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ownhomeinSD
Posts:1068
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| 06/02/2009 3:45 PM |
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| Foreclosure data update: NODs keep declining (down 10.37%) and trustee's sales up 1.93%. |
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ownhomeinSD
Posts:1068
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| 06/02/2009 3:50 PM |
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Existing Home Listing Statistics update:
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ownhomeinSD
Posts:1068
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| 06/08/2009 8:36 AM |
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Comparison of NODs and REOs in foreclosureforum.com and realtytrac.com.
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ownhomeinSD
Posts:1068
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| 06/08/2009 10:15 AM |
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| Year over year changes were added. |
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ownhomeinSD
Posts:1068
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| 06/08/2009 10:17 AM |
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| Here it is. |
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ownhomeinSD
Posts:1068
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| 06/08/2009 10:40 AM |
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| Sorry for multipul posts and for saving modified table with the same file name that resulted some trouble in uploading and even changed the first table among three table. The time delay in change shown in SDL let me posted one more same table. |
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ownhomeinSD
Posts:1068
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| 06/16/2009 10:03 PM |
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SD median prices (from DataQuick):
JAN '09 ------------ $280,000
FEB '09 ----------- $285,000
MAR '09 ----------- $285,000
APR '09 ------------ $290,000
MAY '09 ------------$295,000
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ownhomeinSD
Posts:1068
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| 06/17/2009 12:29 PM |
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Southland median sale price inches up for first time since ‘07
La Jolla, CA---Southern California home sales rose for the 11th consecutive month in May as sales of $500,000-plus homes started to come back. The median price paid increased slightly from the prior month for the first time since July 2007, the result of a shift in market activity where sales of deeply discounted foreclosures waned and mid- to high-end purchases rose, a real estate information service reported.
A total of 20,775 new and resale houses and condos closed escrow in San Diego, Orange, Los Angeles, Ventura, Riverside and San Bernardino counties last month. That was up 1.3 percent from 20,514 in April and up 22.8 percent from 16,917 a year ago, according to San Diego-based MDA DataQuick.
Sales have increased year-over-year for 11 consecutive months.
May’s sales were the highest for that month since May 2006, when 30,303 homes sold, but were 21.2 percent below the average May sales total since 1988, when DataQuick’s statistics begin.
Foreclosure resales – homes sold in May that had been foreclosed on in the prior 12 months – accounted for 50.2 percent of all Southland resales. That was down from 53.5 percent in April and from a peak of 56.7 percent in February. May’s figure was the lowest since foreclosure resales were 50.9 percent of all resales last October.
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“We appear to be in the early stages of the market gradually tilting back toward a more normal balance of sales across the home price spectrum. As more sellers get realistic, more buyers get off the fence and more lenders offer reasonable terms for high-end purchase financing, we’ll see a more normal share of sales in the more established, higher-cost areas that have been nearly comatose,” said John Walsh, MDA DataQuick president.
“Let’s not forget we’re into the traditional home buying season right now,” he continued, “meaning more people are purchasing for all of the normal reasons, such as a new job or to get settled before school starts. Many are concerned with finding the right home in the right area, not just the most deeply discounted home.”
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livingincali
Posts:30
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| 06/17/2009 1:52 PM |
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Interesting set of data. It would appear that the expected uptick in NOTs is starting to appear in the May data as the previous foreclosure moratorium wears off. I was estimating about a 5-6 month lag from a NOD to a NOT and it would appear that is the case from this data (The December/January increase in NODs is starting to show up in May). I have to admit that so far the June data doesn't look promising for a continuation of the spring rally, but maybe that's just a temporary condition resulting from the recent higher interest rates.
For example in our favorite 92126 (Mira Mesa market) the June closing numbers aren't looking so good with only 18 closings and lower price per sqft numbers as of June 15th which puts us on pace for 36 closings for the month. That is somewhat lower than the recent numbers of 45 in May and 39 in April. The other troubling thing about the data so far in June is the big drop in Price per SqFt as it went from around $240 in April to about $230 in May and it's running at $210 for June. The last thing is the slight uptick in inventory for the market as it started to increase a bit from the May 31st low. It's possible this is just some temporary blip on the screen, but it hard to argue against the longer term trend of declining prices.
Anyways I look forward to the June numbers as i would expect the NOTs to continue to increase and we'll see if we can reverse what's happened in June so far. |
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ownhomeinSD
Posts:1068
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| 06/17/2009 3:04 PM |
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It is too early to say any thing about June data by now. For Mira Mesa, if there is any declinning in sales, it would be due to people can't find homes they want because more than 50% listing homes are in contingent status and some others in poor condition that may result some PPFT declinning. There are only 3~5 newer houses left for bidding. The following two are pending today and they were listed 4 and 10 days ago with higher listing prices.
9668 Galvin
11909 Westview Pkwy
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ownhomeinSD
Posts:1068
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ownhomeinSD
Posts:1068
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ownhomeinSD
Posts:1068
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ownhomeinSD
Posts:1068
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| 06/23/2009 12:30 PM |
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| Yes, median listing prices rising slow down when sale prices are improving. Up end sellers are reducing their 2005-2007 listing prices to more real levels and low end sellers are continuing to draw bidders. However, bad news for you is SD inventory keeps down (11448 in SDL today). Mira Mesa has 5 sale pendings today with listing and sale prices going up for similar model homes there. |
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ownhomeinSD
Posts:1068
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| 06/23/2009 5:26 PM |
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Posted By ownhomeinSD on 06/23/2009 12:30 PM Mira Mesa has 5 sale pendings today
Mira Mesa has 7 sale pendings today. Sales in MM this year are about 40~50 per month. Among 98 listing today, about 50% are in contingent status. |
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cfanning
Posts:6
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| 06/23/2009 5:48 PM |
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Someone posted on a thread earlier that the median home price may rise, however, that could most likely be due to more short sales and other below market value sales in more high-end areas. I'm skeptical about that data at this point.
As for NOD, wasn't there a moratorium on NOD? Or was it just foreclosures on the whole? I'm usually careful with the data...you know the old saying: There are lies, damn lies, and statistics.
Still, I think our market will improve before many of the other California markets...JMHO |
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ownhomeinSD
Posts:1068
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| 07/01/2009 7:49 AM |
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Manufacturing up for 6th straight month
NEW YORK (CNNMoney.com) -- Manufacturing sector activity rose in June for the sixth straight month, but the index reading still indicates a contraction, a purchasing managers' group said Wednesday.
The Tempe, Ariz.-based Institute for Supply Management's (ISM) manufacturing index rose to 44.8 in June, up from 42.8 the previous month.
The slight month-to-month improvement indicates that the rate of contraction has slowed, but not reversed itself. Manufacturing is a key indicator in gauging the strength of the overall economy.
The monthly report is a national survey of ISM members, who are purchasing managers in the manufacturing sector. Index readings above 50 indicate growth, while levels below 50 signal contraction. Readings below 41 are associated with a recession in the broader economy.
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ownhomeinSD
Posts:1068
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| 07/11/2009 12:39 PM |
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| March to June data for 6 areas. |
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ownhomeinSD
Posts:1068
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| 07/11/2009 12:41 PM |
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Forgot to mention sources.
REOs and NODs from RealtyTrac and inventory/sales from SDL |
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ownhomeinSD
Posts:1068
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| 07/13/2009 3:00 PM |
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| June foreclosure data out. Good news for bears. Both NODs and trustee sales up with 9.19% decrease year over year in trustee sales. Comparing with # of trustee sales from foreclosureforum.com with # of REOs from Realtytrac.com, it looks like less REOs than trustee sales in June. More third party deals? |
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