People are already wondering when the spring selling season officially gets started. Typically things really get rolling the day after the Super Bowl, but with the weather being so nice, I’ll say now!
How did we do on the first day of 2014 for new listings? There are many agents who refresh their old listings to get a new listing number, so the new-listing counts are always higher on New Years’ Day.
In San Diego County we averaged 71 new listings per day last month, which was slightly lower than in December, 2012 when the average was 75 new listings per day.
San Diego County New Listings on New Years’ Day:
2013: 104 / $315/sf
2014: 93 / $363/sf
There will be some added today with yesterday’s date on them, so we’re off to about the same start as last year. Considering that the county-wide average pricing rose 20% between January and December, the list-price average being only 15% higher doesn’t sound bad!
Are these really “new”. In the zip codes I follow, there were something like 75 listings that expired, some were active some had already been withdrawn. I assume most will be re-listed to re-stock the shelves. “OPT on aisle 3”. I concur completely with your other post that 2014 might be the year of the “make me move” seller; dig those heels in, deep. The upshot for some sellers may be that to sell, all you have to do is to list a couple bucks under, and you’ll have a flood of buyers and an easy and quick deal.
Agreed, and all eyes will be on those new listings just under the OPTs. If they have trouble selling, then buyers have caught on.
OPTs? Sorry for not being in the loop for this acronym.
You’ll remember the minute you see it.
Over-Priced Turkeys.
Doh!
“Wishing Priced.”
Thus duly (re)educated, I add:
Lots of places to live. Lots of places to invest. Ever fewer places to do both.