I'll keep up with the Google Earth file as well, since I've been getting ~50 downloads a day. Boy, you guys like your Flippers In Trouble! :)
FIT File for 2007-05-12
Download Google Earth
![]() 9821 Trailhead Ct Wilton, CA 95693 |
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![]() 5749 Pomegranate Ave Sacramento, CA 95823 |
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![]() 7018 NEW SACTO WAY Sacramento, CA 95824 |
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![]() 7016 Santa Juanita Ave Orangevale, CA 95662 |
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![]() 6325 Castro Verde Way Elk Grove, CA 95757 |
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![]() 9582 Nordman Way Elk Grove, CA 95624 |
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![]() 11890 Delavan Cir Rancho Cordova, CA 95742 |
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![]() 10370 Frank Greg Way Elk Grove, CA 95757 |
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![]() 130 Aviator Cir Sacramento, CA 95835 |
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![]() 15068 Lago Dr Rancho Murieta, CA 95683 |
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![]() 7079 NEW SACTO WAY Sacramento, CA 95824 |
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![]() 7717 Victory Ave Sacramento, CA 95828 |
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![]() 5111 Fredericksburg Way Sacramento, CA 95835 |
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![]() 9465 White Horse Way Elk Grove, CA 95624 |
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![]() 7669 Sunset Ave Fair Oaks, CA 95628 |
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![]() 15007 Guadalupe Dr Rancho Murieta, CA 95683 |
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![]() 6521 Oscar Cir Elk Grove, CA 95757 |
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![]() 10189 Blossom Ridge Dr Elk Grove, CA 95757 |
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![]() 5301 Divot Cir Fair Oaks, CA 95628 |
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![]() 7489 24th St Sacramento, CA 95822 |
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![]() 7410 Cessna Dr Citrus Heights, CA 95621 |
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![]() 10213 Lofton Ct Elk Grove, CA 95757 |
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![]() 521 Alcantar Cir Sacramento, CA 95834 |
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![]() 7824 Jacinto Rd Elk Grove, CA 95758 |
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![]() 9809 Summer Glen Way Elk Grove, CA 95757 |
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![]() 7337 Dave St Sacramento, CA 95828 |
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![]() 4311 Cadee Ct Rancho Cordova, CA 95742 |
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![]() 7818 Manorside Dr Sacramento, CA 95832 |
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![]() 9226 Bearint Way Elk Grove, CA 95758 |
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![]() 1933 Bastona Dr Elk Grove, CA 95758 |
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![]() 24 Indigo Oaks Ct Sacramento, CA 95834 |
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![]() 808 Natoma St Folsom, CA 95630 |
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![]() 8873 Boreal Way Elk Grove, CA 95758 |
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![]() 7148 Mariposa Ave Citrus Heights, CA 95610 |
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![]() 120 Mahonia Cir Sacramento, CA 95835 |
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![]() 1939 Richfield Way Sacramento, CA 95832 |
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![]() 10062 SILVER LEGENDS Dr Sacramento, CA 95829 |
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![]() 7579 Glacken Way Sacramento, CA 95828 |
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![]() 7913 Coral Oak Way Citrus Heights, CA 95610 |
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![]() 9308 Engleside Ct Elk Grove, CA 95758 |
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![]() 261 Anjou Cir Sacramento, CA 95835 |
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![]() 10049 Prairie Dunes Way Sacramento, CA 95829 |
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![]() 3517 10th Ave Sacramento, CA 95817 |
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![]() 5568 Honor Pkwy Sacramento, CA 95835 |
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![]() 8265 Primoak Way Elk Grove, CA 95758 |
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![]() 6506 Fuego Way Elk Grove, CA 95758 |
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![]() 8966 Haflinger Way Elk Grove, CA 95757 |
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![]() 9976 Pinot Gold Pl Elk Grove, CA 95624 |
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![]() 1435 Youngs Ave Sacramento, CA 95838 |
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![]() 5140 LOCUST Ave Carmichael, CA 95608 |
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Sum of Losses: $45,806,813
7 comments :
Max, we do like your FIT data. It really speaks volumes to the market. Once again, it appears a JTS home tops the losers list in Sacramento County (Trailhead). When will people learn that JTS probably creates more FITs than any other builder. You buy, you may lose. Imagine, buying a house in June 2006, only to realize you will be losing $229,500 12 months later. Of course that assumes the FIT gets asking price, pays no commission, and had no carrying costs the last 12 months. Ouch.
So there are 1262 FITs this week. Only a 2% increase over last week. That is smaller rate of increase this week for real estate losses in Sac Metro. Or maybe it is just a lower number of Flippers realizing their houses need to be listed at a loss in order to sell. Well, they will know soon enough.
Thanks for presenting the data both ways, old and new. This method is sobering, without a doubt, and conveys much more impact.
Those six-figure losses (which are ASKING prices, right? It doesn't mean they'll find a buyer, even at these prices?) are hair-raising, and it's doubtful that we're anywhere close to where this is going to end up...
Thanks for this page, it is REALLY enlightening!
And the data is scarier by the week - Only a few months ago the FIRST page contained listings with losses smaller than 100k; now the SECOND page is up to only losses over 90k; I bet in 2-3 weeks, they'll also all be over 100k. VERY scary!
again, thanks!
All these are being sold by the original owner and aren't finance company REOs?
Anon 3:16 PM,
The inventory includes REO's though they are hard to define. Max has a way to identify "Likely REO's and lists them as such.
Use "control F", type in "REO" and search. There are three likely REOs on the first page of listings.
I do love watching those asking prices get bumped down, .00001% at a time. Yea, that'll get you a buyer!
What opened my eyes was coming across some land for sale outside of Dixon, 12.8 acres.
In mid 2006 they asked 1,275,000. After a few reductions, they are down to 525,000.
Kinda makes you wonder
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