[temeculaguy]

I ran your comps, I wish you luck but I am going to make my guess at 225K. Your zestimate is 197-250, but that’s not where my opinion comes from. This goes back for one year of sales withing one mile of your house and i only included 2000-3000 sq ft since yours falls in the middle. They are in order of sq ft.

Here is a legend for the following data

address
sales price/sales date/ br/ba
sq ft/ lot size/ year built/ price per sq ft

1301 Brookhaven Blvd
$135,000 12/20/07 3 2.5 2,050 12,715 1963 $97

4214 Briarcrest Dr
$180,000 08/31/07 4 3 2,248 11,875 1973 $80

1508 Barwick Dr
$205,000 12/04/07 3 2.5 2,300 10,823 1969 $89

4209 Briarcrest Dr
$160,000 11/19/07 4 3 2,304 11,875 1973 $69

4307 Briarcrest Dr
$203,000 08/28/07 4 4 2,326 11,875 1973 $87

Burlington Pl
$180,000 10/15/07 4 2 2,416 12,180 1969 $74

1912 Guilford Ct
$297,500 01/10/08 4 3 2,475 20,473 1993 $120

4102 Northhampton Dr
$245,000 05/23/08 5 3.5 2,848 15,521 1979 $86

As you can see, only one house sold for more than $100 a square and it had a lot twice the average size and the size of yours (and it was 8 months ago). None of these are listed or had photos but this is how you figure comps, on sales price, not listed price. Some probably were not great inside but I can’t imagine every 2-3k sq ft home within a mile of you sold in the last year was thrashed, some had to be nice, yet only 1 got more than 100 a square.

I hope you get what you are asking but if it sits another few months, take a look at houses within a mile, from a buyers perspective. I did and I found some nice ones for less or some for the same price that were very impressive. This one looks just a few hundred yards away, about three streets over. I tried to look within walking distance or in the same school zone and I found some stiff competition. Heres an example.

http://www.zillow.com/HomeDetails.htm?zprop=2145462712

Bigger, newer, you get a 1000 sq ft workshop and a creek, you might also get flooding but how cool is it to get your own creek.

Good luck, I’m not trying to knock you, just offer an opinion from an outsider’s perspective who has no emotional or financial investment in your house.

[temeculaguy]

I ran your comps, I wish you luck but I am going to make my guess at 225K. Your zestimate is 197-250, but that’s not where my opinion comes from. This goes back for one year of sales withing one mile of your house and i only included 2000-3000 sq ft since yours falls in the middle. They are in order of sq ft.

Here is a legend for the following data

address
sales price/sales date/ br/ba
sq ft/ lot size/ year built/ price per sq ft

1301 Brookhaven Blvd
$135,000 12/20/07 3 2.5 2,050 12,715 1963 $97

4214 Briarcrest Dr
$180,000 08/31/07 4 3 2,248 11,875 1973 $80

1508 Barwick Dr
$205,000 12/04/07 3 2.5 2,300 10,823 1969 $89

4209 Briarcrest Dr
$160,000 11/19/07 4 3 2,304 11,875 1973 $69

4307 Briarcrest Dr
$203,000 08/28/07 4 4 2,326 11,875 1973 $87

Burlington Pl
$180,000 10/15/07 4 2 2,416 12,180 1969 $74

1912 Guilford Ct
$297,500 01/10/08 4 3 2,475 20,473 1993 $120

4102 Northhampton Dr
$245,000 05/23/08 5 3.5 2,848 15,521 1979 $86

As you can see, only one house sold for more than $100 a square and it had a lot twice the average size and the size of yours (and it was 8 months ago). None of these are listed or had photos but this is how you figure comps, on sales price, not listed price. Some probably were not great inside but I can’t imagine every 2-3k sq ft home within a mile of you sold in the last year was thrashed, some had to be nice, yet only 1 got more than 100 a square.

