May sales as reported in the MLS

[sdrealtor]

gverdi,
Not sure where you got your numbers but here are some from the MLS for dettached homes.

jan 07 – 28
feb 07 – 30
mar 07 – 55
apr 07 – 48
may 07 – 41 (should be a couple late reporters added)

apr 04 – 69
may 04 – 42

apr 05 – 43
may 05 – 58

apr 06 – 44
may 06 – 43

Also, inventory is significantly lower this year than last year which means buyers have fewers choices. Whether more inventory would produce more buyers or confuse buyers is unknown.

Have at it but I dont see the devastation you did.

[sdrealtor]

gverdi,
Not sure where you got your numbers but here are some from the MLS for dettached homes.

jan 07 – 28
feb 07 – 30
mar 07 – 55
apr 07 – 48
may 07 – 41 (should be a couple late reporters added)

apr 04 – 69
may 04 – 42

apr 05 – 43
may 05 – 58

apr 06 – 44
may 06 – 43

Also, inventory is significantly lower this year than last year which means buyers have fewers choices. Whether more inventory would produce more buyers or confuse buyers is unknown.

Have at it but I dont see the devastation you did.

[SD Realtor]

I went on to the MLS and got the same numbers as sdr did. I did a search on detached homes and set the close of escrow dates per each time period.

SD Realtor

[SD Realtor]

I went on to the MLS and got the same numbers as sdr did. I did a search on detached homes and set the close of escrow dates per each time period.

SD Realtor

[gverdi]

sdr,

The numbers I posted are real and includes SFA/Condos.

I did not see any devastation but I merely computed the TOTAL 92130 closed sales for these months/years.

[gverdi]

sdr,

The numbers I posted are real and includes SFA/Condos.

I did not see any devastation but I merely computed the TOTAL 92130 closed sales for these months/years.

[sdrealtor]

Your numbers are not consistent with the MLS when inlcuding condos either.

[sdrealtor]

Your numbers are not consistent with the MLS when inlcuding condos either.

[SD Realtor]

gverdi did you put your dates in the close of escrow or off the market columns when you did your search?

SD Realtor

[SD Realtor]

gverdi did you put your dates in the close of escrow or off the market columns when you did your search?

SD Realtor

[Bugs]

Update:

As of today, the MLS reports 2,204 sales of 05/2007.

I was thinking this month’s tally would exceed 2,400 sales by the time the late reporters were caught up but now it looks like we might do well to break 2,300.

FYI, if we make 2,350 sales, the totals for May 2007 will only be 20% less than those for May 2006.

I’m going to wait a week or so and run some analyses on these countywide numbers by breaking the total number of sales for the same 5-month YTD periods for 2006 and 2007 into different size ranges and different age ranges so we can see how different, if at all, the composition of the two datasets are. That should be interesting.

[Bugs]

Update:

As of today, the MLS reports 2,204 sales of 05/2007.

I was thinking this month’s tally would exceed 2,400 sales by the time the late reporters were caught up but now it looks like we might do well to break 2,300.

FYI, if we make 2,350 sales, the totals for May 2007 will only be 20% less than those for May 2006.

I’m going to wait a week or so and run some analyses on these countywide numbers by breaking the total number of sales for the same 5-month YTD periods for 2006 and 2007 into different size ranges and different age ranges so we can see how different, if at all, the composition of the two datasets are. That should be interesting.

[PD]

This was posted by Average Joe on Calculated Risk:

I have a system on Zillow for checking “recently solds” I have outlined here before. In a certain area of Chula Vista (San Diego) I have been watching the growing blight and forclosures. There used to be 20-30 houses in these large newbuilt area that would come onto Zillow as recently solds every two weeks. This time only a dozen popped up. I drove by each one.

10 of the 12 were empty and obvious forclosures: the sale registered by zillow must be when the bank took possession since they still had lock boxes on the doors and the yard was dead.

Two were sold to residents living there for below Zillow price (but coincidentally they each had a forclosure right next door. One was bought in 05 for $949,000 and Zillow showed the newest sold price at $850,000. The house was very nice with a pool etc. That’s quite a haircut.

There are 2000 houses for sale in Chula Vista with about 100 a month selling now. That’s 20 months supply.

The builders appear to have accepted bankruptcy as their fate, as they had slowed down to try to meet a non-existent demand…but that didn’t work so now they are building away and the “available” signs throught the new neighborhoods soon will outnumber the occuppied houses.

[PD]

This was posted by Average Joe on Calculated Risk:

I have a system on Zillow for checking “recently solds” I have outlined here before. In a certain area of Chula Vista (San Diego) I have been watching the growing blight and forclosures. There used to be 20-30 houses in these large newbuilt area that would come onto Zillow as recently solds every two weeks. This time only a dozen popped up. I drove by each one.

10 of the 12 were empty and obvious forclosures: the sale registered by zillow must be when the bank took possession since they still had lock boxes on the doors and the yard was dead.

Two were sold to residents living there for below Zillow price (but coincidentally they each had a forclosure right next door. One was bought in 05 for $949,000 and Zillow showed the newest sold price at $850,000. The house was very nice with a pool etc. That’s quite a haircut.

There are 2000 houses for sale in Chula Vista with about 100 a month selling now. That’s 20 months supply.

The builders appear to have accepted bankruptcy as their fate, as they had slowed down to try to meet a non-existent demand…but that didn’t work so now they are building away and the “available” signs throught the new neighborhoods soon will outnumber the occuppied houses.

[Author]

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