Friday, November 24, 2006

Revised DataQuick Results for October, 2006

Well, it appears that as was the case for September, October's DataQuick results have been revised downward too:

Before:

After:

4 Comments:

Blogger sf jack said...

Didn't I just read today that Bel-Tib was up some tremendous figure?

But this says -39%.

I know it's a small number of sales, but that doesn't sound very good in any case.

San Anselmo (small number sold, too) and San Rafael:

Ouch!

Nov 24, 2006, 8:45:00 PM  
Blogger Marinite said...

I do not understand how this stuff can get revised like this. But whatever. The fact is that this is all published info...I don't make it up.

Nov 24, 2006, 9:05:00 PM  
Blogger marin_explorer said...

Didn't I just read today that Bel-Tib was up some tremendous figure?

Hmm...was that the IJ again?
As you noted, the sampling of sold homes (especially now) is so low those stats are hardly relevant as market indicators. Last I checked, Bel-Tib was the poster child for 100+ DOMs, so I doubt demand is pushing individual homes upward.

Nov 24, 2006, 9:22:00 PM  
Blogger sf jack said...

I saw it in this Carol Lloyd column today:

http://sfgate.com/columnists/lloyd/

Or:

http://tinyurl.com/b9vfz

She writes:

"I'd heard for months that one of the strongest regional markets has been Tiburon and Belvedere, those lovely luxury villages clutching the north bay coastline. As compared with September of 2005, this past September saw a 3.7 percent increase in sales volume and a whopping 24.2 percent rise in the median price."

********

So it appears I read about September being up so much in those towns.

Funny that October (-39% in median price) is down more than September was up. It would be interesting to know, or to see if Carol had mentioned it, the number of sales in September, since in October it was only 12.

Another quote from Carol:

"Indeed the price point he works with has exploded over the past five years. In 2001 there were only 19 sales of homes between $2 million and $5 million. During the first 10 months of this year there have been 227 and the price per square foot has soared 42 percent."

*******

I realize that's an 11x gain in volume, and the year is not even over yet, but wouldn't it make sense that the price point in that range would explode in the midst of the greatest housing boom ever known to mankind (over the last five years)?

I wonder what the price point volume change is for 2001 vs. 2006 for the $1 million to $2 million range - would it suprise if it was 11x greater now (or vs. 2005) - or even more?

Probably not. At least to me.

And is the price per square foot up 42% in the year of 2006? Or over the five year period?

If the former, that would be *something* notable.

Nov 24, 2006, 9:56:00 PM  

Post a Comment

Links to this post:

Create a Link

<< Home

Terms of Use: The purpose of the Marin Real Estate Bubble weblog (located at URL http://marinrealestatebubble.blogspot.com/ and henceforth referred to as “MREB” or “this site”) is to present and discuss information relating to real estate and the real estate industry in general (locally, state-wide, nationally, and internationally) as it pertains to the thesis that recent real estate related activity is properly characterized as a “speculative mania” or a “bubble”. MREB is a non-profit, community site that depends on community participation and feedback. While MREB administrators do strive to confirm all information presented here and qualify all doubtful items, the information presented at MREB is neither definitive nor should it be construed as professional advice. All information published on MREB is provided “as is” without warranty of any kind and the administrators of this site shall not be liable for any direct or indirect damages arising out of use of this site. This site is moderated by MREB administrators and the MREB administrators reserve the right to edit, remove, or refuse postings that are off-topic, defamatory, libelous, offensive, or otherwise deemed inappropriate by MREB administrators. You should consult a finance professional before making any decisions based on information found on this site.

The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.