- This topic has 45 replies, 3 voices, and was last updated 17 years ago by
SD Realtor.
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August 18, 2007 at 2:42 PM #9931August 18, 2007 at 3:12 PM #77635
NotCranky
ParticipantIt sure looks sticky but it could also be indicative of someting like the big “ship turning” analogy. It undocks slowly takes a while to get up to speed turns back very slowy gets up to speed and docks slowly. We will need several more years to see what happens.
Price variability in no way is proportionate to ammenities. IMO the inventory doesn’t fit the real wealth spreads in our society (there are too many (600-800k and up houses). I think that post correction a relatively small increase in price will net a substaintially improved combination of location and ammenities especially as related to size of house.
August 18, 2007 at 3:12 PM #77783NotCranky
ParticipantIt sure looks sticky but it could also be indicative of someting like the big “ship turning” analogy. It undocks slowly takes a while to get up to speed turns back very slowy gets up to speed and docks slowly. We will need several more years to see what happens.
Price variability in no way is proportionate to ammenities. IMO the inventory doesn’t fit the real wealth spreads in our society (there are too many (600-800k and up houses). I think that post correction a relatively small increase in price will net a substaintially improved combination of location and ammenities especially as related to size of house.
August 18, 2007 at 3:12 PM #77758NotCranky
ParticipantIt sure looks sticky but it could also be indicative of someting like the big “ship turning” analogy. It undocks slowly takes a while to get up to speed turns back very slowy gets up to speed and docks slowly. We will need several more years to see what happens.
Price variability in no way is proportionate to ammenities. IMO the inventory doesn’t fit the real wealth spreads in our society (there are too many (600-800k and up houses). I think that post correction a relatively small increase in price will net a substaintially improved combination of location and ammenities especially as related to size of house.
August 18, 2007 at 3:37 PM #77641SD Realtor
ParticipantThat could very well be. I guess we will see.
What I would commit to is that the 2007 volume will most likely fall in the 400’s somewhere. There were 254 solds in the first 6 months of this year. There were 45 solds in the month of July so that brings it up to 295….I think we will most likely fall in the mid 400s somewhere, not 508 as the not so accurate estimation predicts. I dont think the sales price will move to much…Like I said, I guess we will see.
I want to post a more hard hit area…to see some differences. This should be your assignment but I will do it. You are still overdue to create a monitor for the central part of town… I will take my payment for your contracting services when I buy a beater home… heheheh
August 18, 2007 at 3:37 PM #77764SD Realtor
ParticipantThat could very well be. I guess we will see.
What I would commit to is that the 2007 volume will most likely fall in the 400’s somewhere. There were 254 solds in the first 6 months of this year. There were 45 solds in the month of July so that brings it up to 295….I think we will most likely fall in the mid 400s somewhere, not 508 as the not so accurate estimation predicts. I dont think the sales price will move to much…Like I said, I guess we will see.
I want to post a more hard hit area…to see some differences. This should be your assignment but I will do it. You are still overdue to create a monitor for the central part of town… I will take my payment for your contracting services when I buy a beater home… heheheh
August 18, 2007 at 3:37 PM #77789SD Realtor
ParticipantThat could very well be. I guess we will see.
What I would commit to is that the 2007 volume will most likely fall in the 400’s somewhere. There were 254 solds in the first 6 months of this year. There were 45 solds in the month of July so that brings it up to 295….I think we will most likely fall in the mid 400s somewhere, not 508 as the not so accurate estimation predicts. I dont think the sales price will move to much…Like I said, I guess we will see.
I want to post a more hard hit area…to see some differences. This should be your assignment but I will do it. You are still overdue to create a monitor for the central part of town… I will take my payment for your contracting services when I buy a beater home… heheheh
August 18, 2007 at 3:53 PM #77770SD Realtor
ParticipantHere is 91913…known for its high foreclosure rate!
