The previous period had 100 new NSDCC listings, and 69 new pendings.
In the last week we had a 86:64 mix of new listings and new pendings. But we’ve had an overall increase of 21% in lower-end inventory, and 14% more higher-end houses for sale, since April 29th (peak frenzy):
The UNDER-$1,200,000 Market:
| Date | ||||
| April 29 | ||||
| May 5 | ||||
| May 9 | ||||
| May 18 | ||||
| May 23 | ||||
| May 30 | ||||
| June 5 | ||||
| June 11 | ||||
| June 17 | ||||
| June 24 | ||||
| July 1 |
The OVER-$1,200,000 Market:
| Date | ||||
| April 29 | ||||
| May 5 | ||||
| May 9 | ||||
| May 18 | ||||
| May 23 | ||||
| May 30 | ||||
| June 5 | ||||
| June 11 | ||||
| June 17 | ||||
| June 24 | ||||
| July 1 |
Demand is still strong, but it should get pickier as the market quiets down towards the end of summer.
Meanwhile, Carmel Valley continues to sell everything priced remotely close to reasonable – here are the active listings of houses for sale, and solds in last 90 days:
Carmel Valley Inventory
Carmel Valley Pricing:
We can probably expect the rest of the year to be the Big Meander, while we try to walk off this frenzy hangover.
Those sellers who carefully planned to sell during the peak of the season have been successful, and now we’re left with those who priced too high and are wondering if they missed the boat, and the occasioanl unplanned listing.