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Eugene
ParticipantA couple more observations.
Not only do coastal and inland areas of San Diego show relatively low levels of foreclosure activity, but so far at least 1/3 of all REOs in these areas are condos. There’s very little distress among single-family houses in good areas.
Among those houses that do get foreclosed upon, considerable numbers are neither listed nor resold. Banks seem to be simply sitting on them. (Random example: 7958 Camino Tranquilo in University City)
It’s interesting to compare these rates with Temecula/Murrieta, but I can’t find any foreclosure data for Riverside County.
ParticipantA couple more observations.
Not only do coastal and inland areas of San Diego show relatively low levels of foreclosure activity, but so far at least 1/3 of all REOs in these areas are condos. There’s very little distress among single-family houses in good areas.
Among those houses that do get foreclosed upon, considerable numbers are neither listed nor resold. Banks seem to be simply sitting on them. (Random example: 7958 Camino Tranquilo in University City)
It’s interesting to compare these rates with Temecula/Murrieta, but I can’t find any foreclosure data for Riverside County.
ParticipantP.S.
Dates correspond to foreclosure auctions, it takes 2-3 months for a house to appear in the MLS after the auction.
October numbers are projected based on foreclosure activity through mid-October.
ParticipantP.S.
Dates correspond to foreclosure auctions, it takes 2-3 months for a house to appear in the MLS after the auction.
October numbers are projected based on foreclosure activity through mid-October.
ParticipantP.S.
Dates correspond to foreclosure auctions, it takes 2-3 months for a house to appear in the MLS after the auction.
October numbers are projected based on foreclosure activity through mid-October.
ParticipantP.S.
Dates correspond to foreclosure auctions, it takes 2-3 months for a house to appear in the MLS after the auction.
October numbers are projected based on foreclosure activity through mid-October.
ParticipantP.S.
Dates correspond to foreclosure auctions, it takes 2-3 months for a house to appear in the MLS after the auction.
October numbers are projected based on foreclosure activity through mid-October.
ParticipantAren’t some homes in this area already in the 300’s?
Not in this specific neighborhood. Some homes in 92126 are, but this area is considerably newer than most of 92126 (built in 1989 as opposed to early 70’s). Better comparison is vs. 92121 (Sorrento Valley) or south 92129 (RP south of 56) and you’ll have a hard time finding a 4br house there for less than 600k.
ParticipantAren’t some homes in this area already in the 300’s?
Not in this specific neighborhood. Some homes in 92126 are, but this area is considerably newer than most of 92126 (built in 1989 as opposed to early 70’s). Better comparison is vs. 92121 (Sorrento Valley) or south 92129 (RP south of 56) and you’ll have a hard time finding a 4br house there for less than 600k.
ParticipantAren’t some homes in this area already in the 300’s?
Not in this specific neighborhood. Some homes in 92126 are, but this area is considerably newer than most of 92126 (built in 1989 as opposed to early 70’s). Better comparison is vs. 92121 (Sorrento Valley) or south 92129 (RP south of 56) and you’ll have a hard time finding a 4br house there for less than 600k.
ParticipantAren’t some homes in this area already in the 300’s?
Not in this specific neighborhood. Some homes in 92126 are, but this area is considerably newer than most of 92126 (built in 1989 as opposed to early 70’s). Better comparison is vs. 92121 (Sorrento Valley) or south 92129 (RP south of 56) and you’ll have a hard time finding a 4br house there for less than 600k.
ParticipantAren’t some homes in this area already in the 300’s?
Not in this specific neighborhood. Some homes in 92126 are, but this area is considerably newer than most of 92126 (built in 1989 as opposed to early 70’s). Better comparison is vs. 92121 (Sorrento Valley) or south 92129 (RP south of 56) and you’ll have a hard time finding a 4br house there for less than 600k.
ParticipantHow much of that is due to the housing boom? I suspect we won’t know until at least the 2009-2010 numbers come out.
Probably half of it. Here are some places that didn’t have a housing boom.
Charlotte: 13% ($53,868 to $61,061)
Dallas-Fort Worth: 12% ($55,016 to $61,596)
Denver: 11% ($61,088 to $68,081)
Portland: 19% ($54,171 to $64,316)ParticipantHow much of that is due to the housing boom? I suspect we won’t know until at least the 2009-2010 numbers come out.
Probably half of it. Here are some places that didn’t have a housing boom.
Charlotte: 13% ($53,868 to $61,061)
Dallas-Fort Worth: 12% ($55,016 to $61,596)
Denver: 11% ($61,088 to $68,081)
Portland: 19% ($54,171 to $64,316) -
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