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  • May 21, 2009 at 9:00 AM #404387
    sdrealtor
    Participant

    That was a good write up by Big House. One additional comment that he missed interpreting. Part of the reason the sales under $500K make up a bigger portion of sales is that prices are down (i.e. 600K homes now sell for 450K). Homes are cheaper so more of the ones that sell (there is always a skew toward lower prices) are under 500K now.

    May 21, 2009 at 9:33 AM #403699
    WayneBruce
    Participant

    I don’t know about overall sales numbers…I just know that a bunch of listings in SDLookup for Escondido South and Escondido West just suddenly went Contingent, or Sales Pending. Like, within the last week. Most around the 600k range, it seems.

    something is going on…

    May 21, 2009 at 9:33 AM #403951
    WayneBruce
    Participant

    I don’t know about overall sales numbers…I just know that a bunch of listings in SDLookup for Escondido South and Escondido West just suddenly went Contingent, or Sales Pending. Like, within the last week. Most around the 600k range, it seems.

    something is going on…

    May 21, 2009 at 9:33 AM #404190
    WayneBruce
    Participant

    I don’t know about overall sales numbers…I just know that a bunch of listings in SDLookup for Escondido South and Escondido West just suddenly went Contingent, or Sales Pending. Like, within the last week. Most around the 600k range, it seems.

    something is going on…

    May 21, 2009 at 9:33 AM #404250
    WayneBruce
    Participant

    I don’t know about overall sales numbers…I just know that a bunch of listings in SDLookup for Escondido South and Escondido West just suddenly went Contingent, or Sales Pending. Like, within the last week. Most around the 600k range, it seems.

    something is going on…

    May 21, 2009 at 9:33 AM #404402
    WayneBruce
    Participant

    I don’t know about overall sales numbers…I just know that a bunch of listings in SDLookup for Escondido South and Escondido West just suddenly went Contingent, or Sales Pending. Like, within the last week. Most around the 600k range, it seems.

    something is going on…

    May 21, 2009 at 10:29 AM #403709
    NotCranky
    Participant

    I just checked Wayne,
    For Detached/attached/twin home/Town home/

    From 600-800 there are 93 properties in the new “Contingent” category. I used the 200k price spread with 150k to 350k and got 1453 “contingent”

    Other Data:
    All areas Detached SFR “SOLDS”

    600-800k Year to date 694
    Same parameters and time period last year. 936 closed sales.

    May 21, 2009 at 10:29 AM #403961
    NotCranky
    Participant

    I just checked Wayne,
    For Detached/attached/twin home/Town home/

    From 600-800 there are 93 properties in the new “Contingent” category. I used the 200k price spread with 150k to 350k and got 1453 “contingent”

    Other Data:
    All areas Detached SFR “SOLDS”

    600-800k Year to date 694
    Same parameters and time period last year. 936 closed sales.

    May 21, 2009 at 10:29 AM #404200
    NotCranky
    Participant

    I just checked Wayne,
    For Detached/attached/twin home/Town home/

    From 600-800 there are 93 properties in the new “Contingent” category. I used the 200k price spread with 150k to 350k and got 1453 “contingent”

    Other Data:
    All areas Detached SFR “SOLDS”

    600-800k Year to date 694
    Same parameters and time period last year. 936 closed sales.

    May 21, 2009 at 10:29 AM #404260
    NotCranky
    Participant

    I just checked Wayne,
    For Detached/attached/twin home/Town home/

    From 600-800 there are 93 properties in the new “Contingent” category. I used the 200k price spread with 150k to 350k and got 1453 “contingent”

    Other Data:
    All areas Detached SFR “SOLDS”

    600-800k Year to date 694
    Same parameters and time period last year. 936 closed sales.

    May 21, 2009 at 10:29 AM #404412
    NotCranky
    Participant

    I just checked Wayne,
    For Detached/attached/twin home/Town home/

    From 600-800 there are 93 properties in the new “Contingent” category. I used the 200k price spread with 150k to 350k and got 1453 “contingent”

    Other Data:
    All areas Detached SFR “SOLDS”

    600-800k Year to date 694
    Same parameters and time period last year. 936 closed sales.

    May 21, 2009 at 10:42 AM #403783
    Portlock
    Participant

    “The real story of the market is inventory and where did it disappear to.” If the true inventory numbers aren’t listed, if inventory is being manipulated, prices will not fall.

    With the American taxpayer footing the bill for holding costs, the banks can hold the property back as long as they like.

    May 21, 2009 at 10:42 AM #404036
    Portlock
    Participant

    “The real story of the market is inventory and where did it disappear to.” If the true inventory numbers aren’t listed, if inventory is being manipulated, prices will not fall.

    With the American taxpayer footing the bill for holding costs, the banks can hold the property back as long as they like.

    May 21, 2009 at 10:42 AM #404273
    Portlock
    Participant

    “The real story of the market is inventory and where did it disappear to.” If the true inventory numbers aren’t listed, if inventory is being manipulated, prices will not fall.

    With the American taxpayer footing the bill for holding costs, the banks can hold the property back as long as they like.

    May 21, 2009 at 10:42 AM #404336
    Portlock
    Participant

    “The real story of the market is inventory and where did it disappear to.” If the true inventory numbers aren’t listed, if inventory is being manipulated, prices will not fall.

    With the American taxpayer footing the bill for holding costs, the banks can hold the property back as long as they like.

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