[sdrealtor]

Nice work Artifact. To answer your question, Some REO’s have always been included in the short sale count as many are listed with the text “Not a Short Sale” in the description. My search looks for the number of times the words “Short” and “Sale” appear side by side. As I’ve said many times, it is far from perfect. My intent was never to measure what cant be measured accurately without going through every single MLS listing but rather to gauge the velocity of the change in the distress sale marketplace relative to the overall marketplace. I believe this thread has and will continue to do that.

Not perfectly, but still usefull.

[sdrealtor]

Nice work Artifact. To answer your question, Some REO’s have always been included in the short sale count as many are listed with the text “Not a Short Sale” in the description. My search looks for the number of times the words “Short” and “Sale” appear side by side. As I’ve said many times, it is far from perfect. My intent was never to measure what cant be measured accurately without going through every single MLS listing but rather to gauge the velocity of the change in the distress sale marketplace relative to the overall marketplace. I believe this thread has and will continue to do that.

Not perfectly, but still usefull.

[sdrealtor]

Update time!

My, oh my have we had an active forum of late. I had to go to page 5 on the Housing Forum to retrieve this post. Sorry for my lack of posting lately but I’ve been real busy with other more important stuff.

Here’s the update:

Countywide we are at 19,170 up from 18,955 last week and the first real increase in a while. Last week I opined that we had hit peak inventory. I was wrong. I also opined last week that for inventory to increase now would need a big uptrend in distress sales. I think that I was wrong there too. My guess is that we saw some panicsellers enter the market based upon last weeks credit news. It’s just MHO and we all know what thats worth.

Speaking of which, Short sales 3,626 up from 3,469 last week. Still no end in sight here.

Welcome back Artifact. Looks like we woke up around the same time today.

[sdrealtor]

Update time!

My, oh my have we had an active forum of late. I had to go to page 5 on the Housing Forum to retrieve this post. Sorry for my lack of posting lately but I’ve been real busy with other more important stuff.

Here’s the update:

Countywide we are at 19,170 up from 18,955 last week and the first real increase in a while. Last week I opined that we had hit peak inventory. I was wrong. I also opined last week that for inventory to increase now would need a big uptrend in distress sales. I think that I was wrong there too. My guess is that we saw some panicsellers enter the market based upon last weeks credit news. It’s just MHO and we all know what thats worth.

Speaking of which, Short sales 3,626 up from 3,469 last week. Still no end in sight here.

Welcome back Artifact. Looks like we woke up around the same time today.

[sdrealtor]

Update time!

My, oh my have we had an active forum of late. I had to go to page 5 on the Housing Forum to retrieve this post. Sorry for my lack of posting lately but I’ve been real busy with other more important stuff.

Here’s the update:

Countywide we are at 19,170 up from 18,955 last week and the first real increase in a while. Last week I opined that we had hit peak inventory. I was wrong. I also opined last week that for inventory to increase now would need a big uptrend in distress sales. I think that I was wrong there too. My guess is that we saw some panicsellers enter the market based upon last weeks credit news. It’s just MHO and we all know what thats worth.

Speaking of which, Short sales 3,626 up from 3,469 last week. Still no end in sight here.

Welcome back Artifact. Looks like we woke up around the same time today.

[sdrealtor]

rotflmao

[sdrealtor]

rotflmao

[sdrealtor]

rotflmao

[sdrealtor]

R,
You would think so. If you’ve been on the market and havent seen an offer yet, a sense of urgency should be creeping up your spine in the next month or two. By mid to late November lots of folks will give up for the holidays and right or wrong hope for better times come Spring.

sdr

[sdrealtor]

R,
You would think so. If you’ve been on the market and havent seen an offer yet, a sense of urgency should be creeping up your spine in the next month or two. By mid to late November lots of folks will give up for the holidays and right or wrong hope for better times come Spring.

sdr

[sdrealtor]

R,
You would think so. If you’ve been on the market and havent seen an offer yet, a sense of urgency should be creeping up your spine in the next month or two. By mid to late November lots of folks will give up for the holidays and right or wrong hope for better times come Spring.

sdr

[sdrealtor]

I expected the market to start its next leg down in Mid-August once the peak selling season ended. The events of the last 2 weeks only add the downward pressures on the market. Looking at this my mind tells me we should start a quicker decline but experience with the stickiness fo prices says otherwise. Anything could happen but for now I am sticking with my prediction from January which was 5 to 10% decline this year will essentially all of it coming between August 15th and November 30th.

[sdrealtor]

I expected the market to start its next leg down in Mid-August once the peak selling season ended. The events of the last 2 weeks only add the downward pressures on the market. Looking at this my mind tells me we should start a quicker decline but experience with the stickiness fo prices says otherwise. Anything could happen but for now I am sticking with my prediction from January which was 5 to 10% decline this year will essentially all of it coming between August 15th and November 30th.

[sdrealtor]

I expected the market to start its next leg down in Mid-August once the peak selling season ended. The events of the last 2 weeks only add the downward pressures on the market. Looking at this my mind tells me we should start a quicker decline but experience with the stickiness fo prices says otherwise. Anything could happen but for now I am sticking with my prediction from January which was 5 to 10% decline this year will essentially all of it coming between August 15th and November 30th.

[sdrealtor]

FWIW
1 story homes always sell at a premium. In my experience you can add 10 to 20% to the sq ftage of a 1 story to get a comparablely priced 2 story.

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