NSDCC Active and Pending Listings
The unsold listings are stacking up earlier than normal in Del Mar (Median LP = $4,750,000) and in Rancho Santa Fe (Median LP = $7,895,000) but no one is going to feel sorry for them.
The other areas are hanging tough around the 2:1 ratio or better, which has been the healthy-market zone.
But look at SE Carlsbad for an example. It has the exact same number of pendings as there were at this time last April, but the number of actives are almost doubled, even with a reasonable median LP of $2,099,000.
This year, there will be more listings that price too high, don’t adjust, and get left behind.
> This year, there will be more listings that price too high, don’t adjust, and get left behind.
Truer words were never spoken. It isn’t about what your house is worth, it is about what other people think your house is worth.