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Urban Metro Suburban monitorUser Forum Topic
Submitted by sdrealtor on August 12, 2020 - 4:59pm
UPDATE: While running numbers on 10/13/20 it became obvious this was two very different markets and should be tracked differently. Im pulling out 92103 and sticking with 92104 and 92116. Trying tog et something more representative of whats actually going on down there. Left orginal post below for integrity of thread Not sure this name will make sense but these higher end, close in zips just east of Downtown. I included 92103 (Mission Hills and Hillcrest), 92104 (North Park) and 92116 (Normal Heights). University Heights kinda cross zips (92103 and 92116). I left out 92102 (South Park, Golden Hill etc) and 92105 (City Heights etc) as they just felt more diverse and less gentrified. Both have some really nice sections and some that have a long way to go. Apologies if anyone is interested in those but I think they would be better carved out and viewed separately. Both zips span a wider demographic range than the other 3 zips. Again only looking at detached and excluding new construction As an aside while Im quite familiar with these areas I have never tracked them and have no idea where this will go. I guess that makes it even more interesting for me.
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Joe time Update. This week looked like last week
New listings 14 a little more inventory than weve gotten lately
New Pendings 12 about average
Thats +2 for inventory.
Closed sales at 13
Price reductions at 5.
Total houses for sale 33.
Still chugging along
Joe time Update. This week looked like last week
New listings 16 a little bump in listings so more inventory
New Pendings 10 about average
Thats +6 for inventory.
Closed sales at 13
Price reductions at 6.
Total houses for sale 42. Thats a noticeable uptick in the inventory so consistent with NCC. The question is whther these are first signs of a cooling. Time will tell
No sign of inventory uptick in 92107. MLS is 2 condos and 13 houses now. Oct 4 it was 13 and 21. So inventory decreased from an already low level by 56% in 6 weeks.
92109 also with a large inventory loss the past month, not quite as extreme, 124 to 95.
Joe Certification Update time!
New listings 10 sellers likely shutting it down
New Pendings 12 buyers still not
Thats -2 for inventory.
Closed sales at 17
Price reductions at 0.
Total houses for sale 37. Looks like it was an anomaly here also. Median price of homes on the market close to $1M
More of the same here. Slow and steady
New listings 9 sellers shutting it down
New Pendings 10 buyers still not
Thats -1 for inventory.
Closed sales at 12
Price reductions at 1.
More of the same here. Slow and steady
New listings 8 sellers shutting it down
New Pendings 8 buyers still not
Thats no change for inventory.
Closed sales at 6
Price reductions at 6.
Inventory at 37
This is a much more steady market than NCC
New listings 9 sellers shutting it down
New Pendings 18 -a late surge in buying activity. Thats highest # in a couple months
Thats -9.
Closed sales at 14
Price reductions at 3.
Inventory at 35
New listings 10 actually kinda steady for this time of year
New Pendings 10 -a late surge in buying activity.
Thats flat.
Closed sales at 6 (low inventory should be a spike before y/e)
Price reductions at 4.
Inventory at 31