High end Inventory

[DaCounselor]

Hi all, just thought I would share the latest inventory numbers I have seen re the $1 mil plus market in SD. Carmel Valley and La Jolla don’t look too bad (wouldn’t say the numbers are great, but not terrible) but as you can see we have quite alot of inventory in most of the other areas.

Del Mar – 17 months. Solana Beach – 13 months. Coronado – 21 months. Downtown – 17 months. Cardiff – 14 months. Encinitas – 25 months. CV – 8 months. RSF – 26 months. Mission Hills – 27 months. La Jolla – 9 months. PB – 23 months. Point Loma – 13 months.

I don’t have numbers from any other areas than these.

[XBoxBoy]

While you list the months of inventory in La Jolla as only 9 months, I always look at it from a different data point. I look at the number of single family residences listed for sale.

In 2006 and 2007 that number was almost always under 200 and in the slow season (winter) it was under 150. Currently it’s hovering around 280. The alltime high I’ve seen is just over 300 and that was at the end of last summer. Typically the number grows throughout the summer then drop after thanksgiving. Given that it’s at 280 and summer hasn’t even officially started, (well lest by memorial day to labor day standards) I suspect we’ll see record numbers of inventory before long.

One disclaimer I’ll say about inventory in high end places. There is always a good bit of inventory that is very unrealistically priced, and the seller is in no hurry to sell. How much of what is listed falls into this category? Can’t tell you, don’t know. But this class of seller makes the inventory numbers somewhat meaningless.

XBoxBoy

[XBoxBoy]

While you list the months of inventory in La Jolla as only 9 months, I always look at it from a different data point. I look at the number of single family residences listed for sale.

In 2006 and 2007 that number was almost always under 200 and in the slow season (winter) it was under 150. Currently it’s hovering around 280. The alltime high I’ve seen is just over 300 and that was at the end of last summer. Typically the number grows throughout the summer then drop after thanksgiving. Given that it’s at 280 and summer hasn’t even officially started, (well lest by memorial day to labor day standards) I suspect we’ll see record numbers of inventory before long.

One disclaimer I’ll say about inventory in high end places. There is always a good bit of inventory that is very unrealistically priced, and the seller is in no hurry to sell. How much of what is listed falls into this category? Can’t tell you, don’t know. But this class of seller makes the inventory numbers somewhat meaningless.

XBoxBoy

[XBoxBoy]

While you list the months of inventory in La Jolla as only 9 months, I always look at it from a different data point. I look at the number of single family residences listed for sale.

In 2006 and 2007 that number was almost always under 200 and in the slow season (winter) it was under 150. Currently it’s hovering around 280. The alltime high I’ve seen is just over 300 and that was at the end of last summer. Typically the number grows throughout the summer then drop after thanksgiving. Given that it’s at 280 and summer hasn’t even officially started, (well lest by memorial day to labor day standards) I suspect we’ll see record numbers of inventory before long.

One disclaimer I’ll say about inventory in high end places. There is always a good bit of inventory that is very unrealistically priced, and the seller is in no hurry to sell. How much of what is listed falls into this category? Can’t tell you, don’t know. But this class of seller makes the inventory numbers somewhat meaningless.

XBoxBoy

[XBoxBoy]

While you list the months of inventory in La Jolla as only 9 months, I always look at it from a different data point. I look at the number of single family residences listed for sale.

In 2006 and 2007 that number was almost always under 200 and in the slow season (winter) it was under 150. Currently it’s hovering around 280. The alltime high I’ve seen is just over 300 and that was at the end of last summer. Typically the number grows throughout the summer then drop after thanksgiving. Given that it’s at 280 and summer hasn’t even officially started, (well lest by memorial day to labor day standards) I suspect we’ll see record numbers of inventory before long.

One disclaimer I’ll say about inventory in high end places. There is always a good bit of inventory that is very unrealistically priced, and the seller is in no hurry to sell. How much of what is listed falls into this category? Can’t tell you, don’t know. But this class of seller makes the inventory numbers somewhat meaningless.

