We are at the point where the inventory should continue its gradual descent and wind up around 235 active listings at the end of the year (if the percentage drop goes the same way it did last year). Though the Padres will be having an unusual impact on the local...
Hat tip to Mark for pointing out how much different our local inventory has performed, compared to other markets around the country. When you hear the doom and gloom from the national talking heads, this is what they are talking about: Our inventory topped out in...
The NSDCC September sales are right at 100 with a week to go (last year's count was 283), so this month's final count should get up to about half of last year's. Those hoping for a crushing decline in coastal pricing have to be disappointed so far: By this time...
The number of actives is in decline, but the pendings are hanging tough! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 3, 2022 9 $832/sf 35 36 Jan 10 9 $766/sf 28 29 Jan...
There were 31 and 38 new listings between La Jolla and Carlsbad in each of the last two weeks, which is incredible - the last time we had those numbers was in the beginning of January! As recently as 2019, the number of new listings in the middle of September were...
Above, Bill shows how the number of new listings is dropping off in San Diego. Yes, in the top chart, there were 20.7% more active listings YoY because you can wrongly price a listing today. Last year, just about everything was selling, which is very unusual! In...
Even though the August sales count is up to 159, it looks like September might be the first month with fewer than 100 sales between La Jolla and Carlsbad (population 300,000+). There are only 144 pendings! Back in 2009 when nobody wanted to sell their house, there...
On August 8th, the number of pending listings was down to 151 (which was the lowest since early January), and it appeared that the market might shut down early this year. But today we're back up to 175 pendings, and still have 449 active listings for buyers to...
If there was a big surge of listings that weren't selling, then we'd know for sure that the local market was in trouble. But we got so spoiled by the super-frenzy conditions last year where everything was selling right away that we forgot what it's like during a...
There was a nice bump of 17 additional pendings in the past week, from 151 to 168. The biggest increase was in the $4,000,000+ category, which grew from 24 to 32 pendings! There are two pendings priced at $10,000,000+, and 51 active listings! It doesn't look like...
