Saturday, November 11, 2006

Sacramento: 2006-11-11 Part I


4311 Cadee Ct
Rancho Cordova, CA 95742
Total Loss: $216,500Percent Loss: 29.7%
Asking Price: $511,500
Bedrooms:6    Baths: 4    Sq. feet:3500

Asking Price Changes:
Down 21.3% from $650,000 On 10-28

Previous Sales:
Sold on 2006-05-05 for $728,000

MLS# 60121041      Google Maps
Assessed Value       Property Tax Bill



5110 Pleasantglen Way
Elk Grove, CA 95758
Total Loss: $191,000Percent Loss: 42.4%
Asking Price: $259,000
Bedrooms:4    Baths: 2    Sq. feet:1979

Asking Price Changes:
Down 25.8% from $349,000 On 09-09
Down 42.3% from $449,000 On 09-16
Down 35.3% from $400,000 On 10-28

Previous Sales:
Sold on 2003-08-12 for $299,000
Sold on 2005-10-13 for $450,000

MLS# 60119384      Google Maps
Assessed Value       Property Tax Bill



808 Natoma St
Folsom, CA 95630
Total Loss: $158,500Percent Loss: 30.6%
Asking Price: $360,000
Bedrooms:3    Baths: 1    Sq. feet:1262

Previous Sales:
Sold on 2005-12-02 for $518,500

MLS# 60112107      Google Maps
Assessed Value       Property Tax Bill



10930 Gay Rd
Wilton, CA 95693
Total Loss: $156,500Percent Loss: 23.0%
Asking Price: $525,000
Bedrooms:3    Baths: 2    Sq. feet:1432

Previous Sales:
Sold on 2005-06-30 for $681,500

MLS# 60119649      Google Maps
Assessed Value       Property Tax Bill



4341 Fell St
Sacramento, CA 95838
Total Loss: $130,500Percent Loss: 30.3%
Asking Price: $299,500
Bedrooms:4    Baths: 2    Sq. feet:1823

Asking Price Changes:
Down 11.8% from $339,500 On 10-21
Down 6.3% from $319,500 On 11-04

Previous Sales:
Sold on 2005-05-13 for $430,000

MLS# 60116943      Google Maps
Assessed Value       Property Tax Bill



7148 Mariposa Ave
Citrus Heights, CA 95610
Total Loss: $124,000Percent Loss: 27.6%
Asking Price: $325,000
Bedrooms:2    Baths: 1    Sq. feet:1478

Asking Price Changes:
Down 39.3% from $534,999 On 06-01
Down 27.8% from $450,000 On 06-09

Previous Sales:
Sold on 2006-08-31 for $449,000

MLS# 60106971      Google Maps
Assessed Value       Property Tax Bill



12045 Mandolin Way
Rancho Cordova, CA 95742
Total Loss: $119,000Percent Loss: 17.3%
Asking Price: $570,000
Bedrooms:5    Baths: 3    Sq. feet:2821

Asking Price Changes:
Down 18.0% from $695,000 On 04-09
Down 13.6% from $660,000 On 06-01
Down 4.2% from $595,000 On 07-15

Previous Sales:
Sold on 2006-02-16 for $689,000

MLS# 60017236      Google Maps
Assessed Value       Property Tax Bill



104 Herrill Ct
Folsom, CA 95630
Total Loss: $115,500Percent Loss: 22.4%
Asking Price: $399,000
Bedrooms:3    Baths: 2    Sq. feet:1913

Asking Price Changes:
Down 12.3% from $454,900 On 07-22
Down 2.7% from $409,900 On 08-14

Previous Sales:
Sold on 2005-10-07 for $514,500

MLS# 60079635      Google Maps
Assessed Value       Property Tax Bill



7217 Pine Grove Way
Folsom, CA 95630
Total Loss: $115,000Percent Loss: 15.0%
Asking Price: $650,000
Bedrooms:4    Baths: 3    Sq. feet:3254

Asking Price Changes:
Down 6.9% from $698,000 On 09-02

Previous Sales:
Sold on 2006-03-01 for $765,000

MLS# 60099754      Google Maps



8756 Rubystone Ct
Elk Grove, CA 95624
Total Loss: $110,000Percent Loss: 20.2%
Asking Price: $435,000
Bedrooms:3    Baths: 2    Sq. feet:1900

