Sunday, November 30, 2008

Inventory charts


Anonymous said...

is there a way to separate the <3 million into SFR and condos? I think those would tell very different stories.

Anonymous said...

clearly we have reached the bottom of the correction.


Westside Bubble said...

Anon 6:15, I've only been tracking SFRs, and everything in the charts is SFRs.

(You'll also find my counts may not match others'. I start with SFRs you find in, omit duplicates and Santa Monica Canyon, and add back listings still active outside TheMLS.)

tbgpalisades said...

Ok, here's one of my favorites in PP.

614 Swarthmore...sold May 7, 2007 for $1,520K. Watched some minor rennovation take place, now listed for $1,495K. How low will this one have to go?

I was assured by "those in the know" that it was a can't lose situation in '07. I quietly filed that away, no sense losing some friends. Just shows how late delusional thinking hung on here.

Whoever's selling is smart though, trying to get out now and not in another year or so. Hopefully they'll get lucky and find that greater fool. Fortunately, most of the recent buyers can afford several hundred thousands of losses - just taking away some earlier gains from prior homes, not earned income.

Also, anecdotally, rentals seem to sprouting up everywhere, and just setting as well.