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:

The $1,500,000 – $2,000,000 Market:

The $2,000,000 – $3,000,000 Market:

The $3,000,000 – $4,000,000 Market:

The $4,000,000+ Market:

NSDCC Weekly New Listings and New Pendings

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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