Asking Price Changes:
Down 2.2% from $445,000 On 07-28

Previous Sales:
Sold on 2005-12-02 for $545,000

MLS# 60083355      Google Maps
Assessed Value       Property Tax Bill



2434 57th Ave
Sacramento, CA 95822
Total Loss: $105,000Percent Loss: 23.1%
Asking Price: $350,000
Bedrooms:3    Baths: 2    Sq. feet:1432

Previous Sales:
Sold on 2005-06-22 for $455,000

MLS# 60121688      Google Maps



5760 Tres Piezas Dr
Sacramento, CA 95835
Total Loss: $100,000Percent Loss: 16.7%
Asking Price: $500,000
Bedrooms:4    Baths: 3    Sq. feet:2618

Previous Sales:
Sold on 2005-06-09 for $457,500
Sold on 2005-10-06 for $600,000

MLS# 60121710      Google Maps
Assessed Value       Property Tax Bill



9308 Engleside Ct
Elk Grove, CA 95758
Total Loss: $97,500Percent Loss: 17.3%
Asking Price: $465,000
Bedrooms:4    Baths: 3    Sq. feet:2126

Asking Price Changes:
Down 14.2% from $542,000 On 06-16
Down 9.7% from $515,000 On 07-15
Down 4.1% from $485,000 On 08-14
Down 2.1% from $475,000 On 09-02
Up 2.2% from $455,000 On 09-16

Previous Sales:
Sold on 2005-08-15 for $562,500

MLS# 60064506      Google Maps
Assessed Value       Property Tax Bill



3305 Tree Swallow Cir
Elk Grove, CA 95757
Total Loss: $97,000Percent Loss: 18.5%
Asking Price: $428,000
Bedrooms:3    Baths: 2    Sq. feet:2436

Asking Price Changes:
Down 6.8% from $459,000 On 05-14
Up 1.9% from $420,000 On 07-15
Down 5.7% from $454,000 On 10-21

Previous Sales:
Sold on 2005-07-07 for $525,000

MLS# 60116293      Google Maps
Assessed Value       Property Tax Bill



6133 Jeanine Dr
Sacramento, CA 95842
Total Loss: $96,000Percent Loss: 32.5%
Asking Price: $199,000
Bedrooms:3    Baths: 2    Sq. feet:1132

Asking Price Changes:
Down 46.2% from $369,900 On 08-05
Down 46.1% from $369,000 On 09-02
Down 43.0% from $349,000 On 09-16
Down 43.0% from $348,900 On 09-30

Previous Sales:
Sold on 2005-07-25 for $295,000

MLS# 60088132      Google Maps
Assessed Value       Property Tax Bill



6500 Larchmont Dr
North Highlands, CA 95660
Total Loss: $91,000Percent Loss: 27.6%
Asking Price: $239,000
Bedrooms:3    Baths: 2    Sq. feet:1120

Asking Price Changes:
Down 7.7% from $259,000 On 09-09
Down 4.0% from $249,000 On 09-16

Previous Sales:
Sold on 2006-03-23 for $330,000

MLS# 60100568      Google Maps
Assessed Value       Property Tax Bill



7675 25th St
Sacramento, CA 95832
Total Loss: $90,000Percent Loss: 26.5%
Asking Price: $250,000
Bedrooms:3    Baths: 2    Sq. feet:1213

Asking Price Changes:
Down 25.4% from $335,000 On 04-15
Down 21.9% from $319,900 On 04-21
Down 24.0% from $329,000 On 04-27
Down 22.8% from $324,000 On 05-12
Down 21.6% from $319,000 On 05-25
Down 19.1% from $309,000 On 06-09
Down 18.0% from $305,000 On 06-30
Down 16.4% from $299,000 On 07-22
Down 10.4% from $279,000 On 08-26

Previous Sales:
Sold on 2006-02-09 for $340,000

MLS# 60095190      Google Maps
Assessed Value       Property Tax Bill



990 Snow Lily Ave
Galt, CA 95632
Total Loss: $85,883Percent Loss: 16.2%
Asking Price: $445,085
Bedrooms:4    Baths: 2    Sq. feet:1998

Asking Price Changes:
Down 3.0% from $458,850 On 09-23

Previous Sales:
Sold on 2004-06-25 for $341,000
Sold on 2006-08-29 for $530,968

MLS# 60106931      Google Maps
Assessed Value       Property Tax Bill



5101 Lotus Pond Way
Elk Grove, CA 95757
Total Loss: $85,000Percent Loss: 12.8%
Asking Price: $579,000
Bedrooms:4    Baths: 3    Sq. feet:2816

