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Well, it’s been two weeks since the last update and in the last fourteen days about 305 homes in San Mateo County were listed on Redfin. This time viagra no prescription needed qualified as home sellers in trouble. This is nearly viagra no prescription needed of all the new listings in San Mateo! Quite a few of these homes are marked as lender owned. Here are some highlights.

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I have noticed that a lot of homes with last sale prices of September or October of this year are lender owned. For example, the biggest loser for this report is a lender owned property and its last sale price is a weird number that doesn’t end with a zero. I have spotted at least 10 homes like this.

I personally think it’s still a good idea for home shoppers to wait a year or two before purchasing, because from this data it seems that the situation is getting worse. that there were only 46 troubled homes listed in a two week period and that was equivalent to about 10% of the homes newly listed. Today I am finding almost 20% of the homes newly listed are lower than their last sale price. That is a very big change in merely 4 weeks. Since San Mateo is a fairly small county and supposedly the most resistant to the foreclosure situation I imagine the problem is a lot worse in other counties. Additionally, a lot of the homes in trouble I have listed in previous reports viagra no prescription needed and they will pull down the prices further. Another trend I noticed is that viagra no prescription needed, so that means we’re rolling back prices to more than 3 years ago. I think that the price of every home should roll back to before 2004, but I am realistic and I don’t think that will happen right away. However, I think it will happen one handful at a time.

Once again, I will update the statistics I gathered in, and if you missed any part of this series you can start reading . Another update will be posted in two weeks. Finally, I will present to you my favorite photo of the bunch. This is :

It’s hard to imagine that someone paid over $1000 per squarefoot for this place, but it happened. I may use the picture for my 404 page.

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viagra no prescription neededon 11.20.07 at 9:43 am

A new visitor to your site….ran across it from a link posted to patrick.net. Good info.

Quick question? How do you determine a “house in trouble” on redfin? Do you simply compare the asking price to the last sale price, and if the asking price is lower, then you consider it as a “house in trouble” listing?

I do a similar thing, but wondered if there was a “search” function on Redfin that allowed you to find all the homes with an asking price lower than the last sale price. That would be a handy feature.

Thank you for the post. I’ll be sure to check back in a couple of weeks.

Charles-

viagra no prescription neededon 11.20.07 at 12:17 pm

I’ve been watching San Mateo RE for over a year. Lots of overpriced property but it looks like there’s manipulation by realtors going on too. I’ve seen properties drop 10% in asking price, go off the market and get reported “sale pending” or “sold” on the realtor’s home page, then reappear on the market 3 months later at the same price.

It looks still very much like realtors are trying to scare buyers into paying top dollar by making it look like young people should feel fortunate to pay $600k for a dilapidated, 2-bedroom shack.

viagra no prescription neededon 11.20.07 at 12:49 pm

Great post. Fascinating to see how quickly things are changing. Also, love the photo. That would be awesome for a 404 page! :-)

viagra no prescription neededon 11.20.07 at 12:52 pm

This is a dream house for a web developer. :) ))

viagra no prescription neededon 11.20.07 at 3:12 pm

We’ve seen this coming for years… everyone was trying to jump on the housing boom, borrowing money hoping to cash in big… what were they thinking??

viagra no prescription neededon 11.20.07 at 6:38 pm

Hello- go to Buffalo New York-and see equivalent to #404-selling for $10-to 15 thousand!!!

viagra no prescription neededon 11.21.07 at 6:54 pm

“It’s hard to imagine that someone paid over $1000 per squarefoot for this place, ”

In reality, that someone is an unknown (foreign) investor who had no idea about the place in the first place.

viagra no prescription neededon 03.03.08 at 11:50 pm

Yo!
I’v found a lot of useful information, thank you!!!
Bye

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