Short sales 2,199 up from 2,113 last week! Increases are steady but there hasnt been a surge in the velocity.
Total SD County Listings 17,548 another small climb from 17,243 last week. Inventory has not flooded the market and I dont think it will. Last two big listing waves are around June 1st and late June after school lets out.
Quick update on NC Coastal. Active listings(463 to 468) and pendings (174 to 180) are both up but pendings a little. The ratio of active to pending also went down a little. Not much change here. I still dont have my data from the last few years to check against the pattern and will try to get to it later.
We’ll take a look at Carmel Valley tommorrow.
Anecdotes from the field. I was out showing homes in Del Mar this weekend. A very nice 3350 sq ft was listed for $1.7M last week and there was bumper to bumper traffic through it. There were two other showings the same time as me and I even got blocked in the driveway. From what the agent said, it was shown about 20 times over the weekend. It wasnt what my clients were looking for but if it was they would have written an offer on the spot. I’d be surprised if it isnt sold by the end of Memorial Day.
