Saturday, March 17, 2007

Sacramento: 2007-03-17 Part 1



11833 Delavan Cir
Rancho Cordova, CA 95742
Total Loss: $233,500Percent Loss: 25.4%
Asking Price: $685,000
Bedrooms:6 Baths: 5 Sq. feet:5160

Listing History:
Down 31.2% from $995,000 On 2006-11-24
Down 2.0% from $699,000 On 2007-01-13
Down 0.1% from $685,900 On 2007-02-17

Previous Sales:
Sold on 2006-08-25 for $918,500

MLS# 70001764 Google Maps
Assessed Value Property Tax Bill


10240 Sheldon Rd
Elk Grove, CA 95624
Total Loss: $225,500Percent Loss: 23.7%
Asking Price: $724,500
Bedrooms:3 Baths: 2 Sq. feet:2447

Listing History:
Down 27.5% from $999,000 On 2006-04-21
Down 23.7% from $950,000 On 2007-02-03
Down 19.5% from $899,500 On 2007-02-17
Down 8.9% from $795,500 On 2007-02-24
Down 3.3% from $749,500 On 2007-03-03

Previous Sales:
Sold on 2006-08-11 for $950,000

MLS# 70010458 Google Maps
Assessed Value Property Tax Bill


3232 12th Ave
Sacramento, CA 95817
Total Loss: $170,000Percent Loss: 48.6%
Asking Price: $180,000
Bedrooms:2 Baths: 1 Sq. feet:1135

Previous Sales:
Sold on 2005-11-04 for $350,000

MLS# 70028144 Google Maps
Assessed Value Property Tax Bill


11890 Delavan Cir
Rancho Cordova, CA 95742
Total Loss: $169,112Percent Loss: 21.0%
Asking Price: $635,888
Bedrooms:5 Baths: 4 Sq. feet:4235

Listing History:
Down 27.7% from $879,990 On 2006-10-14
Down 23.4% from $829,990 On 2006-12-09
Down 4.5% from $665,888 On 2007-01-27

Previous Sales:
Sold on 2006-09-14 for $805,000

MLS# 60113334 Google Maps
Assessed Value Property Tax Bill


3027 Palmate Way
Sacramento, CA 95834
Total Loss: $161,000Percent Loss: 18.9%
Asking Price: $689,000
Bedrooms:5 Baths: 3 Sq. feet:4246

Listing History:
Down 12.2% from $785,000 On 2007-01-20
Down 5.6% from $730,000 On 2007-02-09
Down 1.4% from $699,000 On 2007-02-17

Previous Sales:
Sold on 2005-05-02 for $703,000
Sold on 2006-09-29 for $850,000

MLS# 70005513 Google Maps
Assessed Value Property Tax Bill


8557 Spring Azure Way
Elk Grove, CA 95624
Total Loss: $148,000Percent Loss: 25.3%
Asking Price: $437,000
Bedrooms:5 Baths: 3 Sq. feet:2479

Listing History:
Down 2.7% from $449,000 On 2007-02-17
Down 1.8% from $445,000 On 2007-03-03

Previous Sales:
Sold on 2005-07-08 for $585,000

MLS# 70013705 Google Maps
Assessed Value Property Tax Bill


10620 Sheldon Park Way
Elk Grove, CA 95624
Total Loss: $140,000Percent Loss: 15.3%
Asking Price: $775,000
Bedrooms:4 Baths: 2 Sq. feet:2895

Listing History:
Down 35.4% from $1,200,000 On 2006-05-18
Down 21.3% from $985,000 On 2006-08-19
Down 18.0% from $945,500 On 2006-09-30
Down 20.5% from $975,000 On 2006-10-28

Previous Sales:
Sold on 2004-09-03 for $863,000
Sold on 2005-10-28 for $915,000

MLS# 70015266 Google Maps
Assessed Value Property Tax Bill


6418 Valenda Ct
Elk Grove, CA 95757
Total Loss: $135,500Percent Loss: 20.4%
Asking Price: $530,000
Bedrooms:4 Baths: 3 Sq. feet:2954

Listing History:
Down 11.5% from $599,000 On 2006-12-23
Down 10.0% from $589,000 On 2007-01-13

