Monday, June 11, 2007

Sacramento Regional Real Estate Trends for June 9, 2007

I was going to do a nice write-up when I got home tonight, but since OC Renter scooped me, I'll just drop the graphs in. The data is already three days old anyway. :)

I think I need another week off!

Edit: The price increase for Sacramento is due to a single $30,000,000 listing for a 4,000 sqft house on 100 acres of land. I will filter this out for next week.







7 comments :

Sippn said...

You better start whippin' that trend line if you're gonna make a record!

Max said...

Yeah, it's starting to flatten out. 16,801 is only 4.4% higher than last year at this time (16,099).

Time will tell! :)

Sippn said...

BTW, I'm thinking news10 took your 20% stat and twisted it pretty good.... like an intern should.

Max said...

I know News 10 reads the blog, but even they couldn't have misinterpreted the data that badly. Who confuses "20% of listings" with "20% of mortgages"?

Bubble Sitter said...

Max, when you post Flippers in Trouble (FITs), don't you define them as having purchased in the last 24 months and are selling for less than they paid? Does a FIT fall off the list if the purchase date was 25 or more months ago, as time moves forward?

Real said...

Yeah, it's starting to flatten out. 16,801 is only 4.4% higher than last year at this time

Wow, from 20%+ YoY increases to just 4.4% over the last couple of months - it would take one smart man with giant brass balls to go out on a limb and predict this trend over the last couple of months...

Patient Renter said...

Don't forget about the unlisted bank owned homes, which we know from Countrywide's own data, there are many of. This is a ton of inventory waiting to happen.