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SD Realtor
Participantsdr you are correct. If I were to want to live in Balearas, (which I do not as it is not my type of neighborhood) then I would have lived up where sdrealtor is talking about. The recent purchase on Amber Lane has a great view and the guy who purchased is now looking for another home for his brother who lives out of state but is going to move here.
The answer about the school district is correct.
Farbet with regards to your other observations, they are quite keen. I really wish I was as sharp as you are. Obviously as one of the listings in question is a listing I have I cannot provide comments in a forum that is public like this. Suffice it to say the seller has selected the pricing of the home. So keep up the brilliant insight please.
SD Realtor
Participantsdr you are correct. If I were to want to live in Balearas, (which I do not as it is not my type of neighborhood) then I would have lived up where sdrealtor is talking about. The recent purchase on Amber Lane has a great view and the guy who purchased is now looking for another home for his brother who lives out of state but is going to move here.
The answer about the school district is correct.
Farbet with regards to your other observations, they are quite keen. I really wish I was as sharp as you are. Obviously as one of the listings in question is a listing I have I cannot provide comments in a forum that is public like this. Suffice it to say the seller has selected the pricing of the home. So keep up the brilliant insight please.
SD Realtor
ParticipantHi Rich –
I think ultimately what I am trying to get to is the true number of bank owned properties that are being sold. Using the MLS as my database I realize that is a very poor vehicle to gain insight but it is all I have for the limited time I have to look into things. Just to note I did my numbers based on all San Diego county so that should smooth out regional disparities in the county.
I know that yes agents are sloppy or lazy but REO or bank owned properties are usually indicated. I would argue only a small sample are not.
I do better understand your analysis is from a NOD/NOT perspective. Also what bolsters your thoughts/numbers further are distressed sales from those who are not even NODDED or NOTTED yet. Also per esmiths input I would agree that REO sales should lookback much farther then the 3-4 months time. His numbers are dead on there.
I guess what I am really trying to find is the correlation of the number of foreclosures reported by foreclosureforum.com to the number of closed reo sales I see on the MLS. So if I look at the NOD numbers in 2007 and then the % that went to foreclosure, I should be seeing about 500 closings per month that would be REOs. This is a generously low number given the lagtime of the pipeline. That is I looked at the early spring numbers of NODs and the % number and then would expect to see roughly that many closed REO sales down the line.
I need to look at the data more tonite but can you see what I am trying to rough out? Yes there may be sloppiness in an agent not putting in the string I am looking for and such and I need to reread the other entries more closely.
It just is gnawing at me and I want to figure out the difference.
I hate it when I cannot explain the data….
ParticipantHi Rich –
I think ultimately what I am trying to get to is the true number of bank owned properties that are being sold. Using the MLS as my database I realize that is a very poor vehicle to gain insight but it is all I have for the limited time I have to look into things. Just to note I did my numbers based on all San Diego county so that should smooth out regional disparities in the county.
I know that yes agents are sloppy or lazy but REO or bank owned properties are usually indicated. I would argue only a small sample are not.
I do better understand your analysis is from a NOD/NOT perspective. Also what bolsters your thoughts/numbers further are distressed sales from those who are not even NODDED or NOTTED yet. Also per esmiths input I would agree that REO sales should lookback much farther then the 3-4 months time. His numbers are dead on there.
I guess what I am really trying to find is the correlation of the number of foreclosures reported by foreclosureforum.com to the number of closed reo sales I see on the MLS. So if I look at the NOD numbers in 2007 and then the % that went to foreclosure, I should be seeing about 500 closings per month that would be REOs. This is a generously low number given the lagtime of the pipeline. That is I looked at the early spring numbers of NODs and the % number and then would expect to see roughly that many closed REO sales down the line.
I need to look at the data more tonite but can you see what I am trying to rough out? Yes there may be sloppiness in an agent not putting in the string I am looking for and such and I need to reread the other entries more closely.
It just is gnawing at me and I want to figure out the difference.
I hate it when I cannot explain the data….
ParticipantHi Rich –
I think ultimately what I am trying to get to is the true number of bank owned properties that are being sold. Using the MLS as my database I realize that is a very poor vehicle to gain insight but it is all I have for the limited time I have to look into things. Just to note I did my numbers based on all San Diego county so that should smooth out regional disparities in the county.
I know that yes agents are sloppy or lazy but REO or bank owned properties are usually indicated. I would argue only a small sample are not.
I do better understand your analysis is from a NOD/NOT perspective. Also what bolsters your thoughts/numbers further are distressed sales from those who are not even NODDED or NOTTED yet. Also per esmiths input I would agree that REO sales should lookback much farther then the 3-4 months time. His numbers are dead on there.
I guess what I am really trying to find is the correlation of the number of foreclosures reported by foreclosureforum.com to the number of closed reo sales I see on the MLS. So if I look at the NOD numbers in 2007 and then the % that went to foreclosure, I should be seeing about 500 closings per month that would be REOs. This is a generously low number given the lagtime of the pipeline. That is I looked at the early spring numbers of NODs and the % number and then would expect to see roughly that many closed REO sales down the line.
I need to look at the data more tonite but can you see what I am trying to rough out? Yes there may be sloppiness in an agent not putting in the string I am looking for and such and I need to reread the other entries more closely.
It just is gnawing at me and I want to figure out the difference.
I hate it when I cannot explain the data….
