Rob Dawg suggested that we examine the quartiles, and they show how top heavy the inventory is today. Almost one-quarter of the homes for sale between La Jolla and Carlsbad are priced over $10,000,000!
1st Quartile: $2,773,500
2nd Quartile (median): $5,100,000
3rd Quartile: $9,922,500
I’ll get those on a graph and we’ll follow along each week.
There have been 40 new pendings in each of the last two weeks, and there are already more pendings than actives – including nine new pendings this week priced over $4,000,000:
NSDCC Actives: 173
NSDCC Pendings: 182
There have only been 182 new listings this month, which is way below the January count of 288 last year. We will take the final number on February 15th for the contest, but it looks like it will be under 200!
All buyers can hope for is that the ultra-low January count can be blamed on the ‘cron and sellers are waiting a month or two. We were hoping this year might get back to normal – now wondering if we can just get close to last year’s inventory count in time for the selling season!
The $0 – $1,500,000 Market:
Date | ||||
Jan 3, 2022 | ||||
Jan 10 | ||||
Jan 17 | ||||
Jan 24 | ||||
Jan 31 |
The $1,500,000 – $2,000,000 Market:
Date | ||||
Jan 3, 2022 | ||||
Jan 10 | ||||
Jan 17 | ||||
Jan 24 | ||||
Jan 31 |
The $2,000,000 – $3,000,000 Market:
Date | ||||
Jan 3, 2022 | ||||
Jan 10 | ||||
Jan 17 | ||||
Jan 24 | ||||
Jan 31 |
The $3,000,000 – $4,000,000 Market:
Date | ||||
Jan 3, 2022 | ||||
Jan 10 | ||||
Jan 17 | ||||
Jan 24 | ||||
Jan 31 |
The $4,000,000+ Market:
Date | ||||
Jan 3, 2022 | ||||
Jan 10 | ||||
Jan 17 | ||||
Jan 24 | ||||
Jan 31 |
NSDCC Weekly New Listings and New Pendings
Week | ||||
Jan 3, 2022 | ||||
Jan 10 | ||||
Jan 17 | ||||
Jan 24 | ||||
Jan 31 |
For completeness you could add “0th and 5th quartile” meaning cheapest and most expensive but that takes a little work. Can’t count unbuildable land slivers or hundred acre ranches with development approvals.
For completeness you could add “0th and 5th quartile” meaning cheapest and most expensive
I thought of that but the high listing is so unusual and has been for sale for 1+ years so I eliminate from my regular count every week any way:
https://www.compass.com/listing/16401-calle-feliz-rancho-santa-fe-ca-92067/884058591956747977/
If I go down to #2 of the highest-priced NSDCC listings, there is this La Jolla estate that’s been on and off the market:
https://www.compass.com/listing/7007-country-club-drive-la-jolla-ca-92037/953861401585736297/
Number 3 has been for sale since 2007 (that’s correct, 2007, not 2017):
https://www.compass.com/listing/929-border-avenue-solana-beach-ca-92075/25353758691121345/
Maybe I should just track the #4 as our high mark? At least it has a decent chance of selling:
https://www.compass.com/listing/308-vista-de-la-playa-la-jolla-ca-92037/807455816317136145/