Inventory Watch: July 3

Inventory Watch: July 3, 2023

The number of pendings surged with the largest weekly gain of the year – 48 detached-home sales between La Jolla and Carlsbad opened escrow since last Monday! This year’s previous weekly high was 39.

There should be another 2-3 weeks of heightened activity as buyers scramble to secure a home and get comfortable before school starts. We have three new listings coming – stay tuned!

The $0 – $1,500,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	22	$719/sf	75	15
Jan 9	26	$687/sf	50	14
Jan 16	23	$701/sf	52	20
Jan 23	25	$751/sf	60	21
Jan 30	23	$788/sf	45	25
Feb 6	18	$750/sf	59	24
Feb 13	18	$770/sf	48	26
Feb 20	17	$778/sf	49	26
Feb 27	18	$802/sf	48	23
Mar 6	22	$802/sf	44	14
Mar 13	22	$747/sf	45	16
Mar 20	16	$826/sf	49	21
Mar 27	17	$853/sf	47	20
Apr 3	19	$803/sf	37	20
Apr 10	11	$778/sf	53	30
Apr 17	15	$690/sf	44	27
Apr 24	12	$682/sf	33	25
May 1	11	$795/sf	35	27
May 8	14	$780/sf	33	24
May 15	16	$770/sf	37	22
May 22	21	$747/sf	45	18
May 29	20	$757/sf	52	21
Jun 5	23	$755/sf	49	20
Jun 12	17	$711/sf	31	32
Jun 19	16	$674/sf	34	33
Jun 26	20	$677/sf	32	29
Jul 3	21	$645/sf	28	33

The $1,500,000 – $2,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	45	$809/sf	60	18
Jan 9	55	$828/sf	53	19
Jan 16	46	$838/sf	53	30
Jan 23	43	$793/sf	52	31
Jan 30	40	$778/sf	54	34
Feb 6	42	$814/sf	46	30
Feb 13	35	$823/sf	51	39
Feb 20	34	$801/sf	47	40
Feb 27	27	$846/sf	33	45
Mar 6	29	$893/sf	33	41
Mar 13	32	$850/sf	33	39
Mar 20	27	$872/sf	36	41
Mar 27	22	$832/sf	39	36
Apr 3	21	$779/sf	27	36
Apr 10	22	$816/sf	26	33
Apr 17	27	$797/sf	21	33
Apr 24	28	$856/sf	31	34
Apr 24	28	$856/sf	31	34
May 1	30	$789/sf	28	36
May 8	36	$808/sf	25	37
May 15	33	$776/sf	33	44
May 22	35	$818/sf	36	44
May 29	38	$786/sf	33	40
Jun 5	39	$791/sf	34	30
Jun 12	37	$754/sf	37	32
Jun 19	36	$779/sf	35	35
Jun 26	39	$766/sf	34	36
Jul 3	39	$776/sf	41	40

The $2,000,000 – $3,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	52	$869/sf	69	30
Jan 9	57	$940/sf	66	31
Jan 16	50	$948/sf	61	36
Jan 23	51	$949/sf	58	35
Jan 30	54	$964/sf	55	34
Feb 6	60	$930/sf	51	42
Feb 13	51	$1,038/sf	52	47
Feb 20	58	$1,022/sf	47	46
Feb 27	56	$1,064/sf	52	49
Mar 6	57	$995/sf	50	50
Mar 13	55	$1,015/sf	53	47
Mar 20	50	$1,011/sf	58	50
Mar 27	54	$1,039/sf	49	47
Apr 3	54	$1,035/sf	52	38
Apr 10	55	$1,004/sf	48	42
Apr 17	64	$985/sf	47	46
Apr 24	57	$1,001/sf	43	50
May 1	57	$1,008/sf	42	45
May 8	68	$1,031/sf	36	41
May 15	71	$1,007/sf	34	39
May 22	77	$1,003/sf	34	38
May 29	74	$1,002/sf	39	43
Jun 5	77	$991/sf	42	44
Jun 12	82	$986/sf	48	45
Jun 19	90	$978/sf	48	33
Jun 26	90	$1,015/sf	49	33
Jul 3	92	$1,019/sf	49	36

The $3,000,000 – $4,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	29	$1,236/sf	85	6
Jan 9	29	$1,180/sf	80	5
Jan 16	31	$1,196/sf	73	8
Jan 23	33	$1,201/sf	71	7
Jan 30	37	$1,218/sf	70	6
Feb 6	34	$1,236/sf	75	12
Feb 13	43	$1,333/sf	68	11
Feb 20	39	$1,392/sf	71	18
Feb 27	37	$1,323/sf	68	22
Mar 6	49	$1,222/sf	56	20
Mar 13	49	$1,312/sf	49	22
Mar 20	46	$1,321/sf	52	25
Mar 27	50	$1,329/sf	52	25
Apr 3	49	$1,342/sf	51	23
Apr 10	50	$1,321/sf	57	24
Apr 17	47	$1,342/sf	59	26
Apr 24	49	$1,281/sf	63	28
May 1	53	$1,227/sf	62	23
May 8	55	$1,122/sf	63	19
May 15	57	$1,211/sf	59	19
May 22	59	$1,170/sf	61	19
May 29	60	$1,171/sf	60	17
Jun 5	70	$1,178/sf	55	15
Jun 12	64	$1,198/sf	53	18
Jun 19	67	$1,184/sf	54	20
Jun 26	66	$1,204/sf	58	25
Jul 3	63	$1,215/sf	58	22

