The Short Sale Monitor

[sdrealtor]

Stan
Read the thread from the beginning. The short sale count was never intended to be the number of short sales but rather the number of times the phrase “short sale” appears in the MLS. I dont know how Dr HB gets his numbers but it is just about impossible to calculate a real %age. The sole purpose of this thread was to track the growth of distress in the market placed based upon the assumption that in most cases the incidence of the words “short sale” in a lsiting indicates some level of distress.

sdr

[sdrealtor]

Stan
Read the thread from the beginning. The short sale count was never intended to be the number of short sales but rather the number of times the phrase “short sale” appears in the MLS. I dont know how Dr HB gets his numbers but it is just about impossible to calculate a real %age. The sole purpose of this thread was to track the growth of distress in the market placed based upon the assumption that in most cases the incidence of the words “short sale” in a lsiting indicates some level of distress.

sdr

[sdrealtor]

Stan
Read the thread from the beginning. The short sale count was never intended to be the number of short sales but rather the number of times the phrase “short sale” appears in the MLS. I dont know how Dr HB gets his numbers but it is just about impossible to calculate a real %age. The sole purpose of this thread was to track the growth of distress in the market placed based upon the assumption that in most cases the incidence of the words “short sale” in a lsiting indicates some level of distress.

sdr

[sdrealtor]

Stan
Read the thread from the beginning. The short sale count was never intended to be the number of short sales but rather the number of times the phrase “short sale” appears in the MLS. I dont know how Dr HB gets his numbers but it is just about impossible to calculate a real %age. The sole purpose of this thread was to track the growth of distress in the market placed based upon the assumption that in most cases the incidence of the words “short sale” in a lsiting indicates some level of distress.

sdr

[stansd]

Yep, saw that SDR, and deeply appreciate the compilation/trend it provides. Until now, I’d been assuming that % would be pretty close to the actual, but the more I think about it, the double counting may be pretty significant.

I’m wondering if there is an any easy way to determine the amount of double counting by doing a search where you look for instances of the words short sale in 2 of the three different fields, or all three? I’m thinking based on the methodology you are using that , there are only 8 unique combinations (man my statistics are rusty-took me 5 minutes to figure that out:) of words that would trigger on your search:

short sale in none of these sections
X short sale in remarks only
X short sale in confidential remarks only
X short sale in supplement only
XX short sale in remarks and confidential remarks
XX short sale in remarks and supplement
XX short sale in confidential and supplement
XXX short sale in remarks, confidential, and supplement

You would be picking up all of these using your methodology and would be double or triple counting the ones with an XX or XXX.

Easy to sit here and ask others to do work, but I would love to see how many hits you would get in the XX/XXX searches-If we subtracted that from the total you got doing things the normal way, I think it would give an indication of the true percentage.

I would love to see this just one time if you are so inclined, but regardless, I appreciate the faithful posting of the trend.

Stan

[stansd]

Yep, saw that SDR, and deeply appreciate the compilation/trend it provides. Until now, I’d been assuming that % would be pretty close to the actual, but the more I think about it, the double counting may be pretty significant.

I’m wondering if there is an any easy way to determine the amount of double counting by doing a search where you look for instances of the words short sale in 2 of the three different fields, or all three? I’m thinking based on the methodology you are using that , there are only 8 unique combinations (man my statistics are rusty-took me 5 minutes to figure that out:) of words that would trigger on your search:

short sale in none of these sections
X short sale in remarks only
X short sale in confidential remarks only
X short sale in supplement only
XX short sale in remarks and confidential remarks
XX short sale in remarks and supplement
XX short sale in confidential and supplement
XXX short sale in remarks, confidential, and supplement

You would be picking up all of these using your methodology and would be double or triple counting the ones with an XX or XXX.

Easy to sit here and ask others to do work, but I would love to see how many hits you would get in the XX/XXX searches-If we subtracted that from the total you got doing things the normal way, I think it would give an indication of the true percentage.

I would love to see this just one time if you are so inclined, but regardless, I appreciate the faithful posting of the trend.

