- This topic has 50 replies, 14 voices, and was last updated 18 years, 3 months ago by
little lady.
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October 8, 2007 at 1:46 PM #10536October 8, 2007 at 2:06 PM #87393
niy38
Participantit’s really bad, jumping into water now.
lowest since Jan, 2006, from the stats.
October 8, 2007 at 2:06 PM #87400Participantit’s really bad, jumping into water now.
lowest since Jan, 2006, from the stats.
October 8, 2007 at 2:43 PM #87397lendingbubblecontinues
Participantbad news for who???
the realtors???
let them go back to having “imagination Christmas” for a change;)
Rough calculation @ 6%:
$27 MILLION fewer commission dollars to go around than the same month last year!!! That’s gonna leave a mark!!
October 8, 2007 at 2:43 PM #87404Participantbad news for who???
the realtors???
let them go back to having “imagination Christmas” for a change;)
Rough calculation @ 6%:
$27 MILLION fewer commission dollars to go around than the same month last year!!! That’s gonna leave a mark!!
October 8, 2007 at 3:28 PM #87415bsrsharma
ParticipantIf you see these detailed statistics http://sandicor.com/statistics/stats2007/09-2007/sfd-09-07-stats.pdf
Some things are surprising:
Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these?
Some unusual areas of strength: Chula Vista, Escondido, San Marcos, Claremont Mesa all have sold Jumbo priced properties.
October 8, 2007 at 3:28 PM #87422ParticipantIf you see these detailed statistics http://sandicor.com/statistics/stats2007/09-2007/sfd-09-07-stats.pdf
Some things are surprising:
Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these?
Some unusual areas of strength: Chula Vista, Escondido, San Marcos, Claremont Mesa all have sold Jumbo priced properties.
October 8, 2007 at 3:44 PM #87427little lady
Participant“Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these”
DOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn’t sell he relists it.
I noticed the high MOI as well, and it’s only gonna get worse….waiting with baited breath now…………
October 8, 2007 at 3:44 PM #87434Participant“Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these”
DOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn’t sell he relists it.
I noticed the high MOI as well, and it’s only gonna get worse….waiting with baited breath now…………
October 8, 2007 at 3:51 PM #87429Duck
ParticipantAfter a quick look, all North County coastal zips (Cardiff to Carlsbad) show YOY price increases even though sales were lower and August/September were the big credit crunch months. While monthly median prices are not the end-all be-all gauge it seems odd that every single one saw increases in this environment.
Oceanside as well as that other coastal city near LaJolla, Santee, showed price declines and heavy sales declines. Seems like there is a big divergence in areas where subprime loans were the prevailing choice of purchases and re-fi’s.
October 8, 2007 at 3:51 PM #87435ParticipantAfter a quick look, all North County coastal zips (Cardiff to Carlsbad) show YOY price increases even though sales were lower and August/September were the big credit crunch months. While monthly median prices are not the end-all be-all gauge it seems odd that every single one saw increases in this environment.
Oceanside as well as that other coastal city near LaJolla, Santee, showed price declines and heavy sales declines. Seems like there is a big divergence in areas where subprime loans were the prevailing choice of purchases and re-fi’s.
October 8, 2007 at 4:11 PM #87433ParticipantDOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn't sell he relists it.
If so, they are hurting everyone. If I am a seller, I see these small DOM and think the market is healthy and not price it low enough to sell, thus chasing the market down. If the MLS can be made to reflect true DOM, potential sellers will get shivers in their spine on seeing DOMs like 180/ 360/540 and will price it aggressively, shortening the suffering for everyone.
October 8, 2007 at 4:11 PM #87440ParticipantDOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn't sell he relists it.
If so, they are hurting everyone. If I am a seller, I see these small DOM and think the market is healthy and not price it low enough to sell, thus chasing the market down. If the MLS can be made to reflect true DOM, potential sellers will get shivers in their spine on seeing DOMs like 180/ 360/540 and will price it aggressively, shortening the suffering for everyone.
October 8, 2007 at 6:16 PM #87457raptorduck
ParticipantWith 17 months inventory you would think RSF sellers would drop their prices, but not the ones I am looking at. They are holding firm even after more than 100 days on the market.
The conclusion is that they can afford to wait out the down turn and don’t need to sell. Well, I don’t need to buy either, not at their prices. Not in this market.
October 8, 2007 at 6:16 PM #87464ParticipantWith 17 months inventory you would think RSF sellers would drop their prices, but not the ones I am looking at. They are holding firm even after more than 100 days on the market.
The conclusion is that they can afford to wait out the down turn and don’t need to sell. Well, I don’t need to buy either, not at their prices. Not in this market.
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