Quick Note On Scripps

[SD Realtor]

Inventory is definitely growing. All through the spring it sat between 75-85 homes (for detached homes) and today it was at 113 actives! It has been a moving up.

[eyePod]

The micro-market I follow in Central San Diego (not Scripps so this is a little off topic) is near its historic all time high number of listings (over the last two years). Also, in terms of same/very similar properties current asking prices are about 85% of peak and the most recent closed sales are about 92% of peak. Just in the last few months I have seen a decrease in pricing and an increase in listings.

[eyePod]

The micro-market I follow in Central San Diego (not Scripps so this is a little off topic) is near its historic all time high number of listings (over the last two years). Also, in terms of same/very similar properties current asking prices are about 85% of peak and the most recent closed sales are about 92% of peak. Just in the last few months I have seen a decrease in pricing and an increase in listings.

[sdrealtor]

If you follow my Market Monitors you would have seen this trend reported 2 weeks ago. The party ended in mid-May/early June in many areas including those that were previously very strong.

[sdrealtor]

If you follow my Market Monitors you would have seen this trend reported 2 weeks ago. The party ended in mid-May/early June in many areas including those that were previously very strong.

[lniles]

How do you get the historic number of listings for a specific area?

[lniles]

How do you get the historic number of listings for a specific area?

[HereWeGo]

sdr and SDR-
How are Carmel Valley and the North County Costal area holding up?

[HereWeGo]

sdr and SDR-
How are Carmel Valley and the North County Costal area holding up?

[sdrealtor]

HWG,
You can follow both of those areas weekly in 2 ongoing threads I created. In the Short Sale Monitor, I usually include some commentary on the Encinitas/South carlsbad (NCC) market. I update it between Monday afternoon and Tuesday Morning each week. On the CV Monitor, you can get the information that I update on Thursdays.

In a nutshell, they are holding up much better than the overall market. In the last couple weeks, the NCC market has definely slowed down a little. The same thing happened last year and I expect inventory will pile up for the next 4 to 6 weeks as it did last year. This excess inventory should lead to a slow decline in prices through the end of the year as motivated sellers step up and reduce their prices ahead of the pack.

In CV, the market has not slowed down yet and is doing very well. Maybe this will be the week it slows down.

[sdrealtor]

HWG,
You can follow both of those areas weekly in 2 ongoing threads I created. In the Short Sale Monitor, I usually include some commentary on the Encinitas/South carlsbad (NCC) market. I update it between Monday afternoon and Tuesday Morning each week. On the CV Monitor, you can get the information that I update on Thursdays.

In a nutshell, they are holding up much better than the overall market. In the last couple weeks, the NCC market has definely slowed down a little. The same thing happened last year and I expect inventory will pile up for the next 4 to 6 weeks as it did last year. This excess inventory should lead to a slow decline in prices through the end of the year as motivated sellers step up and reduce their prices ahead of the pack.

In CV, the market has not slowed down yet and is doing very well. Maybe this will be the week it slows down.

[Author]

Posts