Asking Price Changes:
Down 3.3% from $599,000 On 09-09

Previous Sales:
Sold on 2006-02-15 for $664,000

MLS# 60102365      Google Maps
Assessed Value       Property Tax Bill



2713 16th St
Sacramento, CA 95818
Total Loss: $80,100Percent Loss: 16.3%
Asking Price: $409,900
Bedrooms:3    Baths: 1    Sq. feet:1168

Asking Price Changes:
Down 13.9% from $475,900 On 04-27
Down 10.4% from $457,500 On 06-09
Down 5.8% from $435,000 On 08-05
Down 3.6% from $425,000 On 09-09

Previous Sales:
Sold on 2004-10-18 for $85,000
Sold on 2005-03-01 for $490,000

MLS# 60102174      Google Maps
Assessed Value       Property Tax Bill



3133 T St
Sacramento, CA 95816
Total Loss: $80,000Percent Loss: 12.5%
Asking Price: $560,000
Bedrooms:3    Baths: 2    Sq. feet:1739

Asking Price Changes:
Down 21.7% from $715,000 On 05-14
Down 4.3% from $585,000 On 09-02
Down 3.1% from $578,000 On 09-23
Down 0.9% from $565,000 On 10-14

Previous Sales:
Sold on 2005-09-30 for $640,000

MLS# 60099251      Google Maps
Assessed Value       Property Tax Bill



4413 Middlebury Way
Mather, CA 95655
Total Loss: $76,000Percent Loss: 18.5%
Asking Price: $334,000
Bedrooms:4    Baths: 2    Sq. feet:1569

Asking Price Changes:
Down 4.6% from $350,000 On 10-14

Previous Sales:
Sold on 2005-06-29 for $410,000

MLS# 60113986      Google Maps
Assessed Value       Property Tax Bill



5220 Mckellar Ave
Sacramento, CA 95824
Total Loss: $75,050Percent Loss: 30.6%
Asking Price: $169,950
Bedrooms:2    Baths: 1    Sq. feet:708

Asking Price Changes:
Down 19.1% from $209,950 On 09-02
Down 10.5% from $189,950 On 09-09

Previous Sales:
Sold on 2005-07-15 for $245,000

MLS# 60099834      Google Maps
Assessed Value       Property Tax Bill



10224 Jenny Lynn Way
Elk Grove, CA 95757
Total Loss: $75,000Percent Loss: 10.8%
Asking Price: $620,000
Bedrooms:5    Baths: 3    Sq. feet:3440

Asking Price Changes:
Down 10.1% from $689,900 On 04-09
Down 7.2% from $668,000 On 05-12
Down 1.6% from $629,900 On 06-01

Previous Sales:
Sold on 2006-07-27 for $695,000

MLS# 60122804      Google Maps
Assessed Value       Property Tax Bill



8738 Lemas Rd
Sacramento, CA 95828
Total Loss: $74,100Percent Loss: 20.1%
Asking Price: $294,900
Bedrooms:3    Baths: 2    Sq. feet:1457

Asking Price Changes:
Down 15.7% from $349,900 On 08-14
Down 12.0% from $335,000 On 09-09
Down 1.7% from $299,990 On 09-23
Down 1.7% from $299,989 On 10-28

Previous Sales:
Sold on 2005-10-21 for $369,000

MLS# 60090511      Google Maps
Assessed Value       Property Tax Bill



15007 Guadalupe Dr
Rancho Murieta, CA 95683
Total Loss: $74,000Percent Loss: 11.4%
Asking Price: $576,000
Bedrooms:5    Baths: 3    Sq. feet:2851

Asking Price Changes:
Down 17.7% from $699,900 On 04-09
Down 15.2% from $679,000 On 04-27
Down 10.7% from $645,000 On 09-30
Down 0.7% from $579,900 On 10-28

Previous Sales:
Sold on 2005-07-21 for $650,000

MLS# 60109227      Google Maps
Assessed Value       Property Tax Bill



5931 Mascot Ave
Sacramento, CA 95824
Total Loss: $72,983Percent Loss: 28.6%
Asking Price: $182,000
Bedrooms:3    Baths: 1    Sq. feet:1020

Asking Price Changes:
Down 28.6% from $255,000 On 05-14
Down 5.2% from $192,000 On 09-23
Down 2.7% from $187,000 On 10-14

