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I keep getting questions about inventory levels in different markets - here are three drastically different examples in San Diego

I’ve been getting a lot of questions about inventory lately and how different markets are affected by both current market conditions and seasonally.  Here are three examples close to home for market inventories that are behaving quite differently.  I’d love to hear your thoughts…

Here you have a perfect example of seasonal swings in Rancho Santa Fe – This year (BLACK) there has generally been more inventory than last year (ORANGE) and that has stayed fairly consistent in the Ranch.

La Jolla is very similar to the Ranch in that you are seeing season change with one notable difference in that this year (BLACK) we’ve seen a trending dip in inventory since October versus an trending rise in inventory last year… There is still more inventory in La Jolla than there was this time last year but the trends are completely different.

A third look at nearby Del Mar which is drastically different that either La Jolla or Rancho Santa Fe in that the inventory this year (BLACK) has actually dipped below last year inventory numbers (ORANGE).

This is a great way to look at what’s trending in each market – if you’re interested in getting the Altos Research Reports please don’t hesitate to ask.

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

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Market Action Index for POINT LOMA - Lower Quartile Trend is towards Sellers

Working with Michelle Silverman on Blogging today in La Jolla… here’s something we found using Altos Research

What’s interesting about this is that the lowest quartile (see red arrow) in Point Loma (92106) is trending more towards a sellers market while the other quartiles have remained relatively stable.

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

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I'm looking at Encinitas Versus Solana Beach Market Trends using Altos Research - check it out

 

Took this snapshot with Rosie Poole while looking at different markets in San Diego and Orange County – Saw Encinitas and it really blew me away – Price Trends have remained somewhat stable but what really jumped out at me was the percentage of properties with a price decrease.  Below you’ll see price trends for Encinitas

 

Again listing prices have “stabilized” for Encinitas but that is very different in nearby Solana Beach

 

As you  can see Solana Beach Listing Prices has seen a fairly steady decline in the past 6 months or so.

Great data and market trends from Altos Research and a very cool way to use your market trend reports with some very easy tools… this post took me 7 minutes to create – do you have 7 minutes to add value?  

Contact me if you’d like access to the Altos Research Market reports for your area – I’d be happy to help.

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

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Carmel Valley Market trend - created using Jing and Altos Research

 

Heading over to Carmel Valley I thought I’d take a look at how the market is doing over there.  (taken from Altos Report on 11/23) Price trends lately seem to be relatively stable and trending up although the interesting statistic here is the percent of homes on the market with a price decrease at 38% - Wow.

And I took this little snapshot using Jing (www.jing.com) which I downloaded for free – super cool tool allows me to use the red arrows!!!!

 

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

 

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Bioabsorbable stent from Abbott showing promise at three years post-implant

Three-year data from a trial of 30 patients implanted with a bioabsorbable, drug-eluting coronary stent from Abbott are showing the promise of this alternative stent technology, according to a press release from the company.

Abbott's bioabsorbable coronary stent is an everolimus-coated coronary scaffold is made of polylactide, the same material used in absorbable sutures.  According to Medgadget and an Abbott press release:

The ABSORB trial is a prospective, non-randomized (open label), two-phase study designed to enroll approximately 130 patients from Australia, Belgium, Denmark, France, the Netherlands, New Zealand, Poland and Switzerland. Key endpoints of the study include assessments of safety - MACE and stent thrombosis rates - at 30 days; six, nine, 12 and 18 months; and two years, with additional annual clinical follow-up for up to five years, as well as an assessment of the acute performance of the bioabsorbable drug eluting stent, including successful deployment of the system. Other key endpoints of the study include imaging assessments by angiography, intravascular ultrasound (IVUS), optical coherence tomography (OCT), and other state-of-the-art invasive and non-invasive imaging modalities at six months, one year and two years.

The $7.4 billion global coronary stent market is dominated by $4.7 billion in drug-eluting stent sales, but as bioabsorbable stents emerge and are introduced to the market, expected as early as 2012, the market is expected to shift toward bioabsorable stents, which will putatively minimize long(er) term risks like late stage thrombosis.

MedMarket Diligence has published its report, "Worldwide Coronary Stents, 2008-2017",  report #C245.

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DECEMBER Altos Research Webinars - Register Now - They are FREE and for your Edification

REGISTER for Free Altos Research Webinars provided by Pickford Escrow and The Escrow Firm!

Due to an overwhelming interesting in Market Data and education around how to use it with clients, Pickford Escrow and The Escrow Firm have partnered with Altos Research to provide a series of webinars to educate you on these reports – provided at no cost to you. Over the next 6 months we will provide two sets of webinars: Altos 101 and Altos 201. 

Here are the December Scheduled Webinars

ALTOS 101

Altos 101 – Understanding the Altos Research Report

Learn the basics of the weekly Altos Research market reports. We will walk through the most common questions and answer your specific questions. During this session, we’ll review both the “Executive Summary” (1-page) report and the more detailed “Market Update” reports available to you from Pickford Escrow.

·         Wed., Dec. 16, 2009 – 9:00 am . Click Here to Register

ALTOS 201

Altos 201B - Best Practices in Internet Marketing Strategy

Your clients and prospects are constantly asking -”How’s the market?” How are you answering that for them on your website, in person, and in regular drip marketing? This session will focus on how you can use “How’s the market?” to leverage your expertise and develop trust with your clients by implementing effective web strategies. We’ll look at case examples of websites that do a great job to build their pipeline and grow their circle.

·         Mon., Dec. 7, 2009 – 9:00 am. Click Here to Register

Please let me know if you have any questions – we’d love to have you attend!  Altos look out for future dates and topics.

If you do not currently take advantage of Altos Research and would like to please send me an email stating:

1.       Zip codes / Market Areas you would like: (no more than three)

2.       Single Family Homes or Condo

3.       1 page Executive Summary or Multipage Detailed Market Report

4.       Frequency – weekly, biweekly or monthly

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

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Here is a classic quartile break out for Del Mar with regards to Days on Market

In preparation for our blogging session – I thought I’d take a look in my own back yard and low and below – a really interesting trend we’ve been seeing in Del Mar (as a microcosm of the larger San Diego Market) is back in Oct 08 all quartiles (or all listed properties) had similar days on market values but as the market has shifted – all have increased.  The interesting (and some would say logical) thing is that the most expensive (upper) quartile has seen the biggest increase of Day on Market value.

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

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Price Trends for Carlsbad using Altos Research

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

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#Altos201 Webinar Next Wedneday - REGISTER FREE for your edification

Click here to download:

Altos Webinars.pdf (183 KB)

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Really interesting what's happening in the high end of the market in Beverly Hills #altosresearch

Shoot me and email or tweet if you’d like to receive market data for your area – free of charge

Joe Curtis

Pickford Escrow & The Escrow Firm

Twitter: www.twitter.com/pickfordescrow

Email: jcurtis@pickfordescrow.com

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