[kewp]

Sorry, should have made that clear in the first post (which I can’t seem to figure out how to edit).

It simply means that 242 (oops, fixed, 260 now!) of the realestate listings on the San Diego craiglist have the word ‘reduced’ in them. Which seems to be the hot keyword for folks trying to move properties fast.

This purely for fun and unscientific, yet I still find the rate at which these are increasing is somewhat alarming.

[kewp]

Something is broken on their end, all the searches are failing.

[kewp]

“This is a great city, but $600k for a 50 yr old breadbox 10 feet from the next breadboxes? c’mon.”

I wonder how ‘great’ this city is going to be considered when a third of it is dirt lots, unfinshed condo converstions and shuttered small businesses.

[kewp]

Just thought of the idea today. 239 at the moment. If I have time I’ll see if I can get a script to tally it automatically.

Edit: The following one-liner should output the results on a standard linux box (which unfortunately I don’t have anywhere public at the moment).

echo $(date +%F) $(wget -q -O – http://tinyurl.com/zk3x8 | egrep -o ‘Found: [0-9]* ‘ | uniq)

results in…

2006-06-27 Found: 242

[kewp]

“The average purchase price for the county was down $15,000 last month. You NEVER see that high of a fluctuation value anywhere else in the country unless it’s the start of a recession. What this translate to is that even a motivated seller (as long as they are informed and understand the market) is much more willing to hang on to their property for several more months because when the buyer’s market does turn (as it always has) they can sell for much more than a panicked seller.”

I’ll disagree that we are in a buyer’s market. 1% off an asset that is 40% overpriced to begin with isn’t a bargain in my book.

Given that SD is potentially the bubble-capital of the US, were there to be a recession, I wouldn’t be suprised if it starts here.

So goes California, so goes the Country!

[Author]

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