39 out of 88 active listings in Carmel Valley for attached are being sold underwater.

[Coronita]

did you run the stats for listings that are less then 6 percent
above the purchase price?

because without assessing transaction fees, you can't
see who is losing on the transaction

No, the 39 instances are clearly below previous purchase price.

There are quite a but more that are selling less than 6percent above purchase price, but I didn't include those, which would make the percentage of actives underwater closer to 50%. You can do that as an exercise though 🙂

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Alex_angel]

THose all look like condos. No surprise that condos are hitting the skids.

[Alex_angel]

THose all look like condos. No surprise that condos are hitting the skids.

[Alex_angel]

THose all look like condos. No surprise that condos are hitting the skids.

[Alex_angel]

THose all look like condos. No surprise that condos are hitting the skids.

[Alex_angel]

THose all look like condos. No surprise that condos are hitting the skids.

[ibjames]

uh.. Alex? Hence the term “attached”

[ibjames]

uh.. Alex? Hence the term “attached”

[ibjames]

uh.. Alex? Hence the term “attached”

[ibjames]

uh.. Alex? Hence the term “attached”

[ibjames]

uh.. Alex? Hence the term “attached”

[DWCAP]

“So I pondered through 88 MLS listings in carmel valley that are currently active for attached homes (not single family homes).” FLU, second line of the OP.

Alex, what part about “not single family homes” didnt make sense?

Incase you are wondering why that is important, a coworker sold their condo in CV late last year and purchased one of those new SFR’s near the 56. If people cant sell their condo’s, they cant buy houses. Very few people jump right into the 750k+ SFR market in CV.

[DWCAP]

“So I pondered through 88 MLS listings in carmel valley that are currently active for attached homes (not single family homes).” FLU, second line of the OP.

Alex, what part about “not single family homes” didnt make sense?

Incase you are wondering why that is important, a coworker sold their condo in CV late last year and purchased one of those new SFR’s near the 56. If people cant sell their condo’s, they cant buy houses. Very few people jump right into the 750k+ SFR market in CV.

[DWCAP]

“So I pondered through 88 MLS listings in carmel valley that are currently active for attached homes (not single family homes).” FLU, second line of the OP.

Alex, what part about “not single family homes” didnt make sense?

Incase you are wondering why that is important, a coworker sold their condo in CV late last year and purchased one of those new SFR’s near the 56. If people cant sell their condo’s, they cant buy houses. Very few people jump right into the 750k+ SFR market in CV.

[DWCAP]

“So I pondered through 88 MLS listings in carmel valley that are currently active for attached homes (not single family homes).” FLU, second line of the OP.

Alex, what part about “not single family homes” didnt make sense?

Incase you are wondering why that is important, a coworker sold their condo in CV late last year and purchased one of those new SFR’s near the 56. If people cant sell their condo’s, they cant buy houses. Very few people jump right into the 750k+ SFR market in CV.

[Author]

Posts