You could say that the market has extended some of the summer momentum – the counts above are similar to what they were in June!
How can that be explained?
Anyone who is spending five-figures every month on their business is paying attention to every detail. Don’t listen to Aunt Bea the Agent whose box of business cards is getting dusty and who hasn’t washed her car since Easter. Listen to the guys on the street fighting it out every day:
You don’t have to feel bad for Tom. I mentioned his flip in Carlsbad that listed for $1,649,900 – he had to dump to $1,599,000 to find a buyer so it’s not catastrophic for him. But for others who have been listed for sale for months without an offer….they have to be wondering what it will take to get out.
Get Good Help!
The $0 – $1,500,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
15 |
$724/sf |
49 |
23 |
Jan 8 |
13 |
$645/sf |
58 |
19 |
Jan 15 |
10 |
$664/sf |
55 |
15 |
Jan 22 |
15 |
$750/sf |
36 |
15 |
Jan 29 |
12 |
$834/sf |
36 |
21 |
Feb 5 |
12 |
$784/sf |
38 |
23 |
Feb 12 |
10 |
$818/sf |
30 |
22 |
Feb 19 |
12 |
$731/sf |
17 |
21 |
Feb 26 |
7 |
$725/sf |
26 |
21 |
Mar 4 |
9 |
$763/sf |
23 |
21 |
Mar 11 |
15 |
$742/sf |
14 |
17 |
Mar 18 |
15 |
$697/sf |
16 |
21 |
Mar 25 |
13 |
$846/sf |
19 |
22 |
Apr 1 |
12 |
$897/sf |
22 |
20 |
Apr 8 |
15 |
$869/sf |
37 |
22 |
Apr 15 |
17 |
$811/sf |
16 |
25 |
Apr 22 |
18 |
$829/sf |
16 |
23 |
Apr 29 |
20 |
$796/sf |
20 |
23 |
May 6 |
19 |
$868/sf |
18 |
23 |
May 13 |
21 |
$859/sf |
18 |
22 |
May 20 |
25 |
$939/sf |
20 |
18 |
May 27 |
24 |
$897/sf |
25 |
20 |
Jun 3 |
22 |
$879/sf |
25 |
19 |
Jun 10 |
25 |
$834/sf |
26 |
19 |
Jun 17 |
21 |
$823/sf |
31 |
21 |
Jun 24 |
24 |
$752/sf |
32 |
24 |
Jul 1 |
23 |
$760/sf |
44 |
26 |
Jul 8 |
22 |
$801/sf |
40 |
23 |
Jul 15 |
22 |
$815/sf |
36 |
23 |
Jul 22 |
17 |
$814/sf |
43 |
23 |
Jul 29 |
24 |
$815/sf |
33 |
14 |
Aug 5 |
23 |
$771/sf |
29 |
18 |
Aug 12 |
22 |
$787/sf |
36 |
23 |
Aug 19 |
24 |
$773/sf |
28 |
27 |
Aug 26 |
24 |
$760/sf |
27 |
24 |
Sep 2 |
28 |
$767/sf |
24 |
18 |
Sep 9 |
27 |
$803/sf |
28 |
21 |
Sep 16 |
32 |
$808/sf |
27 |
19 |
Sep 23 |
37 |
$791/sf |
24 |
17 |
Sep 30 |
31 |
$892/sf |
29 |
23 |
Oct 7 |
36 |
$836/sf |
28 |
18 |
Oct 14 |
34 |
$818/sf |
30 |
20 |
The $1,500,000 – $2,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
20 |
$866/sf |
66 |
28 |
Jan 8 |
23 |
$890/sf |
63 |
23 |
Jan 15 |
32 |
$876/sf |
47 |
35 |
Jan 22 |
35 |
$823/sf |
43 |
25 |
Jan 29 |
38 |
$833/sf |
43 |
26 |
Feb 5 |
39 |
$810/sf |
34 |
28 |
Feb 12 |
32 |
$781/sf |
39 |
34 |
Feb 19 |
33 |
$797/sf |
36 |
29 |
Feb 26 |
33 |
$840/sf |
36 |
31 |
Mar 4 |
39 |