Previous Sales:
Sold on 2006-08-23 for $254,983

MLS# 60107420      Google Maps
Assessed Value       Property Tax Bill



5412 Ravine Creek Way
Elk Grove, CA 95758
Total Loss: $71,845Percent Loss: 16.4%
Asking Price: $367,000
Bedrooms:4    Baths: 3    Sq. feet:2267

Asking Price Changes:
Down 13.2% from $422,650 On 07-15
Down 8.9% from $402,900 On 08-26
Down 6.4% from $392,000 On 09-09
Down 3.4% from $379,900 On 10-07

Previous Sales:
Sold on 2005-05-17 for $410,000
Sold on 2005-09-27 for $519,000
Sold on 2006-06-23 for $438,845

MLS# 60077522      Google Maps
Assessed Value       Property Tax Bill



239 Cookingham Way
Sacramento, CA 95838
Total Loss: $70,050Percent Loss: 25.9%
Asking Price: $199,950
Bedrooms:3    Baths: 1    Sq. feet:1000

Asking Price Changes:
Down 25.9% from $270,000 On 09-23

Previous Sales:
Sold on 2004-04-30 for $135,000
Sold on 2004-08-13 for $210,000
Sold on 2005-05-23 for $210,000
Sold on 2005-07-01 for $270,000

MLS# 60107483      Google Maps
Assessed Value       Property Tax Bill



6829 Fruitridge Rd
Sacramento, CA 95820
Total Loss: $70,000Percent Loss: 20.6%
Asking Price: $270,000
Bedrooms:5    Baths: 2    Sq. feet:1843

Asking Price Changes:
Down 10.0% from $300,000 On 06-22

Previous Sales:
Sold on 2005-03-16 for $340,000

MLS# 60067432      Google Maps
Assessed Value       Property Tax Bill



11769 Loisdale Way
Rancho Cordova, CA 95742
Total Loss: $69,500Percent Loss: 16.0%
Asking Price: $365,000
Bedrooms:4    Baths: 3    Sq. feet:2139

Asking Price Changes:
Down 23.8% from $479,000 On 08-05
Down 3.9% from $380,000 On 09-23
Down 1.9% from $372,000 On 10-28

Previous Sales:
Sold on 2005-10-28 for $434,500

MLS# 60106338      Google Maps
Assessed Value       Property Tax Bill



5 Northwich Ct
Sacramento, CA 95832
Total Loss: $69,100Percent Loss: 16.5%
Asking Price: $349,900
Bedrooms:3    Baths: 2    Sq. feet:1536

Asking Price Changes:
Down 2.8% from $360,000 On 08-14

Previous Sales:
Sold on 2005-12-16 for $419,000

MLS# 60106240      Google Maps
Assessed Value       Property Tax Bill



7986 Springarden Way
Sacramento, CA 95828
Total Loss: $68,000Percent Loss: 18.5%
Asking Price: $299,000
Bedrooms:3    Baths: 2    Sq. feet:1350

Asking Price Changes:
Down 23.5% from $391,000 On 04-09
Down 25.1% from $399,000 On 04-15
Down 8.0% from $325,000 On 09-30

Previous Sales:
Sold on 2005-08-02 for $367,000

MLS# 60108741      Google Maps
Assessed Value       Property Tax Bill



8456 Mockenhaupt Ct
Elk Grove, CA 95624
Total Loss: $67,000Percent Loss: 16.8%
Asking Price: $333,000
Bedrooms:3    Baths: 2    Sq. feet:1217

Asking Price Changes:
Down 4.9% from $350,000 On 09-23

Previous Sales:
Sold on 2005-10-31 for $400,000

MLS# 60106145      Google Maps
Assessed Value       Property Tax Bill



8168 Saddlebrook Ct
Sacramento, CA 95828
Total Loss: $66,000Percent Loss: 18.1%
Asking Price: $299,000
Bedrooms:4    Baths: 2    Sq. feet:1442

Asking Price Changes:
Down 6.3% from $319,000 On 09-23
Down 3.2% from $309,000 On 10-21

Previous Sales:
Sold on 2005-06-30 for $365,000

MLS# 60105083      Google Maps
Assessed Value       Property Tax Bill



6046 Windbreaker Way
Sacramento, CA 95823
Total Loss: $65,000Percent Loss: 17.6%
Asking Price: $305,000
Bedrooms:4    Baths: 2    Sq. feet:1600

