[sdrealtor]

Time to update everyone’s favorite bellweather and to clean up a messy thread. I double posted the same date so my last update on 8/3 which reads 7/19 to 7/25 was actually 7/26 to 8/1. lets see if we cant do better keeping this all straight.

8/2 to 8/8

new listings – 14
back on market – 4

Total growth in inventory – 18

pendings – 8
expired – 2
withdrawn – 1
cancelled – 5

Total decrease in inventory – 16

Net change in inventory – plus 2

Looks like the beginning of change in the market with 14 new and 4 fallouts against 8 new pendings.

[sdrealtor]

Time to update everyone’s favorite bellweather and to clean up a messy thread. I double posted the same date so my last update on 8/3 which reads 7/19 to 7/25 was actually 7/26 to 8/1. lets see if we cant do better keeping this all straight.

8/2 to 8/8

new listings – 14
back on market – 4

Total growth in inventory – 18

pendings – 8
expired – 2
withdrawn – 1
cancelled – 5

Total decrease in inventory – 16

Net change in inventory – plus 2

Looks like the beginning of change in the market with 14 new and 4 fallouts against 8 new pendings.

[sdrealtor]

SD R,
FWIW that guy is whacked! A colleague of mine wrote him a great offer and he countered back above his asking at 515K.

Hope he has a good plan b

sdr

[sdrealtor]

SD R,
FWIW that guy is whacked! A colleague of mine wrote him a great offer and he countered back above his asking at 515K.

Hope he has a good plan b

sdr

[sdrealtor]

SD R,
FWIW that guy is whacked! A colleague of mine wrote him a great offer and he countered back above his asking at 515K.

Hope he has a good plan b

sdr

[sdrealtor]

I wish I knew. My best guess would be a frozen market. Sellers in denial hoping it gets better in Spring, buyers very sparce, lenders gradually giving in etc. The real recognition wouldnt occur for close to a year form now. People dont like change and move slow. Greed is motivating while fear is immobilizing. Give it time grasshoppah!

[sdrealtor]

I wish I knew. My best guess would be a frozen market. Sellers in denial hoping it gets better in Spring, buyers very sparce, lenders gradually giving in etc. The real recognition wouldnt occur for close to a year form now. People dont like change and move slow. Greed is motivating while fear is immobilizing. Give it time grasshoppah!

[sdrealtor]

I wish I knew. My best guess would be a frozen market. Sellers in denial hoping it gets better in Spring, buyers very sparce, lenders gradually giving in etc. The real recognition wouldnt occur for close to a year form now. People dont like change and move slow. Greed is motivating while fear is immobilizing. Give it time grasshoppah!

[sdrealtor]

W/O agonizing over your numbers I see two very clear points. Actives have been relatively stable to slightly up which I interpret to mean people are reluctant to list in this market combined with fallouts of previous escrows. Pendings are down in every ZIP in the middle of the month. No interpretation needed on that one.

[sdrealtor]

W/O agonizing over your numbers I see two very clear points. Actives have been relatively stable to slightly up which I interpret to mean people are reluctant to list in this market combined with fallouts of previous escrows. Pendings are down in every ZIP in the middle of the month. No interpretation needed on that one.

[sdrealtor]

W/O agonizing over your numbers I see two very clear points. Actives have been relatively stable to slightly up which I interpret to mean people are reluctant to list in this market combined with fallouts of previous escrows. Pendings are down in every ZIP in the middle of the month. No interpretation needed on that one.

[sdrealtor]

Good point R,
I chose my words poorly. What I should have said was I know the relative value of my house very well and that is what I base many of my opinions on. I know what it took to carry it when i bought it and what it would take to carry it through early 2003 as I still had a very good idea of what it was like to be a corporate worker bee. By 2003 prices lost all semblance of a basis on reality and what people actually earned. After several years away from that world, my frame of reference is not nearly as sharp as it was. I know houses like mine were expensive yet within reach of professionals with traditional financing in early 2003.

I believe it will fare better than most and will be a relative bright spot value wise. I think it will be far worse in many other areas and I just lack a proper frame of reference to hypothesize on those areas with any level of comfort.

Sometimes I shoot before I aim.

BTW, I dont really care about mine either as I never intend to sell it.

sdr

[sdrealtor]

Good point R,
I chose my words poorly. What I should have said was I know the relative value of my house very well and that is what I base many of my opinions on. I know what it took to carry it when i bought it and what it would take to carry it through early 2003 as I still had a very good idea of what it was like to be a corporate worker bee. By 2003 prices lost all semblance of a basis on reality and what people actually earned. After several years away from that world, my frame of reference is not nearly as sharp as it was. I know houses like mine were expensive yet within reach of professionals with traditional financing in early 2003.

I believe it will fare better than most and will be a relative bright spot value wise. I think it will be far worse in many other areas and I just lack a proper frame of reference to hypothesize on those areas with any level of comfort.

Sometimes I shoot before I aim.

BTW, I dont really care about mine either as I never intend to sell it.

sdr

[sdrealtor]

Good point R,
I chose my words poorly. What I should have said was I know the relative value of my house very well and that is what I base many of my opinions on. I know what it took to carry it when i bought it and what it would take to carry it through early 2003 as I still had a very good idea of what it was like to be a corporate worker bee. By 2003 prices lost all semblance of a basis on reality and what people actually earned. After several years away from that world, my frame of reference is not nearly as sharp as it was. I know houses like mine were expensive yet within reach of professionals with traditional financing in early 2003.

I believe it will fare better than most and will be a relative bright spot value wise. I think it will be far worse in many other areas and I just lack a proper frame of reference to hypothesize on those areas with any level of comfort.

Sometimes I shoot before I aim.

BTW, I dont really care about mine either as I never intend to sell it.

sdr

[sdrealtor]

vrud,
Great post. I had the same situation multiple time sin my career. At one point I was the top producer at a software start-up and watched one nitwit after another get a salary 50% above my own. I’m talking real nitiwts who never produced anything. from that point on I learned it was how you gamed the system and how much you were willing to ask for which determined what you got. What you are actually worth made very little difference.

[Author]

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