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SD Realtor.
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May 27, 2009 at 8:30 AM #15765May 27, 2009 at 9:06 AM #406195
PadreBrian
ParticipantSee the other threads.
We have a few more months of low inventory.
…and yes this will cause SFH prices to stabilize in the high demand areas.
Condos should still have plenty of stock (see downtown for more info).
This Decembers SFH prices should be more reasonable.
May 27, 2009 at 9:06 AM #406439ParticipantSee the other threads.
We have a few more months of low inventory.
…and yes this will cause SFH prices to stabilize in the high demand areas.
Condos should still have plenty of stock (see downtown for more info).
This Decembers SFH prices should be more reasonable.
May 27, 2009 at 9:06 AM #406683ParticipantSee the other threads.
We have a few more months of low inventory.
…and yes this will cause SFH prices to stabilize in the high demand areas.
Condos should still have plenty of stock (see downtown for more info).
This Decembers SFH prices should be more reasonable.
May 27, 2009 at 9:06 AM #406744ParticipantSee the other threads.
We have a few more months of low inventory.
…and yes this will cause SFH prices to stabilize in the high demand areas.
Condos should still have plenty of stock (see downtown for more info).
This Decembers SFH prices should be more reasonable.
May 27, 2009 at 9:06 AM #406891ParticipantSee the other threads.
We have a few more months of low inventory.
…and yes this will cause SFH prices to stabilize in the high demand areas.
Condos should still have plenty of stock (see downtown for more info).
This Decembers SFH prices should be more reasonable.
May 27, 2009 at 11:58 AM #406261UCGal
ParticipantThe 3 or more bathroom thing may be a factor also – south of 52 is older construction for the most part – and 2 baths were the norm in the 70’s and older stock.
May 27, 2009 at 11:58 AM #406504ParticipantThe 3 or more bathroom thing may be a factor also – south of 52 is older construction for the most part – and 2 baths were the norm in the 70’s and older stock.
May 27, 2009 at 11:58 AM #406747ParticipantThe 3 or more bathroom thing may be a factor also – south of 52 is older construction for the most part – and 2 baths were the norm in the 70’s and older stock.
May 27, 2009 at 11:58 AM #406809ParticipantThe 3 or more bathroom thing may be a factor also – south of 52 is older construction for the most part – and 2 baths were the norm in the 70’s and older stock.
May 27, 2009 at 11:58 AM #406956ParticipantThe 3 or more bathroom thing may be a factor also – south of 52 is older construction for the most part – and 2 baths were the norm in the 70’s and older stock.
May 27, 2009 at 12:48 PM #406301SD Realtor
ParticipantWhat you are seeing is the reality of the market as it stands today. SDAR has implemented an additional classification for homes that are on the MLS called Contingent. This classification shall be designated for homes that have an offer accepted by the seller on a short sale but NOT YET accepted by the lender. These homes used to be classified as Actives but that is not the case anymore. Even with homes that are still Actives, many of them indeed are short sales and they also have offers into the lender. However they have not been accepted by the seller. Thus you can still put an offer in on them. You can also still put in an offer on a home that is in the Contingent status as well. Your offer may simply be a backup. Lots of people back out of short sales.
The bottom line is that nothing has changed, it is just advertised in a more representative manner. Third party sites like Zip and others need to figure out if and how they will display contingent listings now.
May 27, 2009 at 12:48 PM #406544ParticipantWhat you are seeing is the reality of the market as it stands today. SDAR has implemented an additional classification for homes that are on the MLS called Contingent. This classification shall be designated for homes that have an offer accepted by the seller on a short sale but NOT YET accepted by the lender. These homes used to be classified as Actives but that is not the case anymore. Even with homes that are still Actives, many of them indeed are short sales and they also have offers into the lender. However they have not been accepted by the seller. Thus you can still put an offer in on them. You can also still put in an offer on a home that is in the Contingent status as well. Your offer may simply be a backup. Lots of people back out of short sales.
The bottom line is that nothing has changed, it is just advertised in a more representative manner. Third party sites like Zip and others need to figure out if and how they will display contingent listings now.
May 27, 2009 at 12:48 PM #406787ParticipantWhat you are seeing is the reality of the market as it stands today. SDAR has implemented an additional classification for homes that are on the MLS called Contingent. This classification shall be designated for homes that have an offer accepted by the seller on a short sale but NOT YET accepted by the lender. These homes used to be classified as Actives but that is not the case anymore. Even with homes that are still Actives, many of them indeed are short sales and they also have offers into the lender. However they have not been accepted by the seller. Thus you can still put an offer in on them. You can also still put in an offer on a home that is in the Contingent status as well. Your offer may simply be a backup. Lots of people back out of short sales.
The bottom line is that nothing has changed, it is just advertised in a more representative manner. Third party sites like Zip and others need to figure out if and how they will display contingent listings now.
May 27, 2009 at 12:48 PM #406850ParticipantWhat you are seeing is the reality of the market as it stands today. SDAR has implemented an additional classification for homes that are on the MLS called Contingent. This classification shall be designated for homes that have an offer accepted by the seller on a short sale but NOT YET accepted by the lender. These homes used to be classified as Actives but that is not the case anymore. Even with homes that are still Actives, many of them indeed are short sales and they also have offers into the lender. However they have not been accepted by the seller. Thus you can still put an offer in on them. You can also still put in an offer on a home that is in the Contingent status as well. Your offer may simply be a backup. Lots of people back out of short sales.
The bottom line is that nothing has changed, it is just advertised in a more representative manner. Third party sites like Zip and others need to figure out if and how they will display contingent listings now.
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