Foreclosures, Foreclosures, Foreclosures!!!

[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.

[latesummer2008]

Smaller Houses do sell for more per sq ft. I still would be interested in the La Jolla per sq ft #s for June 2007. With prices having dropped, I would think the price per sq ft would be higher. I believe PPSFT gives you a better idea than the median sales or average price which can be highly skewed.

Curious what that La Jolla June 07 PPSFT number is. Anyone have it?

[latesummer2008]

Smaller Houses do sell for more per sq ft. I still would be interested in the La Jolla per sq ft #s for June 2007. With prices having dropped, I would think the price per sq ft would be higher. I believe PPSFT gives you a better idea than the median sales or average price which can be highly skewed.

Curious what that La Jolla June 07 PPSFT number is. Anyone have it?

[latesummer2008]

Smaller Houses do sell for more per sq ft. I still would be interested in the La Jolla per sq ft #s for June 2007. With prices having dropped, I would think the price per sq ft would be higher. I believe PPSFT gives you a better idea than the median sales or average price which can be highly skewed.

Curious what that La Jolla June 07 PPSFT number is. Anyone have it?

[latesummer2008]

Smaller Houses do sell for more per sq ft. I still would be interested in the La Jolla per sq ft #s for June 2007. With prices having dropped, I would think the price per sq ft would be higher. I believe PPSFT gives you a better idea than the median sales or average price which can be highly skewed.

Curious what that La Jolla June 07 PPSFT number is. Anyone have it?

[latesummer2008]

Smaller Houses do sell for more per sq ft. I still would be interested in the La Jolla per sq ft #s for June 2007. With prices having dropped, I would think the price per sq ft would be higher. I believe PPSFT gives you a better idea than the median sales or average price which can be highly skewed.

Curious what that La Jolla June 07 PPSFT number is. Anyone have it?

[latesummer2008]

41% of sales in California last month were foreclosures. They have become the market. I wonder what % of SD sales were foreclosures ?

[latesummer2008]

41% of sales in California last month were foreclosures. They have become the market. I wonder what % of SD sales were foreclosures ?

[latesummer2008]

41% of sales in California last month were foreclosures. They have become the market. I wonder what % of SD sales were foreclosures ?

[latesummer2008]

41% of sales in California last month were foreclosures. They have become the market. I wonder what % of SD sales were foreclosures ?

[latesummer2008]

41% of sales in California last month were foreclosures. They have become the market. I wonder what % of SD sales were foreclosures ?

[latesummer2008]

47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.

But are they really, if prices continue dropping over the next 5 years?

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.

But are they really, if prices continue dropping over the next 5 years?

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.

But are they really, if prices continue dropping over the next 5 years?

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.

But are they really, if prices continue dropping over the next 5 years?

http://www.westsideremeltdown.blogspot.com

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