Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: damainman who wrote (44026)	11/3/2005 2:35:34 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

where are you? (sounds like bay area?)

To: damainman who wrote (44026)	11/4/2005 11:35:31 AM
From: No Mo Mo	Read Replies (2) \| Respond to of 306849

I live in a working class area of San Francisco. (Yes, those do exist believe it or not.) I was contemplating selling my home so I have been paying very close attention to how many homes go on the market and how long they stay there. It's still like clockwork. "For Sale" sign goes up, they have one or two weekends of open house showings, and the "Sold" sign goes up. It's three to five weeks front to back. NO ONE seems stressed about turning them and it looks like the market is still plenty liquid. I had the realtor who sold me this house run comps and the prices are still being bid to crazy levels. One guy down the street asked $565,000 for a dinky, ramshackle cottage (~1,000 sq. ft.) and he get over $600,000. Just my observations.

To: damainman who wrote (44026)	11/5/2005 12:28:47 PM
From: Suma	Respond to of 306849

From a community in Sarasota Fl. Prior to my leaving for NC in May there was seldom a home in my community for sale and when one did come on he market it was sold within a week.. The one down the block had a bidding war and went off the market at $ 329.000 I am now seeing four For Sale Signs on homes in the same block. They have been there for 10 days... Obviously to me there is a slow down. Same neighborhood,same everything but fewer buyers. I asked a painter who was sprucing up the one home what the asking price was and he said about $ 308.000 indicative that prices have come down.