As you can tell in the graph above, there hasn't been a flood of inventory (yet), and the number of pendings is rising steadily. All of the frenzy conditions are in place this year, just like they were since the pandemic broke out and inventory plunged. The casual...
Look at how the detached-home market between La Jolla and Carlsbad has started in 2023: NSDCC January Sales: 96 I had given up all hope of hitting 100 sales in January, but it is within sight now. NSDCC January Listings: 182 A few more than expected which is fantastic...
The new listings are trickling in but no flood yet - and it's never been so unlikely that a flood is coming. There are a few more active listings sitting around unsold, but last year was unusual in how fast homes were selling this early in the season. Today's buyers...
Thirty days into the new year and I have no concerns about the market - other than the nagging low inventory. As recently as 2019, we had 419 listings in January, and this month we won't get half that many! Things are improving on schedule - the actives' count is...
The graph above is boring this time of year, so I added my predictions in the lighter colors. I'm figuring that the Fed will be relentless and the higher rates in the second half of the year will cause the pricing gap between sellers and buyers to be tougher to...
A fantastic start to the new year! In the last week, there were 36 new listings and 34 new pendings! In the previous week, we also had 36 new listings but only 15 new pendings. The total pendings count increased +30% in a week! In the Under-$3,000,000 market, there...
There are only 88 pending listings today, which means we are unlikely to get up to 100 sales between La Jolla and Carlsbad this month. How radically different is that? Here's how this month will compare to the previous Januarys of interest: NSDCC Detached-Home...
In the last couple of years, we've followed how many new listings happen in January. It's been a good indicator of what to expect for the Spring Selling Season! Here is some historical perspective (below). I included the stats from 2009, which was the last time the...
A slow start is guaranteed this year because the existing inventory is so picked over - and those sellers aren't budging on price. Instead, they are willing to wait.....and whether they realize it or not, they are waiting and hoping for new listings to hit the open...
The last Inventory Watch of 2022! How does it compare to where we started? Average List-Price-Per-SF of Detached-Homes Between La Jolla and Carlsbad Price Range First Week of January Last Week of December Difference 0-$1,500,000 $832/sf $737/sf -11% $1.5M - $2.0M...
