 27
165
$595/sf
50
79
Jun 3
172
$607/sf
52
70
Jun 10
181
$604/sf
52
70
Jun 17
186
$610/sf
56
69
Jun 24
197
$616/sf
56
59
Jul 1
195
$600/sf
58
65
Jul 8
191
$610/sf
58
71
Jul 15
194
$601/sf
58
69
Jul 22
189
$608/sf
58
74
Jul 29
194
$606/sf
60
73
Aug 5
203
$614/sf
61
67
Aug 12
207
$612/sf
64
65
Aug 19
199
$596/sf
64
79
Aug 26
200
$598/sf
64
79
Sep 2
203
$614/sf
62
69
Sep 9
195
$600/sf
66
73
Sep 16
198
$596/sf
66
65
Sep 23
197
$590/sf
68
75
Sep 30
191
$596/sf
68
74
Oct 7
184
$608/sf
70
77
Oct 14
177
$608/sf
61
79
Oct 21
177
$600/sf
62
71
Oct 28
177
$580/sf
61
67
Nov 4
170
$595/sf
62
67
Nov 11
162
$590/sf
66
71
Nov 18
150
$602/sf
69
70
Nov 25
141
$605/sf
69
74
Dec 2
130
$600/sf
69
73
Dec 9
134
$618/sf
65
63
Dec 16
126
$620/sf
70
59
Dec 23
125
$612/sf
77
53
Dec 30
113
$627/sf
79
62
Jan 6
113
$605/sf
71
57
Jan 13, 2020
113
$664/sf
67
59
Jan 20
113
$658/sf
61
50
Jan 27
103
$654/sf
66
59
Feb 3
104
$664/sf
60
59
Feb 10
110
$667/sf
54
62
Feb 17
111
$650/sf
55
72
Feb 24
110
$634/sf
60
76
Mar 2
115
$644/sf
51
77
Mar 9
121
$665/sf
50
80
Mar 16
125
$665/sf
49
79
Mar 23
119
$665/sf
52
70
Mar 30
126
$660/sf
51
59
Apr 6
130
$650/sf
51
56
Apr 13
132
$646/sf
56
49
Apr 20
138
$658/sf
53
47
Apr 27
157
$668/sf
53
47
May 4
151
$665/sf
59
53
May 11
150
$650/sf
63
60
May 18
156
$650/sf
64
58
May 25
169
$643/sf
61
61

The $2,000,000 – $3,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Dec 30, 2019
161
$744/sf
106
33
Jan 6, 2020
147
$756/sf
97
31
Jan 13, 2020
149
$755/sf
94
27
Jan 20, 2020
150
$749/sf
89
27
Jan 27, 2020
154
$738/sf
91
29
Feb 3, 2020
162
$745/sf
86
33
Feb 10, 2020
169
$753/sf
83
33
Feb 17, 2020
166
$735/sf
81
43
Feb 24, 2020
155
$737/sf
86
58
Mar 2, 2020
156
$731/sf
78
55
Mar 9, 2020
157
$726/sf
78
61
Mar 16, 2020
166
$736/sf
75
57
Mar 23, 2020
167
$730/sf
79
45
Mar 30, 2020
163
$734/sf
80
44
Apr 6, 2020
153
$771/sf
81
37
Apr 13, 2020
159
$765/sf
78
33
Apr 20, 2020
153
$773/sf
80
37
Apr 27, 2020
156
$761/sf
82
29
May 4, 2020
165
$756/sf
77
24
May 11, 2020
162
$772/sf
77
27
May 18, 2020
163
$784/sf
79
31
May 25, 2020
157
$779/sf
79
39

The $3,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Dec 30, 2019
267
$1,226/sf
144
28
Jan 6, 2020
246
$1,218/sf
138
29
Jan 13, 2020
256
$1,173/sf
133
28
Jan 20, 2020
261
$1,158/sf
128
27
Jan 27, 2020
258
$1,163/sf
128
27
Feb 3, 2020
258
$1,162/sf
127
32
Feb 10, 2020
259
$1,172/sf
124
37
Feb 17, 2020
265
$1,140/sf
118
36
Feb 24, 2020
268
$1,150/sf
120
39
Mar 2, 2020
267
$1,119/sf
121
37
Mar 9, 2020
276
$1,118/sf
119
38
Mar 16, 2020
276
$1,116/sf
118
40
Mar 23, 2020
256
$1,142/sf
128
40
Mar 30, 2020
244
$1,150/sf
131
40
Apr 6, 2020
231
$1,168/sf
129
28
Apr 13, 2020
230
$1,183/sf
132
25
Apr 20, 2020
224
$1,165/sf
138
26
Apr 27, 2020
221
$1,197/sf
137
22
May 4, 2020
235
$1,194/sf
131
25
May 11, 2020
252
$1,173/sf
129
23
May 18, 2020
261
$1,160/sf
127
23
May 25, 2020
271
$1,156/sf
125
26

Weekly NSDCC New Listings and New Pendings

/tbody>

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
Nov 12
82
43
284
Nov 19
59
42
282
Nov 26
33
27
270
Dec 3
67
45
264
Dec 10
66
37
247
Dec 17
34
37
231
Dec 24
29
37
212
Dec 31
12
20
211
Jan 7, 2019
92
24
203
Jan 14
81
35
205
Jan 21
77
33
196
Jan 28
87
47
217
Feb 4
92
45
233
Feb 11
83
48
255
Feb 18
84
52
263
Feb 25
72
39
261
Mar 4
113
52
267
Mar 11
122
63
284
Mar 18
100
64
302
Mar 25
95
70
324
Apr 1
87
53
331
Apr 8
113
58
342
Apr 15
104
59
341
Apr 22
94
67
353
Apr 29
117
74
367
May 6
113
67
364
May 13
86
48
362
May 20
132
55
357
May 27
100
78
375
Jun 3
109
55
365
Jun 10
106
54
366
Jun 17
94
59
363
Jun 24
97
63
344
Jul 1
89
53
343
Jul 8
81
66
363
Jul 15
115
59
364
Jul 22
89
72
367
Jul 29
102
47
354
Aug 5
102
47
336
Aug 12
96
51
328
Aug 19
89
61
350
Aug 26
86
40
326
Sep 2
67
44
300
Sep 9
75
52
305
Sep 16
102
46
296
Sep 23
67
59
301
Sep 30
68
56
306
Oct 7
76
44
305
Oct 14
78
51
302
Oct 21
71
49
296
Oct 28
76
55
291
Nov 4
87
54
283
Nov 11
61
52
291
Nov 18
69
50
288
Nov 25
60
57
303
Dec 2
19
34
297
Dec 9
58
29
261
Dec 16
45
40
251
Dec 23
32
37
232
Dec 30
16
26
226
Jan 6
56
21
218
Jan 13
76
33
214
Jan 20
71
53
217
Jan 27
62
38
220
Feb 3
75
46
232
Feb 10
97
72
265
Feb 17
82
58
300
Feb 24
70
53
316
Mar 2
79
55
301
Mar 9
106
66
328
Mar 16
83
55
329
Mar 23
59
31
289
Mar 30
63
31
251
Apr 6
57
21
219
Apr 13
48
17
194
Apr 20
63
29
192
Apr 27
79
40
205
May 4
86
40
208
May 11
91
48
226
May 18
95
44
224
May 24
121
69
266
author avatar
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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1 Comment

  1. Rob_Dawg
    Rob_Dawg on May 25, 2020 at 4:12 pm

    August. Aka, “before school starts.” See where I’m going with this?

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