Stan

[stansd]

Yep, saw that SDR, and deeply appreciate the compilation/trend it provides. Until now, I’d been assuming that % would be pretty close to the actual, but the more I think about it, the double counting may be pretty significant.

I’m wondering if there is an any easy way to determine the amount of double counting by doing a search where you look for instances of the words short sale in 2 of the three different fields, or all three? I’m thinking based on the methodology you are using that , there are only 8 unique combinations (man my statistics are rusty-took me 5 minutes to figure that out:) of words that would trigger on your search:

short sale in none of these sections
X short sale in remarks only
X short sale in confidential remarks only
X short sale in supplement only
XX short sale in remarks and confidential remarks
XX short sale in remarks and supplement
XX short sale in confidential and supplement
XXX short sale in remarks, confidential, and supplement

You would be picking up all of these using your methodology and would be double or triple counting the ones with an XX or XXX.

Easy to sit here and ask others to do work, but I would love to see how many hits you would get in the XX/XXX searches-If we subtracted that from the total you got doing things the normal way, I think it would give an indication of the true percentage.

I would love to see this just one time if you are so inclined, but regardless, I appreciate the faithful posting of the trend.

Stan

[stansd]

Yep, saw that SDR, and deeply appreciate the compilation/trend it provides. Until now, I’d been assuming that % would be pretty close to the actual, but the more I think about it, the double counting may be pretty significant.

I’m wondering if there is an any easy way to determine the amount of double counting by doing a search where you look for instances of the words short sale in 2 of the three different fields, or all three? I’m thinking based on the methodology you are using that , there are only 8 unique combinations (man my statistics are rusty-took me 5 minutes to figure that out:) of words that would trigger on your search:

short sale in none of these sections
X short sale in remarks only
X short sale in confidential remarks only
X short sale in supplement only
XX short sale in remarks and confidential remarks
XX short sale in remarks and supplement
XX short sale in confidential and supplement
XXX short sale in remarks, confidential, and supplement

You would be picking up all of these using your methodology and would be double or triple counting the ones with an XX or XXX.

Easy to sit here and ask others to do work, but I would love to see how many hits you would get in the XX/XXX searches-If we subtracted that from the total you got doing things the normal way, I think it would give an indication of the true percentage.

I would love to see this just one time if you are so inclined, but regardless, I appreciate the faithful posting of the trend.

Stan

[stansd]

Yep, saw that SDR, and deeply appreciate the compilation/trend it provides. Until now, I’d been assuming that % would be pretty close to the actual, but the more I think about it, the double counting may be pretty significant.

I’m wondering if there is an any easy way to determine the amount of double counting by doing a search where you look for instances of the words short sale in 2 of the three different fields, or all three? I’m thinking based on the methodology you are using that , there are only 8 unique combinations (man my statistics are rusty-took me 5 minutes to figure that out:) of words that would trigger on your search:

short sale in none of these sections
X short sale in remarks only
X short sale in confidential remarks only
X short sale in supplement only
XX short sale in remarks and confidential remarks
XX short sale in remarks and supplement
XX short sale in confidential and supplement
XXX short sale in remarks, confidential, and supplement

You would be picking up all of these using your methodology and would be double or triple counting the ones with an XX or XXX.

Easy to sit here and ask others to do work, but I would love to see how many hits you would get in the XX/XXX searches-If we subtracted that from the total you got doing things the normal way, I think it would give an indication of the true percentage.

I would love to see this just one time if you are so inclined, but regardless, I appreciate the faithful posting of the trend.

Stan

[Arraya]

“Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.”

All data is incorrect. The question is, is how incorrect is it….?

[Arraya]

“Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.”

All data is incorrect. The question is, is how incorrect is it….?

[Arraya]

“Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.”

All data is incorrect. The question is, is how incorrect is it….?

[Arraya]

“Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.”

All data is incorrect. The question is, is how incorrect is it….?

[Arraya]

“Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.”

All data is incorrect. The question is, is how incorrect is it….?

[sdrealtor]

Update time!

Short sales 5,632 up from 5,551 last week.

Countywide we are at 18,987 down from 19,190 last week. Inventory usually stops dropping off precipitously between now and the y/e.

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