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  #1  
Old 11-09-2009, 10:26 AM
Mary Tiernan Mary Tiernan is offline
 
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Location: Michigan
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Default How does your analysis compare to these figures?

The link below will lead to a Yahoo article showing the ten metropolitan areas with increases in average sale price over the past couple months.

I'm curious how you from Minneapolis, California (San Diego, Los Angeles, San Francisco), Phoenix, Denver ,Seattle, D.C., Detroit, and Chicago compare your market analysis with the numbers provided here ->

http://realestate.yahoo.com/promo/10...-rebounds.html
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Old 11-09-2009, 10:50 AM
Randolph Kinney Randolph Kinney is offline
 
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Location: SoCal
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Quote:
Originally Posted by Mary Tiernan View Post
The link below will lead to a Yahoo article showing the ten metropolitan areas with increases in average sale price over the past couple months.

I'm curious how you from Minneapolis, California (San Diego, Los Angeles, San Francisco), Phoenix, Denver ,Seattle, D.C., Detroit, and Chicago compare your market analysis with the numbers provided here ->

http://realestate.yahoo.com/promo/10...-rebounds.html
The low price zip codes have increased in value. However, it is neighborhood specific. I was looking at a combined 3 zip codes south county (south of El Cajon) where homes are 4,000 SF GLA and up. Prices are still falling. Prices were over $1 million, now they are below $1 million. Lots of REO and short sales along with people who want to just get out.
  #3  
Old 11-09-2009, 10:55 AM
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jmarch305 jmarch305 is offline
 
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Default

Problem is that this is the whole market. Nevermind individual neighborhoods or sub set markets. I don't typically give these things a whole lot of weight they are just to broad to really reference in any report. I have seen neighborhoods that are stable even some that look like they are increasing, but most are still on the decline. recently was at a seminar where a broker (a good one) broke it down by dollar amount and he showed that most everything in the Phoenix area under 150k was stable or increasing in the past couple of months. Everything over that is still on the decline with a pretty large over supply. I try not to reconcile data sources like Zillow in any of my reports.
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Old 11-09-2009, 10:55 AM
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residentialguy residentialguy is offline
 
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Default

Quote:
Originally Posted by Mary Tiernan View Post
The link below will lead to a Yahoo article showing the ten metropolitan areas with increases in average sale price over the past couple months.

I'm curious how you from Minneapolis, California (San Diego, Los Angeles, San Francisco), Phoenix, Denver ,Seattle, D.C., Detroit, and Chicago compare your market analysis with the numbers provided here ->

http://realestate.yahoo.com/promo/10...-rebounds.html

To me, that data is warm and fuzzy, but pretty useless in an appraisal, imo. These are general overall market and don't represent specific neighborhoods and property types.
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Old 11-09-2009, 10:56 AM
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residentialguy residentialguy is offline
 
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or ditto to what Jmarch said
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Old 11-09-2009, 01:07 PM
vanguard vanguard is offline
 
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The statistics show a downward trend for Minneapolis. Their data interpretation is false. It still is in decline.

Last edited by vanguard : 11-09-2009 at 01:09 PM. Reason: mistake
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