$827/sf |
32 |
31 |
Mar 11 |
30 |
$857/sf |
43 |
37 |
Mar 18 |
34 |
$847/sf |
36 |
37 |
Mar 25 |
34 |
$848/sf |
43 |
43 |
Apr 1 |
23 |
$873/sf |
42 |
47 |
Apr 8 |
30 |
$884/sf |
37 |
47 |
Apr 15 |
32 |
$961/sf |
36 |
43 |
Apr 22 |
36 |
$964/sf |
31 |
37 |
Apr 29 |
44 |
$921/sf |
25 |
33 |
May 6 |
44 |
$921/sf |
30 |
36 |
May 13 |
46 |
$939/sf |
25 |
34 |
May 20 |
47 |
$965/sf |
24 |
38 |
May 27 |
47 |
$965/sf |
30 |
40 |
Jun 3 |
53 |
$1,006/sf |
32 |
36 |
Jun 10 |
61 |
$942/sf |
30 |
36 |
Jun 17 |
62 |
$909/sf |
30 |
37 |
Jun 24 |
62 |
$909/sf |
28 |
40 |
Jul 1 |
70 |
$883/sf |
30 |
43 |
Jul 8 |
67 |
$925/sf |
30 |
47 |
Jul 15 |
70 |
$888/sf |
31 |
51 |
Jul 22 |
61 |
$858/sf |
35 |
46 |
Jul 29 |
57 |
$859/sf |
38 |
50 |
Aug 5 |
56 |
$892/sf |
37 |
41 |
Aug 12 |
62 |
$895/sf |
39 |
40 |
Aug 19 |
67 |
$879/sf |
36 |
36 |
Aug 26 |
62 |
$899/sf |
39 |
41 |
Sep 2 |
52 |
$912/sf |
41 |
41 |
Sep 9 |
53 |
$889/sf |
37 |
37 |
Sep 16 |
50 |
$877/sf |
39 |
35 |
Sep 23 |
55 |
$902/sf |
37 |
33 |
Sep 30 |
61 |
$894/sf |
37 |
32 |
Oct 7 |
67 |
$899/sf |
37 |
32 |
Oct 14 |
65 |
$889/sf |
42 |
34 |
The $2,000,000 – $3,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
54 |
$1,046/sf |
65 |
34 |
Jan 8 |
59 |
$1,034/sf |
57 |
30 |
Jan 15 |
69 |
$1,094/sf |
44 |
35 |
Jan 22 |
60 |
$1,108/sf |
42 |
45 |
Jan 29 |
65 |
$1,126/sf |
41 |
48 |
Feb 5 |
68 |
$1,120/sf |
31 |
50 |
Feb 12 |
60 |
$1,123/sf |
34 |
56 |
Feb 19 |
71 |
$1,130/sf |
29 |
56 |
Feb 26 |
64 |
$1,138/sf |
30 |
61 |
Mar 4 |
62 |
$1,202/sf |
33 |
55 |
Mar 11 |
61 |
$1,211/sf |
29 |
62 |
Mar 18 |
72 |
$1,143/sf |
32 |
53 |
Mar 25 |
70 |
$1,101/sf |
31 |
64 |
Apr 1 |
71 |
$1,049/sf |
31 |
63 |
Apr 8 |
68 |
$1,076/sf |
31 |
63 |
Apr 15 |
82 |
$1,058/sf |
33 |
55 |
Apr 22 |
81 |
$1,066/sf |
38 |
62 |
Apr 29 |
79 |
$1,076/sf |
34 |
64 |
May 6 |
77 |
$1,067/sf |
35 |
56 |
May 13 |
78 |
$1,069/sf |
38 |
58 |
May 20 |
93 |
$1,049/sf |
39 |
46 |
May 27 |
92 |
$1,053/sf |
39 |
47 |
Jun 3 |
105 |
$1,025/sf |
41 |
43 |
Jun 10 |
105 |
$1,035/sf |
40 |
53 |
Jun 17 |
107 |
$1,002/sf |
36 |
51 |
Jun 24 |
118 |
$1,034/sf |
35 |
58 |
Jul 1 |
111 |
$1,013/sf |
37 |
59 |
Jul 8 |
111 |
$1,019/sf |
41 |
58 |
Jul 15 |
120 |
$1,014/sf |
43 |
47 |
Jul 22 |
124 |
$972/sf |
41 |
47 |
Jul 29 |
124 |
$974/sf |
41 |
40 |
Aug 5 |
117 |
$978/sf |
43 |
44 |
Aug 12 |
114 |
$964/sf |
45 |
42 |
Aug 19 |
112 |
$982/sf |
45 |
43 |
Aug 26 |
107 |
$957/sf |
42 |
47 |
Sep 2 |
102 |
$945/sf |
44 |
49 |
Sep 9 |
101 |
$965/sf |
45 |
51 |
Sep 16 |
103 |
$982/sf |
43 |
50 |
Sep 23 |
99 |
$986/sf |
44 |
58 |
Sep 30 |
108 |
$984/sf |
44 |
42 |
Oct 7 |
103 |
$1,006/sf |
44 |
