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CAwireman.
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July 20, 2007 at 7:40 AM #66659July 20, 2007 at 7:40 AM #66723
housingfreefall
ParticipantSD realtor,
Do you have any stats on percentage of sold that are actually short sales or distressed? Realtor friend indicated to me 60% of sold for the month of June, had some form of short sale, foreclosure, or REO attached can you confirm?
July 23, 2007 at 2:24 PM #67231sdrealtor
ParticipantUpdate time!
We are back on track for regular reporting. Please note that this weeks report only considers about 4 days as last weeks numbers were gathered a few days late.
Short sales 3,231 up from 3,180.
Countywide we are at 18,955 up from 18,884 last week. Will this be the peak this year as it was last year? Stay tuned…..
hff,
I would suspect your Realtor friend is full of sh*t! I don’t think ti si possible to calculate that number with any sense of accuracy.July 23, 2007 at 2:24 PM #67296ParticipantUpdate time!
We are back on track for regular reporting. Please note that this weeks report only considers about 4 days as last weeks numbers were gathered a few days late.
Short sales 3,231 up from 3,180.
Countywide we are at 18,955 up from 18,884 last week. Will this be the peak this year as it was last year? Stay tuned…..
hff,
I would suspect your Realtor friend is full of sh*t! I don’t think ti si possible to calculate that number with any sense of accuracy.July 23, 2007 at 2:46 PM #67247Artifact
ParticipantFigures – next week will be interesting. The curve upward was slowed by the short week, but we can’t be sure if that is the only thing going on.
T
[img_assist|nid=3983|title= Short Sales and Total Sales|desc=|link=node|align=left|width=466|height=283]
[img_assist|nid=3984|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=283]
[img_assist|nid=3985|title= Trends in Short Sales|desc=|link=node|align=left|width=466|height=283]July 23, 2007 at 2:46 PM #67312ParticipantFigures – next week will be interesting. The curve upward was slowed by the short week, but we can’t be sure if that is the only thing going on.
T
[img_assist|nid=3983|title= Short Sales and Total Sales|desc=|link=node|align=left|width=466|height=283]
[img_assist|nid=3984|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=283]
[img_assist|nid=3985|title= Trends in Short Sales|desc=|link=node|align=left|width=466|height=283]July 30, 2007 at 11:30 AM #68683ParticipantUpdate time!
Short sales 3,361 up from 3,231.
Countywide we are at 18,975 essentially flat from 18,955 last week. My guess is that we are at peak inventory based upon prior year patterns.
Look for the divergence between the two data points to continue to grow.
Yesterday I saw a stat in the UT that 17% of closed sales in June were at prices below the purchase price. Throw in selling costs and I wouldnt be surprised if 25% of June sellers had capital losses.
July 30, 2007 at 11:30 AM #68752ParticipantUpdate time!
Short sales 3,361 up from 3,231.
Countywide we are at 18,975 essentially flat from 18,955 last week. My guess is that we are at peak inventory based upon prior year patterns.
Look for the divergence between the two data points to continue to grow.
Yesterday I saw a stat in the UT that 17% of closed sales in June were at prices below the purchase price. Throw in selling costs and I wouldnt be surprised if 25% of June sellers had capital losses.
July 31, 2007 at 3:27 PM #68990ParticipantHere are the figures. Lots of the same – bascially showing what sdrealtor said – the percent is increasing more rapidly because the total sales are leveling out and the short sales are still increasing. I re-did the trend lines on the 3rd plot – the trend for total short sales excludes the strange tale on the for left (prior to the new year) – but still shows the increasing rate of change. The trend for percent change is not significant, so instead of showing that, I just included the zero line – above that it is increasing.
T
[img_assist|nid=4078|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=285]
[img_assist|nid=4079|title= Percent Change and Percent Chort of Total|desc=|link=node|align=left|width=466|height=285]
[img_assist|nid=4080|title= Short Sale Trends|desc=|link=node|align=left|width=466|height=285]July 31, 2007 at 3:27 PM #69061ParticipantHere are the figures. Lots of the same – bascially showing what sdrealtor said – the percent is increasing more rapidly because the total sales are leveling out and the short sales are still increasing. I re-did the trend lines on the 3rd plot – the trend for total short sales excludes the strange tale on the for left (prior to the new year) – but still shows the increasing rate of change. The trend for percent change is not significant, so instead of showing that, I just included the zero line – above that it is increasing.
T
[img_assist|nid=4078|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=285]
[img_assist|nid=4079|title= Percent Change and Percent Chort of Total|desc=|link=node|align=left|width=466|height=285]
[img_assist|nid=4080|title= Short Sale Trends|desc=|link=node|align=left|width=466|height=285]July 31, 2007 at 6:00 PM #69036DaisyDuke
ParticipantWould this constitute a short sale?
19 Brookside way
Azusa, CAOriginal Asking Price – $739,000
Current asking price $550,000
Really nice area of Azusa.
July 31, 2007 at 6:00 PM #69107ParticipantWould this constitute a short sale?
19 Brookside way
Azusa, CAOriginal Asking Price – $739,000
Current asking price $550,000
Really nice area of Azusa.
August 1, 2007 at 6:51 AM #69122ParticipantIt depends on how much the mortgage is – that is a pretty dramatic drop in price though. I see similar drops in the Sacramento area (I have been foloowing the market there as well as San Diego).
T
August 1, 2007 at 6:51 AM #69193ParticipantIt depends on how much the mortgage is – that is a pretty dramatic drop in price though. I see similar drops in the Sacramento area (I have been foloowing the market there as well as San Diego).
T
August 1, 2007 at 10:29 AM #69176ParticipantMid week update: Just took a quick look to see if inventory has peaked. Inventory is already down close to 200 homes in 2 days while short sales are essentially flat (down by 6). Everything seem sto be going as expected. Next weeks report will be interesting.
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