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SD Realtor.
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February 12, 2008 at 9:40 PM #152846February 13, 2008 at 12:51 AM #152831
SD Realtor
ParticipantHi Jasper –
Hopefully I can help answer your questions…
“But it is guaranteed to be a fasely high comp because no one else on the courthouse steps bid more, and there are always people there, with cash, and looking.”
No not really. First off I don’t really look at Redfin. Also no Sandicor nor Dataquick counts trustee sales in the calculations they do with gathering resales. The Sandicor data is based on homes put on the MLS or sold by a member of SDAR. Trustee sales are not include BUT short sales and REO’s are included if they were put on the MLS. Have you ever been to the courthouse steps? The people buying there are good. These guys are far and away much more adept then the lunkers you see at an REDC auction. This is because these are all primarly cash buyers who are very seasoned veterans at this game. The fact that you cannot go to a trustee sale with conventional financing is what keeps 99% of us away from them. This is why most all of the properties go back to the lenders.
Ayways looking at 92109, excluding condos a large majority of the resales are indeed simply resales. I am not saying prices are not going down, however it is not the sky is falling scenario you are envisioning.
SD Realtor
February 13, 2008 at 12:51 AM #152932ParticipantHi Jasper –
Hopefully I can help answer your questions…
“But it is guaranteed to be a fasely high comp because no one else on the courthouse steps bid more, and there are always people there, with cash, and looking.”
No not really. First off I don’t really look at Redfin. Also no Sandicor nor Dataquick counts trustee sales in the calculations they do with gathering resales. The Sandicor data is based on homes put on the MLS or sold by a member of SDAR. Trustee sales are not include BUT short sales and REO’s are included if they were put on the MLS. Have you ever been to the courthouse steps? The people buying there are good. These guys are far and away much more adept then the lunkers you see at an REDC auction. This is because these are all primarly cash buyers who are very seasoned veterans at this game. The fact that you cannot go to a trustee sale with conventional financing is what keeps 99% of us away from them. This is why most all of the properties go back to the lenders.
Ayways looking at 92109, excluding condos a large majority of the resales are indeed simply resales. I am not saying prices are not going down, however it is not the sky is falling scenario you are envisioning.
SD Realtor
February 13, 2008 at 12:51 AM #152856ParticipantHi Jasper –
Hopefully I can help answer your questions…
“But it is guaranteed to be a fasely high comp because no one else on the courthouse steps bid more, and there are always people there, with cash, and looking.”
No not really. First off I don’t really look at Redfin. Also no Sandicor nor Dataquick counts trustee sales in the calculations they do with gathering resales. The Sandicor data is based on homes put on the MLS or sold by a member of SDAR. Trustee sales are not include BUT short sales and REO’s are included if they were put on the MLS. Have you ever been to the courthouse steps? The people buying there are good. These guys are far and away much more adept then the lunkers you see at an REDC auction. This is because these are all primarly cash buyers who are very seasoned veterans at this game. The fact that you cannot go to a trustee sale with conventional financing is what keeps 99% of us away from them. This is why most all of the properties go back to the lenders.
Ayways looking at 92109, excluding condos a large majority of the resales are indeed simply resales. I am not saying prices are not going down, however it is not the sky is falling scenario you are envisioning.
SD Realtor
February 13, 2008 at 12:51 AM #152835ParticipantHi Jasper –
Hopefully I can help answer your questions…
“But it is guaranteed to be a fasely high comp because no one else on the courthouse steps bid more, and there are always people there, with cash, and looking.”
No not really. First off I don’t really look at Redfin. Also no Sandicor nor Dataquick counts trustee sales in the calculations they do with gathering resales. The Sandicor data is based on homes put on the MLS or sold by a member of SDAR. Trustee sales are not include BUT short sales and REO’s are included if they were put on the MLS. Have you ever been to the courthouse steps? The people buying there are good. These guys are far and away much more adept then the lunkers you see at an REDC auction. This is because these are all primarly cash buyers who are very seasoned veterans at this game. The fact that you cannot go to a trustee sale with conventional financing is what keeps 99% of us away from them. This is why most all of the properties go back to the lenders.
Ayways looking at 92109, excluding condos a large majority of the resales are indeed simply resales. I am not saying prices are not going down, however it is not the sky is falling scenario you are envisioning.
SD Realtor
February 13, 2008 at 12:51 AM #152549ParticipantHi Jasper –
Hopefully I can help answer your questions…
“But it is guaranteed to be a fasely high comp because no one else on the courthouse steps bid more, and there are always people there, with cash, and looking.”
No not really. First off I don’t really look at Redfin. Also no Sandicor nor Dataquick counts trustee sales in the calculations they do with gathering resales. The Sandicor data is based on homes put on the MLS or sold by a member of SDAR. Trustee sales are not include BUT short sales and REO’s are included if they were put on the MLS. Have you ever been to the courthouse steps? The people buying there are good. These guys are far and away much more adept then the lunkers you see at an REDC auction. This is because these are all primarly cash buyers who are very seasoned veterans at this game. The fact that you cannot go to a trustee sale with conventional financing is what keeps 99% of us away from them. This is why most all of the properties go back to the lenders.
Ayways looking at 92109, excluding condos a large majority of the resales are indeed simply resales. I am not saying prices are not going down, however it is not the sky is falling scenario you are envisioning.
