Just how distressed are CV and 4S?

[New_Renter]

CV Active/Pending ratio increased from:
2.84–>4.02 just since your last posting
Plus the # of REO/Shorts increased

That is one of the worst deriorations in the CV numbers I’ve seen yet. Inventory has gone up dramatically (seems more than just the normal seasonal increase). Also starting to see some big losses in CV, such as:

http://www.sdlookup.com/Property-0A6427E8-3688_Torrey_View_Ct_San_Diego_CA_92130

17% loss ($177K plus selling costs)!

Seems they are starting to head for the exits in CV….could this be an inflection point?

[SD Realtor]

Yep the ratio did go up bigtime. I think that many in CV are just insane with some of those asking prices. I see the biggest drops coming from homes priced over 800k of which there are alot of them. It will happen with some of the big here and there drops over this year. I still think it will take awhile until all resellers figure it out.

It’s a slow train.

SD Realtor

[SD Realtor]

Yep the ratio did go up bigtime. I think that many in CV are just insane with some of those asking prices. I see the biggest drops coming from homes priced over 800k of which there are alot of them. It will happen with some of the big here and there drops over this year. I still think it will take awhile until all resellers figure it out.

It’s a slow train.

SD Realtor

[SD Realtor]

Yep the ratio did go up bigtime. I think that many in CV are just insane with some of those asking prices. I see the biggest drops coming from homes priced over 800k of which there are alot of them. It will happen with some of the big here and there drops over this year. I still think it will take awhile until all resellers figure it out.

It’s a slow train.

SD Realtor

[SD Realtor]

Yep the ratio did go up bigtime. I think that many in CV are just insane with some of those asking prices. I see the biggest drops coming from homes priced over 800k of which there are alot of them. It will happen with some of the big here and there drops over this year. I still think it will take awhile until all resellers figure it out.

It’s a slow train.

SD Realtor

[SD Realtor]

Yep the ratio did go up bigtime. I think that many in CV are just insane with some of those asking prices. I see the biggest drops coming from homes priced over 800k of which there are alot of them. It will happen with some of the big here and there drops over this year. I still think it will take awhile until all resellers figure it out.

It’s a slow train.

SD Realtor

[SD Realtor]

Okay update time.

4/17/08
3/26/08

4S Ranch

-39 actives (12 shorts, 2 REO) Most of the SS have offers according to the comments.
-20 pendings (7 shorts, 2 REO)
-1 solds since 3/26/08.

****************

3/26/08

92130

176 actives (10 short, 2REO)
51 pendings (2 short 2 REO)
17 solds since 3/26. (1 short, 2 REO)

SD Realtor

[SD Realtor]

Okay update time.

4/17/08
3/26/08

4S Ranch

-39 actives (12 shorts, 2 REO) Most of the SS have offers according to the comments.
-20 pendings (7 shorts, 2 REO)
-1 solds since 3/26/08.

****************

3/26/08

92130

176 actives (10 short, 2REO)
51 pendings (2 short 2 REO)
17 solds since 3/26. (1 short, 2 REO)

SD Realtor

[SD Realtor]

Okay update time.

4/17/08
3/26/08

4S Ranch

-39 actives (12 shorts, 2 REO) Most of the SS have offers according to the comments.
-20 pendings (7 shorts, 2 REO)
-1 solds since 3/26/08.

****************

3/26/08

92130

176 actives (10 short, 2REO)
51 pendings (2 short 2 REO)
17 solds since 3/26. (1 short, 2 REO)

SD Realtor

[SD Realtor]

Okay update time.

4/17/08
3/26/08

4S Ranch

-39 actives (12 shorts, 2 REO) Most of the SS have offers according to the comments.
-20 pendings (7 shorts, 2 REO)
-1 solds since 3/26/08.

****************

3/26/08

92130

176 actives (10 short, 2REO)
51 pendings (2 short 2 REO)
17 solds since 3/26. (1 short, 2 REO)

SD Realtor

[SD Realtor]

Okay update time.

4/17/08
3/26/08

4S Ranch

-39 actives (12 shorts, 2 REO) Most of the SS have offers according to the comments.
-20 pendings (7 shorts, 2 REO)
-1 solds since 3/26/08.

****************

3/26/08

92130

176 actives (10 short, 2REO)
51 pendings (2 short 2 REO)
17 solds since 3/26. (1 short, 2 REO)

SD Realtor

[DWCAP]

This whole tread is kind meaningless to me as I have no intention to buy in either place. I am not newly wed nor nearly dead.(j/K)
I just wanted to ask, isnt 1 sale in 21 days terribly low? I dont know. This doesnt seem to be a high traffic area, but 1 sale? This is the spring bounce, when everything is suppose to be bottoming, and we have 1 sale in 21 days? This seems to be 1/3 the rate in March when all of 3 houses sold in 3 weeks. Really? Am i missing something? Wow, talk about meaningless numbers! Is that is true? What kinda median or averages do you get from 4 sales in 3 months? Look, Look, We doubled sales this month, 2 houses sold this month, it has to be the bottom, sales are up 100%!!!!

[DWCAP]

This whole tread is kind meaningless to me as I have no intention to buy in either place. I am not newly wed nor nearly dead.(j/K)
I just wanted to ask, isnt 1 sale in 21 days terribly low? I dont know. This doesnt seem to be a high traffic area, but 1 sale? This is the spring bounce, when everything is suppose to be bottoming, and we have 1 sale in 21 days? This seems to be 1/3 the rate in March when all of 3 houses sold in 3 weeks. Really? Am i missing something? Wow, talk about meaningless numbers! Is that is true? What kinda median or averages do you get from 4 sales in 3 months? Look, Look, We doubled sales this month, 2 houses sold this month, it has to be the bottom, sales are up 100%!!!!

[DWCAP]

This whole tread is kind meaningless to me as I have no intention to buy in either place. I am not newly wed nor nearly dead.(j/K)
I just wanted to ask, isnt 1 sale in 21 days terribly low? I dont know. This doesnt seem to be a high traffic area, but 1 sale? This is the spring bounce, when everything is suppose to be bottoming, and we have 1 sale in 21 days? This seems to be 1/3 the rate in March when all of 3 houses sold in 3 weeks. Really? Am i missing something? Wow, talk about meaningless numbers! Is that is true? What kinda median or averages do you get from 4 sales in 3 months? Look, Look, We doubled sales this month, 2 houses sold this month, it has to be the bottom, sales are up 100%!!!!

[DWCAP]

This whole tread is kind meaningless to me as I have no intention to buy in either place. I am not newly wed nor nearly dead.(j/K)
I just wanted to ask, isnt 1 sale in 21 days terribly low? I dont know. This doesnt seem to be a high traffic area, but 1 sale? This is the spring bounce, when everything is suppose to be bottoming, and we have 1 sale in 21 days? This seems to be 1/3 the rate in March when all of 3 houses sold in 3 weeks. Really? Am i missing something? Wow, talk about meaningless numbers! Is that is true? What kinda median or averages do you get from 4 sales in 3 months? Look, Look, We doubled sales this month, 2 houses sold this month, it has to be the bottom, sales are up 100%!!!!

[Author]

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