Previous Sales:
Sold on 2006-08-30 for $665,500

MLS# 60133213 Google Maps
Assessed Value Property Tax Bill


9809 Summer Glen Way
Elk Grove, CA 95757
Total Loss: $135,050Percent Loss: 25.2%
Asking Price: $399,950
Bedrooms:4 Baths: 3 Sq. feet:2347

Listing History:
Down 11.1% from $450,000 On 2007-01-06
Down 7.0% from $429,950 On 2007-02-09
Down 4.8% from $419,950 On 2007-02-24

Previous Sales:
Sold on 2005-09-26 for $535,000

MLS# 70001307 Google Maps
Assessed Value Property Tax Bill


7717 Victory Ave
Sacramento, CA 95828
Total Loss: $131,002Percent Loss: 23.8%
Asking Price: $419,900
Bedrooms:2 Baths: 1 Sq. feet:840

Listing History:
Down 4.6% from $440,000 On 2006-12-09
Down 2.3% from $430,000 On 2007-02-09

Previous Sales:
Sold on 2004-03-11 for $285,000
Sold on 2005-02-18 for $395,000
Sold on 2006-03-03 for $550,000
Sold on 2006-10-06 for $550,902

MLS# 60130352 Google Maps
Assessed Value Property Tax Bill


5111 Fredericksburg Way
Sacramento, CA 95835
Total Loss: $130,000Percent Loss: 16.7%
Asking Price: $650,000
Bedrooms:6 Baths: 2 Sq. feet:4090

Listing History:
Down 21.7% from $830,000 On 2006-07-08
Down 18.6% from $799,000 On 2006-11-11
Down 10.9% from $729,900 On 2007-03-10

Previous Sales:
Sold on 2005-06-02 for $780,000

MLS# 70024496 Google Maps
Assessed Value Property Tax Bill


10224 Jenny Lynn Way
Elk Grove, CA 95757
Total Loss: $130,000Percent Loss: 18.7%
Asking Price: $565,000
Bedrooms:5 Baths: 3 Sq. feet:3440

Listing History:
Down 18.1% from $689,900 On 2006-04-09
Down 15.4% from $668,000 On 2006-05-12
Down 10.3% from $629,900 On 2006-06-01
Down 8.9% from $620,000 On 2006-11-11
Down 5.0% from $595,000 On 2006-12-09

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

MLS# 60122804 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

Listing History:
Down 39.3% from $534,999 On 2006-06-01
Down 27.8% from $450,000 On 2006-06-09

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

MLS# 60106971 Google Maps
Assessed Value Property Tax Bill


7489 24th St
Sacramento, CA 95822
Total Loss: $121,000Percent Loss: 33.6%
Asking Price: $239,000
Bedrooms:4 Baths: 2 Sq. feet:1368

Listing History:
Down 4.0% from $249,000 On 2007-03-03

Previous Sales:
Sold on 2004-03-24 for $202,000
Sold on 2005-06-28 for $260,000
Sold on 2005-12-13 for $360,000

MLS# 70020882 Google Maps
Assessed Value Property Tax Bill


8011 Pony Ct
Sacramento, CA 95830
Total Loss: $120,000Percent Loss: 12.0%
Asking Price: $880,000
Bedrooms:4 Baths: 2 Sq. feet:3037

Listing History:
Down 9.2% from $969,000 On 2006-05-25
Down 16.2% from $1,050,000 On 2006-10-21

Previous Sales:
Sold on 2004-02-06 for $659,000
Sold on 2006-08-31 for $1,000,000

MLS# 60116657 Google Maps
Assessed Value Property Tax Bill


1933 Bastona Dr
Elk Grove, CA 95758
Total Loss: $118,589Percent Loss: 20.9%
Asking Price: $449,900
Bedrooms:5 Baths: 3 Sq. feet:2716

Previous Sales:
Sold on 2004-09-09 for $470,000
Sold on 2006-12-01 for $568,489

MLS# 70005440 Google Maps
Assessed Value Property Tax Bill


9308 Engleside Ct
Elk Grove, CA 95758
Total Loss: $118,500Percent Loss: 21.1%
Asking Price: $444,000
Bedrooms:4 Baths: 3 Sq. feet:2126

Listing History:
Down 18.1% from $542,000 On 2006-06-16
Down 13.8% from $515,000 On 2006-07-15
Down 8.5% from $485,000 On 2006-08-14
Down 6.5% from $475,000 On 2006-09-02
Down 2.4% from $455,000 On 2006-09-16
Down 4.5% from $465,000 On 2006-11-11