XBoxBoy

[XBoxBoy]

While you list the months of inventory in La Jolla as only 9 months, I always look at it from a different data point. I look at the number of single family residences listed for sale.

In 2006 and 2007 that number was almost always under 200 and in the slow season (winter) it was under 150. Currently it’s hovering around 280. The alltime high I’ve seen is just over 300 and that was at the end of last summer. Typically the number grows throughout the summer then drop after thanksgiving. Given that it’s at 280 and summer hasn’t even officially started, (well lest by memorial day to labor day standards) I suspect we’ll see record numbers of inventory before long.

One disclaimer I’ll say about inventory in high end places. There is always a good bit of inventory that is very unrealistically priced, and the seller is in no hurry to sell. How much of what is listed falls into this category? Can’t tell you, don’t know. But this class of seller makes the inventory numbers somewhat meaningless.

XBoxBoy

[DaCounselor]

Good point xbox about the high end sellers with inflated list prices who are just fishing for that one big offer. They’re definitely out there. But if, as you state, we don’t know how many fall in this category – can’t tell, don’t know – then we really can’t come to the conclusion that such a class of seller makes the inventory numbers meaningless. So all I can do is evaluate the data I have, which is in almost all areas mentioned an inventory level of over one year and in numerous cases in the two year range. There is alot of high end inventory out there and it is not moving fast.

[DaCounselor]

Good point xbox about the high end sellers with inflated list prices who are just fishing for that one big offer. They’re definitely out there. But if, as you state, we don’t know how many fall in this category – can’t tell, don’t know – then we really can’t come to the conclusion that such a class of seller makes the inventory numbers meaningless. So all I can do is evaluate the data I have, which is in almost all areas mentioned an inventory level of over one year and in numerous cases in the two year range. There is alot of high end inventory out there and it is not moving fast.

[DaCounselor]

Good point xbox about the high end sellers with inflated list prices who are just fishing for that one big offer. They’re definitely out there. But if, as you state, we don’t know how many fall in this category – can’t tell, don’t know – then we really can’t come to the conclusion that such a class of seller makes the inventory numbers meaningless. So all I can do is evaluate the data I have, which is in almost all areas mentioned an inventory level of over one year and in numerous cases in the two year range. There is alot of high end inventory out there and it is not moving fast.

[DaCounselor]

Good point xbox about the high end sellers with inflated list prices who are just fishing for that one big offer. They’re definitely out there. But if, as you state, we don’t know how many fall in this category – can’t tell, don’t know – then we really can’t come to the conclusion that such a class of seller makes the inventory numbers meaningless. So all I can do is evaluate the data I have, which is in almost all areas mentioned an inventory level of over one year and in numerous cases in the two year range. There is alot of high end inventory out there and it is not moving fast.

[DaCounselor]

Good point xbox about the high end sellers with inflated list prices who are just fishing for that one big offer. They’re definitely out there. But if, as you state, we don’t know how many fall in this category – can’t tell, don’t know – then we really can’t come to the conclusion that such a class of seller makes the inventory numbers meaningless. So all I can do is evaluate the data I have, which is in almost all areas mentioned an inventory level of over one year and in numerous cases in the two year range. There is alot of high end inventory out there and it is not moving fast.

[sdrealtor]

From my experience having a year or two of high end (real high end) inventory is par for the course. The more meaningful measure in this case is the shear vloume of listings. If they are at historical highs that is meaningful.

[sdrealtor]

From my experience having a year or two of high end (real high end) inventory is par for the course. The more meaningful measure in this case is the shear vloume of listings. If they are at historical highs that is meaningful.

[sdrealtor]

From my experience having a year or two of high end (real high end) inventory is par for the course. The more meaningful measure in this case is the shear vloume of listings. If they are at historical highs that is meaningful.

[sdrealtor]

From my experience having a year or two of high end (real high end) inventory is par for the course. The more meaningful measure in this case is the shear vloume of listings. If they are at historical highs that is meaningful.

[Author]

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