Sales Voumes for 2007 vs. 1996: Missed it by THIS much – 2.2%

[Bugs]

As of this morning (12/31/2007), Sandicor reports a total of 23,129 sales of attached+detached homes for 2007. This won’t be the final number due to the laggard agents who have been so busy they haven’t had time to update their listings to reflect closed sales, but the total won’t add but maybe another 100 sales onto the total.

A 23,300 total for 2007 makes this the worst year for sales volume since 1996 (at 22,796), and we only missed that total by about 500 sales. Earlier in the year I had projected we’d fall somewhere between 1996 and 1997 (27,155), which itself was only slightly lower than for 2006 (29,205). I didn’t think it likely that we would get so close to the 1996 number but the mortgage market problems hastened our pace of decline.

Meanwhile, we start 2008 off with 18,151 active listings; which includes an increasing number of distressed “must-sell” sellers.

Short of Vulcans coming to earth and teaching us the secrets to fusion energy and world peace, I forsee a 2008 that go on to live in infamy over at the San Diego Real Estate Investment Club.

[patb]

it’s worse as san diego is much more populated compared to
1996

[patb]

it’s worse as san diego is much more populated compared to
1996

[patb]

it’s worse as san diego is much more populated compared to
1996

[patb]

it’s worse as san diego is much more populated compared to
1996

[patb]

it’s worse as san diego is much more populated compared to
1996

[sdrealtor]

With all due respect you are being, errrr, a bit premature in patting yourself on the back. There will be quite a few late reporters as well as numerous sales that have closed weeks ago but still appear as pending. The MLS also excludes listings that dont contain sq footage when you perform the statistics function.

Dont know what the final tally will be, but red it is very likely the number will exceed 25,000.

[sdrealtor]

With all due respect you are being, errrr, a bit premature in patting yourself on the back. There will be quite a few late reporters as well as numerous sales that have closed weeks ago but still appear as pending. The MLS also excludes listings that dont contain sq footage when you perform the statistics function.

Dont know what the final tally will be, but red it is very likely the number will exceed 25,000.

[sdrealtor]

With all due respect you are being, errrr, a bit premature in patting yourself on the back. There will be quite a few late reporters as well as numerous sales that have closed weeks ago but still appear as pending. The MLS also excludes listings that dont contain sq footage when you perform the statistics function.

Dont know what the final tally will be, but red it is very likely the number will exceed 25,000.

[sdrealtor]

With all due respect you are being, errrr, a bit premature in patting yourself on the back. There will be quite a few late reporters as well as numerous sales that have closed weeks ago but still appear as pending. The MLS also excludes listings that dont contain sq footage when you perform the statistics function.

Dont know what the final tally will be, but red it is very likely the number will exceed 25,000.

[sdrealtor]

With all due respect you are being, errrr, a bit premature in patting yourself on the back. There will be quite a few late reporters as well as numerous sales that have closed weeks ago but still appear as pending. The MLS also excludes listings that dont contain sq footage when you perform the statistics function.

Dont know what the final tally will be, but red it is very likely the number will exceed 25,000.

[NotCranky]

“I forsee a 2008 that go on to live in infamy over at the San Diego Real Estate Investment Club.”

I don’t see what makes this forum or that as being superior in anyway,with the exception of Rich’s presentations being tops. Sure the emphasis is a little different. There is actually a lot of valuable crossover. That will be more true as prices drop.

Other than that there is just as much stupid, sad, stuff here,in the forums and informative, helpful, stuff, there.

[NotCranky]

“I forsee a 2008 that go on to live in infamy over at the San Diego Real Estate Investment Club.”

I don’t see what makes this forum or that as being superior in anyway,with the exception of Rich’s presentations being tops. Sure the emphasis is a little different. There is actually a lot of valuable crossover. That will be more true as prices drop.

Other than that there is just as much stupid, sad, stuff here,in the forums and informative, helpful, stuff, there.

[NotCranky]

“I forsee a 2008 that go on to live in infamy over at the San Diego Real Estate Investment Club.”

I don’t see what makes this forum or that as being superior in anyway,with the exception of Rich’s presentations being tops. Sure the emphasis is a little different. There is actually a lot of valuable crossover. That will be more true as prices drop.

Other than that there is just as much stupid, sad, stuff here,in the forums and informative, helpful, stuff, there.

[NotCranky]

“I forsee a 2008 that go on to live in infamy over at the San Diego Real Estate Investment Club.”

I don’t see what makes this forum or that as being superior in anyway,with the exception of Rich’s presentations being tops. Sure the emphasis is a little different. There is actually a lot of valuable crossover. That will be more true as prices drop.

Other than that there is just as much stupid, sad, stuff here,in the forums and informative, helpful, stuff, there.

[Author]

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