[quote=sdrealtor]Easy for you to say from JOhnALt land where ever that is. In my community of about 1000 homes there are 9 on the market, none over 60 days market time. There are 5 in escrow only one short sale with long market time and rest under 2 months. There have been 10 closed sales in the last 60 days all with market times below 60 days. Only one closed sale was a short sale. Prices are flat on high end homes in the community and up 5 to 10% in the lower end of the community.
I dont know about you but that looks like a community that is holding up pretty well. Most of what I see around me looks the same also. The higher end above $1M is struggling but under that it seems pretty stable.[/quote]
Dude, atleast address the comment he actually made. I dont really wanna get into it with you, cause you know your sXIt, but you added a whole bunch of extra contingencies that John never did.
What he said:
“Then why have inventories in Encinitas gone up about 40% since December? Even more so in South and West Carlsbad.”
From SDlookup (best source I have):
South Carlsbad:
1/1/10-219
6/17/10-357
% Change: 63%
West Carlsbad:
1/1/10-81
6/17/10-173
% Change:113%
Encinitas:
1/1/10-211
6/17/10-304
% Change:44%
Sure seems like his comments are correct to me. Now, not all of them are 4/3’s in nice areas that the upper crust you seem to most affiliate with want, but then again not everyone buying in NCC fits that criteria either. General inventory in those areas seems to be up by a large amount this calander year, is 50% plus inventory spikes normal?
Your comments address sales, while his adressed inventory. I dont see anything wrong with using either, but youll just keep talking past each other on this route.
