Update time. The uptick in listings should have started and along with the next two will give us a good glimpse as to how the Spring season will go. Lets see what we got.
New listings 14 – really expected/hoped for more. It better pick up soon because….
New Pendings of 23 – buyers are relentless!
Thats a -9 for the week.
Closed sales at 12
Price reductions at 5.
Total houses for sale down to 50 with median of $2.29M
Inventory below $1.5 is very scarce. Herd of 50+ showings on a $1.4M home this weekend. Most of the inventory is high priced in Encinitas.
There is very little in So Carlsbad which should be 3 to 4 times the size of Encinitas market. There are 19 homes on the market in So Carlsbad and only 9 below $1.5M. There should be closer to 100 in a more normal market.
This is looking like we could get another 10% bump this year along the NCC unless something starts changing soon.