I hope you get what you are asking but if it sits another few months, take a look at houses within a mile, from a buyers perspective. I did and I found some nice ones for less or some for the same price that were very impressive. This one looks just a few hundred yards away, about three streets over. I tried to look within walking distance or in the same school zone and I found some stiff competition. Heres an example.

http://www.zillow.com/HomeDetails.htm?zprop=2145462712

Bigger, newer, you get a 1000 sq ft workshop and a creek, you might also get flooding but how cool is it to get your own creek.

Good luck, I’m not trying to knock you, just offer an opinion from an outsider’s perspective who has no emotional or financial investment in your house.

[temeculaguy]

I ran your comps, I wish you luck but I am going to make my guess at 225K. Your zestimate is 197-250, but that’s not where my opinion comes from. This goes back for one year of sales withing one mile of your house and i only included 2000-3000 sq ft since yours falls in the middle. They are in order of sq ft.

Here is a legend for the following data

address
sales price/sales date/ br/ba
sq ft/ lot size/ year built/ price per sq ft

1301 Brookhaven Blvd
$135,000 12/20/07 3 2.5 2,050 12,715 1963 $97

4214 Briarcrest Dr
$180,000 08/31/07 4 3 2,248 11,875 1973 $80

1508 Barwick Dr
$205,000 12/04/07 3 2.5 2,300 10,823 1969 $89

4209 Briarcrest Dr
$160,000 11/19/07 4 3 2,304 11,875 1973 $69

4307 Briarcrest Dr
$203,000 08/28/07 4 4 2,326 11,875 1973 $87

Burlington Pl
$180,000 10/15/07 4 2 2,416 12,180 1969 $74

1912 Guilford Ct
$297,500 01/10/08 4 3 2,475 20,473 1993 $120

4102 Northhampton Dr
$245,000 05/23/08 5 3.5 2,848 15,521 1979 $86

As you can see, only one house sold for more than $100 a square and it had a lot twice the average size and the size of yours (and it was 8 months ago). None of these are listed or had photos but this is how you figure comps, on sales price, not listed price. Some probably were not great inside but I can’t imagine every 2-3k sq ft home within a mile of you sold in the last year was thrashed, some had to be nice, yet only 1 got more than 100 a square.

I hope you get what you are asking but if it sits another few months, take a look at houses within a mile, from a buyers perspective. I did and I found some nice ones for less or some for the same price that were very impressive. This one looks just a few hundred yards away, about three streets over. I tried to look within walking distance or in the same school zone and I found some stiff competition. Heres an example.

http://www.zillow.com/HomeDetails.htm?zprop=2145462712

Bigger, newer, you get a 1000 sq ft workshop and a creek, you might also get flooding but how cool is it to get your own creek.

Good luck, I’m not trying to knock you, just offer an opinion from an outsider’s perspective who has no emotional or financial investment in your house.

[temeculaguy]

I ran your comps, I wish you luck but I am going to make my guess at 225K. Your zestimate is 197-250, but that’s not where my opinion comes from. This goes back for one year of sales withing one mile of your house and i only included 2000-3000 sq ft since yours falls in the middle. They are in order of sq ft.

Here is a legend for the following data

address
sales price/sales date/ br/ba
sq ft/ lot size/ year built/ price per sq ft

1301 Brookhaven Blvd
$135,000 12/20/07 3 2.5 2,050 12,715 1963 $97

4214 Briarcrest Dr
$180,000 08/31/07 4 3 2,248 11,875 1973 $80

1508 Barwick Dr
$205,000 12/04/07 3 2.5 2,300 10,823 1969 $89

4209 Briarcrest Dr
$160,000 11/19/07 4 3 2,304 11,875 1973 $69

4307 Briarcrest Dr
$203,000 08/28/07 4 4 2,326 11,875 1973 $87

Burlington Pl
$180,000 10/15/07 4 2 2,416 12,180 1969 $74

1912 Guilford Ct
$297,500 01/10/08 4 3 2,475 20,473 1993 $120

4102 Northhampton Dr
$245,000 05/23/08 5 3.5 2,848 15,521 1979 $86

As you can see, only one house sold for more than $100 a square and it had a lot twice the average size and the size of yours (and it was 8 months ago). None of these are listed or had photos but this is how you figure comps, on sales price, not listed price. Some probably were not great inside but I can’t imagine every 2-3k sq ft home within a mile of you sold in the last year was thrashed, some had to be nice, yet only 1 got more than 100 a square.

