San Diego year over year inventories down for third month in a row

[SD Realtor]

PadreBrian you seem to have alot of knowledge. First about the loan industry and now about real estate listings.

How about the truth rather then speculation….

Real estate listings are essentially purchased by third party agencies. Realtor.com, Zip Realty, Housevalues…etc, essentially purchase all of the listings they post from each and every association of realtors in any/every county in the great nation of ours. This is how they populate their databases. In fact, any site you go to whether it is a Coldwell Banker, or Prudential or a small discounter, or a Help U Sell, or anyone that advertises MLS listings doesn’t actually put the MLS listing on their site. These databases are actually provided by a third party company called IDX who then sells their services to all the people who want to provide on line access to searches.

The fact is that there are not any more or less listings on realtor.com or mls.com or any other of these third party agencies that advertise MLS listingsincluding IDX. The fact is that the timing to which they update their databses is what accounts for the differences. Similarly these third party providers are not obligated to post ALL of the information/pictures/etc in the actual MLS listing. Additionally the realtor associations will indeed distill out certain portions of the listings such as confidential remarks and coop commissions.

Realtor.com does not play any games as you have accussed them of. Neither does the associations that provide the MLS.

Please show me a listing that matches the example of the text you wrote below,

“The laughable thing about that is that when you use realitor.com and zoom into a known area with houses for sale only half of them are listed on realtor.com.”

I will personally look it up and verify it for you.

Furthermore this was also taken from your post;

“Realtors also play tricks by having the seller remove from market for a few days, then putting it back on. They also just rotate the houses around from listing/non-listing. It’s a lil game to prevent people from low-balling…ie paying what the property is really worth.”

Once again, show me listings that have that. PadreBrian, if you are a realtor and you have a listing, cancel it, put it on the MLS a couple days later, and continue to do this in a chronic manner you will be busted from the MLS.

Please explain to me how this will prevent low balling anyways. Any savy buyer has their agent do a thorough listing check and property background.

You cannot just move a house around like that. You will get busted by the MLS, your broker will also discipline you, and you will essentially lose your MLS priviledge.

Indeed I have had a client cancel on me 2 days after listing it only to call me the next day to put it back on. It happens.

Please, is it to much to ask to at least preface statements like this with an in my opinion statement?

SD Realtor

[SD Realtor]

LA Renter good question. I think that last year was a wake up call for sellers that the peak was already in the rear view mirror. I would not say they were trying to cash out at the top, but they sure were trying to cash out. I think you nailed it, alot of it was soft inventory. Alot of the psyche was okay if I don’t sell now then in 07 it will get better… so it didn’t get better… why didn’t they return to the market? Well either they think it will be better in 08, or they decided to say screw it I am gonna sit on my equity and not sell… I couldn’t put a number on it but I think it was a fair percentage. Given that inventory did not hit last years levels AND we know that the percentage of distress sales this year is way up from last year, then that does back up logic that soft inventory last year made up a fair percentage of active listings.

SD Realtor

[SD Realtor]

LA Renter good question. I think that last year was a wake up call for sellers that the peak was already in the rear view mirror. I would not say they were trying to cash out at the top, but they sure were trying to cash out. I think you nailed it, alot of it was soft inventory. Alot of the psyche was okay if I don’t sell now then in 07 it will get better… so it didn’t get better… why didn’t they return to the market? Well either they think it will be better in 08, or they decided to say screw it I am gonna sit on my equity and not sell… I couldn’t put a number on it but I think it was a fair percentage. Given that inventory did not hit last years levels AND we know that the percentage of distress sales this year is way up from last year, then that does back up logic that soft inventory last year made up a fair percentage of active listings.

