The numbers were fairly steady through the May reading.....but the number of unsold listings have jumped in most areas now (with Encinitas and La Jolla at, or near, all-time highs). The current inventory of 507 actives is 23% higher than last July! Rancho Santa Fe is...
Almost all areas are bursting with active listings. Encinitas has joined La Jolla and Rancho Santa Fe in the "List 'Em High And Let Them Fly" category. The median list price in the 92024 is $2,998,000! Will buyers be affected? Will they notice? La Jolla and Rancho...
This chart shows identifies the hot spots, and not-so-hot spots, as compared to last year. Southeast Carlsbad and Carmel Valley both have substantially more pendings this year, and NW Carlsbad and Encinitas have roughly double the number of actives and where potential...
NSDCC Active and Pending Listings The unsold listings are stacking up earlier than normal in Del Mar (Median LP = $4,750,000) and in Rancho Santa Fe (Median LP = $7,895,000) but no one is going to feel sorry for them. The other areas are hanging tough around the 2:1...
There are 27% more active listings today than there were last March - without much increase in the number of pendings - though the areas in red above are just as hot as they were last year at this time. Judging by the number of active (unsold) listings compared to the...
NSDCC Active and Pending Listings All except three of the highest-end neighborhoods (Del Mar, RSF, and Solana Beach) are at a 2:1 ratio of actives to pendings, or better (my measure of a healthy market). La Jolla deserves special recognition - the pendings have blown...
The most interesting part of this graph is that in 2023 the number of active listings stayed about the same from mid-January to mid-April as the market got off to a fast start. The number of pendings were steady too, all while 573 sales were closing between Jan 1 and...
Rob Dawg noted that the year-over-year comparisons are worth a look, now that the super-frenzy days are over. Sure enough, this month looks a lot like last December! La Jolla is going strong, Rancho Santa Fe is back to the priced-to-sit program they made famous, and...
With multiple wars, raging rates, and lawsuits flying everywhere, it sure feels like chaos and doom are prevailing. But underneath it all, our local market looks a lot like it did last year at this time. Keep your head down, and keep pedaling!
Here are the active and pending listings for each area. We consider a ratio of 2:1 actives-to-pendings to be a healthy market, and five of the 12 areas are 2:1 or better, and seven of 12 are 3:1 or better. For everything we've been through, that's pretty good! Two...
