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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (43470)	10/14/2005 12:53:40 PM
From: Win-Lose-Draw	Respond to of 110194

Nah, I pray before. :)

To: ild who wrote (43470)	10/14/2005 2:40:53 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

SD real estate update. Sept 2005 sales: 3486 vs 3581 sept 2004, 3404 Aug 05 avg $627,060 vs $582,236 sept 2004, $641,151 Aug 05 days on market 53 vs 35 sept 2004, 49 Aug 05 Oct month to date is a pace of less than 2000 closings vs 3356 oct 2004. If this pace holds up, then it is a significant drop. Oct month to date pending is around 3000. We are heading to the slower season. How slow this year? This is a HOV project downtown that I have been keeping an eye on. Take a look at the price reductions. sandiegodowntown.info sandiegodowntown.info Before I left on vacation a month ago, HOV had 7 units on the market. I was surprised to see that they have only 1 left and sold 6, though none have apparently closed yet. Upon further digging, it appears that they have drastically reduced the price to move them. unit # old LP LP when sold (actual SP unknown right now) 1757 $1,873k $1,545k 1702 $968k $800k 1704 $1,010k $785k 1601 $679k $600k 1501 $666k $598k 1401 $653k $596k I wonder how HOV dealt with the buyers who had paid more for similar units before?