Ok, Inventory is way down. Everywhere I've been tracking. Heck Phoenix is below 40,000 (I lack detailed historical data as OCRenter used to have great data before that blog went private, so I didn't bother to track it.) Remember when it was 64,815 in Phoenix? 3/26/2008 is the peak I recorded. But there might be a day when it was fractionally higher. Today Phoenix is at 37,828!
Palm Beach (which by Ziprealty includes areas too far away to really be palm beach, but I was lazy and just used their inventory) peaked at 132,636 on 2/28/2008 (which was estimated to be a multi-year inventory at the time). Now its at 90,478. So Palm Beach county is still in deep chit.
Do note my south Bay LA only includes Torrance, Redondo Beach, RPV, PVE, Rolling Hills, and Rolling Hills estates. Yes I realize Hermosa and Manhattan beach would be among the high end areas... but I skipped to only tracking where I wish to consider buying.
Oh, I've been recording data since 11/9/2006 just for the record.
So in celibration of the Bear chit (California IOUs), I bring inventory graphs!
23 comments:
I suppose shadow inventory is hard to estimate. It still is a factor.
Likely people who could "get out" in 2008 now have fewer choices with prices down 20%.
Inventory is still at high levels in and around Santa Monica, per my new charts for the end of 1H 2009. A little down from record levels earlier this spring, but still high.
Per OCRenter, you can write him (ocrenter at gmail) for access to his blog. Although it's gone pretty quiet lately.
Likely people who could "get out" in 2008 now have fewer choices with prices down 20%.
So true.
I see a huge amount of shadow inventory. Quite a number of homes are 'for sale' but not in the MLS (thus not counted).
Thanks Westside, I'll e-mail him. While it might be quite, I can at least update a few graphs. :)
This weekend's parties were... surreal. We went to three (one on Friday, Saturday, and Sunday). At every one, at least one guest was really bummed due to layoff/lack of work. At least one person was doing *really* well. (For two I know them well enough to know they were not lying.) Everyone is worried.
All of the dentists commented that their business is down for routine work, but they're making it up in 'emergency work.' (This happens every major recession.)
There is more. The upper middle class is getting hit. I also think that the well to do are getting hit hard too.
There was more, but I'll blog it once I do a little more background research (I do not want to make assumptions).
But everyone knew someone who had been laid off...
Got Popcorn?
Neil
I liked what you had to say on your site. And learnt alot from it. Thanks again.Lease Extension
Great Post! I love to read blog that are informative and beneficial in nature.("Please feel free to comment. Your ideas are encouraged and welcome.") Real estate is the best busness. And more lurne about the blog.Thank You for sharing your knowledge.
Houses for Sale in Manchester
good information!
Excellent post from someone with an endepth knowledge of the real estate market.
Wayne Nunn
Richmond Real Estate
Property for sale in Marbella has decreased in finished sales from 2010 to mid 2011 with almost 23%. The outstanding properties for sale is not showing to much of weakening meaning their is still a large stock of unsold properties in Spain that are looking for a buyer.
Maybe the decrease of taxes involved when buying a home 7-8% transfer tax would help moving the properties fors ale into new hands.
Thank you for more information www.realestatefordummiesupdatedinformation official.com
Thank you !! this is a best place for getting information regarding property.
For best option please visit us http://jaypeegreens-noida.in/
informative posts
It's a really good project . . .
for more info:- Orris Greenbay Golf Village
Job well done guys, quality information. the interlace
just wanted to point out that the comments on here are awful. You might want to clean these up at some point so casual browsers like me can actually have a conversation.updating your blog with more information? It is extremely helpful for me.
Locksmiths Denver co
Thanks for your note. You’re correct that NAR is not working to get the provision repealed.
Jupiter fl condo
Howdy! Do you know if they make any plugins to help with
Search Engine Optimization? I'm trying to get my blog to rank for some targeted keywords but I'm not seeing very good gains.
If you know of any please share
jonathans landing real estate
I have read so many article of this site in which some of them were very interesting and inspiring.This article has good title with good description.
buy property in india
Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful for me.
jupiter florida homes for sale
Great Post! i like to scan journal that square measure informative and useful in nature.("Please be at liberty to comment. Your concepts square measure inspired and welcome.") land is that the best busness. And additional lurne regarding the journal.Thank You for sharing your data.
TX wholesale real estate and discounted properties for sale. Buy cheap houses for pennies on the dollar in TX.
If you have property for sale or looking for property buyers, then look no further just visit the dreamhousebuyer.co.uk, an online fast property selling or buying portal for you.
Thanks for sharing such kind of nice and wonderful collection......Nice post Dude keep it up.
I have appreciate with getting lot of good and reliable and legislative information with your post......
home loans hobart
mortgage broker hobartt
Hello!
The blog is very good. I am reading your blog sometime. Your blog is Real Estate Comment site.I
have a site of Naples Florida Real Estate where you get Search Naples FL real
estate and Old Naples real estate. Sharon and Art David,your Naples Florida Realtors,will find you the Perfect Home in Paradise, Naples Florida.
Post a Comment