Comments on: Thanks Dwip!

By: CA renter

CA renter — Mon, 12 Jan 2009 05:56:26 +0000

Dwip and Jim,

Very nice work! Thanks for putting that up.

By: The Blur

The Blur — Sun, 11 Jan 2009 17:19:59 +0000

Dwip, Jim, it would be interesting to replot this over time and see if the Carlsbads, PQ, Encinitas slide down that Reality axis.

As for the other axis, it just goes to show how there was really no method to the pricing during the bubble in these areas. People just listed (and sold!) for whatever ridiculous price they decided to pull out of their rear ends. There could be much higher correction in the high-end areas.

I might, however, draw that axis through Del Mar toward Carmel Valley and La Jolla (instead of SB and RSF.) I say this because there’s such small sample size in SB and Cardiff, and we’ve also acknowledged that RSF is its own beast. I’d say these 3 should be the outliers. Then it would be interesting to see which axis CV and LJ follow over time. Just a suggestion.

Thanks for the great graph!!

By: shoppingaround

shoppingaround — Sun, 11 Jan 2009 12:07:42 +0000

Fabulous info. Thanks to all.

By: The Good Life

The Good Life — Sun, 11 Jan 2009 10:23:16 +0000

Wow. RSF prices have dropped as much as San Marcos N, but SM N sales have taken off while RSF sales have hit the skids.

That tells me that higher end homes are having a tough, tough time. Average Joe homes are selling again now that prices are returning to some type of normalcy.

By: greenlander

greenlander — Sun, 11 Jan 2009 05:33:11 +0000

great graph

By: Simone

Simone — Sun, 11 Jan 2009 03:34:43 +0000

I think my browser is not displaying this graph correctly, or why is Cardiff sitting at -60% price with no sales?

By: Chris

Chris — Sun, 11 Jan 2009 03:18:52 +0000

Nice graph Dwip.

The REO up the street had a huge number of visitors at today’s first open house. I drove by and saw at least 10 cars parked outside. They listed for 10% less than the same model that has been sitting on the MLS for 4 months.

By: Rob Dawg

Rob Dawg — Sun, 11 Jan 2009 02:43:52 +0000

Brilliant, better than Case-Shiller, plot the intersection and same sales rate and you get -22% per sq ft. Same price per sq ft is somewhere around 85% fewer sales.

Blog note; I’ve been playing with the excel sheets, interesting and should have something mod morning tomorrow. Sorry for the delay.