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October 15, 2007 at 6:13 PM #89211October 17, 2007 at 10:25 AM #89586
Artifact
ParticipantFigures – the percent change is back to a more normal number after last weeks spike due to two weeks numbers being reported at once.
The most obvious thing to note is that despite a drop in total listings, the number of short sale listings is still increasing. How many of those are price reductions and how many are new listings? I think it hints at how many sellers out there are possibly right at the edge of being upside down –
[img_assist|nid=5194|title= Total listings and short sales|desc=|link=node|align=left|width=466|height=307]
[img_assist|nid=5195|title= Percent change and percent short of total|desc=|link=node|align=left|width=466|height=307]October 17, 2007 at 10:25 AM #89594ParticipantFigures – the percent change is back to a more normal number after last weeks spike due to two weeks numbers being reported at once.
The most obvious thing to note is that despite a drop in total listings, the number of short sale listings is still increasing. How many of those are price reductions and how many are new listings? I think it hints at how many sellers out there are possibly right at the edge of being upside down –
[img_assist|nid=5194|title= Total listings and short sales|desc=|link=node|align=left|width=466|height=307]
[img_assist|nid=5195|title= Percent change and percent short of total|desc=|link=node|align=left|width=466|height=307]October 24, 2007 at 3:39 PM #91473sdrealtor
ParticipantUpdate Time!
I just ran the numbers so they represent a couple extra days of data.
Short sales 5,190 up from 5,121 last week. That is a smaller increase than we have been seeing particularly when we consider that there are 2 additional reporting days.
Countywide we are at 19,384 down from 19,602. 3 weeks of declines seems to be the start of the seasonal decline and not just a temporary blip.
In my submarket, inventory fell (about 5%) in every ZIP for attached and detached properties while pendings increased (about 10%).
October 24, 2007 at 3:39 PM #91497ParticipantUpdate Time!
I just ran the numbers so they represent a couple extra days of data.
Short sales 5,190 up from 5,121 last week. That is a smaller increase than we have been seeing particularly when we consider that there are 2 additional reporting days.
Countywide we are at 19,384 down from 19,602. 3 weeks of declines seems to be the start of the seasonal decline and not just a temporary blip.
In my submarket, inventory fell (about 5%) in every ZIP for attached and detached properties while pendings increased (about 10%).
October 24, 2007 at 3:39 PM #91509ParticipantUpdate Time!
I just ran the numbers so they represent a couple extra days of data.
Short sales 5,190 up from 5,121 last week. That is a smaller increase than we have been seeing particularly when we consider that there are 2 additional reporting days.
Countywide we are at 19,384 down from 19,602. 3 weeks of declines seems to be the start of the seasonal decline and not just a temporary blip.
In my submarket, inventory fell (about 5%) in every ZIP for attached and detached properties while pendings increased (about 10%).
October 24, 2007 at 4:07 PM #91479ParticipantRoving figures – I took my family up to Orange County where some friends parents live – larger home pre-equipped for grandkids! We could have gone back today but are putting it off until tomorrow morning to let the situation stabilize a little more and the air to clear up some with the winds blowing off the ocean!
As for the figures – I agree that it looks like the overall inventory is dropping for the season – maybe even the short sales are beginning to slow down – I would guess that the extra days would not have mattered with the fires shutting so many things down –
As an aside: I love the news I get – trying to watch the news for relevant fire information and the news ticker is listing which chargers and padres have been evacuated – very useful – then I have been following the sign on san diego blog page (which has mostly been pretty useful) – I was VERY glad to know that the Jennifer Lopez concert was cancelled so I could change my plans AND that the mall was open so I have a place to go shopping – so much for stay home if you don’t need to be out!
Anyway, here are the figures:
[img_assist|nid=5262|title= Short Sales and Total Inventory|desc=|link=node|align=left|width=466|height=337]
[img_assist|nid=5263|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=337]October 24, 2007 at 4:07 PM #91503ParticipantRoving figures – I took my family up to Orange County where some friends parents live – larger home pre-equipped for grandkids! We could have gone back today but are putting it off until tomorrow morning to let the situation stabilize a little more and the air to clear up some with the winds blowing off the ocean!
