The Housing Chronicles Blog: Behind the Dataquick numbers

Thursday, November 15, 2007

Behind the Dataquick numbers

The latest numbers from Dataquick tells us what we already know: it's still bad out there, although it seems some investors may be returning to the market:

"Indicators of market distress continue to move in different directions. Foreclosure activity is at record levels, financing with adjustable-rate mortgages and with multiple mortgages have dropped sharply. Down payment sizes and flipping rates are stable, non-owner occupied buying activity is edging up, DataQuick reported. "

The table below summarizes the current damage:

All Home Sales No Sold
Oct-06
No Sold
Oct-07
Percent
Change
Median
Oct-06
Median
Oct-07
Percent
Change
Los Angeles 8,451 4,368 -48.3% $520,000 $500,000 -3.8%
Orange 2,929 1,700 -42.0% $625,000 $573,750 -8.2%
Riverside 4,408 2,463 -44.1% $412,136 $350,000 -15.1%
San Bernardino 3,547 1,603 -54.8% $365,000 $330,000 -9.6%
San Diego 3,449 2,327 -32.5% $490,000 $460,000 -6.1%
Ventura 961 538 -44.0% $590,000 $535,000 -9.3%
SoCal 23,745 12,999 -45.3% $482,750 $444,000 -8.0%

But since the table is general, if you want to know how your zip code is faring (at least through September), you can find it here.

No comments: