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sdrealtor
ParticipantBTW, I dont like CV and would never live there myself.
sdrealtor
ParticipantBTW, I dont like CV and would never live there myself.
sdrealtor
ParticipantI love their product, at least what they have been building in SD county for the last 30 years.
sdrealtor
ParticipantI love their product, at least what they have been building in SD county for the last 30 years.
sdrealtor
ParticipantStan,
Agents/Sellers are always fiddling with prices. Given the time of year this is when you’d expect people to adjust their expectations. The truth is its not the quantity of reductions but rather the size of them. I review a hot sheet everyday and when i’m scanning I try to find big price drops. The housing market doesnt move in unison and its about finding one or two good deals at any given time. Finding the person who is truly motivated to sell and willing to step out of line. Or better yet finding someone who made a big mistake in pricing when no one else is looking.To your point, prices are working their way downward.
sdrealtor
ParticipantPardon me, I was drinking last nite.
sdrealtor
ParticipantStan,
I dont think a 4 : 1 ratio of price changes to new listings is unusual. In fact I think it is a good sign from a market stability point. It indicates relatively fewer new listings coming online while sellers of homes on the market are taking steps to find what the current fair market value of their house is.sdrealtor
ParticipantNo Problem,
8/14/06 active were 298
10/3/06 active were 2668/13/07 active were 143
10/1/07 active were 147Now you see I wasnt kidding when I was saying CV was on fire in May and June. Inventory is half what it was a year while pendings are fairly flat. Thats a pretty F$%^&*kin strong market compared to Jamul.
sdrealtor
ParticipantThat’s a joke? Isn’t it?
October 5, 2007 at 8:35 PM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #87135sdrealtor
ParticipantEasy to explain. These are all penthouse units and the higher prices were nearly twice as large 2500 sq ft vs 1300 sq ft
sdrealtor
ParticipantJust went back and checked my historical data. I started following CV on 8/14/06, so I dont have data going back as far as I do in So Carlsbad and Encinitas.
Here are the CV numbers:
8/14/06 pendings were 45
10/3/06 pendings were 39A drop of 13.33%
Here are this years numbers for CV:
8/13/07 pendings were 48
10/1/07 pendings were 36A drop of 25%
While the drop off is nearly double percentagewise the numbers still look pretty good Y-O-Y.
sdrealtor
ParticipantIs there a jacuzzi out back? I know someone thats looking for one;)
October 5, 2007 at 8:47 AM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #87054sdrealtor
ParticipantBS,
I’d agree to a point. One case does not make a trend…….YET. When we see more cases, it will.sdrealtor
Participantpatience grasshopah! It’s coming……
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