Scripps and Mira Mesa Monitor

[SD Realtor]

I thought it was worth a ! because the new pendings alone represent close to 10% of the total number of actives.

SD Realtor

[WaitingToExhale]

This is perhaps a silly question, but with active vs. pendings are the pendings a subset of the actives, or counted separately?

For example, if actives = 100 and pendings = 50, does that mean 1/2 of homes (50 out of 100 total) are pending, or 1/3 (50 out of a total of 150)?

Thanks!

[WaitingToExhale]

This is perhaps a silly question, but with active vs. pendings are the pendings a subset of the actives, or counted separately?

For example, if actives = 100 and pendings = 50, does that mean 1/2 of homes (50 out of 100 total) are pending, or 1/3 (50 out of a total of 150)?

Thanks!

[SD Realtor]

Not a silly question at all… Pendings are in escrow and not considered actives. You can view a pending listing and in most cases submit a backup offer. Everyone plays with stats in their own way. In your example I would call the active pending ratio 2 to 1 (or 1 to 2 if you like) but others may not.

SD Realtor

[SD Realtor]

Not a silly question at all… Pendings are in escrow and not considered actives. You can view a pending listing and in most cases submit a backup offer. Everyone plays with stats in their own way. In your example I would call the active pending ratio 2 to 1 (or 1 to 2 if you like) but others may not.

SD Realtor

[SD Realtor]

Update time.

7/17/07 – 92131

Total Actives – 115 down by 2 from last week
Total Pendings – 42 down by 2 from last week

Closed escrows (sold) in the past week – 6 up 1
New listings added in the past week – 10 up 4 (one was a relist)
New pendings from 1 week ago – 5 down 1
New withdrawns from 1 week ago – 6 up 5 (however 2 of them were mistakes on the MLS)
New cancelled from 1 week ago – 1 same
New expireds from 1 week ago – 3 up 2

Comment – Another home on Reisling that was listed originally at 725 then went to 698 and now is at 653! Unfortunately it is on a busy street and a cruddy home. A home on my street had been on the market awhile originally in the 800-875 repriced at 725-800 went pending about 10 days ago… That sucks as I was hoping for it to drop below 700. I am noting in some of the withdrawns that people are not under mortgage distress so they are bailing out on the idea of selling the home and will ride out the storm.

*****************

7/10/07 – 92126

Actives – 193 up 2
Pendings – 58 up 1

Closed escrows (sold) in the past week – 10 up 3
New listings since last week – 18 up 1
New pendings from 1 week ago – 15 up 4
New withdrawns from 1 week ago – 0 down 3
New cancelled from 1 week ago – 2 up 2
New expired from 1 week ago – 1 same

*****************************

92129

Actives – 102 down 6
Pendings – 49 down 2

Closed escrows (sold) in the past week – 6 up 2
New listings since last week – 9 same
New pendings from last week – 11 same
New withdrawns from last week – 3 up 1
New cancelled from last week – 3 same
New expireds from last week – 1 same

SD Realtor

[SD Realtor]

Update time.

7/17/07 – 92131

Total Actives – 115 down by 2 from last week
Total Pendings – 42 down by 2 from last week

Closed escrows (sold) in the past week – 6 up 1
New listings added in the past week – 10 up 4 (one was a relist)
New pendings from 1 week ago – 5 down 1
New withdrawns from 1 week ago – 6 up 5 (however 2 of them were mistakes on the MLS)
New cancelled from 1 week ago – 1 same
New expireds from 1 week ago – 3 up 2

Comment – Another home on Reisling that was listed originally at 725 then went to 698 and now is at 653! Unfortunately it is on a busy street and a cruddy home. A home on my street had been on the market awhile originally in the 800-875 repriced at 725-800 went pending about 10 days ago… That sucks as I was hoping for it to drop below 700. I am noting in some of the withdrawns that people are not under mortgage distress so they are bailing out on the idea of selling the home and will ride out the storm.

*****************

7/10/07 – 92126

Actives – 193 up 2
Pendings – 58 up 1

Closed escrows (sold) in the past week – 10 up 3
New listings since last week – 18 up 1
New pendings from 1 week ago – 15 up 4
New withdrawns from 1 week ago – 0 down 3
New cancelled from 1 week ago – 2 up 2
New expired from 1 week ago – 1 same

*****************************

92129

Actives – 102 down 6
Pendings – 49 down 2

Closed escrows (sold) in the past week – 6 up 2
New listings since last week – 9 same
New pendings from last week – 11 same
New withdrawns from last week – 3 up 1
New cancelled from last week – 3 same
New expireds from last week – 1 same

SD Realtor

[betting on fall]

can someone explain the difference between withdrawn, cancelled and expired?

[betting on fall]

can someone explain the difference between withdrawn, cancelled and expired?

[SD Realtor]

withdrawn – this means that there is still a contract in place between the seller and the broker. The home is technically not active for sale though. While a home is withdrawn the days on the market at not counted.

cancelled – this means that the contract between the seller and the broker has been cancelled. The home did not sell. The seller will either find another broker to sell the home and relist or not go back on the market.

expired – this means that the contract between the seller and the broker has reached the expiration date. The home did not sell. The seller will either relist with the same broker, relist with another broker, or not relist with anybody.

In general the withdrawn, expired, and cancelled indicators show how many homes are NOT selling in a given period, (in this case a week) As markets deteriorate, these numbers grow as homes grow stale and do not sell because of lack of demand, and/or incorrect pricing.

SD Realtor

[SD Realtor]

withdrawn – this means that there is still a contract in place between the seller and the broker. The home is technically not active for sale though. While a home is withdrawn the days on the market at not counted.

cancelled – this means that the contract between the seller and the broker has been cancelled. The home did not sell. The seller will either find another broker to sell the home and relist or not go back on the market.

expired – this means that the contract between the seller and the broker has reached the expiration date. The home did not sell. The seller will either relist with the same broker, relist with another broker, or not relist with anybody.

In general the withdrawn, expired, and cancelled indicators show how many homes are NOT selling in a given period, (in this case a week) As markets deteriorate, these numbers grow as homes grow stale and do not sell because of lack of demand, and/or incorrect pricing.

SD Realtor

[waitingtobuy]

Hi SD Realtor,

Can you please add 92127,92128 and 92129 to the ” Scripps and Mira Mesa Monitor” blog? Like me, a lot of folks may have a search-radius that includes scripps, MM, Rancho PQ, 4s Ranch and alike. Would be really helpful.

Thanks

[waitingtobuy]

Hi SD Realtor,

Can you please add 92127,92128 and 92129 to the ” Scripps and Mira Mesa Monitor” blog? Like me, a lot of folks may have a search-radius that includes scripps, MM, Rancho PQ, 4s Ranch and alike. Would be really helpful.

Thanks

[SD Realtor]

92129 has been added 2 weeks ago and I will add 92127 and 92128.

SD Realtor

[SD Realtor]

92129 has been added 2 weeks ago and I will add 92127 and 92128.

SD Realtor

[Author]

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