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

MLS# 70017968 Google Maps
Assessed Value Property Tax Bill


2434 57th Ave
Sacramento, CA 95822
Total Loss: $117,500Percent Loss: 25.8%
Asking Price: $337,500
Bedrooms:3 Baths: 2 Sq. feet:1432

Listing History:
Down 3.6% from $350,000 On 2006-11-04

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

MLS# 60121688 Google Maps


1939 Richfield Way
Sacramento, CA 95832
Total Loss: $116,000Percent Loss: 25.7%
Asking Price: $335,000
Bedrooms:4 Baths: 2 Sq. feet:1777

Listing History:
Down 30.9% from $485,000 On 2006-08-14
Down 8.2% from $365,000 On 2006-12-02
Down 5.6% from $355,000 On 2006-12-30
Down 2.9% from $345,000 On 2007-01-27

Previous Sales:
Sold on 2005-10-31 for $451,000

MLS# 60088305 Google Maps
Assessed Value Property Tax Bill


521 Alcantar Cir
Sacramento, CA 95834
Total Loss: $115,000Percent Loss: 21.9%
Asking Price: $409,000
Bedrooms:5 Baths: 3 Sq. feet:2146

Listing History:
Down 8.9% from $449,000 On 2007-01-20
Down 4.7% from $429,000 On 2007-01-27
Down 2.4% from $419,000 On 2007-02-17

Previous Sales:
Sold on 2005-07-21 for $524,000

MLS# 70004830 Google Maps


3517 19th Ave
Sacramento, CA 95820
Total Loss: $114,000Percent Loss: 32.6%
Asking Price: $236,000
Bedrooms:3 Baths: 1 Sq. feet:1348

Previous Sales:
Sold on 2006-02-14 for $350,000

MLS# 70020263 Google Maps
Assessed Value Property Tax Bill


3320 9th Ave
Sacramento, CA 95817
Total Loss: $110,100Percent Loss: 44.0%
Asking Price: $139,900
Bedrooms:2 Baths: 1 Sq. feet:936

Listing History:
Down 44.0% from $250,000 On 2006-04-09
Down 34.9% from $214,900 On 2006-06-16
Down 30.0% from $199,900 On 2006-07-22
Down 26.3% from $189,900 On 2006-08-14
Down 24.3% from $184,900 On 2006-08-26
Down 6.7% from $149,900 On 2007-03-03

Previous Sales:
Sold on 2005-06-30 for $250,000

MLS# 70022322 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

Listing History:
Down 2.2% from $445,000 On 2006-07-28

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

MLS# 60083355 Google Maps
Assessed Value Property Tax Bill


950 Ranch Rd
Galt, CA 95632
Total Loss: $110,000Percent Loss: 22.4%
Asking Price: $380,000
Bedrooms:4 Baths: 2 Sq. feet:1999

Listing History:
Down 22.3% from $489,000 On 2006-08-19
Down 4.8% from $399,000 On 2007-01-20

Previous Sales:
Sold on 2004-01-23 for $167,000
Sold on 2004-11-04 for $379,000
Sold on 2005-10-31 for $490,000

MLS# 70005465 Google Maps
Assessed Value Property Tax Bill


9419 Misty River Way
Elk Grove, CA 95624
Total Loss: $109,000Percent Loss: 21.6%
Asking Price: $396,000
Bedrooms:4 Baths: 2 Sq. feet:2095

Previous Sales:
Sold on 2005-09-15 for $505,000

MLS# 70020392 Google Maps
Assessed Value Property Tax Bill


9649 Darley Way
Elk Grove, CA 95757
Total Loss: $109,000Percent Loss: 19.8%
Asking Price: $441,000
Bedrooms:4 Baths: 3 Sq. feet:2129

Previous Sales:
Sold on 2004-11-15 for $430,000
Sold on 2006-04-28 for $550,000

MLS# 70022052 Google Maps
Assessed Value Property Tax Bill


8873 Boreal Way
Elk Grove, CA 95758
Total Loss: $106,000Percent Loss: 23.6%
Asking Price: $344,000
Bedrooms:4 Baths: 2 Sq. feet:1857