I hope you get what you are asking but if it sits another few months, take a look at houses within a mile, from a buyers perspective. I did and I found some nice ones for less or some for the same price that were very impressive. This one looks just a few hundred yards away, about three streets over. I tried to look within walking distance or in the same school zone and I found some stiff competition. Heres an example.

http://www.zillow.com/HomeDetails.htm?zprop=2145462712

Bigger, newer, you get a 1000 sq ft workshop and a creek, you might also get flooding but how cool is it to get your own creek.

Good luck, I’m not trying to knock you, just offer an opinion from an outsider’s perspective who has no emotional or financial investment in your house.

[temeculaguy]

SD you have to admit that the overwhelming majority of these are just a ritual and not a true auction. Urbanrealtor is right, if the property was worth more than the loan, it would have sold before this stage and the pros can certainly negotiate with the bank before this stage. I have been to them in the past but not on purpose, just happen to be at the courthouse when a uniformed deputy came out to the actual steps downtown and read a script of sorts out loud, a few were gathered around, nobody bid, he walked back in. He didn’t even appear as if he was looking for bids like an auctioneer would as if he would be shocked if someone bid. I kinda laughed, I didn’t think they actually did it like that, it had a real “town crier” Ancient Rome feel to it. But a lot of court things have rituals that don’t change much, except for powdered wigs, it’s pretty much the same as it was a hundred years ago.

[temeculaguy]

SD you have to admit that the overwhelming majority of these are just a ritual and not a true auction. Urbanrealtor is right, if the property was worth more than the loan, it would have sold before this stage and the pros can certainly negotiate with the bank before this stage. I have been to them in the past but not on purpose, just happen to be at the courthouse when a uniformed deputy came out to the actual steps downtown and read a script of sorts out loud, a few were gathered around, nobody bid, he walked back in. He didn’t even appear as if he was looking for bids like an auctioneer would as if he would be shocked if someone bid. I kinda laughed, I didn’t think they actually did it like that, it had a real “town crier” Ancient Rome feel to it. But a lot of court things have rituals that don’t change much, except for powdered wigs, it’s pretty much the same as it was a hundred years ago.

[temeculaguy]

SD you have to admit that the overwhelming majority of these are just a ritual and not a true auction. Urbanrealtor is right, if the property was worth more than the loan, it would have sold before this stage and the pros can certainly negotiate with the bank before this stage. I have been to them in the past but not on purpose, just happen to be at the courthouse when a uniformed deputy came out to the actual steps downtown and read a script of sorts out loud, a few were gathered around, nobody bid, he walked back in. He didn’t even appear as if he was looking for bids like an auctioneer would as if he would be shocked if someone bid. I kinda laughed, I didn’t think they actually did it like that, it had a real “town crier” Ancient Rome feel to it. But a lot of court things have rituals that don’t change much, except for powdered wigs, it’s pretty much the same as it was a hundred years ago.

[temeculaguy]

SD you have to admit that the overwhelming majority of these are just a ritual and not a true auction. Urbanrealtor is right, if the property was worth more than the loan, it would have sold before this stage and the pros can certainly negotiate with the bank before this stage. I have been to them in the past but not on purpose, just happen to be at the courthouse when a uniformed deputy came out to the actual steps downtown and read a script of sorts out loud, a few were gathered around, nobody bid, he walked back in. He didn’t even appear as if he was looking for bids like an auctioneer would as if he would be shocked if someone bid. I kinda laughed, I didn’t think they actually did it like that, it had a real “town crier” Ancient Rome feel to it. But a lot of court things have rituals that don’t change much, except for powdered wigs, it’s pretty much the same as it was a hundred years ago.