SD Realtor

[SD Realtor]

LA Renter good question. I think that last year was a wake up call for sellers that the peak was already in the rear view mirror. I would not say they were trying to cash out at the top, but they sure were trying to cash out. I think you nailed it, alot of it was soft inventory. Alot of the psyche was okay if I don’t sell now then in 07 it will get better… so it didn’t get better… why didn’t they return to the market? Well either they think it will be better in 08, or they decided to say screw it I am gonna sit on my equity and not sell… I couldn’t put a number on it but I think it was a fair percentage. Given that inventory did not hit last years levels AND we know that the percentage of distress sales this year is way up from last year, then that does back up logic that soft inventory last year made up a fair percentage of active listings.

SD Realtor

[lostkitty]

Go to foreclosure.com, count up the number of NOD’s and foreclosures, and then add them to the inventory.

San Diego still down???

I think at some point homes get pulled off the market because their “ownership” is in flux. The banks then auction them off or whatever.

I may be wrong though – this is all quite complicated, and I have had a beer already (it is 7:30pm out here on the east coast).

i sure saw a lot of for sale signs out there, and also many homes that I know are in trouble with no sign at all.

[lostkitty]

Go to foreclosure.com, count up the number of NOD’s and foreclosures, and then add them to the inventory.

San Diego still down???

I think at some point homes get pulled off the market because their “ownership” is in flux. The banks then auction them off or whatever.

I may be wrong though – this is all quite complicated, and I have had a beer already (it is 7:30pm out here on the east coast).

i sure saw a lot of for sale signs out there, and also many homes that I know are in trouble with no sign at all.

[lostkitty]

Go to foreclosure.com, count up the number of NOD’s and foreclosures, and then add them to the inventory.

San Diego still down???

I think at some point homes get pulled off the market because their “ownership” is in flux. The banks then auction them off or whatever.

I may be wrong though – this is all quite complicated, and I have had a beer already (it is 7:30pm out here on the east coast).

i sure saw a lot of for sale signs out there, and also many homes that I know are in trouble with no sign at all.

[NotCranky]

“Soft” listings in 2006 became “must sell” in 2007, Properties with NOD don’t always have that in the listing either. Some of the NOD’s are not even advertising short sale so there is probably more distressed property on the mls than meets the eye. We could do some kind of count comparing to NOD lists but wouldn’t that be next to impossible to do. Anyway for my purposes the situation is clear enough.

[NotCranky]

“Soft” listings in 2006 became “must sell” in 2007, Properties with NOD don’t always have that in the listing either. Some of the NOD’s are not even advertising short sale so there is probably more distressed property on the mls than meets the eye. We could do some kind of count comparing to NOD lists but wouldn’t that be next to impossible to do. Anyway for my purposes the situation is clear enough.

[NotCranky]

“Soft” listings in 2006 became “must sell” in 2007, Properties with NOD don’t always have that in the listing either. Some of the NOD’s are not even advertising short sale so there is probably more distressed property on the mls than meets the eye. We could do some kind of count comparing to NOD lists but wouldn’t that be next to impossible to do. Anyway for my purposes the situation is clear enough.

[NotCranky]

Hi LK:

A couple of our friends are not around. JG hope he is O.K. and Perry, hopefully he is just taking a break.

[NotCranky]

Hi LK:

A couple of our friends are not around. JG hope he is O.K. and Perry, hopefully he is just taking a break.

[NotCranky]

Hi LK:

A couple of our friends are not around. JG hope he is O.K. and Perry, hopefully he is just taking a break.

[bsrsharma]

I have a basic question. Is the information on REO properties easily available, say, sorted by ZIP or price? One would think the REO owner has an interest in widely publishing this info to get the best offer. I have heard they don’t get on MLS. Is there a free database of such properties? Anything like that for NOD/Shortsale etc., distressed properties?

[bsrsharma]

I have a basic question. Is the information on REO properties easily available, say, sorted by ZIP or price? One would think the REO owner has an interest in widely publishing this info to get the best offer. I have heard they don’t get on MLS. Is there a free database of such properties? Anything like that for NOD/Shortsale etc., distressed properties?

[Author]

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