Oh BABY! Housing tracker

[lostkitty]

Check out the change in just 9 months… my oh my… and my sister told me I was nuts to believe that real estate could possibly slow down during the springtime.

http://www.benengebreth.org/housingtracker/location/California/SanDiego/

[lostkitty]

My jaw is on the desk… Could that be a tyypo???

San Diego inventory vs 9 months ago up 507.5%!!!!!!!

The closest cities in inventory increase for the same period are:

1 Norfolk VA up 215%
2 Phoenix up 207%
3 Tuscon up 127%
4 Jacksonville up 122%
5 Riverside up 117%
6 Wash DC up 108%

Any coincidence that four of the 7 cities (including San Diego) are heavily NAVY/military?

[Anonymous]

It must be a typo. I’d beleive 50% but not 500%. Interesting but not entirely meaningful. The problem with compiling stats on asking prices is that at least 1/3rd of the listings have Value Range Prices. Which end of the range are they using and what does it mean? You really need to look at closed prices which are complex in their own right.

[PD]

Something went wrong. 500% is way off.

[Anonymous]

bad data point:

09/01/2005 2,281

In fact, if you look at posts here exactly 3 mos ago, there was discussion of the 6 mo figure.

The true 9 month figure is probably 38-39%

[lostkitty]

Yes – duh.. I was in a hurry and so excited.. Sorry! If you look at their inventory #’s for San Diego on 9/1/05, it is way down around 2,000. That is certainly what the calculation was based on – that one very low inventory reading. You’d think they would have fixed that by now.

How about the 200%’s for Norfolk and Phoenix… ??? I’ll have to go look at that data too before I go spewing it to friends at dinner parties. Oh no fun… data data data…

[lostkitty]

sdrealtor – If they use the low end of the “value range” doesnt it seem more accurate than using the high end? You would know better than myself – are people actually making offers within the boundaries of those “ranges”? That would surprise me.

[sdrealtor]

It’s all over the board. Two years people were offering over the range. Now it really depends upon what the comps say, how the range was set and how agressive the buyer is. Personally I dont know why anyone would offer over the low end of the range in this market when the seller is effectively saying its OK to offer me the low end. It’s a real mess and minimizes the usefulness of any stats based upon asking prices.

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