[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

JP, you’ve been following the market a lot longer than me. Do you think the large drop in inventory in PL is consistent with past years?

the formatting will be a little off, but here are the numbers from SDLookup:

Week Houses Condos Total
12/19 88 19 107
10/31 109 30 140

I know winter is always slower, but this drop still surprised me.

[javatestcase]

Desmond, IMHO you may have misinterpreted the tone of this thread.

Speaking only for myself, I am not a home owner, and have live in 92107 for 10 years. I study the market because I plan to buy there, and have put low ball offers on three houses this year, missed out on all so far (barely, all went well below list).

I’m have no interest in trying to convince anyone to buy. I’m simple commenting on my observations. The market may go down further, it may not. It’s taken a while to drop at all, and some places may be good deals like the one above.

p.s. if you ever visited the forum on SDLookup for 92107 and 92106, some of JP’s comments about houses would make sellers want to cry…

[javatestcase]

Desmond, IMHO you may have misinterpreted the tone of this thread.

Speaking only for myself, I am not a home owner, and have live in 92107 for 10 years. I study the market because I plan to buy there, and have put low ball offers on three houses this year, missed out on all so far (barely, all went well below list).

I’m have no interest in trying to convince anyone to buy. I’m simple commenting on my observations. The market may go down further, it may not. It’s taken a while to drop at all, and some places may be good deals like the one above.

p.s. if you ever visited the forum on SDLookup for 92107 and 92106, some of JP’s comments about houses would make sellers want to cry…

[javatestcase]

Desmond, IMHO you may have misinterpreted the tone of this thread.

Speaking only for myself, I am not a home owner, and have live in 92107 for 10 years. I study the market because I plan to buy there, and have put low ball offers on three houses this year, missed out on all so far (barely, all went well below list).

I’m have no interest in trying to convince anyone to buy. I’m simple commenting on my observations. The market may go down further, it may not. It’s taken a while to drop at all, and some places may be good deals like the one above.

p.s. if you ever visited the forum on SDLookup for 92107 and 92106, some of JP’s comments about houses would make sellers want to cry…

[javatestcase]

Desmond, IMHO you may have misinterpreted the tone of this thread.

Speaking only for myself, I am not a home owner, and have live in 92107 for 10 years. I study the market because I plan to buy there, and have put low ball offers on three houses this year, missed out on all so far (barely, all went well below list).

I’m have no interest in trying to convince anyone to buy. I’m simple commenting on my observations. The market may go down further, it may not. It’s taken a while to drop at all, and some places may be good deals like the one above.

p.s. if you ever visited the forum on SDLookup for 92107 and 92106, some of JP’s comments about houses would make sellers want to cry…

[javatestcase]

Desmond, IMHO you may have misinterpreted the tone of this thread.

Speaking only for myself, I am not a home owner, and have live in 92107 for 10 years. I study the market because I plan to buy there, and have put low ball offers on three houses this year, missed out on all so far (barely, all went well below list).

I’m have no interest in trying to convince anyone to buy. I’m simple commenting on my observations. The market may go down further, it may not. It’s taken a while to drop at all, and some places may be good deals like the one above.

p.s. if you ever visited the forum on SDLookup for 92107 and 92106, some of JP’s comments about houses would make sellers want to cry…

[javatestcase]

I agree JP. A lot of houses in the “nice areas” of PL and OB had some decent closing prices. Some of places are closing 20% or so down from their original listing prices.

I think you may be right about this being a good time to buy in PLOB. Like a lot of good areas, low turnover kept prices high longer, but the slow summer brought some realism to the market. However inventory has dropped, so that downward pressure may not continue (unless there is another bad summer.)

Armed with much better comps, buyers agents should be negotiating from a much better position. Especially with a lot of places out there 100+ DOM.

BTW, Do you just monitor the peninsula as a hobby, or are you planning to swoop down from PB and scoop up a place?

[javatestcase]

I agree JP. A lot of houses in the “nice areas” of PL and OB had some decent closing prices. Some of places are closing 20% or so down from their original listing prices.

I think you may be right about this being a good time to buy in PLOB. Like a lot of good areas, low turnover kept prices high longer, but the slow summer brought some realism to the market. However inventory has dropped, so that downward pressure may not continue (unless there is another bad summer.)

Armed with much better comps, buyers agents should be negotiating from a much better position. Especially with a lot of places out there 100+ DOM.

BTW, Do you just monitor the peninsula as a hobby, or are you planning to swoop down from PB and scoop up a place?

[javatestcase]

I agree JP. A lot of houses in the “nice areas” of PL and OB had some decent closing prices. Some of places are closing 20% or so down from their original listing prices.

I think you may be right about this being a good time to buy in PLOB. Like a lot of good areas, low turnover kept prices high longer, but the slow summer brought some realism to the market. However inventory has dropped, so that downward pressure may not continue (unless there is another bad summer.)

Armed with much better comps, buyers agents should be negotiating from a much better position. Especially with a lot of places out there 100+ DOM.

BTW, Do you just monitor the peninsula as a hobby, or are you planning to swoop down from PB and scoop up a place?

[javatestcase]

I agree JP. A lot of houses in the “nice areas” of PL and OB had some decent closing prices. Some of places are closing 20% or so down from their original listing prices.

I think you may be right about this being a good time to buy in PLOB. Like a lot of good areas, low turnover kept prices high longer, but the slow summer brought some realism to the market. However inventory has dropped, so that downward pressure may not continue (unless there is another bad summer.)

Armed with much better comps, buyers agents should be negotiating from a much better position. Especially with a lot of places out there 100+ DOM.

BTW, Do you just monitor the peninsula as a hobby, or are you planning to swoop down from PB and scoop up a place?

[javatestcase]

I agree JP. A lot of houses in the “nice areas” of PL and OB had some decent closing prices. Some of places are closing 20% or so down from their original listing prices.

I think you may be right about this being a good time to buy in PLOB. Like a lot of good areas, low turnover kept prices high longer, but the slow summer brought some realism to the market. However inventory has dropped, so that downward pressure may not continue (unless there is another bad summer.)

Armed with much better comps, buyers agents should be negotiating from a much better position. Especially with a lot of places out there 100+ DOM.

BTW, Do you just monitor the peninsula as a hobby, or are you planning to swoop down from PB and scoop up a place?

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