Our January sales count of detached-homes between La Jolla and Carlsbad was impressive, and comparable to the good old days!
NSDCC January Sales & Listings
# of Sales
# of New Jan. Listings
In spite of all-time record pricing, the number of January listings really dried up, compared to previous Januarys – and 40% of last month’s listings are already pending or sold. How you feel about the inventory shortage depends somewhat on your price range too – here is the recent history:
NSDCC Number of January Listings by Price Range
$1M – $2M
$2M – $3M
For those hoping to buy a house priced under a million, the dwindling number of listings is daunting. But the inventory over $1,000,000 has been relatively stable – no big surge there.
I noted on Instagram today that a couple of new listings in Carlsbad went pending before they got to broker preview today. While the sales and pricing statistics may look flat, sellers shouldn’t give up on selling when rates are still in the 3s.
These are the listings from the last seven days that already found a buyer – these aren’t giveaways:
The big bidding war in Leucadia also closed…..at a whopping 30% over list price – in this market!
Our contest for Padres tickets got more exciting this week due to Manny Mania!
NSDCC New Listings Jan 1 to Feb 20:
2019: 644 (-5%)
The two-month total last year was 783, so we’re on a pace to hit 741. Doughboy guessed 740, but it came in after the guessing period ended. If he wins, I’ll give tickets to him and the next closest guesser.
Others who guessed under 800:
755 – Neil
777 – Bb
785 – Recordsclerk
799 – TominLaCosta
We finally hit a statistical oddity that we’ve been flirting with for months. The average list-price-per-sf of the Under-$1,000,000 category caught up with the next category, $1.0M to $1.5M.
Both are at $494/sf today!
There was another quirk also. The new listings AND the new pendings both dropped off over the past week, which is unusual for this time of year. It must have been due to the rain?
The total number of pendings today is 18% behind last year.
Looking ahead to next month? It starts Friday! We had 446 new listings in March of last year, which was 25% more than in February, 2018.
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