Inventory Watch – Labor Day

Inventory | Jim's Take on the Market | NSDCC Pendings

Written by Jim the Realtor

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September 3, 2018

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2 Comments

The NSDCC Actives vs. Pendings by price range:

Price Range	NSDCC Actives	NSDCC Pendings	A:P Ratio	Avg. DOM
Under $1.0M	109	62	2 to 1	38
$1.0M to $1.5M	207	129	2 to 1	45
$1.5M to $2.0M	172	64	3 to 1	67
Over $2.0M	541	65	8 to 1	105

In the past, we’ve considered a ratio of 2:1 to be about normal. Given this market and time of year, these look pretty good, except for the high-end which has always had excess supply.

The UNDER-$1,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	36	$477/sf	51	58
Jan 8	35	$479/sf	42	56
Jan 15	39	$469/sf	37	53
Jan 22	37	$453/sf	42	62
Jan 29	38	$459/sf	35	64
Feb 5	41	$463/sf	26	69
Feb 12	39	$461/sf	20	73
Feb 19	42	$456/sf	20	72
Feb 26	53	$451/sf	20	81
Mar 5	47	$457/sf	24	79
Mar 12	60	$434/sf	19	87
Mar 19	67	$478/sf	21	81
Mar 26	61	$477/sf	23	86
Apr 2	50	$464/sf	24	95
Apr 9	56	$471/sf	23	93
Apr 16	61	$464/sf	24	93
Apr 23	59	$459/sf	25	96
Apr 30	61	$466/sf	27	95
May 7	67	$472/sf	20	89
May 14	66	$480/sf	21	95
May 21	81	$474/sf	21	85
May 28	83	$438/sf	24	91
Jun 4	80	$442/sf	27	97
Jun 11	81	$427/sf	27	91
Jun 18	88	$442/sf	29	78
Jun 25	93	$442/sf	31	77
Jul 2	96	$443/sf	30	76
Jul 9	98	$447/sf	33	65
Jul 16	98	$445/sf	34	78
Jul 23	97	$436/sf	34	68
Jul 30	116	$433/sf	32	71
Aug 6	111	$434/sf	31	64
Aug 13	115	$434/sf	34	64
Aug 20	110	$426/sf	37	58
Aug 27	117	$430/sf	36	64
Sep 3	109	$427/sf	38	62

The $1,000,000 – $1,500,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	91	$532/sf	72	68
Jan 8	99	$551/sf	64	64
Jan 15	96	$535/sf	61	75
Jan 22	107	$515/sf	63	82
Jan 29	108	$512/sf	57	91
Feb 5	110	$518/sf	49	100
Feb 12	117	$487/sf	46	106
Feb 19	107	$500/sf	45	114
Feb 26	112	$485/sf	46	117
Mar 5	111	$496/sf	45	115
Mar 12	126	$475/sf	43	109
Mar 19	125	$487/sf	47	129
Mar 26	133	$484/sf	47	124
Apr 2	139	$495/sf	47	121
Apr 9	148	$485/sf	51	119
Apr 16	145	$474/sf	45	114
Apr 23	162	$470/sf	43	117
Apr 30	162	$486/sf	42	121
May 7	180	$495/sf	40	117
May 14	182	$491/sf	41	127
May 21	184	$475/sf	40	135
May 28	188	$473/sf	40	139
Jun 4	189	$469/sf	43	148
Jun 11	199	$469/sf	45	142
Jun 18	193	$465/sf	44	143
Jun 25	211	$476/sf	39	141
Jul 2	206	$483/sf	41	142
Jul 9	201	$483/sf	45	146
Jul 16	200	$502/sf	44	145
Jul 23	217	$504/sf	45	148
Jul 30	210	$493/sf	48	154
Aug 6	209	$493/sf	45	146
Aug 13	214	$496/sf	44	147
Aug 20	205	$494/sf	46	145
Aug 27	211	$493/sf	46	134
Sep 3	207	$486/sf	45	129

The $1,500,000 – $2,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	84	$612/sf	86	40
Jan 8	98	$612/sf	73	42
Jan 15	98	$607/sf	73	42
Jan 22	111	$589/sf	63	42
Jan 29	120	$577/sf	61	45
Feb 5	114	$586/sf	56	51
Feb 12	118	$566/sf	52	57
Feb 19	121	$596/sf	53	64
Feb 26	122	$596/sf	53	64
Mar 5	125	$593/sf	56	70
Mar 12	131	$602/sf	53	67
Mar 19	120	$598/sf	58	74
Mar 26	121	$596/sf	57	75
Apr 2	128	$593/sf	55	70
Apr 9	140	$612/sf	54	66
Apr 16	146	$617/sf	50	67
Apr 23	149	$616/sf	53	78
Apr 30	152	$605/sf	60	81
May 7	157	$618/sf	63	85
May 14	158	$614/sf	63	87
May 21	154	$637/sf	54	82
May 28	146	$633/sf	58	80
Jun 4	149	$614/sf	54	76
Jun 11	158	$615/sf	50	83
Jun 18	164	$606/sf	53	77
Jun 25	160	$606/sf	56	73
Jul 2	160	$607/sf	56	69
Jul 9	160	$590/sf	63	65
Jul 16	160	$591/sf	63	66
Jul 23	156	$587/sf	65	67
Jul 30	158	$582/sf	68	69
Aug 6	165	$590/sf	59	70
Aug 13	166	$596/sf	58	72
Aug 20	172	$608/sf	61	67
Aug 27	171	$622/sf	66	65
Sep 3	<center172	$611/sf	67	64

