June 5, 2006 at 6:36 PM #6675
Is there any information regarding the inventory levels as a percentage of the total housing stock in San Diego?
There were thousands of new homes/condos/conversions created over the last several years and I was wondering what the percentage inventory levels were presently versus the last time the market had a downturn (as a percentage of total housing stock).
I know as an absolute number the inventory level in San Diego is at it’s largest level in history but as a percentage of total housing stock how does it stack up to the inventory:housing stock ratio compared to the 90’s downturn?
If I recall correctly, the last downturn had far less housing stock (we had been building at pre-WWII levels in some years and only a few thousand units were built) and the inventory levels were about 90% of what they are now.
I saw the post by LA_Renter for the inventory in relation to population but I am wondering how it stacks up in relation to the total number of condo/homes that could be sold.
I guess I would ask the same question for foreclosures.June 5, 2006 at 6:38 PM #26250john67elcoParticipant
Yes can anyone plz post inventory levels in Temecula? Thats where I plan to rent once my wife gets one of the 33 teacher openings.
“You say housing market will keep rising? Then your stupid for not buying as many homes as you can right now!!!!!!!!!June 5, 2006 at 6:45 PM #26252BugsParticipant
I did a quick-n-dirty count in public records, which shows 450,862 SFRs and condos built prior to 1994, and 72,295 built after 1994. That’s about a 14% increase in the housing stocks, which to me means we’d have to see another 14% increase in listing inventory before we reached the effective conditions of the mid-1990s.June 5, 2006 at 6:47 PM #26254
Did I say it would keep rising? Or is that a general comment not directed at anyone in particular?June 5, 2006 at 6:49 PM #26255
Thanks Bugs. That’s exactly what I was looking for. Looks to me like we’re close. Do you know if that included condo conversions?June 5, 2006 at 7:14 PM #26262North County JimParticipant
14% above the previous record would put us very close to 22,000. Current inventory is about 21,400.
It looks like we’re getting close and we’re still in the early innings.
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