If I’m not mistaken, Jim the Realtor only tracks a limted number of zip codes in Carlsbad, Oceanside and Vista. Hence his numbers do not apply to the wider area of north County.

I also agree with sdduuude that his writing makes it difficult to decipher what he’s trying to say. At a glance, he appears to be saying the median sales price is greater than the median listing price. This should make buyers more enthusiastic?

See if you can get some clarification from him. Otherwise, it doesn’t appear to be a relevant data point.

Don’t read too much into early April stats. Anyone making decent money has spent the last two weeks shuffling receipts and meeting with their CPA. I have a bunch of listings that were each averaging 5 to 7 showings a week. When I left town, I told my higher priced listings to expect a very quiet week. Last week the low priced listings were shown slightly less than average. Of the two higher priced listings, one was shown once and the other had no showings. Both were shown twice today. Tax season is now behind us. The next 4 to 6 weeks will be very very telling as to the health of the market.

Oh I see….it was TAX SEASON holding back the “spring hope mania” rush to buy homes. Thank God. I was getting worried because I thought it was supposed to have materialized after the SUPER BOWL was over.

We are now a full month into Spring and I don’t see anything that makes me believe that the next two months are going to be any better for sellers.

Blah, blah, blah! Never said any of the things you are trying to ridicule only that the first two weeks of April are traditionally very slow and that the data is not necessarily representative of what’s going on. If you don’t appreciate straight forward and truthful information about what is actually going on in the trenches your missing out on a vital pice of information. Everything I belive tells me this thing is going down but the market continues to be amazing resilient. In the primary area I track, the number of sales of detached homes through 4/18 are essentially equal to last year. Sure there is a lot more inventory but people are still buying and selling homes every day.

Keep the updates flowing sdrealtor – it’s fascinating stuff.

To be honest I’m not *that* suprised at the market’s resiliance this early in the cycle.

Right now a lot of people still don’t believe in the bubble and are buying houses – buyers are standing firm on their prices and waiting on the “spring market” to sell their houses.

Which is fine – but it’s not going to clear that inventory before winter that’s for sure – and as the median YOY price trickles down towards 0 or negative it’s going to make more and more buyers hold off.

I suspect panic will start towards the winter slowdown when all that inventory sitting there realize that the market is down YOY and they “have” to get out before winter or more then likely they’ll be waiting for next spring – when prices are constantly falling.

How about this one, which is even bigger:
1xxx3 Manassas St, San Diego, CA 92127
Bedrooms: 3
Baths: 3
Sq ft: 2,043
current asking: $599,900 – $629,000
listing date: 04/12/05

That make sense. However, if you take a look at these house on this street, you’ll noticed they’re probably the exactly same sq-ft lot +/- couple of sq-ft. Also, since all 3 have an odd # for the address, all three have the same view. So, both of those factors shouldn’t affect the price in this case. You can use Zillow to see what I’m talking about. I just checked all the house on the street, and basically, the house i posted about and the house that was sold last year is right next to each other.