Listing History:
Down 1.4% from $349,000 On 2006-12-30

Previous Sales:
Sold on 2004-11-08 for $359,000
Sold on 2006-09-05 for $450,000

MLS# 60134328 Google Maps
Assessed Value Property Tax Bill


5140 LOCUST Ave
Carmichael, CA 95608
Total Loss: $105,100Percent Loss: 18.6%
Asking Price: $459,900
Bedrooms:4 Baths: 2 Sq. feet:2262

Previous Sales:
Sold on 2005-09-06 for $565,000

MLS# 70023885 Google Maps
Assessed Value Property Tax Bill


7447 Prosperity Ct
Sacramento, CA 95828
Total Loss: $105,000Percent Loss: 28.4%
Asking Price: $265,000
Bedrooms:4 Baths: 2 Sq. feet:1713

Listing History:
Down 31.9% from $389,000 On 2007-01-27
Down 15.6% from $314,000 On 2007-02-03
Down 11.7% from $300,000 On 2007-02-09
Down 3.6% from $275,000 On 2007-02-17

Previous Sales:
Sold on 2005-07-01 for $370,000

MLS# 70007933 Google Maps
Assessed Value Property Tax Bill


9629 Country Falls Ln
Elk Grove, CA 95757
Total Loss: $104,691Percent Loss: 13.7%
Asking Price: $659,000
Bedrooms:6 Baths: 3 Sq. feet:3510

Listing History:
Down 20.1% from $825,000 On 2006-10-14
Down 4.4% from $689,000 On 2007-01-27
Down 2.2% from $674,000 On 2007-02-17

Previous Sales:
Sold on 2005-11-23 for $800,000
Sold on 2006-12-18 for $763,691

MLS# 70009205 Google Maps
Assessed Value Property Tax Bill


4201 Sunmeadow Dr
Sacramento, CA 95823
Total Loss: $102,500Percent Loss: 21.2%
Asking Price: $382,000
Bedrooms:5 Baths: 3 Sq. feet:2506

Previous Sales:
Sold on 2005-11-02 for $484,500

MLS# 70022292 Google Maps
Assessed Value Property Tax Bill


8243 Scarlet Oak Cir
Citrus Heights, CA 95610
Total Loss: $102,000Percent Loss: 23.4%
Asking Price: $333,000
Bedrooms:4 Baths: 2 Sq. feet:1998

Listing History:
Down 7.5% from $359,950 On 2007-01-20

Previous Sales:
Sold on 2005-10-11 for $435,000

MLS# 70007064 Google Maps
Assessed Value Property Tax Bill


9416 RED SPRUCE Way
Elk Grove, CA 95624
Total Loss: $100,100Percent Loss: 21.1%
Asking Price: $373,900
Bedrooms:4 Baths: 3 Sq. feet:2032

Previous Sales:
Sold on 2005-11-30 for $474,000

MLS# 70024816 Google Maps
Assessed Value Property Tax Bill


2106 Red Robin Ln
Sacramento, CA 95821
Total Loss: $100,050Percent Loss: 28.6%
Asking Price: $249,950
Bedrooms:2 Baths: 1 Sq. feet:810

Listing History:
Down 2.0% from $254,950 On 2006-09-02
Up 0.3% from $249,239 On 2006-11-11

Previous Sales:
Sold on 2004-06-23 for $190,000
Sold on 2006-09-21 for $350,000

MLS# 60098555 Google Maps
Assessed Value Property Tax Bill


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


153 Biscayne Way
Folsom, CA 95630
Total Loss: $100,000Percent Loss: 14.4%
Asking Price: $594,500
Bedrooms:6 Baths: 3 Sq. feet:2521

Listing History:
Down 8.5% from $650,000 On 2006-12-17

Previous Sales:
Sold on 2005-09-30 for $694,500

MLS# 70017406 Google Maps
Assessed Value Property Tax Bill


4728 Heatherbrae Cir
Sacramento, CA 95842
Total Loss: $97,416Percent Loss: 27.3%
Asking Price: $259,900
Bedrooms:3 Baths: 2 Sq. feet:1532

Listing History:
Down 28.3% from $362,500 On 2006-04-21
Down 23.6% from $340,000 On 2006-05-14
Down 13.3% from $299,900 On 2006-12-17
Down 8.8% from $284,900 On 2007-01-13
Down 4.8% from $272,900 On 2007-03-03