ParticipantHi Rich –
I think ultimately what I am trying to get to is the true number of bank owned properties that are being sold. Using the MLS as my database I realize that is a very poor vehicle to gain insight but it is all I have for the limited time I have to look into things. Just to note I did my numbers based on all San Diego county so that should smooth out regional disparities in the county.
I know that yes agents are sloppy or lazy but REO or bank owned properties are usually indicated. I would argue only a small sample are not.
I do better understand your analysis is from a NOD/NOT perspective. Also what bolsters your thoughts/numbers further are distressed sales from those who are not even NODDED or NOTTED yet. Also per esmiths input I would agree that REO sales should lookback much farther then the 3-4 months time. His numbers are dead on there.
I guess what I am really trying to find is the correlation of the number of foreclosures reported by foreclosureforum.com to the number of closed reo sales I see on the MLS. So if I look at the NOD numbers in 2007 and then the % that went to foreclosure, I should be seeing about 500 closings per month that would be REOs. This is a generously low number given the lagtime of the pipeline. That is I looked at the early spring numbers of NODs and the % number and then would expect to see roughly that many closed REO sales down the line.
I need to look at the data more tonite but can you see what I am trying to rough out? Yes there may be sloppiness in an agent not putting in the string I am looking for and such and I need to reread the other entries more closely.
It just is gnawing at me and I want to figure out the difference.
I hate it when I cannot explain the data….
ParticipantHi Rich –
I think ultimately what I am trying to get to is the true number of bank owned properties that are being sold. Using the MLS as my database I realize that is a very poor vehicle to gain insight but it is all I have for the limited time I have to look into things. Just to note I did my numbers based on all San Diego county so that should smooth out regional disparities in the county.
I know that yes agents are sloppy or lazy but REO or bank owned properties are usually indicated. I would argue only a small sample are not.
I do better understand your analysis is from a NOD/NOT perspective. Also what bolsters your thoughts/numbers further are distressed sales from those who are not even NODDED or NOTTED yet. Also per esmiths input I would agree that REO sales should lookback much farther then the 3-4 months time. His numbers are dead on there.
I guess what I am really trying to find is the correlation of the number of foreclosures reported by foreclosureforum.com to the number of closed reo sales I see on the MLS. So if I look at the NOD numbers in 2007 and then the % that went to foreclosure, I should be seeing about 500 closings per month that would be REOs. This is a generously low number given the lagtime of the pipeline. That is I looked at the early spring numbers of NODs and the % number and then would expect to see roughly that many closed REO sales down the line.
I need to look at the data more tonite but can you see what I am trying to rough out? Yes there may be sloppiness in an agent not putting in the string I am looking for and such and I need to reread the other entries more closely.
It just is gnawing at me and I want to figure out the difference.
I hate it when I cannot explain the data….
ParticipantGuys these are good explanations and may indeed help me shore up the data which was really the intent of the post. Late tonite, as that is when I am pretty much confined to longer postings, is when I will look into it. Hopefully more people can throw some ideas into the mix.
SD Realtor
ParticipantGuys these are good explanations and may indeed help me shore up the data which was really the intent of the post. Late tonite, as that is when I am pretty much confined to longer postings, is when I will look into it. Hopefully more people can throw some ideas into the mix.
SD Realtor
ParticipantGuys these are good explanations and may indeed help me shore up the data which was really the intent of the post. Late tonite, as that is when I am pretty much confined to longer postings, is when I will look into it. Hopefully more people can throw some ideas into the mix.
SD Realtor
ParticipantGuys these are good explanations and may indeed help me shore up the data which was really the intent of the post. Late tonite, as that is when I am pretty much confined to longer postings, is when I will look into it. Hopefully more people can throw some ideas into the mix.
SD Realtor
ParticipantGuys these are good explanations and may indeed help me shore up the data which was really the intent of the post. Late tonite, as that is when I am pretty much confined to longer postings, is when I will look into it. Hopefully more people can throw some ideas into the mix.
SD Realtor
ParticipantHi Amy –
Yes I do have a client who has listed the home for sale in Balearus. It makes me kind of uncomfortable to push a listing I have on this post and I try not to do that. I don’t mind talking about listings I have or experiences I have with buyers and stuff for helping people and giving out examples. If you would like to find out more information on the home give me a shout at [email protected].
As far as the community goes, Balearus is very nice. As you most likely know it is a gated community. I would agree with you on the prices of the resales. I think there are one or two homes left from the builder, not sure which floorplans. Yeah I believe there is only one foreclosure. Also to get an ocean view you have to be high on the hill.
Finally it is very important to check on the school district. Make no mistake I am not a school district expert there so it is important to check which schools the kids would go to for residents in Balearas.
SD Realtor
ParticipantHi Amy –
Yes I do have a client who has listed the home for sale in Balearus. It makes me kind of uncomfortable to push a listing I have on this post and I try not to do that. I don’t mind talking about listings I have or experiences I have with buyers and stuff for helping people and giving out examples. If you would like to find out more information on the home give me a shout at [email protected].
As far as the community goes, Balearus is very nice. As you most likely know it is a gated community. I would agree with you on the prices of the resales. I think there are one or two homes left from the builder, not sure which floorplans. Yeah I believe there is only one foreclosure. Also to get an ocean view you have to be high on the hill.
Finally it is very important to check on the school district. Make no mistake I am not a school district expert there so it is important to check which schools the kids would go to for residents in Balearas.
SD Realtor
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