- This topic has 88 replies, 19 voices, and was last updated 12 years, 6 months ago by sdrealtor.
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March 10, 2012 at 9:41 AM #19583March 23, 2012 at 1:39 PM #740136sdrealtorParticipant
bump. Please use this to discuss Weekly Inventory Report Take 3
March 24, 2012 at 8:17 AM #740449sdrealtorParticipantMore of the same. Inventory keeps dropping at a time of year it should be increasing. Its worse than the numbers show also. I know that I have full price all cash offers sitting on properties (equity sale not distressed) that are stting in active and should be pending. I have offers on short sales still sitting in active also. Not much chance for downward pressure on prices with these conditions.
March 24, 2012 at 9:11 AM #740468The-ShovelerParticipantSo about how long does it take to get a response from the bank to a full price offer on a short sale these days ?
March 24, 2012 at 9:47 AM #740471sdrealtorParticipantIt depends upon so many things. It could be a month, 3 months, 6 months, a year, 2 years or never. I have stopped guessing.
March 28, 2012 at 12:07 AM #740650CoronitaParticipantbump…
Just looking at the inventory for 92130 from sdlookup…
You have stuff contingent that is SS looks cheap on paper, but a lot of the stuff that is active is overpriced or just plane crap…
Man, if you have a bank trickle 1 or 2 houses every so often, where the hell is the supply?
http://www.sdlookup.com/Real_Estate-Carmel_Valley-Homes_For_Sale-92130
March 28, 2012 at 2:29 PM #740705ctr70ParticipantThat supply is likely deadbeat borrowers sitting in their homes for 3 years enjoying the life of no payments. Lot’s of supply just churning in the background. Waiting for their Government welfare in the form of loan mods or principle reductions.
March 28, 2012 at 2:49 PM #740710SD RealtorParticipantYep lots of supply in the background. Lots of govt support in the background as well.
So far the score is govt/wall street infinity
joe consumer nothing.March 28, 2012 at 3:37 PM #740715sdrealtorParticipantAlot of those deadbeats have been flushed from the system already. Lots more are in process of foreclosure, loan or short sale. The biggest portion of the problem has been digested based upon what I see in our pipeline. The shadow is shrinking every day.
March 30, 2012 at 4:57 PM #740871sdrealtorParticipantJust ran some preliminary numbers. Looks like inventory is starting to fall even faster.
March 30, 2012 at 11:54 PM #740882bearishgurlParticipant[quote=sdrealtor]Just ran some preliminary numbers. Looks like inventory is starting to fall even faster.[/quote]
Duh . . . wonder why? Could all those “baby boomers” think their property is somehow “special” . . . . or perhaps . . . currently “artificially undervalued,” lol :={
March 31, 2012 at 12:36 AM #740883anParticipant[quote=sdrealtor]Just ran some preliminary numbers. Looks like inventory is starting to fall even faster.[/quote]
It’s already the end of March and inventory is actually decreasing. Spring will be very interesting to watch. For MM, where there are 23k households and a population of 74k, there are currently only 95 SFR and 60 condos for sale. That includes contingent listings.March 31, 2012 at 2:44 AM #740886CA renterParticipant[quote=sdrealtor]Just ran some preliminary numbers. Looks like inventory is starting to fall even faster.[/quote]
Yep, it’s a very strange year.
I’m glad we bought last year. The inventory situation has got to be excruciating for buyers out there. It’s like 2004 all over again. 🙁
March 31, 2012 at 7:48 AM #740892ocrenterParticipant[quote=AN][quote=sdrealtor]Just ran some preliminary numbers. Looks like inventory is starting to fall even faster.[/quote]
It’s already the end of March and inventory is actually decreasing. Spring will be very interesting to watch. For MM, where there are 23k households and a population of 74k, there are currently only 95 SFR and 60 condos for sale. That includes contingent listings.[/quote]That seem to be the trend in the entire 56 corridor region. new listings in my neighborhood are going pending ASAP. Buyers seem to be ignoring the old listings, however.
March 31, 2012 at 12:47 PM #740917sdrealtorParticipantbump
Yes it is getting interesting. Pressure has to be up on pricing with these kinds of conditions. In my hood prices gapped down 50 to 75K between nov and Feb as did most of my area. Some nice listings are coming on but well about even the prices from last Summer. They will need to reduce but will be interesting to see what happens. I can see a possibility of the gap down reversing and gapping back up.
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