Carmel Valley Monitor

[sdrealtor]

Time to update everyone’s favorite bellweather;)

(FYI, the date’s on the last report should have read 6/7 to 6/13)

6/14 to 6/20

new listings – 14
back on market – 7

Total growth in inventory – 21

pendings – 13
expired – 3
withdrawn – 3
cancelled – 3

Total decrease in inventory – 22

Net change in inventory – minus 1

Random thoughts

Inventory still trending down.

Most of new listings and pending under $1M which will eventually pull the median down due to the mix of more lower priced homes.

5 out of the 7 homes that came Back on Market fell out of escrow which is much higher than we have been seeing. All were over $1M.

CV is still going fairly strong.

[sdrealtor]

Time to update everyone’s favorite bellweather;)

(FYI, the date’s on the last report should have read 6/7 to 6/13)

6/14 to 6/20

new listings – 14
back on market – 7

Total growth in inventory – 21

pendings – 13
expired – 3
withdrawn – 3
cancelled – 3

Total decrease in inventory – 22

Net change in inventory – minus 1

Random thoughts

Inventory still trending down.

Most of new listings and pending under $1M which will eventually pull the median down due to the mix of more lower priced homes.

5 out of the 7 homes that came Back on Market fell out of escrow which is much higher than we have been seeing. All were over $1M.

CV is still going fairly strong.

[sdcellar]

I was going to ask you exactly that. I’d been noticing a higher than normal number of escrows falling out as well.

I was thinking of posting about it, but it occurred to me that I really don’t know what normal is (or if that’s even what actually happened with a particular listing).

Sounds like you think it’s genuine. Guess will have to see if it continues. (and being the nice guy I am, I’ll not burden you further by asking for a “Fallout Monitor”)

[sdcellar]

I was going to ask you exactly that. I’d been noticing a higher than normal number of escrows falling out as well.

I was thinking of posting about it, but it occurred to me that I really don’t know what normal is (or if that’s even what actually happened with a particular listing).

Sounds like you think it’s genuine. Guess will have to see if it continues. (and being the nice guy I am, I’ll not burden you further by asking for a “Fallout Monitor”)

[CAwireman]

sdr,

Thanks for your diligence.

Question, could you also include the number of sold units?

The current update looks like a stalled market, units being added nothing selling, units dropping out.

But, if houses are sellling, it would be good to know the numbers that are.

HiggyBaby

[CAwireman]

sdr,

Thanks for your diligence.

Question, could you also include the number of sold units?

The current update looks like a stalled market, units being added nothing selling, units dropping out.

But, if houses are sellling, it would be good to know the numbers that are.

HiggyBaby

[sdrealtor]

Higgy,
the pendings are the units that go into escrow and ultimately sell. The fall out rate has been low in CV so far. this week was the exception.

[sdrealtor]

Higgy,
the pendings are the units that go into escrow and ultimately sell. The fall out rate has been low in CV so far. this week was the exception.

[sdrealtor]

Time to update everyone’s favorite bellweather;)

6/21 to 6/27

new listings – 13
back on market – 1

Total growth in inventory – 14

pendings – 7
expired – 3
withdrawn – 2
cancelled – 4

Total decrease in inventory – 16

Net change in inventory – minus 2

Random thoughts

Inventory still trending down.

Again most of new listings and pendings were under $1M> This change in the sales mix will pull the median down due in the next couple months.

FYI, while I dont track the attached market I have occassionally looked at it and have seen a similar trend.

[sdrealtor]

Time to update everyone’s favorite bellweather;)

6/21 to 6/27

new listings – 13
back on market – 1

Total growth in inventory – 14

pendings – 7
expired – 3
withdrawn – 2
cancelled – 4

Total decrease in inventory – 16

Net change in inventory – minus 2

Random thoughts

Inventory still trending down.

Again most of new listings and pendings were under $1M> This change in the sales mix will pull the median down due in the next couple months.

FYI, while I dont track the attached market I have occassionally looked at it and have seen a similar trend.

[zk]

sdrealtor,

8 expired/withdrawn/cancelled to 7 pendings.

Is that a typical ratio?

Thanks

[zk]

sdrealtor,

8 expired/withdrawn/cancelled to 7 pendings.

Is that a typical ratio?

Thanks

[sdrealtor]

Yes it sounds about right. People are always changing their mind about selling, taking a break for a week or two when family comes to visit, swapping agents or relisting after the typical 90 to 180 day listing period.

[sdrealtor]

Yes it sounds about right. People are always changing their mind about selling, taking a break for a week or two when family comes to visit, swapping agents or relisting after the typical 90 to 180 day listing period.

[sdrealtor]

Time to update everyone’s favorite bellweather;)

6/28 to 7/4

new listings – 10
back on market – 4

Total growth in inventory – 14

pendings – 5
expired – 8
withdrawn – 2
cancelled – 2

Total decrease in inventory – 17

Net change in inventory – minus 3

Random thoughts

Inventory still trending down.

Pendings trending down (could be a Holiday effect)

15 homes closed and I noticed an interesting change. Most homes closed near the asking price or in the middle of the range (when ranges were used). This indicates that sellers might be getting more realistic in setting asking prices.

The attached market inventory was a net minus 15 this week.

[Author]

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