47 |
Oct 14 |
96 |
$979/sf |
49 |
49 |
The $3,000,000 – $4,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
33 |
$1,216/sf |
92 |
15 |
Jan 8 |
37 |
$1,248/sf |
83 |
15 |
Jan 15 |
42 |
$1,236/sf |
77 |
18 |
Jan 22 |
43 |
$1,283/sf |
77 |
17 |
Jan 29 |
42 |
$1,242/sf |
75 |
20 |
Feb 5 |
36 |
$1,363/sf |
73 |
25 |
Feb 12 |
40 |
$1,252/sf |
34 |
18 |
Feb 19 |
47 |
$1,515/sf |
45 |
17 |
Feb 26 |
50 |
$1,512/sf |
42 |
16 |
Mar 4 |
50 |
$1,588/sf |
44 |
19 |
Mar 11 |
50 |
$1,594/sf |
44 |
23 |
Mar 18 |
60 |
$1,537/sf |
38 |
22 |
Mar 25 |
59 |
$1,614/sf |
70 |
27 |
Apr 1 |
62 |
$1,660/sf |
76 |
26 |
Apr 8 |
65 |
$1,479/sf |
76 |
27 |
Apr 15 |
72 |
$1,442/sf |
70 |
26 |
Apr 22 |
70 |
$1,462/sf |
75 |
20 |
Apr 29 |
68 |
$1,434/sf |
75 |
25 |
May 6 |
67 |
$1,373/sf |
70 |
26 |
May 13 |
71 |
$1,355/sf |
68 |
25 |
May 20 |
78 |
$1,298/sf |
63 |
24 |
May 27 |
79 |
$1,267/sf |
66 |
26 |
Jun 3 |
75 |
$1,272/sf |
65 |
26 |
Jun 10 |
81 |
$1,248/sf |
62 |
26 |
Jun 17 |
89 |
$1,195/sf |
59 |
28 |
Jun 24 |
84 |
$1,229/sf |
61 |
33 |
Jul 1 |
87 |
$1,227/sf |
62 |
31 |
Jul 8 |
77 |
$1,278/sf |
68 |
33 |
Jul 15 |
91 |
$1,263/sf |
63 |
31 |
Jul 22 |
82 |
$1,272/sf |
68 |
31 |
Jul 29 |
84 |
$1,221/sf |
67 |
25 |
Aug 5 |
80 |
$1,180/sf |
71 |
22 |
Aug 12 |
80 |
$1,196/sf |
70 |
24 |
Aug 19 |
80 |
$1,145/sf |
45 |
26 |
Aug 26 |
80 |
$1,118/sf |
44 |
22 |
Sep 2 |
81 |
$1,144/sf |
47 |
23 |
Sep 9 |
84 |
$1,143/sf |
46 |
23 |
Sep 16 |
84 |
$1,168/sf |
47 |
23 |
Sep 23 |
88 |
$1,141/sf |
49 |
21 |
Sep 30 |
83 |
$1,159/sf |
52 |
21 |
Oct 7 |
89 |
$1,159/sf |
51 |
21 |
Oct 14 |
85 |
$1,223/sf |
56 |
25 |
The $4,000,000+ Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
139 |
$1,858/sf |
116 |
20 |
Jan 8 |
151 |
$1,896/sf |
109 |
18 |
Jan 15 |
157 |
$1,879/sf |
106 |
22 |
Jan 22 |
159 |
$1,824/sf |
104 |
27 |
Jan 29 |
162 |
$1,758/sf |
108 |
31 |
Feb 5 |
162 |
$1,718/sf |
108 |
30 |
Feb 12 |
154 |
$1,705/sf |
107 |
34 |
Feb 19 |
168 |
$1,685/sf |
107 |
24 |
Feb 26 |
175 |
$1,691/sf |
105 |
26 |
Mar 4 |
166 |
$1,692/sf |
97 |
36 |
Mar 11 |
178 |
$1,663/sf |
90 |
37 |
Mar 18 |
179 |
$1,691/sf |
90 |
29 |
Mar 25 |
177 |
$1,693/sf |
83 |
34 |
Apr 1 |
176 |
$1,713/sf |
87 |
31 |
Apr 8 |
177 |
$1,771/sf |
82 |
37 |
Apr 15 |
179 |
$1,731/sf |
88 |
40 |
Apr 22 |
183 |
$1,733/sf |
85 |
42 |
Apr 29 |
187 |
$1,765/sf |
81 |
42 |
May 6 |
191 |
$1,751/sf |
83 |
42 |
May 13 |
184 |
$1,754/sf |
84 |
47 |
May 20 |
193 |
$1,734/sf |
81 |
45 |
May 27 |
202 |
$1,716/sf |
78 |
46 |
Jun 3 |
203 |
$1,694/sf |
74 |
43 |
Jun 10 |
206 |
$1,716/sf |
70 |
43 |
Jun 17 |
204 |
$1,666/sf |
68 |
41 |
Jun 24 |
208 |
$1,678/sf |
