In the last week, there were 67 new listings between La Jolla and Carlsbad - the highest weekly count in 2024 and only the second time over sixty this year. But the appearance in the graph above was muted because there were 36 new pendings, and 42 closings - which is...
The graph above should give us all some guidance on where the 2024 market is going. Sales are hanging tough though. There have been 117 NSDCC closings this month, so we should get close to the 165 sales we had last April. The median sales price is running +5% above...
It looks like we've found the number. Because the inventory was so low last year, I thought the market could easily handle a 10% to 20% increase in active listings this year. But now the number of actives is +30% YoY, and the pendings aren't increasing in a similar...
The number of active listings is a reflection of how many new listings are coming on the market vs. how many are going off the market at the same time. While today's number of actives is 29% higher than it was last year at this time, let's note that the 2023 inventory...
The potential surge in new listings has stalled, and for the second week in a row we had more new pendings than listings! But something has to give, doesn't it? The pricing continues to levitate, at the cost of sales: NSDCC Monthly Detached-Home Sales, March There...
Just when I thought having more active listings might slow the market, the buyers responded! There were more new pendings (46) this week than we've had all year, and they out-numbered the new listings count of 45 - which hasn't happened in months! Wow! The $0 –...
The active inventory is increasing! We've been hoping to identify the perfect amount of additional homes for sale that would create more sales without scaring buyers back to the sidelines with shock and awe. I have guessed that the demand would digest a 10% to 15%...
The NSDCC houses for sale have had a median list price over $4,000,000 all year. How is the upper half of the market performing? While the $2,000,000 to $4,000,000 market has seen continued upward pressure on pricing (click below on more...), the $4,000,000+ list...
There have been 12% more listings YoY in the first two months of 2024, and buyers are responding! Closed SFR sales between La Jolla and Carlsbad are +20% YoY in the first two months of the year! It's why the number of active listings (red line above) isn't exploding,...
This year's inventory is looking a lot like last year, with a few more listings hanging around unsold. NSDCC Total Number of Listings, Jan 1 through Feb 20 2023: 355 2024: 395 How's the pricing? Here are the weekly quartiles for 2023 and 2024: It looks like the market...
