Tuesday, July 25, 2006

CAR Numbers

The California Association of Realtors has their numbers out for June, 2006. I guess one of those houses in Tiburon and Mill Valley were real whoppers LOL:

You can find the state's "Market Trends" report here.

So let me get this straight: 12 or so months ago the sales prices were on average about where they are now, rates were only a little more favorable, and selling was brisk, people were overbidding, the sky was the limit. Today rates are still historically low and yet sellers are struggling to sell and price reductions are commonplace -- the number of SFRs in Marin listed as "price reduced" (according to ZipRealty) crossed the 40% mark today for the first time (it's at 40.2% actually). How long before it goes to 50%? Just trying to keep things in perspective.

So much for hoping that Spring, the strongest selling season, would save us.


Post a Comment

<< 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.