- This topic has 38 replies, 4 voices, and was last updated 3 years, 4 months ago by
sdrealtor.
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September 9, 2020 at 5:22 PM #819597September 10, 2020 at 11:05 AM #819605
sdrealtor
ParticipantGotcha and may have confused you with someone else. Good call
September 15, 2020 at 5:25 PM #819665ParticipantMarket sure seems a lot more balanced and sane down here.
New listings 18 back to average
New Pendings 15 thats another drop
Thats +3 for inventory.
Closed sales at 19 another new high since I started tracking.
Price reductions at 11.
Total houses for sale 72.
Still feels like limited inventory. Very little new inventory under $1M.
September 21, 2020 at 12:18 PM #819737ParticipantJust a heads up. I’ll do an update tomorrow but it will likely be a mess. They switched MLS platform and we had to access to update it since noon on Wednesday. It just re-opened but I think there will be some lag and glitches so data could be wacky this week and possibly next week as local realtors play catch up. Should be back to normal in a couple weeks
September 22, 2020 at 1:40 PM #819765ParticipantNo update the transition is too glitchy and I cant get the data Ive been running. if I search for all new listings the last 7 days I get every listing in history of the database as they have all been added to the database in the last few days. We can get back to normal reporting next week.
Until then I’ll report active SFR inventory at 69 which is down from last week but still subject to the new system.
There were 8 brand new listings entered here in last 2 days but only 5 marked pending. The whole transition has thrown us all for a loop so not much value in the last week of data anyway.
Best to consider inventory slightly down this week here
September 29, 2020 at 1:15 PM #819786gzz
ParticipantThere’s been more new listings than normal the past 10 days in 92107, and they are priced well above 2019 comps.
Nice to see markets work like they should: demand goes up, prices rise, higher prices attract more sellers.
After reading this listing, I want to tell agents: it’s OK to call a place a tear-down, not a “fixer”
https://www.sdlookup.com/MLS-200046551-4525-Saratoga-Ave-San-Diego-CA-92107
Or maybe all that stuff about it being a “fixer” is to let people get a normal conforming mortgage?
September 29, 2020 at 3:19 PM #819787scaredyclassic
Participanti like it as is
September 30, 2020 at 11:35 AM #819792ParticipantYou’re a man of simple tastes.
No bathroom countertop, at all, and the 25+ holes in the living room floor tell me: knock it down.
It probably has a ton of old growth redwood framing lumber worth salvaging.
September 30, 2020 at 11:39 AM #819793ParticipantI wouldnt read anything into listing activity. Its been a mess the last week and we should see some catch up. You may see a surge of listings this week due to that. Id call it a trend if it keeps going for a couple weeks. I couldnt even log in yesterday. MLS transition to new platform is still struggling to get it right. Sorry no update this week. Not that Id put credence in it but I could not even pull it yesterday.
October 6, 2020 at 12:42 PM #819863ParticipantGoing to try to get this rolling again. the transition to the new platform has been very glitchy and I dont completely trust the data yet but we are close
New listings 23 more than we have been seeing but could be catching up from MLS transition. Too soon to read anything into that
New Pendings 19
Thats +4 for inventory.
Closed sales at 19 another strong number but could be catch up. Will know better in a month
Price reductions at 6.
Total houses for sale 76.
October 14, 2020 at 1:18 PM #819920ParticipantData getting better but I noticed something that necessitates a change. Most of the new inventory and existing inventory is well over $1M in 92103. Most of the pendings are coming in the other two zips which are more affordable. The reasoning behind this thread was to track an affordable metro sfr market. Im gonna start just looking at North Park and Normal Heights as it will be far more useful. You”ll see why…
New listings 8 which isnt many. Lets see how it goes going forward
New Pendings 16 lots of demand
Thats -8 for inventory.
Closed sales at 14
Price reductions at 5.
Total houses for sale 29. Thats not many for two densely populated zips though they do have more multi family
October 14, 2020 at 6:06 PM #819921ParticipantHillcrest sure does have a lot of very high end condos.
It is a lovely area, but I don’t feel like it will appreciate much compared to other areas, mainly because current prices are high and infill development is high for an older area.
I have a friend who owns a triplex there. He lived in the largest unit and enjoyed entertaining until he had another baby and wanted a place with a bigger yard and not 3 floors.
In many ways it is the single most walk-friendly California neighborhood outside of San Francisco.
Sure there are denser area than Hillcrest, but it terms of the ease of actually getting out and walking places, I think Hillcrest by a small margin beats Santa Monica and Downtown LA and SD because traffic is so limited and the blocks are small and human scale.
Maybe a few parts of the West Side of LA and areas right outside of downtown like Echo Park can compare.
October 20, 2020 at 10:12 AM #819947Participant92107 Supply Update
0.90 month supply overall.
including only the sub-$2 million market, supply is 0.59 months.
About 2-3 weeks ago there was a little surge of new listings, but they sold very quickly, and have not been replaced by further new listings.
Our sister zip 92106 (most of Point Loma) had a very steady inventory level between 49 and 60 between April and late September. Now it is 39.
I was not able to find anything new about San Diego rents, but here’s a thread with up to date comments from some bay area landlords:
Here’s an article saying LA is down, the IE is up, but both by fairly small amounts.
https://www.livabl.com/2020/10/la-rents-fall-insland-empire-increases.html
October 20, 2020 at 8:20 PM #819956ParticipantWeek 2 looking at NP and NH
New listings 11 which is better than last week
New Pendings 12 more than new listings but less than last week
Thats -1 for inventory.
Closed sales at 8
Price reductions at 4.
Total houses for sale 34.
October 27, 2020 at 2:11 PM #820010ParticipantWeek 2 looking at NP and NH
New listings 10 about the same as last week
New Pendings 10 about the same as last week
Thats 0 for inventory.
Closed sales at 9
Price reductions at 3.
Total houses for sale 31.
Just chugging along here in a tight market
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