[temeculaguy]

SD you have to admit that the overwhelming majority of these are just a ritual and not a true auction. Urbanrealtor is right, if the property was worth more than the loan, it would have sold before this stage and the pros can certainly negotiate with the bank before this stage. I have been to them in the past but not on purpose, just happen to be at the courthouse when a uniformed deputy came out to the actual steps downtown and read a script of sorts out loud, a few were gathered around, nobody bid, he walked back in. He didn’t even appear as if he was looking for bids like an auctioneer would as if he would be shocked if someone bid. I kinda laughed, I didn’t think they actually did it like that, it had a real “town crier” Ancient Rome feel to it. But a lot of court things have rituals that don’t change much, except for powdered wigs, it’s pretty much the same as it was a hundred years ago.

[temeculaguy]

The only problem is we aren’t the buyers, nor do many/any of us know the area. I did take the photo link and your place is cool, love the floor and window casings. Without knowing the neighborhoods I did find others I liked better by clicking on the link from your listing and looking at all the Norman OK listings. I’m sure location is important but I’m wondering how bad is the neighborhood for this place.

http://www.openhouseok.com/showhome.oht?&city=norman&address=1216+Mountian+Brook&st=ok

or this one with the same schools listed

http://www.openhouseok.com/showhome.oht?&city=norman&address=609+Riverwalk+Dr&st=ok

At 299 you are one of the highest ppsft, I have no clue if the others are in an undesirable part of town but I have to be honest, they are newer, have more options and are cheaper.

This bad boy is 5000 sq ft for the same 299k.

http://www.openhouseok.com/showhome.oht?&city=norman&address=2827+Walnut+Rd++%28Drastic+Price+Reduction%29&st=ok

I’m certain that location is important but is it as important, is it a very large place, can you have a significantly longer commute, is there a lake, river, forrest or something people pay to be closer to. I haven’t a clue having never been in Oklahoma, it may be a very large town as far as square miles go. Out here, prices can be affected significantly because we are a seaside desert, so the weather pattern and topography can be wildly different ten miles away, is that the case in OK?

[temeculaguy]

The only problem is we aren’t the buyers, nor do many/any of us know the area. I did take the photo link and your place is cool, love the floor and window casings. Without knowing the neighborhoods I did find others I liked better by clicking on the link from your listing and looking at all the Norman OK listings. I’m sure location is important but I’m wondering how bad is the neighborhood for this place.

http://www.openhouseok.com/showhome.oht?&city=norman&address=1216+Mountian+Brook&st=ok

or this one with the same schools listed

http://www.openhouseok.com/showhome.oht?&city=norman&address=609+Riverwalk+Dr&st=ok

At 299 you are one of the highest ppsft, I have no clue if the others are in an undesirable part of town but I have to be honest, they are newer, have more options and are cheaper.

This bad boy is 5000 sq ft for the same 299k.

http://www.openhouseok.com/showhome.oht?&city=norman&address=2827+Walnut+Rd++%28Drastic+Price+Reduction%29&st=ok

I’m certain that location is important but is it as important, is it a very large place, can you have a significantly longer commute, is there a lake, river, forrest or something people pay to be closer to. I haven’t a clue having never been in Oklahoma, it may be a very large town as far as square miles go. Out here, prices can be affected significantly because we are a seaside desert, so the weather pattern and topography can be wildly different ten miles away, is that the case in OK?

[temeculaguy]

The only problem is we aren’t the buyers, nor do many/any of us know the area. I did take the photo link and your place is cool, love the floor and window casings. Without knowing the neighborhoods I did find others I liked better by clicking on the link from your listing and looking at all the Norman OK listings. I’m sure location is important but I’m wondering how bad is the neighborhood for this place.

http://www.openhouseok.com/showhome.oht?&city=norman&address=1216+Mountian+Brook&st=ok

or this one with the same schools listed

http://www.openhouseok.com/showhome.oht?&city=norman&address=609+Riverwalk+Dr&st=ok

At 299 you are one of the highest ppsft, I have no clue if the others are in an undesirable part of town but I have to be honest, they are newer, have more options and are cheaper.

