North County Coastal monitor

User Forum Topic
Submitted by sdrealtor on August 12, 2020 - 4:30pm

Time to move this onto the forums for some added visibility and discussions. Ive been tracking this data since the beginning of April when the market was just coming out of a month where the market was frozen in place withe the shelter in place order. Since then the market has come roaring back here.

A few parameters. This data is for detached homes only in Encinitas (92024) and the two S Carlsbad zips (92009 and 92011). I run the data mid afternoon on tuesdays to allow for a day or two of negotiations after the weekend. New listings mostly come on the market between Wed Night and Saturday Morning. New pendings mostly reach agreement between Sunday night and Tuesday Afternoon. I also exclude new homes as its generally a different market.

Im not gonna rehash all the old data but may refer to trends. Anyone wanting to see data can ask or refer back to home page threads.

Submitted by sdrealtor on July 19, 2022 - 9:52pm.

matt wrote:
3.325M in LCV is still a major head scratcher for me.

They all are

Submitted by sdrealtor on July 22, 2022 - 9:41am.

most new listings get entered wednesday through friday, so far 8 this week. We may actually get a sellers strike. Gonna try to follow this aspect closely to see if its happens

Submitted by sdrealtor on July 27, 2022 - 9:19am.

Ran numbers but caught $10 Tuesday at Cinopolis yesterday. here they are.

New listings 16 (21) - another low number. 2 more weeks to get house on market and sell before end of summer

New Pendings of 15 (28) - demand waning but typically see one more burst to get in before school starts. Watch if that happens?

Thats +1

Closed sales at 20 (17)

Total houses for sale 141 (73) with median of $1.95M ($2.1M)

Same trend continues. New listings are atypically low but pendings dropped even more. Inventory feels plateauish for now but in 2 weeks when listings should start to drop even more and we should get last surge to get in before school starts inventory should start to drop. For now soft landing conditions are still present.

Submitted by ncsd760 on July 29, 2022 - 11:49am.

Wow, a big drop on Ravean. Haven't seen a drop like that in a while.

I wonder how relevant the "former model" advertising becomes after a while as some of these tract homes are old enough to order a beer?

I can appreciate that those finishes may have been top of the line at the time, the inside feels like it needs modernizing for today's buyers. Also if you're not a local, you don't remember when these were being built anyway, right?

Submitted by sdrealtor on July 29, 2022 - 5:23pm.

$550K drop. which seems like time to go quick. One thing i explain to clients is that upgrades are "consumed by time". Today's model home is an overly ornate dated home in 20 years and those upgrades often have little to no value anymore in many cases

Submitted by sdrealtor on August 10, 2022 - 6:10pm.

New listings 16 (23) - another low number. Looks like this is the eay its gonna be

New Pendings of 21 (18) - slight bump, gettin in before school starts

Thats -5

Closed sales at 16 (16)

Total houses for sale 129 (91) with median of $1.95M (didnt record it last year)

Last week was actually 131 inventory

Last year this was the peak inventory week. This year we've been pretty flat the last 4 weeks.

Submitted by sdrealtor on August 10, 2022 - 6:16pm.

New listings 9 (23) - even lower number. Looks like we may have a seller strike on our hands as I beleived we might. Will keep following this

New Pendings of 12 (34) - buyers aint playing either

Thats -3

Closed sales at 20 (24)

Total houses for sale 132 (86) with median of $1.95M (1.985M)

Inventory basically flat for 5 weeks now.

Last July we had 97 new listings and 107 pendings. Last July we had 67 new listings and 76 pendings.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.