SD Realtor
February 13, 2008 at 1:03 AM #152838Participantgdcox –
The sandicor numbers cannot be corrected by Sandicor.
Guys please understand what Sandicor is and what it does. Sandicor is a seperate corporation that basically runs the Multiple Listing Service. SDAR is the San Diego County Association of Realtors. To be a member of SDAR you pay dues and percentage of your dues goes to pay for MLS access. The MLS is an advertising service for local Realtors to list homes. That is all it is, nothing more and nothing less. The MLS listings are distilled and essentially SOLD to 3rd party providers like realtor.com, redfin, etc…IDX services also are a way for websites to display MLS listings.
Sandicor has NO knowledge at all of any private auction activity. REDC is a private auction. Similarly Sandicor has no knowledge of builders sales unless the builder marketed the home ON the MLS.
Now as for Dataquick, this is an entity that uses the MLS totals but they also get sales data from other sources. As a reporting entity, Dataquick should either monitor sales at private auctions, or better yet, simply monitor recordings on the property tax rolls.
Hopefully the above text helps people understand the reporting of the data and the limitations…
SD Realtor
February 13, 2008 at 1:03 AM #152840Participantgdcox –
The sandicor numbers cannot be corrected by Sandicor.
Guys please understand what Sandicor is and what it does. Sandicor is a seperate corporation that basically runs the Multiple Listing Service. SDAR is the San Diego County Association of Realtors. To be a member of SDAR you pay dues and percentage of your dues goes to pay for MLS access. The MLS is an advertising service for local Realtors to list homes. That is all it is, nothing more and nothing less. The MLS listings are distilled and essentially SOLD to 3rd party providers like realtor.com, redfin, etc…IDX services also are a way for websites to display MLS listings.
Sandicor has NO knowledge at all of any private auction activity. REDC is a private auction. Similarly Sandicor has no knowledge of builders sales unless the builder marketed the home ON the MLS.
Now as for Dataquick, this is an entity that uses the MLS totals but they also get sales data from other sources. As a reporting entity, Dataquick should either monitor sales at private auctions, or better yet, simply monitor recordings on the property tax rolls.
Hopefully the above text helps people understand the reporting of the data and the limitations…
SD Realtor
February 13, 2008 at 1:03 AM #152554Participantgdcox –
The sandicor numbers cannot be corrected by Sandicor.
Guys please understand what Sandicor is and what it does. Sandicor is a seperate corporation that basically runs the Multiple Listing Service. SDAR is the San Diego County Association of Realtors. To be a member of SDAR you pay dues and percentage of your dues goes to pay for MLS access. The MLS is an advertising service for local Realtors to list homes. That is all it is, nothing more and nothing less. The MLS listings are distilled and essentially SOLD to 3rd party providers like realtor.com, redfin, etc…IDX services also are a way for websites to display MLS listings.
Sandicor has NO knowledge at all of any private auction activity. REDC is a private auction. Similarly Sandicor has no knowledge of builders sales unless the builder marketed the home ON the MLS.
Now as for Dataquick, this is an entity that uses the MLS totals but they also get sales data from other sources. As a reporting entity, Dataquick should either monitor sales at private auctions, or better yet, simply monitor recordings on the property tax rolls.
Hopefully the above text helps people understand the reporting of the data and the limitations…
SD Realtor
February 13, 2008 at 1:03 AM #152861Participantgdcox –
The sandicor numbers cannot be corrected by Sandicor.
Guys please understand what Sandicor is and what it does. Sandicor is a seperate corporation that basically runs the Multiple Listing Service. SDAR is the San Diego County Association of Realtors. To be a member of SDAR you pay dues and percentage of your dues goes to pay for MLS access. The MLS is an advertising service for local Realtors to list homes. That is all it is, nothing more and nothing less. The MLS listings are distilled and essentially SOLD to 3rd party providers like realtor.com, redfin, etc…IDX services also are a way for websites to display MLS listings.
Sandicor has NO knowledge at all of any private auction activity. REDC is a private auction. Similarly Sandicor has no knowledge of builders sales unless the builder marketed the home ON the MLS.
Now as for Dataquick, this is an entity that uses the MLS totals but they also get sales data from other sources. As a reporting entity, Dataquick should either monitor sales at private auctions, or better yet, simply monitor recordings on the property tax rolls.
Hopefully the above text helps people understand the reporting of the data and the limitations…
SD Realtor
February 13, 2008 at 1:03 AM #152938Participantgdcox –
The sandicor numbers cannot be corrected by Sandicor.
Guys please understand what Sandicor is and what it does. Sandicor is a seperate corporation that basically runs the Multiple Listing Service. SDAR is the San Diego County Association of Realtors. To be a member of SDAR you pay dues and percentage of your dues goes to pay for MLS access. The MLS is an advertising service for local Realtors to list homes. That is all it is, nothing more and nothing less. The MLS listings are distilled and essentially SOLD to 3rd party providers like realtor.com, redfin, etc…IDX services also are a way for websites to display MLS listings.
Sandicor has NO knowledge at all of any private auction activity. REDC is a private auction. Similarly Sandicor has no knowledge of builders sales unless the builder marketed the home ON the MLS.
Now as for Dataquick, this is an entity that uses the MLS totals but they also get sales data from other sources. As a reporting entity, Dataquick should either monitor sales at private auctions, or better yet, simply monitor recordings on the property tax rolls.
Hopefully the above text helps people understand the reporting of the data and the limitations…
SD Realtor
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