- This topic has 588 replies, 43 voices, and was last updated 16 years, 6 months ago by
Aecetia.
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AuthorPosts
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May 19, 2007 at 1:41 AM #53801May 22, 2007 at 3:17 PM #54385
sdrealtor
Participant5/15 to 5/22
new listings – 26
back on market – 6 (2 fell out of escrow, rest were temp off market)Total growth in inventory – 32
pendings – 13
expired – 1
withdrawn – 0
cancelled – 2Total decrease in inventory – 16
Net change in inventory – plus 16
Probably the biggest surge in inventory I’ve seen in a while there with lots in the 800’s and 900’s added to the mix.
May 22, 2007 at 3:17 PM #54398Participant5/15 to 5/22
new listings – 26
back on market – 6 (2 fell out of escrow, rest were temp off market)Total growth in inventory – 32
pendings – 13
expired – 1
withdrawn – 0
cancelled – 2Total decrease in inventory – 16
Net change in inventory – plus 16
Probably the biggest surge in inventory I’ve seen in a while there with lots in the 800’s and 900’s added to the mix.
May 22, 2007 at 3:35 PM #54389ParticipantOne last thing. I started tracking CV last August on a weekly basis. On 8/14/06 there were 298 SFR on the market in 92130. Today there are 158.
May 22, 2007 at 3:35 PM #54402ParticipantOne last thing. I started tracking CV last August on a weekly basis. On 8/14/06 there were 298 SFR on the market in 92130. Today there are 158.
May 22, 2007 at 10:16 PM #54443Anonymous
GuestLa Jolla is going down in price already:
[img_assist|nid=3493|title=|desc=|link=node|align=left|width=466|height=267]
The median price for a resale home in La Jolla peaked at $2,356K in May ’06. The median price for a resale home in La Jolla in Apr. ’07 was down to $1,547K.
I’m thinking of opening up a soup kitchen at my modest La Jolla rental home; sure seems like the folks in my neighborhood need cheering up.
Things have only started to move south, and already La Jolla is down 34% from peak. It’s going to be a long, tough one, folks.
May 22, 2007 at 10:16 PM #54456GuestLa Jolla is going down in price already:
[img_assist|nid=3493|title=|desc=|link=node|align=left|width=466|height=267]
The median price for a resale home in La Jolla peaked at $2,356K in May ’06. The median price for a resale home in La Jolla in Apr. ’07 was down to $1,547K.
I’m thinking of opening up a soup kitchen at my modest La Jolla rental home; sure seems like the folks in my neighborhood need cheering up.
Things have only started to move south, and already La Jolla is down 34% from peak. It’s going to be a long, tough one, folks.
May 22, 2007 at 10:43 PM #54449GuestBetter graph:
[img_assist|nid=3494|title=|desc=|link=node|align=left|width=466|height=311]
“Don’t cry for me, Argentina.”
May 22, 2007 at 10:43 PM #54462GuestBetter graph:
[img_assist|nid=3494|title=|desc=|link=node|align=left|width=466|height=311]
“Don’t cry for me, Argentina.”
May 23, 2007 at 9:56 AM #54481Artifact
ParticipantI have been making the plots for the short sale monitor – looking at sdrealtor’s data here I am trying to think of an entertaining way to present this data as well –
sdrealtor – in addition to the additions/subtractions, can you post the total listings/actives? I suppose if I have even one weeks numbers of that I can work from there.
May 23, 2007 at 9:56 AM #54494ParticipantI have been making the plots for the short sale monitor – looking at sdrealtor’s data here I am trying to think of an entertaining way to present this data as well –
sdrealtor – in addition to the additions/subtractions, can you post the total listings/actives? I suppose if I have even one weeks numbers of that I can work from there.
May 23, 2007 at 10:31 AM #54487sdappraiser
ParticipantJG,
Wow, awesome analysis.. Do you think it’s possible that the peak in the May 2006 median might have had something to do with the $17,750,000 sale that closed on 6/22/2006, which also happens to be the 4th highest price point sale in la jolla recorded in the MLS. It also happens to be 50% higher than the next highest sale that year which closed in April 2006 for $11,750,000.
It’s called a blip, I think your data needs smoothing. After the countless threads here regarding reporting median prices, have you learned nothing? Median price analysis is even less meaningful in an area like la jolla where price points are all over the place.
Are you using this same level of expert analysis with your stock trades? Ouch.
May 23, 2007 at 10:31 AM #54500ParticipantJG,
Wow, awesome analysis.. Do you think it’s possible that the peak in the May 2006 median might have had something to do with the $17,750,000 sale that closed on 6/22/2006, which also happens to be the 4th highest price point sale in la jolla recorded in the MLS. It also happens to be 50% higher than the next highest sale that year which closed in April 2006 for $11,750,000.
It’s called a blip, I think your data needs smoothing. After the countless threads here regarding reporting median prices, have you learned nothing? Median price analysis is even less meaningful in an area like la jolla where price points are all over the place.
Are you using this same level of expert analysis with your stock trades? Ouch.
May 23, 2007 at 12:35 PM #54517sdcellar
ParticipantSDAppraiser– One of the main things median does “well” is factor out any extreme numbers at the top and bottom of the series, so the 17 million dollar sale should have no little or no effect on the number.
There may be flaws with median prices, but this isn’t one of them.
Ouch.
May 23, 2007 at 12:35 PM #54530ParticipantSDAppraiser– One of the main things median does “well” is factor out any extreme numbers at the top and bottom of the series, so the 17 million dollar sale should have no little or no effect on the number.
There may be flaws with median prices, but this isn’t one of them.
Ouch.
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