[santeeman]

"I have read enough to know that the amount of new listings decreasing in the fall/winter is less. But the amounts here look like they are MUCH less than they have been in the past(double), and started at a different time of the year."

OOPS! I was looking at the numbers again and I guess I goofed. They were down but, I think I transposed the amounts for total sales then listings.

 OFHEO on Dec 1st. I will be looking forward to that information.

[santeeman]

AND complete a sentence without stuttering, stumbling, and mispronouncing words(or looking for his daddy).

[santeeman]

I sir serve my country for a living. He(President Bush) is stupid.

[santeeman]

“It was the time when wholesale houses close
Their shutters with a moody sense of wealth,
But retail dealers, diligent, let loose
The gas (objected to on score of health),
Convey’d in little solder’d pipes by stealth,
And make it flare in many a brillant form,
That all the powers of darkness it repell’th,
Which to the oil-trade doth great scaith and harm,
And supersedeth quit the use of the glow-worm”

I’d like to hear President Bush say that! That’d be funny!

[santeeman]

So it DID get press. I would think that the RE industry, in San Diego would’ve been all over that, but then if it’s a “bounce” anyway it doesn’t mean much, right?

[santeeman]

Well, if this is correct “my plan” is to put my house up for sale in April.

I plan to put it in at a fair price. I don’t wanna make a mint and I don’t wanna be stuck in a situation where when I get where I am going I find out that houses didn’t decline there, they appreciated.

[santeeman]

Thank you, I actually thought I could edit my text and kept hitting post……I am really not such a bad guy.

[santeeman]

“The uptick in closed sales is what’s out of the oridinary.”

I agree, I just thought it was interesting, and news, and I am curious why I haven’t read about it in the news.

I am sure the total sales will be lower next month, I don’t believe the end is here.

I have read enough to know that the amount of new listings decreasing in the fall/winter is less. But the amounts here look like they are MUCH less than they have been in the past(double), and started at a different time of the year. I was wondering if this is what the RE industry is considering/stating that there are “signs” that we have hit the bottom?

[santeeman]

oops

[santeeman]

oops

[santeeman]

Bugs,

Total sales amount is down, and also is the amount of new listings, considerably. I went back and checked each year it had on record and the total sales number for October was actually lower YOY for at least 6 consecutive years. Also the number of new listings was too.

This website provides the information for up to 6 years,for anyone, not just realtors.

Click on “Sales Statics”
http://sandicor.com/statistics.html

[santeeman]

What are you talking about, I may be an idiot cause I don’t know how to use a computer but relax. I didn’t intend to put it in that many times. What am I trying to convince you of? Don’t hate, don’t hate.

[santeeman]

This guy is talking about what he is calling the “State of the Bleeding Edge San Diego Market”. What is a “Bleeding Edge Market”? I have never heard of this. I have read the articles and I think what he is saying is no matter how you look at it this place is going to hell in a hand basket. I do think however, you are probably correct in assuming he has predicted an end too soon. When it ends, and it will, where will San Diego end up, the way of San Francisco…I think so. Everything here is too expensive.
I recently read something on Forbes, that was talking about where housing would be in 2016. It talked about the ups and downs and “look at the bumpy road ahead”.When I looked at the graph they had for San Diego there was a steady line up from a median of about 600k to 850k in 2016. This was an article about the coming housing slump, San Diego is the worst market, and they are predicting the highest increase here, in that time frame.

Forbes.com
Table: A bumpy ride to 10-year gains
To get a feel for the volatility between these price points and a full description of the communities included in each metro area, view the Forbes.com slideshow here or click on each city’s name in the table below.

Metro area Median price, 2Q 2006 Est. median price, 2Q 2016 % increase
Washington D.C. $435,899
$450,747
3%

New York $558,853
$611,045
9%

Boston $416,911
$481,184
15%

Philadelphia $230,495
$269,818
17%

Minneapolis-St. Paul $244,186
$286,397
17%

Chicago $290,953
$360,018
24%

Los Angeles $538,477
$667,048
24%

Miami $399,348
$498,564
25%

Atlanta $172,722
$227,488
32%

St. Louis $147,359
$195,607
33%

Phoenix $284,727
$378,914
33%

San Diego $624,987
$856,067
37%

Houston $147,496
$214,370
45%

Dallas $162,461
$245,725
51%

Seattle $384,543
$612,383
59%

[santeeman]

Here is the latest numbers on housingtraker actually, the inventory has been going down since July, the numbers now closer to 19k. Maybe folks pulled their homes(off the market), waiting for spring '07?

 http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

Trend 11/06/2006 1 month 2 month 3 month 6 month –

Median Price $525,000 0.9% -1.9% -2.3% -2.6%

Inventory 19,934 -5.8% -9.5% -8.9% +7.6%

[santeeman]

Rents are not SKYROCKETING in the SAN DIEGO area yet, but will they? The areas in this article are outpacing inflation.
http://www.realfacts.com/10252006.html
October 25, 2006
"RENTS CONTINUE TO GROW AS FIVE MARKETS REACH "HOT" STATUS Results of third quarter data released today by RealFacts reveal overall continued rent growth, with five markets standing out at above 7%. Leading the way at 10.4% annual rent growth was the San Jose MSA, the first appearance of double digit rent growth in San Jose since the first quarter of 2001 when it registered 34.9% annual growth. The Los Angles, Phoenix, Oxnard-Thousand Oaks and San Francisco MSAs all registered annul rent growth between 7.2% and 7.6%. Showing continuing strength were the Las Vegas, Riverside-San Bernardino, and Seattle MSAs, all between 5.8% and 6.3%. Portland OR broke the 5% barrier this quarter at 5.6% annual rent growth. Three MSAs are poised to break the 5% barrier, with Reno at 4.8%, Salt Lake City at 4.6% and Tucson at 4.7%. Together, the 12 MSAs registering over 4.6% annual rent growth represent 79% of the units in the eight western and southwestern states, confirming the depth and breadth of the strong rent growth in these two regions. Overall, eighteen of the 29 major MSAs tracked are now over 3% annual rent growth, up from 13 MSAs last quarter, and double the 9 MSAs over 3% one year ago. This quarter the complete RealFacts database registered 4% annual rent growth, a 0.3% increase from the second quarter, and up from 2.7% annual rent growth a year ago."

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