68 |
44 |
Jul 1 |
213 |
$1,673/sf |
70 |
35 |
Jul 8 |
212 |
$1,674/sf |
72 |
29 |
Jul 15 |
217 |
$1,637/sf |
73 |
26 |
Jul 22 |
218 |
$1,633/sf |
77 |
32 |
Jul 29 |
221 |
$1,626/sf |
80 |
32 |
Aug 5 |
222 |
$1,627/sf |
83 |
27 |
Aug 12 |
217 |
$1,624/sf |
81 |
25 |
Aug 19 |
209 |
$1,633/sf |
83 |
33 |
Aug 26 |
209 |
$1,617/sf |
85 |
37 |
Sep 2 |
207 |
$1,623/sf |
82 |
39 |
Sep 9 |
204 |
$1,662/sf |
85 |
38 |
Sep 16 |
201 |
$1,658/sf |
86 |
37 |
Sep 23 |
200 |
$1,668/sf |
87 |
38 |
Sep 30 |
192 |
$1,638/sf |
89 |
42 |
Oct 7 |
189 |
$1,619/sf |
90 |
44 |
Oct 14 |
194 |
$1,614/sf |
88 |
39 |
NSDCC Weekly New Listings and New Pendings
Week |
New Listings |
New Pendings |
Total Actives |
Total Pendings |
Jan 2, 2024 |
18 |
10 |
255 |
113 |
Jan 8 |
43 |
12 |
278 |
100 |
Jan 15 |
52 |
20 |
305 |
102 |
Jan 22 |
50 |
29 |
308 |
122 |
Jan 29 |
44 |
32 |
314 |
140 |
Feb 5 |
44 |
33 |
312 |
149 |
Feb 12 |
37 |
34 |
292 |
159 |
Feb 19 |
53 |
24 |
326 |
143 |
Feb 26 |
45 |
37 |
324 |
151 |
Mar 4 |
52 |
45 |
332 |
166 |
Mar 11 |
53 |
26 |
331 |
165 |
Mar 18 |
62 |
32 |
355 |
159 |
Mar 25 |
45 |
46 |
348 |
186 |
Apr 1 |
37 |
42 |
340 |
183 |
Apr 8 |
58 |
36 |
352 |
191 |
Apr 15 |
58 |
29 |
378 |
184 |
Apr 22 |
44 |
36 |
384 |
179 |
Apr 29 |
67 |
36 |
393 |
185 |
May 6 |
58 |
48 |
394 |
183 |
May 13 |
47 |
34 |
395 |
186 |
May 20 |
67 |
26 |
429 |
171 |
May 27 |
57 |
36 |
435 |
179 |
Jun 3 |
55 |
26 |
449 |
166 |
Jun 10 |
77 |
40 |
469 |
175 |
Jun 17 |
64 |
37 |
474 |
175 |
Jun 24 |
78 |
29 |
489 |
192 |
Jul 1 |
51 |
38 |
496 |
188 |
Jul 8 |
41 |
37 |
479 |
184 |
Jul 15 |
52 |
29 |
509 |
172 |
Jul 22 |
43 |
42 |
495 |
172 |
Jul 29 |
50 |
23 |
503 |
156 |
Aug 5 |
52 |
40 |
492 |
148 |
Aug 12 |
49 |
38 |
489 |
150 |
Aug 19 |
63 |
29 |
486 |
162 |
Aug 26 |
56 |
38 |
477 |
167 |
Sep 2 |
56 |
33 |
465 |
167 |
Sep 9 |
34 |
27 |
463 |
168 |
Sep 16 |
53 |
33 |
465 |
163 |
Sep 23 |
54 |
29 |
475 |
166 |
Sep 30 |
50 |
39 |
470 |
158 |
Oct 7 |
45 |
30 |
477 |
160 |
Oct 14 |
34 |
33 |
471 |
163 |
NSDCC List Price Quartiles
Week |
1st Quartile |
Median List Price |
3rd Quartile |
Jan 2, 2024 |
$2,549,888 |
$4,444,000 |
$8,350,000 |
Jan 8 |
$2,572,444 |
$4,447,000 |
$8,097,500 |
Jan 15 |
$2,499,000 |
$4,200,000 |
$7,950,000 |
Jan 22 |
$2,429,000 |
$4,250,000 |
$7,450,000 |
Jan 29 |
$2,399,000 |
$4,225,000 |
$7,495,000 |
Feb 5 |
$2,398,000 |
$4,272,500 |
$7,495,000 |
Feb 12 |
$2,499,800 |
$4,297,500 |
$7,495,000 |
Feb 19 |
$2,499,400 |
$4,200,000 |
$6,972,500 |
Feb 26 |
$2,649,400 |
$4,350,000 |
$7,300,000 |
Mar 4 |
$2,525,000 |
$4,225,000 |
$7,149,500 |
Mar 11 |
$2,649,000 |
$4,295,000 |
$7,495,000 |