Previous Sales:
Sold on 2004-06-25 for $303,000
Sold on 2006-09-07 for $357,316

MLS# 70021914 Google Maps
Assessed Value Property Tax Bill


305 LEXINGTON Dr
Folsom, CA 95630
Total Loss: $97,000Percent Loss: 14.4%
Asking Price: $575,000
Bedrooms:5 Baths: 3 Sq. feet:2926

Listing History:
Down 2.7% from $590,900 On 2007-01-20

Previous Sales:
Sold on 2005-10-13 for $672,000

MLS# 70005573 Google Maps


11930 Hobday Rd
Wilton, CA 95693
Total Loss: $95,100Percent Loss: 14.3%
Asking Price: $569,900
Bedrooms:3 Baths: 2 Sq. feet:1746

Listing History:
Down 18.5% from $699,000 On 2006-12-30

Previous Sales:
Sold on 2005-09-28 for $665,000

MLS# 70019922 Google Maps
Assessed Value Property Tax Bill


8237 Summerplace Dr
Citrus Heights, CA 95621
Total Loss: $95,100Percent Loss: 27.2%
Asking Price: $254,900
Bedrooms:3 Baths: 2 Sq. feet:1184

Previous Sales:
Sold on 2005-10-13 for $350,000

MLS# 70021892 Google Maps


7961 53rd Ave
Sacramento, CA 95828
Total Loss: $95,000Percent Loss: 39.6%
Asking Price: $145,000
Bedrooms:2 Baths: 2 Sq. feet:1135

Listing History:
Down 6.5% from $155,000 On 2007-01-20

Previous Sales:
Sold on 2006-06-27 for $240,000

MLS# 70006249 Google Maps


3517 10th Ave
Sacramento, CA 95817
Total Loss: $95,000Percent Loss: 35.8%
Asking Price: $170,000
Bedrooms:2 Baths: 1 Sq. feet:918

Previous Sales:
Sold on 2005-10-14 for $265,000

MLS# 70023853 Google Maps
Assessed Value Property Tax Bill


3409 Virgo St
Sacramento, CA 95827
Total Loss: $95,000Percent Loss: 27.1%
Asking Price: $255,000
Bedrooms:3 Baths: 2 Sq. feet:1320

Listing History:
Down 1.5% from $259,000 On 2007-03-03

Previous Sales:
Sold on 2005-12-16 for $350,000

MLS# 70011995 Google Maps
Assessed Value Property Tax Bill


9582 Gentle Mare Pl
Elk Grove, CA 95624
Total Loss: $94,000Percent Loss: 13.2%
Asking Price: $619,000
Bedrooms:5 Baths: 3 Sq. feet:3360

Listing History:
Down 13.4% from $715,000 On 2006-04-09
Down 6.1% from $659,000 On 2007-02-17
Down 4.6% from $649,000 On 2007-02-24
Down 3.1% from $639,000 On 2007-03-03

Previous Sales:
Sold on 2006-05-10 for $713,000

MLS# 70015502 Google Maps
Assessed Value Property Tax Bill


5516 Redwood Burl Way
Antelope, CA 95843
Total Loss: $93,000Percent Loss: 19.9%
Asking Price: $375,000
Bedrooms:3 Baths: 2 Sq. feet:2009

Listing History:
Down 23.1% from $487,500 On 2006-07-28
Down 21.1% from $475,000 On 2006-08-26
Down 9.6% from $415,000 On 2006-12-09
Down 6.1% from $399,500 On 2007-01-27
Down 3.1% from $387,000 On 2007-02-24

Previous Sales:
Sold on 2005-05-26 for $468,000

MLS# 60130757 Google Maps
Assessed Value Property Tax Bill


261 Anjou Cir
Sacramento, CA 95835
Total Loss: $92,100Percent Loss: 17.6%
Asking Price: $429,900
Bedrooms:3 Baths: 2 Sq. feet:2187

Listing History:
Down 4.4% from $449,900 On 2006-12-23
Down 2.3% from $439,900 On 2007-01-27

