Just how distressed are CV and 4S?

[SD Realtor]

4S

1/6/08

32 actives (10 shorts, 2 REO)
17 pendings (4 shorts, 1 REO)

– 2 new actives listed since 12/27
– 1 of the new actives is a reo
– 4 new pendings that went pending after 12/27
– 2 previous actives went cancelled since 12/27
– 4 previous actives expired since 12/27

No Solds since 12/27
****************

1/6/08

92130

109 actives (1 short, 2 REO)
31 pendings (1 sHORT 4 REO

10 new actives since 12/27
1 of the new actives is an REO. (Caminito Stella which as of today has 14 offers on it)
7 new pendings since 12/27
9 expireds since 12/27
4 cancelled since 12/27
4 withdrawns since 12/27
1 withdrawn was a short sale.

Note that one of the REO I found on the actives in 92130 did NOT have any string in the comments. I just happened to remember seeing it as a distress sale so when I looked in the tax roll it was indeed REO. I don’t think many listings are like that but it was curious.

SD Realtor

[Coronita]

Just making sure it's not a typo. You said Caminito Stella has 14 offers???

 

Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k). 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Just making sure it's not a typo. You said Caminito Stella has 14 offers???

 

Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k). 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Just making sure it's not a typo. You said Caminito Stella has 14 offers???

 

Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k). 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Just making sure it's not a typo. You said Caminito Stella has 14 offers???

 

Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k). 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Just making sure it's not a typo. You said Caminito Stella has 14 offers???

 

Ok, so if that's an indication…We're still pretty far from any downward spiral in CV. (Sorry to any of those hoping for something REO priced at $1.5million to be purchasable for $750k). 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[SD Realtor]

Yeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.

The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.

SD Realtor

[SD Realtor]

Yeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.

The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.

SD Realtor

[SD Realtor]

Yeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.

The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.

SD Realtor

[SD Realtor]

Yeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.

The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.

SD Realtor

[SD Realtor]

Yeah it is a drag. Still that is alot less then what it went for originally. Hey when it is all said and done we will see depreciation for this home compared to the previous purpose.

The Mesa Norte derby will start soon as well. That home should get BPO’d and appraised any day now and the second it hits the MLS it will be another frenzy if they price it in the 1.7-1.9 range like I think they will.

SD Realtor

[Fearful]

Gee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.

Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.

[Fearful]

Gee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.

Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.

[Fearful]

Gee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.

Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.

[Fearful]

Gee, I don’t think it’s a drag at all. $1.5M, that is a whopping 25% haircut, no? In fact, I think it is fantastic that people are auctioning houses. These are sellers that are facing reality. I sold my house in San Jose in the same manner, pricing it about 5% below expected selling price and taking what I could get. Sales like these are what move the market, not stagnant, unrealistic listings.

Still, I know I am outside the mainstream in my pessimism, but I believe further price declines will hit these guys like mule kicks to the gut.

[Author]

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