Wednesday, June 28, 2006

California Canary Showdown: It's a Tie


May 2006
Sacramento County: 0.00%
San Diego County: 0.00%

Posted by Lander at 1:03 PM

Topics: , ,

11 comments:

surfer-x said...

This graph will be interesting to see next month and moving forward as it will serve as a clear depiction of a picture-perfect "soft landing".

Wednesday, June 28, 2006 7:07:00 PM
Anonymous said...

Prices will drop back to 2002 levels.


The interest rates are at about the same level as they were in summer 2002.

Income levels haven't increased sufficiently enough to support the rapid run up in prices.

Just because a developer is asking $600,000 for a crackerbox in South Elk Grove doesn't mean that it is worth $600,000!

What a bunch of dumbbells! I don't think the yokels in Sacramento understand economics.

Just like the idiot in the White HOuse. I'll go spend like crazy on the war and give tax breaks to my rich crony friends like Paris Hilton.

Thursday, June 29, 2006 12:12:00 PM
Anonymous said...

Getta load of Divot Maker's client.



What an idiot!

She is probably one of those bimbos that paid $300,000 for a two bedroom condo in Elk Grove.

Does she know what fiscal responsibility and foreclosure means?

She better keep her massive SUV that she bought on credit away from the REPO Man cuz that is the only place that she will be able to call "home".

Sheez, what a loser!

Thursday, June 29, 2006 12:16:00 PM
Anonymous said...

Great graph! Looks like she'll be coming in for a nice soft landing! Can't wait to see this updated with the June numbers.

Thursday, June 29, 2006 4:27:00 PM
Anonymous said...

0%?

Huh?

SD = +0.4% overall and Sacto = +0.8% for SFR's and +4.8% for condo's, no?

Friday, June 30, 2006 2:42:00 PM
Lander said...

This graph is based on the median prices of all sales (SFHs, condos, & new homes) provided by DataQuick. Click on "May 2006" to go to dqnews.

Friday, June 30, 2006 4:22:00 PM
Anonymous said...

I see where you got it, but DQ's own info is at odds with itself. Example for SD:

http://www.dqnews.com/RRSCA0606.shtm

More sales, lower median, and +0.4% YoY delta.

Oh well.

Friday, June 30, 2006 6:59:00 PM
Lander said...

Not sure why there is the difference. On the face of it, is seems they are tracking the same thing. Where did you get the Sacramento numbers?

Sacto = +0.8% for SFR's and +4.8% for condo's

Friday, June 30, 2006 9:38:00 PM
Anonymous said...

Here.

http://www.sacrealtor.org/documents/about/statistics/may06.pdf

I guess it's just where people aggregate information from. I really don't know, but this sort of difference is pretty common.

Friday, June 30, 2006 10:05:00 PM
Lander said...

The Realtors Association's data only includes MLS sales. I believe DataQuick gets its numbers from government records, which includes all sales whether they were sold with the help of a Realtor or by the owner.

Friday, June 30, 2006 10:44:00 PM
Anonymous said...

ok, that makes sense on that one, but as to the differing numbers within dq's own system - that is odd.

Friday, June 30, 2006 11:04:00 PM

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