This bad boy is 5000 sq ft for the same 299k.

http://www.openhouseok.com/showhome.oht?&city=norman&address=2827+Walnut+Rd++%28Drastic+Price+Reduction%29&st=ok

I’m certain that location is important but is it as important, is it a very large place, can you have a significantly longer commute, is there a lake, river, forrest or something people pay to be closer to. I haven’t a clue having never been in Oklahoma, it may be a very large town as far as square miles go. Out here, prices can be affected significantly because we are a seaside desert, so the weather pattern and topography can be wildly different ten miles away, is that the case in OK?

[temeculaguy]

The only problem is we aren’t the buyers, nor do many/any of us know the area. I did take the photo link and your place is cool, love the floor and window casings. Without knowing the neighborhoods I did find others I liked better by clicking on the link from your listing and looking at all the Norman OK listings. I’m sure location is important but I’m wondering how bad is the neighborhood for this place.

http://www.openhouseok.com/showhome.oht?&city=norman&address=1216+Mountian+Brook&st=ok

or this one with the same schools listed

http://www.openhouseok.com/showhome.oht?&city=norman&address=609+Riverwalk+Dr&st=ok

At 299 you are one of the highest ppsft, I have no clue if the others are in an undesirable part of town but I have to be honest, they are newer, have more options and are cheaper.

This bad boy is 5000 sq ft for the same 299k.

http://www.openhouseok.com/showhome.oht?&city=norman&address=2827+Walnut+Rd++%28Drastic+Price+Reduction%29&st=ok

I’m certain that location is important but is it as important, is it a very large place, can you have a significantly longer commute, is there a lake, river, forrest or something people pay to be closer to. I haven’t a clue having never been in Oklahoma, it may be a very large town as far as square miles go. Out here, prices can be affected significantly because we are a seaside desert, so the weather pattern and topography can be wildly different ten miles away, is that the case in OK?

[temeculaguy]

The only problem is we aren’t the buyers, nor do many/any of us know the area. I did take the photo link and your place is cool, love the floor and window casings. Without knowing the neighborhoods I did find others I liked better by clicking on the link from your listing and looking at all the Norman OK listings. I’m sure location is important but I’m wondering how bad is the neighborhood for this place.

http://www.openhouseok.com/showhome.oht?&city=norman&address=1216+Mountian+Brook&st=ok

or this one with the same schools listed

http://www.openhouseok.com/showhome.oht?&city=norman&address=609+Riverwalk+Dr&st=ok

At 299 you are one of the highest ppsft, I have no clue if the others are in an undesirable part of town but I have to be honest, they are newer, have more options and are cheaper.

This bad boy is 5000 sq ft for the same 299k.

http://www.openhouseok.com/showhome.oht?&city=norman&address=2827+Walnut+Rd++%28Drastic+Price+Reduction%29&st=ok

I’m certain that location is important but is it as important, is it a very large place, can you have a significantly longer commute, is there a lake, river, forrest or something people pay to be closer to. I haven’t a clue having never been in Oklahoma, it may be a very large town as far as square miles go. Out here, prices can be affected significantly because we are a seaside desert, so the weather pattern and topography can be wildly different ten miles away, is that the case in OK?

[temeculaguy]

You may be right Cash, but I have to give Case a little benefit of the doubt. I think he is looking at greater metro markets as opposed to micro markets. He is also studying data as opposed to your field visit, so you have a slight advantage in that specific micromarket. He and Schiller have always been fundamentalists, they look a the fundamentals of income and price. Roubini and Schiff have had much more dramatic views but Case/Schiller are a little more moderate yet they called the bubble and have spent their careers tracking it in broad terms.

The point of my support and comment was that karl may see normalcy but he doesn’t see it where we live,so the headline is misleading. If someone thinks things will be fine unless you live in California, then what should we Californians take from that…..that we are not fine, were heading there in a handbasket, that’s what i took from his interview.

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