Mar 18 |
$2,500,000 |
$4,000,000 |
$6,750,000 |
Mar 25 |
$2,680,000 |
$4,097,499 |
$6,750,000 |
Apr 1 |
$2,785,000 |
$4,150,000 |
$6,999,999 |
Apr 8 |
$2,680,000 |
$4,047,500 |
$6,999,000 |
Apr 15 |
$2,570,000 |
$3,899,500 |
$6,797,500 |
Apr 22 |
$2,499,000 |
$3,982,500 |
$6,495,000 |
Apr 29 |
$2,399,000 |
$3,990,000 |
$6,750,000 |
May 6 |
$2,485,000 |
$3,995,000 |
$6,825,000 |
May 13 |
$2,475,000 |
$3,895,000 |
$6,900,000 |
May 20 |
$2,420,000 |
$3,750,000 |
$6,480,000 |
May 27 |
$2,495,000 |
$3,840,000 |
$6,695,000 |
Jun 3 |
$2,475,000 |
$3,749,000 |
$6,395,000 |
Jun 10 |
$2,388,000 |
$3,500,000 |
$6,187,000 |
Jun 17 |
$2,412,500 |
$3,599,500 |
$5,995,000 |
Jun 24 |
$2,350,000 |
$3,500,000 |
$6,398,000 |
Jul 1 |
$2,398,000 |
$3,600,000 |
$6,400,000 |
Jul 8 |
$2,399,000 |
$3,650,000 |
$6,500,000 |
Jul 15 |
$2,399,999 |
$3,500,000 |
$6,398,000 |
Jul 22 |
$2,399,000 |
$3,695,000 |
$6,398,000 |
Jul 29 |
$2,375,000 |
$3,650,000 |
$6,187,000 |
Aug 5 |
$2,350,000 |
$3,699,500 |
$6,295,000 |
Aug 12 |
$2,349,000 |
$3,650,000 |
$5,995,000 |
Aug 19 |
$2,315,000 |
$3,595,000 |
$5,995,000 |
Aug 26 |
$2,299,999 |
$3,649,000 |
$5,999,000 |
Sep 2 |
$2,350,000 |
$3,698,000 |
$6,495,000 |
Sep 9 |
$2,300,000 |
$3,700,000 |
$6,495,000 |
Sep 16 |
$2,345,000 |
$3,695,000 |
$6,250,000 |
Sep 23 |
$2,299,000 |
$3,600,000 |
$6,475,000 |
Sep 30 |
$2,297,000 |
$3,495,000 |
$6,099,000 |
Oct 7 |
$2,200,000 |
$3,490,000 |
$5,900,000 |
Oct 14 |
$2,250,000 |
$3,500,000 |
$6,295,000 |
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
In a marketplace that isn’t being manipulated everyone (both bulls and bears) have their time to shine. We’ve been in a 20 year housing appreciation bull market. Although I believe much of the appreciation was due to inflation.
Around the nation you’re starting to see price decreases to make deals work. As this happens lenders will become more conservative with loans which propagates the cycle.
If banks are ever forced to foreclose again the floor will fall out on pricing. But, this will allow young people to buy again. So just because one group loses doesn’t mean others don’t win.
Realtors are like stock brokers. It doesn’t matter which way the market is moving. Just keep buying and selling houses. (Which isn’t a bad thing)
We will most likely will never see a foreclosure market like the ones before 2008. Loan modifications and politics have changed the game.
Loan modifications and politics have changed the game.
Yeah, and loan mods are required by law now.
Plus, foreclosing was a big hit when everyone was doing it. They won’t want the attention if it’s a small group now.