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July 24, 2007 at 2:51 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #67423
sdrealtor
Participantcy,
Are you thinking 3 to 5% real or nominal?July 24, 2007 at 2:51 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #67488Participantcy,
Are you thinking 3 to 5% real or nominal?ParticipantI just got back from South Florida and the number of uber high rise buildings near the beaches strech for many many miles. These buildings are all much larger than what we see in SD and far more numerous.
While I am hesitant to compare the two, I think it’s a bit naive to say there is no way they could ever fill all of what they are building downtown. Of course they need to get prices back in line, but I’m pretty sure they could sell all they are building and more once they do.
ParticipantI just got back from South Florida and the number of uber high rise buildings near the beaches strech for many many miles. These buildings are all much larger than what we see in SD and far more numerous.
While I am hesitant to compare the two, I think it’s a bit naive to say there is no way they could ever fill all of what they are building downtown. Of course they need to get prices back in line, but I’m pretty sure they could sell all they are building and more once they do.
ParticipantYeeehhhaaawwww!!!
ParticipantYeeehhhaaawwww!!!
ParticipantUpdate time!
We are back on track for regular reporting. Please note that this weeks report only considers about 4 days as last weeks numbers were gathered a few days late.
Short sales 3,231 up from 3,180.
Countywide we are at 18,955 up from 18,884 last week. Will this be the peak this year as it was last year? Stay tuned…..
hff,
I would suspect your Realtor friend is full of sh*t! I don’t think ti si possible to calculate that number with any sense of accuracy.ParticipantUpdate time!
We are back on track for regular reporting. Please note that this weeks report only considers about 4 days as last weeks numbers were gathered a few days late.
Short sales 3,231 up from 3,180.
Countywide we are at 18,955 up from 18,884 last week. Will this be the peak this year as it was last year? Stay tuned…..
hff,
I would suspect your Realtor friend is full of sh*t! I don’t think ti si possible to calculate that number with any sense of accuracy.July 23, 2007 at 2:05 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #67216ParticipantNot that there is any guarantee it will happen again but the big publically traded builders tend to try to dump standing inventory in September and October to make sure that annual report looks good at the end of year. From what I have seen the last 2 years, the best deals and houses were actually in September as most of the good inventory was gone by mid-October. If they havent been able get rid of what they had you should have lots of leverage in early November. By Thanksgiving it’s too late as you will have a tough time closing by 12/31 and the houses become next years problem.
Once next year roles around hope Spring’s eternal again!
JMHOJuly 23, 2007 at 2:05 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #67280ParticipantNot that there is any guarantee it will happen again but the big publically traded builders tend to try to dump standing inventory in September and October to make sure that annual report looks good at the end of year. From what I have seen the last 2 years, the best deals and houses were actually in September as most of the good inventory was gone by mid-October. If they havent been able get rid of what they had you should have lots of leverage in early November. By Thanksgiving it’s too late as you will have a tough time closing by 12/31 and the houses become next years problem.
Once next year roles around hope Spring’s eternal again!
JMHOParticipantI guess I just dont see this as a major issue. The actual numbers are pretty meaningless and I dont think people say “Omigosh, the days on market just went down so I better hurry up and buy!” MLS data will always be troublesome because it is self reported and that causes delays, inconsistencies and errors.
The problems today with the numbers existed last month and last year for that matter. The relevant point is that days on market went down and it probably did due to seasonality. here come’s a groundbreaking prediction and you heard it here first. Days on market will increase through the Fall.
ParticipantI guess I just dont see this as a major issue. The actual numbers are pretty meaningless and I dont think people say “Omigosh, the days on market just went down so I better hurry up and buy!” MLS data will always be troublesome because it is self reported and that causes delays, inconsistencies and errors.
The problems today with the numbers existed last month and last year for that matter. The relevant point is that days on market went down and it probably did due to seasonality. here come’s a groundbreaking prediction and you heard it here first. Days on market will increase through the Fall.
ParticipantThats a great plan. I hope you all have your hindsight glasses on.
ParticipantThats a great plan. I hope you all have your hindsight glasses on.
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