As for the figures – I agree that it looks like the overall inventory is dropping for the season – maybe even the short sales are beginning to slow down – I would guess that the extra days would not have mattered with the fires shutting so many things down –
As an aside: I love the news I get – trying to watch the news for relevant fire information and the news ticker is listing which chargers and padres have been evacuated – very useful – then I have been following the sign on san diego blog page (which has mostly been pretty useful) – I was VERY glad to know that the Jennifer Lopez concert was cancelled so I could change my plans AND that the mall was open so I have a place to go shopping – so much for stay home if you don’t need to be out!
Anyway, here are the figures:
[img_assist|nid=5262|title= Short Sales and Total Inventory|desc=|link=node|align=left|width=466|height=337]
[img_assist|nid=5263|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=337]October 24, 2007 at 4:07 PM #91515ParticipantRoving figures – I took my family up to Orange County where some friends parents live – larger home pre-equipped for grandkids! We could have gone back today but are putting it off until tomorrow morning to let the situation stabilize a little more and the air to clear up some with the winds blowing off the ocean!
As for the figures – I agree that it looks like the overall inventory is dropping for the season – maybe even the short sales are beginning to slow down – I would guess that the extra days would not have mattered with the fires shutting so many things down –
As an aside: I love the news I get – trying to watch the news for relevant fire information and the news ticker is listing which chargers and padres have been evacuated – very useful – then I have been following the sign on san diego blog page (which has mostly been pretty useful) – I was VERY glad to know that the Jennifer Lopez concert was cancelled so I could change my plans AND that the mall was open so I have a place to go shopping – so much for stay home if you don’t need to be out!
Anyway, here are the figures:
[img_assist|nid=5262|title= Short Sales and Total Inventory|desc=|link=node|align=left|width=466|height=337]
[img_assist|nid=5263|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=337]October 30, 2007 at 4:00 PM #93272ParticipantUpadate time!
Short sales 5,231 up from 5,190 last week. That is another smaller increase even when considering it included 2 fewer reporting days. Over the last 2 weeks, the increase was only 110 which is well below the 150+ we had been seeing on a weekly basis.
Countywide we are at 19,266 down from 19,384. 4 weeks of declines adds support to the start of the seasonal decline.
October 30, 2007 at 4:00 PM #93304ParticipantUpadate time!
Short sales 5,231 up from 5,190 last week. That is another smaller increase even when considering it included 2 fewer reporting days. Over the last 2 weeks, the increase was only 110 which is well below the 150+ we had been seeing on a weekly basis.
Countywide we are at 19,266 down from 19,384. 4 weeks of declines adds support to the start of the seasonal decline.
October 30, 2007 at 4:00 PM #93315ParticipantUpadate time!
Short sales 5,231 up from 5,190 last week. That is another smaller increase even when considering it included 2 fewer reporting days. Over the last 2 weeks, the increase was only 110 which is well below the 150+ we had been seeing on a weekly basis.
Countywide we are at 19,266 down from 19,384. 4 weeks of declines adds support to the start of the seasonal decline.
October 30, 2007 at 4:13 PM #93295ParticipantFigures: Despite the decreasing rate for new short sales, it is still increasing each week despite the decreasing total inventory. From a purely qualitative point of view it almost looks like the short sales are lagging the listings by about a month – the next month will be interesting to see if the short sales actually start to decrease or if those represent a different market than the “normal” listings.
[img_assist|nid=5324|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=322]
[img_assist|nid=5325|title= Percent Change and Perent Short of Total|desc=|link=node|align=left|width=466|height=322]October 30, 2007 at 4:13 PM #93328ParticipantFigures: Despite the decreasing rate for new short sales, it is still increasing each week despite the decreasing total inventory. From a purely qualitative point of view it almost looks like the short sales are lagging the listings by about a month – the next month will be interesting to see if the short sales actually start to decrease or if those represent a different market than the “normal” listings.
[img_assist|nid=5324|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=322]
[img_assist|nid=5325|title= Percent Change and Perent Short of Total|desc=|link=node|align=left|width=466|height=322]October 30, 2007 at 4:13 PM #93340ParticipantFigures: Despite the decreasing rate for new short sales, it is still increasing each week despite the decreasing total inventory. From a purely qualitative point of view it almost looks like the short sales are lagging the listings by about a month – the next month will be interesting to see if the short sales actually start to decrease or if those represent a different market than the “normal” listings.
[img_assist|nid=5324|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=322]
[img_assist|nid=5325|title= Percent Change and Perent Short of Total|desc=|link=node|align=left|width=466|height=322] -
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