There will be another 20 or so new listings trickling in the coming weeks that will grow our January count. But as of today, there were only 196 houses listed for sale between La Jolla and Carlsbad last month – and 103 of them have already gone pending!
In January, 2021 we had 288 new listings.
While the 30% decline is startling, I’ll blame it on the pandemic and be optimistic about additional listings in spring making up for some of that deficit.
Last year it picked up quite a bit after January. The total count of new NSDCC listings in the first five months of 2021 was 1,780, so hopefully this year we’ll see at least 1,500 – hang in there buyers!
The contest guesses:
181 Eddie89
201 Daniel Nicolas
210 Drew
215 Joe
222 Majeed
230 Lifeisradincbad (who was a winner last year)
237 Curtis Kaiser
I blame it on transactions never making it to a listing.
196 + 20, I’ll take that! Hope you’re correct Jim!
I blame it on transactions never making it to a listing.
Yes, that’s a funny thing.
There is an underground market but every listing agent is proud to do what he/she everyone else doing – reporting their off-market sales as new listings on the MLS and then marked pending immediately with the obligatory “Sold before processing”.
So almost all of them make it into the stats here.
They will undoubtedly be growing in number too. The market has never been so desperate.
I’m going to double-down on my prediction of buyer-agents being gone by the end of summer. And it could be sooner!
I saw a big-shot agent list a $1M homefor sale and offered 1% to the buyer-agent. You know that he took the listing at 5% or 6%, and is keeping the rest for himself (min 4%).
It is buyer-agent abuse.
It’s certainly not in the seller’s best interest, that’s for sure.
But what can you do?