[SD Realtor]

Hi Lendingbubble… (SD Realtor here)…

I know when I get a listing I really really encourage people to list immediately unless the house needs work. If you take a new listing and do not put it on the MLS within 48 hours you have to inform the MLS…. It is kind of a pain.

Now maybe the correct way to say it, is that SELLERS may be waiting to list thier homes on the market. I will say I have had a few calls where people are trying to get on the market but are either to busy or finishing up home projects over the next few weeks. Generally most Realtors will try to lock the listing in right away and get it on the market. The only time a Realtor (that I know of) would discourage listing immediately would be for upgrading or cleaning up the home, or due to the winter holidays. My advice to people considering listing in the spring would be to list ASAP to BEAT the inventory rush as the buyers have definitely started to show up.

So if the inventory rush does come, I don’t think it is because brokerages have timed it to be that way.

[SD Realtor]

zk you are correct. I would apply your assessment to many other zips as well. I do believe that it is due to lower pricing but that is a guess right now.

an I will post your requested zips and all of the other requested zips from last week later tonite.

[SD Realtor]

Update time since my last update 9 days ago:

All San Diego County

Active Pending

Detached 9871 +202 2235 +150
Attached 5559 +125 1510 +14

So to be honest, it is nice to see the jumps in the total actives but the jumps in pendings are pretty high as well. Not great numbers for doomsdayers. However we are WAY to early in the spring to make any educated analysis yet.

As far as individual requested zip codes go I will look them up and post in a few moments.

[SD Realtor]

Give a specific MLS number or address and I can tell you the true status. Zip and Realtor.com lag by a day or two.

SD Realtor

[SD Realtor]

Agreed with BG. The consumer should be at the top of the list.

SD Realtor

[SD Realtor]

I know what you mean cashman. I am getting ready to go out this afternoon to look at another rental since our landlord is selling our current residence. Our rent is comparable to yours and it is eating my heart out as well. Actually I ran the numbers and all things being equal I would break even if I bought right now cash flow wise given the interest deduction I would get. So the decision becomes quality of life verses depreciation risk. My wife is ready to buy yesterday. I also see at least down here that the San Diego inventory is not picking up as fast as I thought it would. I want to see what happens this spring. NODS, NOTS and REOS are up but not enough to affect the market yet. Sorry for the non advice…. but you are not alone.

SD Realtor

[SD Realtor]

FSD I see what you mean. I don’t have any answers though… Like you said, it could be that sparkling poway springs water…

[SD Realtor]

aarrrrg….

FSD I just typed out a long reply and I submitted it and the stupid site crashed on me…Anyways I see your point. I “think” the diversity of Poway housing factors into it more…

My guess for this particular case (Dec yoy) is due to the high ends of the sample. December of 06, the top 5 sales were 1.18M, 1.2M 1.2M 1.74M and 2.075M while December or 05 top 5 sales were 920k, 940k 985k 1.085M 1.71M.

Your right these problems should scale over every zip but I don’t believe most zips have the diversity that Poway does.

Anyways that is just my guess…

[SD Realtor]

Right non lendingbubble

Guys we have had plenty of posts about mortgage frauds and about the inherent unreliability of the median price indicator. It is inherently misleading due to its LACK of information.

I pulled a sold listing in POWAY that went for 75k ABOVE list price and posted about that not long ago. So a home that should have sold for 75k less did not.

Do you think the median price indicator for Murrieta or Temecula is reliable in light of all that fraud?

What about seller credits back to the buyer? Those are not accounted for in the sold price which is then used for the median calculation.

What about the extreme ends of the spectrum. Say there are a few homes that are very very very high end and sell for several million. While they do not represent the true Poway median, they will tilt that median.

At the very least try to give at least some though to yoy sales.

[SD Realtor]

That question to PC doesn’t seem to have much to do with the thread. If you are curious about his personal information why don’t you ask for his email and email him about it privately?

SD Realtor

[SD Realtor]

FSD very nice find.

Actually that makes alot of sense because dqnews simply publishes the UT numbers, (and all the other urban california newpapers numbers)

It would be cool to have that link in the resources section perhaps.

Also yeah the pendings to active ratio is WAY lower then it needs to be in many other zips besides Clairemont. Until this changes I am not sure we are going to see the drastic price drops we all are hoping for. Lets see how things look after some of the normal spring inventory hits the market.

As I update the numbers in this thread for requested zips I will also try to include # of properties expired or cancelled.

[SD Realtor]

Hi PD –

Yeah historical numbers are available and you can get them month by month. It would take me awhile to do that so I will have to pass. I would have to do a month by month search on SOLDS. If I had less on my plate I could do this for you but right now I am swamped.

However, you can go to dqnews.com to get the dataquick numbers for san diego on a per zip code basis. Unfortunately the charge you for archives for the past which sucks. I would bet you can get them from the county as well. These would actually be more accurate because they would cover fsbo where the MLS does not.
actives pendings
92118 detached – 110 23

SD Realtor

[SD Realtor]

Hi FSD –

Again I searched for detached only
Active Pending
92117 74 31
92106 85 17
92110 40 4

SD Realtor

[SD Realtor]

My advice would be to take it up as a second job. You can do alot of work on the weekends, open houses, stuff like that. I think people who jump into it have serious misconceptions that right after they get thier licenses they will be out there taking listings and working directly with buyers.

So as long as you have a steady source of income that you can rely on to pay your rent and bills then take the classes, get your license, go work for a good brokerage and learn the business.

SD Realtor

[SD Realtor]

Hi Ranjan –
Active Pending
92127 – detached – 199 47
92128 – detached – 140 48
92129 – detached – 86 30

SD Realtor

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