Inventory Watch

by | Feb 14, 2022 | Contests, Inventory | 1 comment

The number of NSDCC active listings has been in a tight range of 167-179 over the last six weeks – which means there is a strong surge of new pendings, evidenced by the purple line racing upward.  The number of homes in escrow has grown from 142 on January 10th to 193 today!

As of today, the number of new listings in January is 201, which means it looks like Daniel is going to be the winner, and will receive four tickets to a Padres game…..if there is a season.

The guesses:

142 The other Bob
181 Eddie89
201 Daniel Nicolas
210 Drew
215 Joe
222 Majeed
230 Lifeisradincbad (who was a winner last year)
237 Curtis Kaiser
245 doughboy
250 Deckard Mehdy
259 Susie
260 Derek (the other winner last year and only missed by 1)
270 Skip
278 Haile
286 Matt
290 Esteban del Rio
294 Tom
295 Rob Dawg
300 BWell_SoCal
312 big T
325 Mortgage Guy
373 Rob

The 201 is a 30% drop from the January, 2021 count, and you remember how tight the inventory was last year. Hopefully the pandemic is the cause, and we bounce back to have as many listings as we had last year?

Year
Annual Number of NSDCC Detached-Home Listings
2017
4,637
2018
4,840
2019
4,741
2020
4,494
2021
3,618

Remember when we thought the dip in 2020 was a temporary covid decline? Yikes!

I’m still working on getting the right graph for quartiles, but here they are today:

1st quartile: $2,972,500

Median list price: $5,627,500

3rd quartile: $9,624,950

The $0 – $1,500,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 3, 2022
9
$832/sf
35
36
Jan 10
9
$766/sf
28
29
Jan 17
13
$773/sf
26
27
Jan 24
9
$818/sf
15
29
Jan 31
14
$752/sf
14
31
Feb 7
13
$774/sf
12
32
Feb 14
11
$826/sf
12
35

The $1,500,000 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 3, 2022
8
$842/sf
52
36
Jan 10
13
$751/sf
28
29
Jan 17
16
$736/sf
33
27
Jan 24
16
$801/sf
17
27
Jan 31
15
$696/sf
14
34
Feb 7
15
$765/sf
17
34
Feb 14
10
$726/sf
19
38

The $2,000,000 – $3,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 3, 2022
18
$1,080/sf
127
43
Jan 10
23
$1,038/sf
85
37
Jan 17
26
$1,044/sf
80
41
Jan 24
28
$1,015/sf
37
42
Jan 31
22
$949/sf
38
47
Feb 7
26
$919/sf
29
42
Feb 14
22
$997/sf
37
49

The $3,000,000 – $4,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 3, 2022
19
$1,230/sf
90
26
Jan 10
22
$1,210/sf
76
25
Jan 17
19
$1,207/sf
86
23
Jan 24
17
$1,129/sf
92
24
Jan 31
21
$1,172/sf
70
22
Feb 7
19
$1,169/sf
67
25
Feb 14
19
$1,234/sf
65
28

The $4,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 3, 2022
100
$1,884/sf
128
30
Jan 10
105
$1,864/sf
113
29
Jan 17
109
$1,763/sf
110
34
Jan 24
105
$2,130/sf
114
42
Jan 31
102
$2,114/sf
118
53
Feb 7
109
$2,000/sf
108
50
Feb 14
108
$2,005/sf
109
47

NSDCC Weekly New Listings and New Pendings

Week
New Listings
New Pendings
Total Actives
Total Pendings
Jan 3, 2022
17
14
152
164
Jan 10
39
18
167
142
Jan 17
34
29
179
145
Jan 24
41
40
173
157
Jan 31
43
40
173
182
Feb 7
43
38
179
179
Feb 14
44
49
168
193

1 Comment

  1. Jim the Realtor
    Jim the Realtor on February 14, 2022 at 8:19 am

    If the 30% YoY decline prevails for the duration of 2022, it means we’ll have 2,533 NSDCC listings this year – which will be excruciating for buyers and realtors.

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