Foreclosures, Foreclosures, Foreclosures!!!

[latesummer2008]

Yes ! Price Per Square Foot (PPSF) is the best price indicator to measure. If someone has those figures they would be extremely helpful. I have posted some for L.A., but not S.D.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Anyone Know Price Per Square Foot changes in S.D. County from June 07 to June 08? It would be very interesting to see. This would correct for the marketing mix of homes being sold and give us a better idea of % declines in housing Year over Year (YOY). That, along with TOTAL SALES VOLUME (TSV) from June 07 to June 08 would paint a clearer picture of current market TRENDS.

If so, chime in and get this ball rolling….

[latesummer2008]

Anyone Know Price Per Square Foot changes in S.D. County from June 07 to June 08? It would be very interesting to see. This would correct for the marketing mix of homes being sold and give us a better idea of % declines in housing Year over Year (YOY). That, along with TOTAL SALES VOLUME (TSV) from June 07 to June 08 would paint a clearer picture of current market TRENDS.

If so, chime in and get this ball rolling….

[latesummer2008]

Anyone Know Price Per Square Foot changes in S.D. County from June 07 to June 08? It would be very interesting to see. This would correct for the marketing mix of homes being sold and give us a better idea of % declines in housing Year over Year (YOY). That, along with TOTAL SALES VOLUME (TSV) from June 07 to June 08 would paint a clearer picture of current market TRENDS.

If so, chime in and get this ball rolling….

[latesummer2008]

Anyone Know Price Per Square Foot changes in S.D. County from June 07 to June 08? It would be very interesting to see. This would correct for the marketing mix of homes being sold and give us a better idea of % declines in housing Year over Year (YOY). That, along with TOTAL SALES VOLUME (TSV) from June 07 to June 08 would paint a clearer picture of current market TRENDS.

If so, chime in and get this ball rolling….

[latesummer2008]

Anyone Know Price Per Square Foot changes in S.D. County from June 07 to June 08? It would be very interesting to see. This would correct for the marketing mix of homes being sold and give us a better idea of % declines in housing Year over Year (YOY). That, along with TOTAL SALES VOLUME (TSV) from June 07 to June 08 would paint a clearer picture of current market TRENDS.

If so, chime in and get this ball rolling….

[latesummer2008]

La Jolla at $583/sqft for SFRs…… Just saw this in the LA Times this morning. Anyone know what it was last June (2007)?

[latesummer2008]

La Jolla at $583/sqft for SFRs…… Just saw this in the LA Times this morning. Anyone know what it was last June (2007)?

[latesummer2008]

La Jolla at $583/sqft for SFRs…… Just saw this in the LA Times this morning. Anyone know what it was last June (2007)?

[latesummer2008]

La Jolla at $583/sqft for SFRs…… Just saw this in the LA Times this morning. Anyone know what it was last June (2007)?

[latesummer2008]

La Jolla at $583/sqft for SFRs…… Just saw this in the LA Times this morning. Anyone know what it was last June (2007)?

[sdrealtor]

$/sq ft cant be looked at alone. You also need to look at the average sq ft. Larger homes sell for less per sq ft and smaller homes sell for more.

In the current environment with low end (i.e smaller homes) dominating the market the $/sq ft will be higher than it really is understating the decline. When we were booming, the newer/larger homes (i.e. mcMansions) dominated the market understating the increases.

Here’s a hypothetical example:

Last year average $/sq ft in an area is $300 and the average size is 2000 sq ft.

This year average $/sq ft in same area is $300 but the average size is now 1500 sq ft.

Looking at $/sq ft would show no decline while there was a significant decline because you are seeing $300/sq ft for a much smaller home.

Make sure you get all the important facts.

I hope this makes sense to y’all.

[sdrealtor]

$/sq ft cant be looked at alone. You also need to look at the average sq ft. Larger homes sell for less per sq ft and smaller homes sell for more.

In the current environment with low end (i.e smaller homes) dominating the market the $/sq ft will be higher than it really is understating the decline. When we were booming, the newer/larger homes (i.e. mcMansions) dominated the market understating the increases.

Here’s a hypothetical example:

Last year average $/sq ft in an area is $300 and the average size is 2000 sq ft.

This year average $/sq ft in same area is $300 but the average size is now 1500 sq ft.

Looking at $/sq ft would show no decline while there was a significant decline because you are seeing $300/sq ft for a much smaller home.

Make sure you get all the important facts.

I hope this makes sense to y’all.

[sdrealtor]

$/sq ft cant be looked at alone. You also need to look at the average sq ft. Larger homes sell for less per sq ft and smaller homes sell for more.

In the current environment with low end (i.e smaller homes) dominating the market the $/sq ft will be higher than it really is understating the decline. When we were booming, the newer/larger homes (i.e. mcMansions) dominated the market understating the increases.

Here’s a hypothetical example:

Last year average $/sq ft in an area is $300 and the average size is 2000 sq ft.

This year average $/sq ft in same area is $300 but the average size is now 1500 sq ft.

Looking at $/sq ft would show no decline while there was a significant decline because you are seeing $300/sq ft for a much smaller home.

Make sure you get all the important facts.

I hope this makes sense to y’all.

[sdrealtor]

$/sq ft cant be looked at alone. You also need to look at the average sq ft. Larger homes sell for less per sq ft and smaller homes sell for more.

In the current environment with low end (i.e smaller homes) dominating the market the $/sq ft will be higher than it really is understating the decline. When we were booming, the newer/larger homes (i.e. mcMansions) dominated the market understating the increases.

Here’s a hypothetical example:

Last year average $/sq ft in an area is $300 and the average size is 2000 sq ft.

This year average $/sq ft in same area is $300 but the average size is now 1500 sq ft.

Looking at $/sq ft would show no decline while there was a significant decline because you are seeing $300/sq ft for a much smaller home.

Make sure you get all the important facts.

I hope this makes sense to y’all.

[Author]

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