The $4,000,000+ Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	121	$1,744/sf	126	21
Jan 9	119	$1,716/sf	123	20
Jan 16	120	$1,761/sf	121	26
Jan 23	122	$1,707/sf	119	27
Jan 30	120	$1,680/sf	121	30
Feb 6	125	$1,714/sf	118	28
Feb 13	121	$1,750/sf	116	32
Feb 20	129	$1,725/sf	112	33
Feb 27	124	$1,743/sf	115	31
Mar 6	122	$1,753/sf	109	28
Mar 13	120	$1,782/sf	109	32
Mar 20	129	$1,783/sf	106	28
Mar 27	127	$1,781/sf	106	27
Apr 3	131	$1,774/sf	105	27
Apr 10	136	$1,788/sf	107	24
Apr 17	140	$1,776/sf	108	27
Apr 24	141	$1,771/sf	107	31
May 1	142	$1,760/sf	105	30
May 8	140	$1,737/sf	104	32
May 15	141	$1,812/sf	107	37
May 22	145	$1,816/sf	106	29
May 29	142	$1,846/sf	110	36
Jun 5	152	$1,791/sf	107	31
Jun 12	163	$1,777/sf	106	24
Jun 19	166	$1,779/sf	102	26
Jun 26	179	$1,758/sf	98	29
Jul 3	184	$1,670/sf	91	39

NSDCC Weekly New Listings and New Pendings

Week	New Listings	New Pendings	Total Actives	Total Pendings
Jan 2, 2023	11	6	263	89
Jan 9	36	15	277	88
Jan 16	36	34	266	114
Jan 23	36	22	269	116
Jan 30	32	25	272	123
Feb 6	46	33	275	131
Feb 13	30	35	265	150
Feb 20	43	34	274	158
Feb 27	27	30	260	165
Mar 6	45	28	276	150
Mar 13	38	38	274	154
Mar 20	39	37	265	164
Mar 27	36	25	267	153
Apr 3	37	28	271	143
Apr 10	36	39	272	151
Apr 17	47	27	291	157
Apr 24	46	41	282	167
May 1	59	31	288	159
May 8	53	26	310	151
May 15	48	31	315	157
May 22	50	24	332	145
May 29	43	37	325	154
Jun 5	43	17	352	137
Jun 12	52	36	357	146
Jun 19	48	30	369	143
Jun 26	65	26	391	148
Jul 3	60	48	394	166

NSDCC Weekly LP Quartiles

Week	1st Quartile	2nd Quartile (Median LP)	3rd Quartile
Jan 2, 2023	$2,095,000	$3,695,000	$5,995,000
Jan 9	$1,990,000	$3,495,000	$5,775,000
Jan 16	$2,000,000	$3,574,000	$5,995,000
Jan 23	$2,099,000	$3,595,000	$5,999,000
Jan 30	$2,195,000	$3,525,000	$5,942,000
Feb 6	$2,195,000	$3,598,000	$6,845,000
Feb 13	$2,300,000	$3,795,000	$6,495,000
Feb 20	$2,397,500	$3,950,000	$6,197,500
Feb 27	$2,480,800	$3,970,000	$6,845,000
Mar 6	$2,395,000	$3,749,500	$5,995,000
Mar 13	$2,397,000	$3,772,500	$5,997,000
Mar 20	$2,580,000	$3,995,000	$6,800,000
Mar 27	$2,595,000	$3,995,000	$6,845,000
Apr 3	$2,699,000	$3,995,000	$6,750,000
Apr 10	$2,799,500	$4,074,997	$6,895,000
Apr 17	$2,600,000	$3,995,000	$6,597,000
Apr 24	$2,685,000	$4,074,997	$6,895,000
May 1	$2,695,000	$3,999,000	$6,495,000
May 8	$2,525,000	$3,849,949	$5,946,000
May 15	$2,495,000	$3,749,400	$5,950,000
May 22	$2,444,000	$3,695,400	$6,000,000
May 29	$2,495,000	$3,699,000	$6,395,000
Jun 5	$2,450,000	$3,641,500	$6,000,000
Jun 12	$2,499,900	$3,799,999	$6,496,000
Jun 19	$2,495,000	$3,750,000	$6,497,000
Jun 26	$2,450,000	$3,799,000	$6,495,000
Jul 3	$2,479,000	$3,891,500	$6,235,000