Inventory Watch – Labor Day

by | Sep 3, 2018 | Inventory, Jim's Take on the Market, NSDCC Pendings | 2 comments

The NSDCC Actives vs. Pendings by price range:

Price Range
NSDCC Actives
NSDCC Pendings
A:P Ratio
Avg. DOM
Under $1.0M
109
62
2 to 1
38
$1.0M to $1.5M
207
129
2 to 1
45
$1.5M to $2.0M
172
64
3 to 1
67
Over $2.0M
541
65
8 to 1
105

In the past, we’ve considered a ratio of 2:1 to be about normal. Given this market and time of year, these look pretty good, except for the high-end which has always had excess supply.

The UNDER-$1,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
36
$477/sf
51
58
Jan 8
35
$479/sf
42
56
Jan 15
39
$469/sf
37
53
Jan 22
37
$453/sf
42
62
Jan 29
38
$459/sf
35
64
Feb 5
41
$463/sf
26
69
Feb 12
39
$461/sf
20
73
Feb 19
42
$456/sf
20
72
Feb 26
53
$451/sf
20
81
Mar 5
47
$457/sf
24
79
Mar 12
60
$434/sf
19
87
Mar 19
67
$478/sf
21
81
Mar 26
61
$477/sf
23
86
Apr 2
50
$464/sf
24
95
Apr 9
56
$471/sf
23
93
Apr 16
61
$464/sf
24
93
Apr 23
59
$459/sf
25
96
Apr 30
61
$466/sf
27
95
May 7
67
$472/sf
20
89
May 14
66
$480/sf
21
95
May 21
81
$474/sf
21
85
May 28
83
$438/sf
24
91
Jun 4
80
$442/sf
27
97
Jun 11
81
$427/sf
27
91
Jun 18
88
$442/sf
29
78
Jun 25
93
$442/sf
31
77
Jul 2
96
$443/sf
30
76
Jul 9
98
$447/sf
33
65
Jul 16
98
$445/sf
34
78
Jul 23
97
$436/sf
34
68
Jul 30
116
$433/sf
32
71
Aug 6
111
$434/sf
31
64
Aug 13
115
$434/sf
34
64
Aug 20
110
$426/sf
37
58
Aug 27
117
$430/sf
36
64
Sep 3
109
$427/sf
38
62

The $1,000,000 – $1,500,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
91
$532/sf
72
68
Jan 8
99
$551/sf
64
64
Jan 15
96
$535/sf
61
75
Jan 22
107
$515/sf
63
82
Jan 29
108
$512/sf
57
91
Feb 5
110
$518/sf
49
100
Feb 12
117
$487/sf
46
106
Feb 19
107
$500/sf
45
114
Feb 26
112
$485/sf
46
117
Mar 5
111
$496/sf
45
115
Mar 12
126
$475/sf
43
109
Mar 19
125
$487/sf
47
129
Mar 26
133
$484/sf
47
124
Apr 2
139
$495/sf
47
121
Apr 9
148
$485/sf
51
119
Apr 16
145
$474/sf
45
114
Apr 23
162
$470/sf
43
117
Apr 30
162
$486/sf
42
121
May 7
180
$495/sf
40
117
May 14
182
$491/sf
41
127
May 21
184
$475/sf
40
135
May 28
188
$473/sf
40
139
Jun 4
189
$469/sf
43
148
Jun 11
199
$469/sf
45
142
Jun 18
193
$465/sf
44
143
Jun 25
211
$476/sf
39
141
Jul 2
206
$483/sf
41
142
Jul 9
201
$483/sf
45
146
Jul 16
200
$502/sf
44
145
Jul 23
217
$504/sf
45
148
Jul 30
210
$493/sf
48
154
Aug 6
209
$493/sf
45
146
Aug 13
214
$496/sf
44
147
Aug 20
205
$494/sf
46
145
Aug 27
211
$493/sf
46
134
Sep 3
207
$486/sf
45
129

The $1,500,000 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
84
$612/sf
86
40
Jan 8
98
$612/sf
73
42
Jan 15
98
$607/sf
73
42
Jan 22
111
$589/sf
63
42
Jan 29
120
$577/sf
61
45
Feb 5
114
$586/sf
56
51
Feb 12
118
$566/sf
52
57
Feb 19
121
$596/sf
53
64
Feb 26
122
$596/sf
53
64
Mar 5
125
$593/sf
56
70
Mar 12
131
$602/sf
53
67
Mar 19
120
$598/sf
58
74
Mar 26
121
$596/sf
57
75
Apr 2
128
$593/sf
55
70
Apr 9
140
$612/sf
54
66
Apr 16
146
$617/sf
50
67
Apr 23
149
$616/sf
53
78
Apr 30
152
$605/sf
60
81
May 7
157
$618/sf
63
85
May 14
158
$614/sf
63
87
May 21
154
$637/sf
54
82
May 28
146
$633/sf
58
80
Jun 4
149
$614/sf
54
76
Jun 11
158
$615/sf
50
83
Jun 18
164
$606/sf
53
77
Jun 25
160
$606/sf
56
73
Jul 2
160
$607/sf
56
69
Jul 9
160
$590/sf
63
65
Jul 16
160
$591/sf
63
66
Jul 23
156
$587/sf
65
67
Jul 30
158
$582/sf
68
69
Aug 6
165
$590/sf
59
70
Aug 13
166
$596/sf
58
72
Aug 20
172
$608/sf
61
67
Aug 27
171
$622/sf
66
65
Sep 3 <center172
$611/sf
67
64