Previous Sales:
Sold on 2005-07-18 for $522,000

MLS# 70022624 Google Maps
Assessed Value Property Tax Bill


8717 Camden Dr
Elk Grove, CA 95624
Total Loss: $90,100Percent Loss: 14.9%
Asking Price: $514,900
Bedrooms:4 Baths: 3 Sq. feet:2730

Listing History:
Down 18.9% from $635,000 On 2006-06-16

Previous Sales:
Sold on 2004-08-30 for $495,000
Sold on 2005-10-20 for $605,000

MLS# 70027090 Google Maps


3412 San Carlos Way
Sacramento, CA 95817
Total Loss: $90,100Percent Loss: 32.2%
Asking Price: $189,900
Bedrooms:3 Baths: 1 Sq. feet:1594

Previous Sales:
Sold on 2006-04-13 for $280,000

MLS# 70022674 Google Maps
Assessed Value Property Tax Bill


210 Eastbrook Cir
Sacramento, CA 95835
Total Loss: $90,001Percent Loss: 17.3%
Asking Price: $429,999
Bedrooms:3 Baths: 2 Sq. feet:2407

Previous Sales:
Sold on 2005-10-14 for $520,000

MLS# 70025022 Google Maps
Assessed Value Property Tax Bill


2828 Hinton Cir
Elk Grove, CA 95758
Total Loss: $88,000Percent Loss: 13.5%
Asking Price: $565,000
Bedrooms:3 Baths: 2 Sq. feet:2093

Listing History:
Down 8.7% from $619,000 On 2007-01-06
Down 5.7% from $599,000 On 2007-01-20
Down 3.4% from $585,000 On 2007-01-27

Previous Sales:
Sold on 2004-05-06 for $460,000
Sold on 2006-04-13 for $653,000

MLS# 70020087 Google Maps
Assessed Value Property Tax Bill

Total 746 in Sacramento County

9 comments :

Perfect Storm said...

3000 FIT's by next year. No takers for the Delvan Circle giant stucco crap boxes I can't imagine why.

Anonymous said...

Perfect Storm, You must quit exaggerating. There was only a 3% increase in FITs this week, down from a 7.3% increase last week (977 vs. 946).

So let's see, if we use a 3% compounding rate, we will reach 3000 FITs in....... oops, 38 weeks.

As I said Perfect, you must quit understating the FIT problem. We will have 3,000 FITs before next year.

Max said...

Ha!

Actually, they seem to come in fits and starts. This might have more to do with a point Sippn made last week. More and more of these are bank REOs, and they tend to list en masse.

My stats tell me that flipper inventory (as well as FIT inventory) is increasing faster than overall inventory... should be an interesting Spring.

Perfect Storm said...

As I said Perfect, you must quit understating the FIT problem.

LMAO,

The key to this FIT scenario is how bad real estate related employment will get hit. Now if I remember right Feb 06 was a really bad year for sales and now they say Feb 07 is worse, now does that mean sales are down by 50% from the peak. If so then 50% of real estate related jobs should be history.

Anonymous said...

Max says..."Actually, they seem to come in fits and starts..."

Max, you big punster!

Today, every "start" just produces another FIT. It is going to be that way for a while until the home builders lay off (pun intended here to, Perfect) all the starts.

Anonymous said...

Hey just wanted to say thanks for the grerat blog. All you bubble bloggers are providing a tremendous service to the public, whether they like it or not! I just saw a chart the other day, I think through some state Asociation of Realtors it showed back in 1999-2001 or so there were about 700,000 or so Realtors in the US. That number increased significantly over the next few years, in fact it just about doubled. As of 2005-2006 it said there are now some 1,300,000 Realtors. So yes a 50% reduction in the number of Realtors should be about right.

Anonymous said...

In a weak moment, I had a real estate license back a few recessions ago - 1981+ (let it expire). I got a chance to list and sit on 2 REO's. There was a reason they were REO's ...they were boring and the poor market exposed them.

Looking at the FITs on Delevan (as well as a few in Lincoln, etc.) these investors bought them under construction and did not spend one penny on upgrades and extras but attempted to sell them at the fully loaded price. Exposed by the market.


Nobody wants $1 tile and $5 rug at $900K. Big square footage without nice finishs is nothing more than cubic air....empty.

Anonymous said...

I would be very curious to know the most popular zip codes for FITs.

... said...

That looks like an easy question - Elk Grove -7 and-8 and Rancho Cordova (anatoloia)