Urban Metro Suburban monitor

User 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.

Submitted by sdrealtor on November 10, 2020 - 9:06pm.

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

Submitted by sdrealtor on November 17, 2020 - 5:39pm.

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

Submitted by gzz on November 17, 2020 - 6:18pm.

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.

Submitted by sdrealtor on November 25, 2020 - 1:12pm.

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

Submitted by sdrealtor on December 2, 2020 - 11:58am.

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.

Submitted by sdrealtor on December 9, 2020 - 3:00pm.

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

Submitted by sdrealtor on December 15, 2020 - 3:28pm.

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

Submitted by sdrealtor on December 23, 2020 - 1:47pm.

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

Comment viewing options

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