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pemeliza
ParticipantI agree that the spring selling season is a bit slow so far. But I have noticed that the high-end 1M+ sales in 92103 have picked up. Perhaps the jumbo financing is finally recovering a bit. Of course, the prices have gotten more realistic over the years at the high-end but still it does seem that that part of the market is picking itself up off the floor. We will see how long it lasts.
ParticipantI agree that the spring selling season is a bit slow so far. But I have noticed that the high-end 1M+ sales in 92103 have picked up. Perhaps the jumbo financing is finally recovering a bit. Of course, the prices have gotten more realistic over the years at the high-end but still it does seem that that part of the market is picking itself up off the floor. We will see how long it lasts.
ParticipantCAR, I have not seen this new redfin feature in action yet. How does the number of “shadow inventory” homes you are seeing compare with the current “available inventory”. Is it 2x, 3x, or more?
That one on California seems very close to the I-5.
On another note, the list prices in 92103 for detached homes continue to tank:
Total Houses 88
Average Price $986,181
Median Price $767,500
Average PPSF $451
Median PPSF $443Judging by the sales volume these prices don’t really seem to be all that close to market clearing levels either.
ParticipantCAR, I have not seen this new redfin feature in action yet. How does the number of “shadow inventory” homes you are seeing compare with the current “available inventory”. Is it 2x, 3x, or more?
That one on California seems very close to the I-5.
On another note, the list prices in 92103 for detached homes continue to tank:
Total Houses 88
Average Price $986,181
Median Price $767,500
Average PPSF $451
Median PPSF $443Judging by the sales volume these prices don’t really seem to be all that close to market clearing levels either.
ParticipantCAR, I have not seen this new redfin feature in action yet. How does the number of “shadow inventory” homes you are seeing compare with the current “available inventory”. Is it 2x, 3x, or more?
That one on California seems very close to the I-5.
On another note, the list prices in 92103 for detached homes continue to tank:
Total Houses 88
Average Price $986,181
Median Price $767,500
Average PPSF $451
Median PPSF $443Judging by the sales volume these prices don’t really seem to be all that close to market clearing levels either.
ParticipantCAR, I have not seen this new redfin feature in action yet. How does the number of “shadow inventory” homes you are seeing compare with the current “available inventory”. Is it 2x, 3x, or more?
That one on California seems very close to the I-5.
On another note, the list prices in 92103 for detached homes continue to tank:
Total Houses 88
Average Price $986,181
Median Price $767,500
Average PPSF $451
Median PPSF $443Judging by the sales volume these prices don’t really seem to be all that close to market clearing levels either.
ParticipantCAR, I have not seen this new redfin feature in action yet. How does the number of “shadow inventory” homes you are seeing compare with the current “available inventory”. Is it 2x, 3x, or more?
That one on California seems very close to the I-5.
On another note, the list prices in 92103 for detached homes continue to tank:
Total Houses 88
Average Price $986,181
Median Price $767,500
Average PPSF $451
Median PPSF $443Judging by the sales volume these prices don’t really seem to be all that close to market clearing levels either.
ParticipantBoth of those houses on Puterbaugh seem like good deals at those prices. The short sales definitely seem to be going through at a faster clip than they did a few years ago. Back when we bought in ’09 you pretty much had to buy a REO to get a good price 92103. That has obviously changed.
“And some ZIPs are still not seeing declines.”
Not many.
ParticipantBoth of those houses on Puterbaugh seem like good deals at those prices. The short sales definitely seem to be going through at a faster clip than they did a few years ago. Back when we bought in ’09 you pretty much had to buy a REO to get a good price 92103. That has obviously changed.
“And some ZIPs are still not seeing declines.”
Not many.
ParticipantBoth of those houses on Puterbaugh seem like good deals at those prices. The short sales definitely seem to be going through at a faster clip than they did a few years ago. Back when we bought in ’09 you pretty much had to buy a REO to get a good price 92103. That has obviously changed.
“And some ZIPs are still not seeing declines.”
Not many.
ParticipantBoth of those houses on Puterbaugh seem like good deals at those prices. The short sales definitely seem to be going through at a faster clip than they did a few years ago. Back when we bought in ’09 you pretty much had to buy a REO to get a good price 92103. That has obviously changed.
“And some ZIPs are still not seeing declines.”
Not many.
ParticipantBoth of those houses on Puterbaugh seem like good deals at those prices. The short sales definitely seem to be going through at a faster clip than they did a few years ago. Back when we bought in ’09 you pretty much had to buy a REO to get a good price 92103. That has obviously changed.
“And some ZIPs are still not seeing declines.”
Not many.
ParticipantJP, that is a nice house for the $$$. Looks like prices are settling in around 35-40% off peak in 92103. That is a very high price for early 2008. I thought by then the market was already starting to get hit.
ParticipantJP, that is a nice house for the $$$. Looks like prices are settling in around 35-40% off peak in 92103. That is a very high price for early 2008. I thought by then the market was already starting to get hit.
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