What is the seller mood?

[CA renter]

Doesn’t DataQuick use average/median prices as opposed to same-home sales?

I think the appreciation and depreciation rates are exaggerated because:

-at the low end, the sales have been rising, largely due to investors and some first-time buyers purchasing the low-priced foreclosures.

-at the high end, you have truly wealthy buyers paying cash or putting down large down payments on houses that have lost value, but were falling from very, very high prices. Basically, a $1.3MM house goes for $1.1MM, so it looks like prices are high. Buyers are committing the same amount of money as during the boom, but they are buying more house for the money. It makes it look like prices are holding up.

Thoughts?

[SD Realtor]

Concho covered it well. I just had a long conversation with a lost soul about her downtown condo. I passed on the listing. I have another appt in Aviara soon but from the phone conversation the seller is absolutely convinced that they “have to” get $x for the home.

Much denial still exists.

[SD Realtor]

Concho covered it well. I just had a long conversation with a lost soul about her downtown condo. I passed on the listing. I have another appt in Aviara soon but from the phone conversation the seller is absolutely convinced that they “have to” get $x for the home.

Much denial still exists.

[SD Realtor]

Concho covered it well. I just had a long conversation with a lost soul about her downtown condo. I passed on the listing. I have another appt in Aviara soon but from the phone conversation the seller is absolutely convinced that they “have to” get $x for the home.

Much denial still exists.

[SD Realtor]

Concho covered it well. I just had a long conversation with a lost soul about her downtown condo. I passed on the listing. I have another appt in Aviara soon but from the phone conversation the seller is absolutely convinced that they “have to” get $x for the home.

Much denial still exists.

[SD Realtor]

Concho covered it well. I just had a long conversation with a lost soul about her downtown condo. I passed on the listing. I have another appt in Aviara soon but from the phone conversation the seller is absolutely convinced that they “have to” get $x for the home.

Much denial still exists.

[Allan from Fallbrook]

SDR: Up here in Fallbrook, people are split into two camps: The first camp is still in a deep state of denial and thinks that the RE market will magically reverse itself and climb back to it’s previous heights, and the other camp has to come to grips with the new reality.

Both camps are reflected in pricing throughout the community.

Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.

[Allan from Fallbrook]

SDR: Up here in Fallbrook, people are split into two camps: The first camp is still in a deep state of denial and thinks that the RE market will magically reverse itself and climb back to it’s previous heights, and the other camp has to come to grips with the new reality.

Both camps are reflected in pricing throughout the community.

Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.

[Allan from Fallbrook]

SDR: Up here in Fallbrook, people are split into two camps: The first camp is still in a deep state of denial and thinks that the RE market will magically reverse itself and climb back to it’s previous heights, and the other camp has to come to grips with the new reality.

Both camps are reflected in pricing throughout the community.

Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.

[Allan from Fallbrook]

SDR: Up here in Fallbrook, people are split into two camps: The first camp is still in a deep state of denial and thinks that the RE market will magically reverse itself and climb back to it’s previous heights, and the other camp has to come to grips with the new reality.

Both camps are reflected in pricing throughout the community.

Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.

[Allan from Fallbrook]

SDR: Up here in Fallbrook, people are split into two camps: The first camp is still in a deep state of denial and thinks that the RE market will magically reverse itself and climb back to it’s previous heights, and the other camp has to come to grips with the new reality.

Both camps are reflected in pricing throughout the community.

Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.

[DWCAP]

[quote=Allan from Fallbrook]
Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.[/quote]

I think a numeber of the buyers that are buying right now are in the same camp as the above. I know 1 who bought and 1 who activly is looking, both because they have convinced themselves (with no small part from RE agent) that prices are in a temporary dip and will be back to 2005 pricing WITHIN the next 3 years. (ie 140k condo’s will be 300k in 2012.)

[DWCAP]

[quote=Allan from Fallbrook]
Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.[/quote]

I think a numeber of the buyers that are buying right now are in the same camp as the above. I know 1 who bought and 1 who activly is looking, both because they have convinced themselves (with no small part from RE agent) that prices are in a temporary dip and will be back to 2005 pricing WITHIN the next 3 years. (ie 140k condo’s will be 300k in 2012.)

[DWCAP]

[quote=Allan from Fallbrook]
Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.[/quote]

I think a numeber of the buyers that are buying right now are in the same camp as the above. I know 1 who bought and 1 who activly is looking, both because they have convinced themselves (with no small part from RE agent) that prices are in a temporary dip and will be back to 2005 pricing WITHIN the next 3 years. (ie 140k condo’s will be 300k in 2012.)

[DWCAP]

[quote=Allan from Fallbrook]
Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.[/quote]

I think a numeber of the buyers that are buying right now are in the same camp as the above. I know 1 who bought and 1 who activly is looking, both because they have convinced themselves (with no small part from RE agent) that prices are in a temporary dip and will be back to 2005 pricing WITHIN the next 3 years. (ie 140k condo’s will be 300k in 2012.)

[Author]

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