Mira Mesa Monitor

[sdrealtor]

Week 3 of Feb

New listings 6 (3) –

New Pendings of 3 (4)

Thats +3

Closed sales at 9 (2)

Total houses for sale 6 (12) with median of $1.025m (1.07M). There were 4 on the market 2 years ago and 5 in 2021.

Little more inventory and fewer pendings. I suspect rates slowed buyers a bit but with such low inventory it wont last

[sdrealtor]

Week 4 of Feb

New listings 9 (5) –

New Pendings of 7 (3)

Thats +2

Closed sales at 7 (2)

Total houses for sale 6 (12) with median of $947k (1.037M). There were 7 on the market 2 years ago and 7 in 2021.

This is a really strong market. Everything on the market has days on market of about a week or less and should sell soon.

I was driving through last week noting how far 3 Roots has come and how many condos and townhomes there are already built. I have no doubt a steady flow of them will want to stay local and eventually roll their gains into a single family house without fees or HOA. This is a market that should continue to do well

[sdrealtor]

first week in March

New listings 3 (3) –

New Pendings of 7 (5)

Thats -4

Closed sales at 6 (7)

Total houses for sale 5 (11) with median of $950k (1.05M). There were 4 on the market 2 years ago and 6 in 2021.

This market only seems to be getting stronger

[sdrealtor]

week 2 in March

New listings 4 (4) –

New Pendings of 5 (3)

Thats -1

Closed sales at 1 (7)

Total houses for sale 4 (12) with median of $1.125M (1.05M). There were 8 on the market 2 years ago and 6 in 2021.

This market continues to show strength

[sdrealtor]

week 3 in March

New listings 7 (2) –

New Pendings of 6 (7)

Thats +1

Closed sales at 6 (2)

Total houses for sale 6 (7) with median of $1.15M (1.15M). There were 3 on the market 2 years ago and 7 in 2021.

More of the same

[sdrealtor]

week 4 in March

New listings 11 (2) –

New Pendings of 8 (2)

Thats +3

Closed sales at 5 (7)

Total houses for sale 10 (9) with median of $1.087M (1.075M). There were 5 on the market 2 years ago and 7 in 2021.

More of the same. This is a very orderly stable market settling into this new higher price level

[sdrealtor]

week 5 in March

New listings 3 (7) –

New Pendings of 7 (3)

Thats -4

Closed sales at 2 (6)

Total houses for sale 7 (12) with median of $1.185M (1.05M). There were 4 on the market 2 years ago and 9 in 2021.

Prices feel solidly 10% higher than last year. Even with a small sample size here the homes are very homogenous and its easier to say that than along the NCC where there is far more variety. There are also a steady flow of higher end flips. MM has turned the corner and more and more of the homes here will be remodeled and updated. I can continue to see a steady improvement here with no signs of interuption for a couple years and more ahead

[sdrealtor]

Yikes got some catching up to do. Here comes 3 weeks listings

New listings

7 (7)

7 (3)

4 (4)

New Pendings

4 (10)

6 (7)

4 (4)

thats

+3

+1

0

Closed sales

6 (3)

8 (2)

6 (3)

Total houses for sale

11 (9)

13 (7)

13 (10)

New listings about the same as last year but pending sales down. Inventory creeping up slightly but still very low

 

 

[bribrah]

Whered you go?? I followed these updates very closely and its sad to see them go, especially when things are starting to look a bit like they are changing/becoming more interesting.

[sdrealtor]

Im still here and I still run my numbers each week but have been too busy to post them. I actually just ran them and was texting back and forth with AN about them.

The two areas I have been following for years are starting to diverge a bit. Mira Mesa has been remarkably strong. Inventory climbed just a bit but is now declining again. Prices are rising at a decent clip this year. Flippers are doing well there and market seems very strong up to 1.2 with some nice properties selling above that. 3 Roots resales are slowly coming on the market. I beleive MM is in a great spot and has room to grow as it continues gentrifying.

Up along the NCC inventory is building especially in Encinitas. I dont think I have ever seen more prime older properties on the market. Prices are very high as it has become a bit of a glamour town. There are more homes for sale in 92024 than 92009/92011 combined by a good margin. There are a bunch of older homes on the market that were owned for decades. I think we are seeing a bit of boomer liquidation combined with Prop19 eliminating the ability to pass a prime free and clear beach property down to heirs with the old tax basis. The two Carlsbad zips have a bit more inventory also but nothing like Encinitas.

 

 

 

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