Previous Sales:
Sold on 2006-03-30 for $370,000

MLS# 60116228      Google Maps
Assessed Value       Property Tax Bill



5224 Alderberry Way
Sacramento, CA 95835
Total Loss: $63,545Percent Loss: 14.6%
Asking Price: $370,455
Bedrooms:3    Baths: 2    Sq. feet:1510

Asking Price Changes:
Down 5.0% from $389,950 On 09-30

Previous Sales:
Sold on 2005-04-21 for $434,000

MLS# 60109338      Google Maps



7613 Muschetto Ct
Citrus Heights, CA 95621
Total Loss: $63,100Percent Loss: 18.4%
Asking Price: $279,900
Bedrooms:3    Baths: 2    Sq. feet:1316

Asking Price Changes:
Down 24.1% from $369,000 On 08-19
Down 13.3% from $323,000 On 08-26
Down 6.7% from $299,900 On 09-02
Down 5.1% from $294,900 On 09-09
Down 3.4% from $289,900 On 09-23
Down 1.8% from $284,900 On 10-07

Previous Sales:
Sold on 2005-05-13 for $343,000

MLS# 60094297      Google Maps
Assessed Value       Property Tax Bill



10238 Countryside Way
Sacramento, CA 95827
Total Loss: $62,000Percent Loss: 17.9%
Asking Price: $285,000
Bedrooms:4    Baths: 2    Sq. feet:1590

Asking Price Changes:
Down 1.4% from $289,000 On 10-14

Previous Sales:
Sold on 2005-08-10 for $347,000

MLS# 60113323      Google Maps
Assessed Value       Property Tax Bill



9435 Soaring Oaks Dr
Elk Grove, CA 95758
Total Loss: $61,050Percent Loss: 17.4%
Asking Price: $289,950
Bedrooms:3    Baths: 2    Sq. feet:1154

Asking Price Changes:
Down 1.7% from $294,950 On 09-23

Previous Sales:
Sold on 2005-06-13 for $351,000

MLS# 60107019      Google Maps
Assessed Value       Property Tax Bill



3311 Franklin Blvd
Sacramento, CA 95818
Total Loss: $61,000Percent Loss: 15.3%
Asking Price: $339,000
Bedrooms:4    Baths: 2    Sq. feet:1509

Previous Sales:
Sold on 2004-07-26 for $272,000
Sold on 2006-02-17 for $400,000

MLS# 60003190      Google Maps
Assessed Value       Property Tax Bill



3519 Port Dr
Sacramento, CA 95826
Total Loss: $60,500Percent Loss: 15.7%
Asking Price: $324,500
Bedrooms:3    Baths: 2    Sq. feet:1768

Previous Sales:
Sold on 2005-09-21 for $385,000

MLS# 60117663      Google Maps



9123 Cobblefield Dr
Sacramento, CA 95829
Total Loss: $60,100Percent Loss: 11.6%
Asking Price: $459,900
Bedrooms:5    Baths: 4    Sq. feet:2680

Asking Price Changes:
Down 19.6% from $572,250 On 06-16
Down 15.6% from $544,900 On 06-22
Down 10.7% from $514,900 On 07-28
Down 8.0% from $499,900 On 09-09

Previous Sales:
Sold on 2005-02-18 for $383,500
Sold on 2005-05-12 for $520,000

MLS# 60063235      Google Maps



6549 RIO OSO Dr
Rancho Murieta, CA 95683
Total Loss: $60,000Percent Loss: 8.8%
Asking Price: $625,000
Bedrooms:3    Baths: 2    Sq. feet:2785

Asking Price Changes:
Down 2.3% from $640,000 On 05-18

Previous Sales:
Sold on 2003-12-17 for $548,000
Sold on 2005-04-04 for $685,000

MLS# 60051343      Google Maps
Assessed Value       Property Tax Bill



3820 Riviera Ln
Elk Grove, CA 95758
Total Loss: $59,000Percent Loss: 14.8%
Asking Price: $340,000
Bedrooms:3    Baths: 2    Sq. feet:1569

Asking Price Changes:
Down 5.6% from $360,000 On 09-23
Down 2.9% from $350,000 On 09-30

Previous Sales:
Sold on 2005-09-21 for $399,000

MLS# 60103880      Google Maps
Assessed Value       Property Tax Bill



2057 Danvers Way
Sacramento, CA 95832
Total Loss: $58,000Percent Loss: 14.2%
Asking Price: $350,000
Bedrooms:3    Baths: 2    Sq. feet:1662