Solds Beds SF List Price Sale Price DOM
1998 126 3 1,906 $220,462 $216,030 50
1999 145 3 1,896 $234,286 $240,811 44
2000 154 3 1,891 $256,477 $267,447 39
2001 185 3 1,985 $310,538 $305,212 35
2002 373 3 2,105 $373,721 $367,139 34
2003 484 3 2,135 $461,312 $452,168 44
2004 573 3 2,155 $601,669 $592,394 27
2005 552 3 2,223 $682,382 $666,168 54
2006 326 3 2,188 $666,692 $648,720 72
2007 248 3 2,166 $616,286 $601,906 77Again, 2007 was a generous estimate at least from the volume point of view. Through the first six months this year there were 124 total sales. So in what I would call a very very optimistic estimate volume is down more then 50% from 2005 but pricing is off only 10%. Pricing should be gapping down substantially fairly soon…
If you want to live in 91913…
August 18, 2007 at 3:53 PM #77647SD Realtor
ParticipantHere is 91913…known for its high foreclosure rate!
Solds Beds SF List Price Sale Price DOM
1998 126 3 1,906 $220,462 $216,030 50
1999 145 3 1,896 $234,286 $240,811 44
2000 154 3 1,891 $256,477 $267,447 39
2001 185 3 1,985 $310,538 $305,212 35
2002 373 3 2,105 $373,721 $367,139 34
2003 484 3 2,135 $461,312 $452,168 44
2004 573 3 2,155 $601,669 $592,394 27
2005 552 3 2,223 $682,382 $666,168 54
2006 326 3 2,188 $666,692 $648,720 72
2007 248 3 2,166 $616,286 $601,906 77Again, 2007 was a generous estimate at least from the volume point of view. Through the first six months this year there were 124 total sales. So in what I would call a very very optimistic estimate volume is down more then 50% from 2005 but pricing is off only 10%. Pricing should be gapping down substantially fairly soon…
If you want to live in 91913…
August 18, 2007 at 3:53 PM #77795SD Realtor
ParticipantHere is 91913…known for its high foreclosure rate!
Solds Beds SF List Price Sale Price DOM
1998 126 3 1,906 $220,462 $216,030 50
1999 145 3 1,896 $234,286 $240,811 44
2000 154 3 1,891 $256,477 $267,447 39
2001 185 3 1,985 $310,538 $305,212 35
2002 373 3 2,105 $373,721 $367,139 34
2003 484 3 2,135 $461,312 $452,168 44
2004 573 3 2,155 $601,669 $592,394 27
2005 552 3 2,223 $682,382 $666,168 54
2006 326 3 2,188 $666,692 $648,720 72
2007 248 3 2,166 $616,286 $601,906 77Again, 2007 was a generous estimate at least from the volume point of view. Through the first six months this year there were 124 total sales. So in what I would call a very very optimistic estimate volume is down more then 50% from 2005 but pricing is off only 10%. Pricing should be gapping down substantially fairly soon…
If you want to live in 91913…
August 18, 2007 at 4:02 PM #77653NotCranky
Participant“You are still overdue to create a monitor for the central part of town… ” LOL. The way I understand it that was something you volunteered me for. My assignment as I see it, is much different :). Actually,no offense to anyone, I can’t believe that I am still here regularly.
August 18, 2007 at 4:02 PM #77776NotCranky
Participant“You are still overdue to create a monitor for the central part of town… ” LOL. The way I understand it that was something you volunteered me for. My assignment as I see it, is much different :). Actually,no offense to anyone, I can’t believe that I am still here regularly.
August 18, 2007 at 4:02 PM #77801NotCranky
Participant“You are still overdue to create a monitor for the central part of town… ” LOL. The way I understand it that was something you volunteered me for. My assignment as I see it, is much different :). Actually,no offense to anyone, I can’t believe that I am still here regularly.
August 18, 2007 at 4:09 PM #77659SD Realtor
ParticipantHey man… you are semi-retired anyways. darn right I volunteered you chief!
SD Realtor
August 18, 2007 at 4:09 PM #77782SD Realtor
ParticipantHey man… you are semi-retired anyways. darn right I volunteered you chief!
SD Realtor
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