The $2,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
341
$1,021/sf
127
56
Jan 8
356
$1,007/sf
123
49
Jan 15
370
$991/sf
115
48
Jan 22
375
$992/sf
110
47
Jan 29
384
$1,005/sf
109
56
Feb 5
387
$1,005/sf
111
56
Feb 12
379
$1,004/sf
107
63
Feb 19
399
$990/sf
104
69
Feb 26
400
$990/sf
101
75
Mar 5
398
$1,022/sf
97
79
Mar 12
406
$1,017/sf
99
89
Mar 19
430
$1,020/sf
97
79
Mar 26
455
$0/sf
92
71
Apr 2
453
$0/sf
94
67
Apr 9
462
$0/sf
94
66
Apr 16
473
$0/sf
95
66
Apr 23
482
$0/sf
95
70
Apr 30
476
$0/sf
94
74
May 7
486
$0/sf
92
72
May 14
493
$0/sf
91
84
May 21
510
$0/sf
92
79
May 28
504
$0/sf
95
90
Jun 4
488
$0/sf
94
102
Jun 11
502
$0/sf
95
99
Jun 18
524
$0/sf
93
91
Jun 25
525
$0/sf
92
78
Jul 2
516
$0/sf
94
78
Jul 9
519
$0/sf
96
73
Jul 16
521
$0/sf
98
80
Jul 23
539
$0/sf
98
82
Jul 30
550
$0/sf
101
82
Aug 6
544
$0/sf
101
81
Aug 13
556
$0/sf
100
78
Aug 20
562
$0/sf
100
76
Aug 27
552
$0/sf
102
74
Sep 3
541
$0/sf
105
65

Weekly NSDCC New Listings and New Pendings

Week
New Listings
New Pendings
Total Pendings
Jan 1, 2018
18
15
Jan 8
89
31
Jan 15
87
43
Jan 22
87
43
Jan 29
81
48
244
Feb 5
77
53
262
Feb 12
74
53
280
Feb 19
89
55
295
Feb 26
87
57
318
Mar 5
84
62
328
Mar 12
107
61
339
Mar 19
88
59
350
Mar 26
99
55
347
Apr 2
87
66
346
Apr 9
106
58
336
Apr 16
98
54
331
Apr 23
108
67
353
Apr 30
98
70
362
May 7
138
68
355
May 14
99
78
386
May 21
115
63
369
May 28
92
84
387
Jun 4
91
77
410
Jun 11
100
56
401
Jun 18
103
54
376
Jun 25
105
54
358
Jul 2
83
78
361
Jul 9
74
50
342
Jul 16
109
83
361
Jul 23
101
54
357
Jul 30
97
67
364
Aug 6
101
60
349
Aug 13
103
54
350
Aug 20
89
58
334
Aug 27
83
46
325
Sep3
80
59
312

2 Comments

  1. Rob_Dawg
    Rob_Dawg on September 3, 2018 at 10:32 am

    I honestly thought it would take a lot longer to get back to routine $1000/sf+ prices.

    The municipalities must be flush with new tax revenue and ever diminishing demand for municipal services paid from those taxes.

    Waiting for 2000 homes paying for 400 kids in the priced out school districts.

  2. daytrip
    daytrip on September 3, 2018 at 3:17 pm

    Well, it’s Labor Day, and a review of our economic status appears warranted.

    So far, black and hispanic unemployment continues to drop to all-time lows, the Dow and Nasdaq are at all time highs, while many stock prognosticators make a good case that Apple and Netflix, among other’s, have miles to go before they sleep.

    Socio-economically, the #walkaway movement is gaining remarkable steam, with more African Americans moving to the Republican party than ever. All Republicans need is around 20% defection, to render the Democratic party essentially inert. Reduced to heckling from the cheap seats.

    Indeed, Democratic leaders calling for a state-wide boycott of In n’ Out, and the following humiliation of failure will only help to accelerate widespread departures, while securing the next term of our President. Stop and think what an employee of In ‘n Out would make of such an aggressive gesture against their very existence?

    Who in their right mind would call for the economic destruction of In ‘n Out Burgers, the epitome of the American Dream come true, and think that would work out for them? Democrat leaders, that’s who. It is to strike awe in a body. And entice many an In ‘n Out employee to drop out of the Democratic party. Just one of a number of examples of “bad plays.”

    Conclusion: Be nice to the haters. They have a lot of cognitive dissonance to sort through. We are in Historic Times, domestically, and internationally, the likes not seen since WWII. African Americans are being welcomed back to their mother party with open arms. Our economy will reflect this historic homecoming with continuing employment opportunities, wondrous GDP growth, and the housing opportunities that will inevitably follow.

    So… if you see a house you love, and the price is right for you, buy it, sit on your new porch with your espresso, and let’s all watch the new dawn… together!

    https://www.youtube.com/watch?v=Q2D-xJ6ImAE

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