San Diego Housing Bubble News and Analysis

HA HA HA! in your wildest dreams Hipmatt, not including Winchester, there are more like 3,500 SFR's for sale between Murrieta and Temecula under 800K, add in the townhomes and condo's then the builders inventory and FSBO's and you'll have more like 6 or 7 thousand homes and the number is growing every week!
stay away from the bottle!

Until you have access to the mls, and put in the parameters that I did, then just move along. Everything quoted is fact. Ask any agent to run a similar search. I'm not including condos, only SFR like I stated...

Anything in 92129?

Are you an agent? if so you should know the area!
Temecula zips are 92589, 90, 91,92 & 93
Murrieta zips are 92562, 63 & 64

you made a general statement about Temecula and Murrieta you did give a specific area in these towns so why don't you put in the parameters with all the zips above and let us know what your search says the numbers are.

then move along!

The problem is your parameters and the database, I have the same trouble when I update the three car garage monitor. Since half of the inventory is bank owned and they have never been near the house their mls entries are all goofed up. The error rates make the Florida registrar of voters look like rocket scientists. I'd say 20% of all listings are inaccurate. I took just one data category, you listed 254 Temecula SFR's 200-300, but I found more than 300. I ran them by zip and didn't pick SFR, then extracted out the condos. When I do the garages, it's a disaster, if the bank REO dept sees a two car garage in the picture they list it as a two car, not thinking about tandems. Some clearly have three garage doors but they list them as 2 car, how that is possible boggles the mind. One house that I was looking at seriously and toured the inside has been listed with three different out of town agents over the last nine months, the bank changes agents every 90 days (since it must be the agent and not the price). Each time the listing changes, the bedroom count changes. I've been in it, there are six bedrooms but the first agent said 4, the second said 5 and now they say four again. The problem is nobody has ever been there and I can only assume they are idiots because the tax roll says 6 and visually there have been no interior modifications, it has always had six. I've given up on using mls parameter filters and just go with wider searches. They consistently screw up the zip code, list sfr's as condos, garages are wrong, the development is wrong about 1/3 of the time. There are houses listed in the mls that have sold and the new people are living there while there are houses that don't get entered or you will never see because they listed the wrong zip. Some of the problem is because of the newer developments not being in databases and the streets not in certain mapping or gis programs but the largest culprit is idiot agents and data entry people at the mls itself (I can only imagine they are overworked at the moment), just read all the typos in the narrative and you'll realize walmart is missing a cashier.

Either way the numbers are going to go up, I monitor the NOD's every week and I have never seen anything like what is happening now. 92592 had 97 homes get a Notice of Default in the last 7 days. 92563 got 40 yesterday alone, nods are outpacing sales more than 10-1, hold onto those ticket stubs.

Smart comments TG.

Getting data out of a database is about 100 times easier than getting the correct data into them.

To keep it simple, I'm not using zip codes, just the cities. I'm doing a simple search, which is why I stated that it is unofficial and not perfect. I'm not gonna go and check every zip, by following the cities and the price ranges, it should give enough data to kick around on these boards.

I got the info last night by logging onto www.imrmls.com, which is what is used in this area. I then select STATUS: either active or pending, very simple. Then I select TYPE: Single Family Residence. Then under CITY: either Temecula, Murrieta, or Winchester. Anyone who wants it broken down into zips can do so on their own time, sorry. The last, and final thing I choose is the PRICE: either 200000-(under 200k), 200001-300000, 300001-400000, or 400001-800000.

mgubnyc1 .. can you grasp the concept? Where are you getting your 3500+ number from, care to share? I just described the entire process, which is fairly simple, and should give a nice "BALLPARK" estimate of whats going on. I would love to hear how you come up with your data.

Hopefully you aren't using redfin, which lists the same home up to 4 or 5 times.. like these...
http://www.redfin.com/stingray/do/listin...

Active SFR priced under 200k

Temecula 9
Murrieta 13
Winchester 4

Active SFR priced from 200-300k

Temecula 260
Murrieta 371
Winchester 87

Active SFR priced from 300-400k

Temecula 301
Murrieta 523
Winchester 113

Active SFR priced from 400-800k

Temecula 324
Murrieta 276
Winchester 43

Active total SFR priced under 800k

Temecula 894
Murrieta 1183
Winchester 247

Pending SFR with list prices under 800k

Temecula 231
Murrieta 291
Winchester 69