Monday, March 03, 2008

February Statistics

I've decided to do the monthly statistics a little differently. From now on, I'll also post stats on the preceding month's sales and how they compared to the same month a year ago. Enjoy!



10 comments :

Max said...

Interesting. It looks like the $/sqft for houses sold is around 11% lower than the average asking $/sqft. However, the median sales price is ~ 7% higher than the median asking. Translation: buyers are skewing more toward larger houses rather than lower prices, especially when you factor in the 10% drop in SP vs LP.

Santa Fe Properties said...

I like the idea of showing how the current data stacks up against the data from 07. Keep it up!

Gwynster said...

I like this Agent, it gives a nice context to what you are looking at. Hopefully this is also easier for you to compile.

AgentBubble said...

Yeah, it's pretty easy. I like it a lot better as well. Much easier to get a bigger picture this way.

Patient Renter said...

Looks good. Massive changes in the sales prices... just amazing stuff.

Sippn said...

Lots of action in the REOs - typically below the median price.

AgentBubble said...

Ah, that's one stat I forgot to report on...I'll post the stats showing what % of sales were for REOs and short sales...I'm guessing around 70%.

Wadin' In said...

"....buyers are skewing more toward larger houses rather than lower prices, especially when you factor in the 10% drop in SP vs LP..."

That is exactly what I did. I bought 3100 SF recently for less money than an 1800 SF house I considered buying in 2005...before I got bubble religion!

Sippn said...

AB - I heard REO was pushing 70% but now dropping to 50%, likely take awhile to show up in closings.

These kinds of stats will move the median down rapidly - that doesn't mean that typical home prices are moving as rapidly, it means there's more action at the low end. (note that Zillow recorded 1-2 years of 100% appreciation in some zip codes because of the opposite effect when it was hot)

AgentBubble said...

At present, there are 3,636 pending sales. Of those 2,452 are REOs or short sales.