The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (9141)	2/22/2003 2:08:31 PM
From: Lizzie Tudor	Read Replies (1) of 306849

more fluffy news Valley home sales have strong start in '03 siliconvalley.com Which is interesting since last night on the news there was a piece on an auction of the last phase of a new Santa Clara valley Citation homes development (Robin's Run) for a minimum bid of $250K (obviously too low)- these were sold at $600K at one point and obviously aren't moving- the builder decided to auction off the remaining 70 units and get out of town. On the same show, a realtor was quoted saying there are 10 homes listed in the bay area for every 4 that sell currently. Sounds about right to me. Lizzie

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