Sandicor MLS Statics are out and it really ain’t pretty

[little lady]

September is down quite a bit more than the previous 18 months, this has got to be bad news…………ouch!

http://sandicor.com/statistics/stats2007/09-2007/September-2007.pdf

[niy38]

it’s really bad, jumping into water now.

lowest since Jan, 2006, from the stats.

[niy38]

it’s really bad, jumping into water now.

lowest since Jan, 2006, from the stats.

[lendingbubblecontinues]

bad news for who???

the realtors???

let them go back to having “imagination Christmas” for a change;)

Rough calculation @ 6%:

$27 MILLION fewer commission dollars to go around than the same month last year!!! That’s gonna leave a mark!!

[lendingbubblecontinues]

bad news for who???

the realtors???

let them go back to having “imagination Christmas” for a change;)

Rough calculation @ 6%:

$27 MILLION fewer commission dollars to go around than the same month last year!!! That’s gonna leave a mark!!

[bsrsharma]

If you see these detailed statistics http://sandicor.com/statistics/stats2007/09-2007/sfd-09-07-stats.pdf

Some things are surprising:

Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these?

Some unusual areas of strength: Chula Vista, Escondido, San Marcos, Claremont Mesa all have sold Jumbo priced properties.

[bsrsharma]

If you see these detailed statistics http://sandicor.com/statistics/stats2007/09-2007/sfd-09-07-stats.pdf

Some things are surprising:

Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these?

Some unusual areas of strength: Chula Vista, Escondido, San Marcos, Claremont Mesa all have sold Jumbo priced properties.

[little lady]

“Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these”

DOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn’t sell he relists it.

I noticed the high MOI as well, and it’s only gonna get worse….waiting with baited breath now…………

[little lady]

“Average DOM seems reasonable; most areas less than 90 days. Is this reliable or fudged on MLS? If DOM is so low, why Months of Inventory is high many times? Anyway to reconcile these”

DOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn’t sell he relists it.

I noticed the high MOI as well, and it’s only gonna get worse….waiting with baited breath now…………

[Duck]

After a quick look, all North County coastal zips (Cardiff to Carlsbad) show YOY price increases even though sales were lower and August/September were the big credit crunch months. While monthly median prices are not the end-all be-all gauge it seems odd that every single one saw increases in this environment.

Oceanside as well as that other coastal city near LaJolla, Santee, showed price declines and heavy sales declines. Seems like there is a big divergence in areas where subprime loans were the prevailing choice of purchases and re-fi’s.

[Duck]

After a quick look, all North County coastal zips (Cardiff to Carlsbad) show YOY price increases even though sales were lower and August/September were the big credit crunch months. While monthly median prices are not the end-all be-all gauge it seems odd that every single one saw increases in this environment.

Oceanside as well as that other coastal city near LaJolla, Santee, showed price declines and heavy sales declines. Seems like there is a big divergence in areas where subprime loans were the prevailing choice of purchases and re-fi’s.

[bsrsharma]

DOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn't sell he relists it.

If so, they are hurting everyone. If I am a seller, I see these small DOM and think the market is healthy and not price it low enough to sell, thus chasing the market down. If the MLS can be made to reflect true DOM, potential sellers will get shivers in their spine on seeing DOMs like 180/ 360/540 and will price it aggressively, shortening the suffering for everyone.

[bsrsharma]

DOM is definitely fabricated. My own agent told me that. He takes a listing for 60 days and if it doesn't sell he relists it.

If so, they are hurting everyone. If I am a seller, I see these small DOM and think the market is healthy and not price it low enough to sell, thus chasing the market down. If the MLS can be made to reflect true DOM, potential sellers will get shivers in their spine on seeing DOMs like 180/ 360/540 and will price it aggressively, shortening the suffering for everyone.

[raptorduck]

With 17 months inventory you would think RSF sellers would drop their prices, but not the ones I am looking at. They are holding firm even after more than 100 days on the market.

The conclusion is that they can afford to wait out the down turn and don’t need to sell. Well, I don’t need to buy either, not at their prices. Not in this market.

[raptorduck]

With 17 months inventory you would think RSF sellers would drop their prices, but not the ones I am looking at. They are holding firm even after more than 100 days on the market.

The conclusion is that they can afford to wait out the down turn and don’t need to sell. Well, I don’t need to buy either, not at their prices. Not in this market.

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