- This topic has 414 replies, 24 voices, and was last updated 2 months, 3 weeks ago by
sdrealtor.
-
AuthorPosts
-
April 7, 2021 at 1:00 PM #821023April 14, 2021 at 11:32 AM #821083
sdrealtor
ParticipantUpdate time for week ended yesterday
New listings 10 –
New Pendings of 9 –
Thats +1 change
Closed sales at 7
Price reductions at 1.
Current inventory at 10 with median price of $782K
The slow steady drip of new inventory with buyers waiting for it. Id imagine the buyer pool must be growing larger. No relief in sight
April 20, 2021 at 5:38 PM #821132ParticipantUpdate time for week ended today
New listings 4 – lowest number this year
New Pendings of 11 – one off highest number this year
Thats -7 change
Closed sales at 5
Price reductions at 1.
Current inventory at 6 with median price of $799K
Inventory is not getting better. Demand is as strong as its been all year. We are heading into May which is one of our strongest months. Buyers gotta be shaking their heads hoping for some more inventory.
April 20, 2021 at 10:52 PM #821135an
ParticipantInventory is worst today than in 2005
April 20, 2021 at 11:07 PM #821136ParticipantDefinitely. Certainly in MM, along the coast and in the 4S area.
April 21, 2021 at 10:51 AM #821142ParticipantThe numbers are even worst in Sorrento Mesa ;-).
April 21, 2021 at 10:52 AM #821143ParticipantLol
April 27, 2021 at 11:55 AM #821188ParticipantUpdate time for week ended today
New listings 5 – lowest number this year
New Pendings of 8 – one off highest number this year
Thats -3 change
Closed sales at 7
Price reductions at 1.
Current inventory at 3 with median price of $765K
Inventory is really ONE! Two are currently working through multple offers. the one was listed too high and just reduced. There is basically no houses for sale in the newly rebranded Sorrento Mesa
April 27, 2021 at 1:49 PM #821191ParticipantIt’s pretty crazy if you think about it… For an area of 23k household and 74k people, there are 3 houses for sale.
April 28, 2021 at 11:49 AM #821215ParticipantBeyond crazy
April 30, 2021 at 8:34 AM #821241ParticipantClient closed here in December and had to deal with a $20k appraisal shortfall. Four months later there is a comp almost 25% higher within spitting distance. Astounding
April 30, 2021 at 10:39 AM #821245Participant[quote=sdrealtor]Client closed here in December and had to deal with a $20k appraisal shortfall. Four months later there is a comp almost 25% higher within spitting distance. Astounding[/quote]
That’s insaneMay 5, 2021 at 12:33 PM #821315ParticipantUpdate time for week ended yesterday. If we are gonna see any inventory build it should start soon
New listings 11 – highest number this year and as expected. Bring on more inventory as we are a month away from school year ending
New Pendings of 4 – lowest number this year and as expected. there was nothing to buy last week
Thats +7 change
Closed sales at 4
Price reductions at 1.
Current inventory at 11 with median price of $800K. thats more than we have had in a long time. Not only more but nicer and bigger than we have seen in a while. Now will the market absorb it or will more pile on?
Next update should provide some feedback on that
May 5, 2021 at 6:21 PM #821319ParticipantGlad to see seller push the limit to find out what the market price is. IMHO, for a buyer, it’s better this than a bidding war against 30 people and have to play chicken with a “Highest and best” offer.
May 12, 2021 at 10:38 AM #821476ParticipantUpdate time for week ended yesterday. Inventory is not building at least nmot yet
New listings 10 – nice to see that number stay up and hopefully this continues but really need more
New Pendings of 12 – bring more inventory online and it sells, imagine that? Market has no issue absorbing new listings
Thats -2 change
Closed sales at 6
Price reductions at 3.
Current inventory at 11 with median price of $849K. Its not building but at least held up. Sellers are taking notice of comps and asking prices on the rise. Lets see what happens this week
-
AuthorPosts
- You must be logged in to reply to this topic.