Inventory Watch: Feb 3rd

Inventory Watch: February 3rd

My predicted surge in inventory is underway – look at the navy-blue line above. There are 363 active listings between La Jolla and Carlsbad today, and once the Super Bowl is out of the way, we should really get rocking. It should easily reach 400 before the end of the month.

It’s not a bad thing for the sellers who are willing to price attractively – there is still plenty of action. There will just be more this year that don’t sell at all.

NSDCC New Listings In The Last Week: 72 (+8%)

NSDCC New Pendings In The Last Week: 28 (+9%)

Buyers love the additional choices and will continue to be very picky, especially on price.

How did last month measure up?

NSDCC January Sales: 117 (102 last January)

NSDCC January Listings: 243 (242 last January)

Both of those categories should swell by roughly 10% as the late-reporters log in.

The final guesses on the number of NSDCC January listings:

211 – Eddie89

213 – Shadash

216 – regina

246 – Anne M

267 – Surfrider

280 – doughboy

293 – Joe

296 – Tim DeRoche

303 – Tom

307 – Jun

311 – SN

317 – CB Mark

318 – Nick

328 – Majeed

337 – natalie

353 – Derek

355 – Skip

365 – Leo

401 – Dr k

417 – Susie

421 – Giving Cat

Giving Cat (Rob Dawg) will probably endure the same fate as with the Coffee Bet – being correct, just early.

In April, 2009, real estate bloggers did a panel discussion on when the bottom would be, and I guessed December, 2011. Instead, the bottom happened during the very month of our discussion – April, 2009! https://www.bubbleinfo.com/2009/04/24/coffee-bet-2/

Check those lively comment sections too!

The $0 – $2,000,000 Market:

The $2,000,000 – $3,000,000 Market:

The $3,000,000 – $4,000,000 Market:

The $4,000,000+ Market:

NSDCC Weekly New Listings and New Pendings

NSDCC List Price Quartiles