The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Our Big Three - Carmel Valley, Encinitas, and SE Carlsbad - continue to carry substantially more pendings than active listings,...
As long as there are more pendings than actives, the market is doing just fine. Oh well - that was last week's thought. As you can imagine, it's the high-end market that is loaded with actives. This week an agent commented on what a delightful experience he had...
To help get a sense of the frenzy conditions, let’s monitor the number of active & pending listings per area. If the active (unsold) listings start to rise, we will know that pricing is becoming an issue. But so far, the demand for detached homes between Carlsbad...
Previously we experienced a healthy market when actives outnumbered pendings 2:1. Then as the market heated up, we got used to the 1:1 ratio. Now we have areas where the ratio is more than 1:2! NSDCC Detached-Home Active and Pending Listings Town or Area Zip Code...
This morning we have more homes in escrow than we have for sale! NSDCC Detached-Home Listings Listing Status # of Listings Median List Price Active 352 $3,950,000 Pending 353 $1,925,000 Once upon a time I was discussing the actives/pendings relationship with local...
When you look at the general data, the 25% dip year-over-year of January listings doesn't look so bad - especially on a graph. Heck, we're in the middle of a pandemic! But look how it is playing out: NSDCC Detached-Home New Listings Price Range New Listings in...
Historically the market has felt healthy and balanced when we've had a 2:1 ratio of actives vs. pendings. Remember when the Ranch was 10:1 for years? Now look at the market - especially on the lower-end: NSDCC Actives and Pendings Town or Area Zip Code Actives...
In previous years, the action is winding down by mid-August. Not this year! We've seen more pendings than actives in the lower price ranges. This week it happened for the first time in the $1,500,000 - $2,000,000 range: NSDCC Actives and Pendings Price Range Active...
We saw those fancy graphs yesterday that compared the San Diego region to others nearby, and it appeared that the markets have slowed slightly. But let's isolate on the La Jolla-to-Carlsbad area. The chart above is from May 15th - here are the same categories today:...
The graph above shows the raw data - how the pendings started to increase as we got into April. It seemed like the action began to slow down just recently, and, sure enough, the rolling averages have been in decline over the last week or two in San Diego - and...