The $2,000,000+ Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 1	341	$1,021/sf	127	56
Jan 8	356	$1,007/sf	123	49
Jan 15	370	$991/sf	115	48
Jan 22	375	$992/sf	110	47
Jan 29	384	$1,005/sf	109	56
Feb 5	387	$1,005/sf	111	56
Feb 12	379	$1,004/sf	107	63
Feb 19	399	$990/sf	104	69
Feb 26	400	$990/sf	101	75
Mar 5	398	$1,022/sf	97	79
Mar 12	406	$1,017/sf	99	89
Mar 19	430	$1,020/sf	97	79
Mar 26	455	$0/sf	92	71
Apr 2	453	$0/sf	94	67
Apr 9	462	$0/sf	94	66
Apr 16	473	$0/sf	95	66
Apr 23	482	$0/sf	95	70
Apr 30	476	$0/sf	94	74
May 7	486	$0/sf	92	72
May 14	493	$0/sf	91	84
May 21	510	$0/sf	92	79
May 28	504	$0/sf	95	90
Jun 4	488	$0/sf	94	102
Jun 11	502	$0/sf	95	99
Jun 18	524	$0/sf	93	91
Jun 25	525	$0/sf	92	78
Jul 2	516	$0/sf	94	78
Jul 9	519	$0/sf	96	73
Jul 16	521	$0/sf	98	80
Jul 23	539	$0/sf	98	82
Jul 30	550	$0/sf	101	82
Aug 6	544	$0/sf	101	81
Aug 13	556	$0/sf	100	78
Aug 20	562	$0/sf	100	76
Aug 27	552	$0/sf	102	74
Sep 3	541	$0/sf	105	65

Weekly NSDCC New Listings and New Pendings

Week	New Listings	New Pendings	Total Pendings
Jan 1, 2018	18	15
Jan 8	89	31
Jan 15	87	43
Jan 22	87	43
Jan 29	81	48	244
Feb 5	77	53	262
Feb 12	74	53	280
Feb 19	89	55	295
Feb 26	87	57	318
Mar 5	84	62	328
Mar 12	107	61	339
Mar 19	88	59	350
Mar 26	99	55	347
Apr 2	87	66	346
Apr 9	106	58	336
Apr 16	98	54	331
Apr 23	108	67	353
Apr 30	98	70	362
May 7	138	68	355
May 14	99	78	386
May 21	115	63	369
May 28	92	84	387
Jun 4	91	77	410
Jun 11	100	56	401
Jun 18	103	54	376
Jun 25	105	54	358
Jul 2	83	78	361
Jul 9	74	50	342
Jul 16	109	83	361
Jul 23	101	54	357
Jul 30	97	67	364
Aug 6	101	60	349
Aug 13	103	54	350
Aug 20	89	58	334
Aug 27	83	46	325
Sep3	80	59	312

2 Comments

Rob_Dawg on September 3, 2018 at 10:32 am

I honestly thought it would take a lot longer to get back to routine $1000/sf+ prices.

The municipalities must be flush with new tax revenue and ever diminishing demand for municipal services paid from those taxes.

Waiting for 2000 homes paying for 400 kids in the priced out school districts.
daytrip on September 3, 2018 at 3:17 pm

Well, it’s Labor Day, and a review of our economic status appears warranted.

So far, black and hispanic unemployment continues to drop to all-time lows, the Dow and Nasdaq are at all time highs, while many stock prognosticators make a good case that Apple and Netflix, among other’s, have miles to go before they sleep.

Socio-economically, the #walkaway movement is gaining remarkable steam, with more African Americans moving to the Republican party than ever. All Republicans need is around 20% defection, to render the Democratic party essentially inert. Reduced to heckling from the cheap seats.

Indeed, Democratic leaders calling for a state-wide boycott of In n’ Out, and the following humiliation of failure will only help to accelerate widespread departures, while securing the next term of our President. Stop and think what an employee of In ‘n Out would make of such an aggressive gesture against their very existence?

Who in their right mind would call for the economic destruction of In ‘n Out Burgers, the epitome of the American Dream come true, and think that would work out for them? Democrat leaders, that’s who. It is to strike awe in a body. And entice many an In ‘n Out employee to drop out of the Democratic party. Just one of a number of examples of “bad plays.”

Conclusion: Be nice to the haters. They have a lot of cognitive dissonance to sort through. We are in Historic Times, domestically, and internationally, the likes not seen since WWII. African Americans are being welcomed back to their mother party with open arms. Our economy will reflect this historic homecoming with continuing employment opportunities, wondrous GDP growth, and the housing opportunities that will inevitably follow.

So… if you see a house you love, and the price is right for you, buy it, sit on your new porch with your espresso, and let’s all watch the new dawn… together!

https://www.youtube.com/watch?v=Q2D-xJ6ImAE