Previous Sales:
Sold on 2004-12-15 for $332,000
Sold on 2005-08-12 for $408,000

MLS# 60104931      Google Maps
Assessed Value       Property Tax Bill



3557 Envero Way
Rancho Cordova, CA 95670
Total Loss: $56,100Percent Loss: 12.3%
Asking Price: $399,900
Bedrooms:4    Baths: 3    Sq. feet:1834

Asking Price Changes:
Down 9.1% from $439,900 On 07-08
Down 6.3% from $426,900 On 09-23
Down 2.4% from $409,900 On 10-28

Previous Sales:
Sold on 2005-11-30 for $456,000

MLS# 60121241      Google Maps
Assessed Value       Property Tax Bill



9117 Trumbauer Way
Elk Grove, CA 95758
Total Loss: $56,050Percent Loss: 11.6%
Asking Price: $425,950
Bedrooms:4    Baths: 3    Sq. feet:2008

Asking Price Changes:
Down 19.4% from $528,500 On 08-05
Down 14.1% from $495,950 On 08-19
Down 10.5% from $475,950 On 09-09
Down 8.6% from $465,950 On 09-16
Down 6.6% from $455,950 On 09-30

Previous Sales:
Sold on 2006-03-03 for $482,000

MLS# 60087970      Google Maps
Assessed Value       Property Tax Bill



141 Briggs Ranch Dr
Folsom, CA 95630
Total Loss: $56,000Percent Loss: 8.7%
Asking Price: $589,000
Bedrooms:4    Baths: 3    Sq. feet:2020

Asking Price Changes:
Down 14.5% from $689,000 On 04-09

Previous Sales:
Sold on 2005-05-31 for $645,000

MLS# 60103744      Google Maps
Assessed Value       Property Tax Bill



9261 Fruited Plain Way
Elk Grove, CA 95624
Total Loss: $55,500Percent Loss: 9.1%
Asking Price: $555,000
Bedrooms:4    Baths: 3    Sq. feet:2685

Previous Sales:
Sold on 2005-01-14 for $610,500

MLS# 60116992      Google Maps
Assessed Value       Property Tax Bill



5255 Village Wood Dr
Sacramento, CA 95823
Total Loss: $55,100Percent Loss: 17.5%
Asking Price: $259,900
Bedrooms:3    Baths: 2    Sq. feet:1226

Asking Price Changes:
Down 29.3% from $367,500 On 06-16
Down 17.5% from $314,900 On 06-22
Down 13.3% from $299,900 On 07-28

Previous Sales:
Sold on 2005-06-03 for $315,000

MLS# 60063226      Google Maps
Assessed Value       Property Tax Bill



21 Michelson Ct
Sacramento, CA 95835
Total Loss: $55,000Percent Loss: 10.3%
Asking Price: $480,000
Bedrooms:5    Baths: 3    Sq. feet:2291

Previous Sales:
Sold on 2005-11-22 for $535,000

MLS# 60120355      Google Maps
Assessed Value       Property Tax Bill



1030 Hildebrand Cir
Folsom, CA 95630
Total Loss: $54,000Percent Loss: 11.0%
Asking Price: $435,000
Bedrooms:3    Baths: 2    Sq. feet:1687

Asking Price Changes:
Down 18.7% from $535,000 On 05-20
Down 17.1% from $525,000 On 08-05
Down 5.2% from $459,000 On 09-02
Down 3.1% from $449,000 On 09-09

Previous Sales:
Sold on 2005-10-20 for $489,000

MLS# 60099658      Google Maps
Assessed Value       Property Tax Bill


Total 451 in Sacramento County
Go to Part II

1 comment :

Anonymous said...

Max, you show another 3% increase in FITs for this week in both Sacramento and Placer Counties. This group is growing very rapidly now. With 600 FITs listed today, over 3% of all the MLS listings are Flippers losing serious money. If this increase in velocity continues for a few more months, we will soon see 5% of all listings represent investors losing money in real estate. Furthermore, your calculation of a FIT ignores their losses due to carrying costs and selling costs. And there are many "hidden" FIT's who have withdrawn their properties unitl spring or refuse to lower their above market listing prices. These factors suggest that the current FIT number is probably double your calculation, probably around 6% today, and it will easily get to 10% by Feb. 2007. That much stressed product flooding the market next year will dictate a continued decline in values thru 2007, well into 2008. And what other choices do the FITs have? They can keep their overpriced listings and lose $4-5,000/mon or rent it and lose $2500-3000/mon and see another $50,000 drop in value next year? Not good any way you look at it.