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: Les H who wrote (87190)	8/27/2007 12:01:49 AM
From: Les H	Read Replies (1) \| Respond to of 306849

Arlington Condos justnewlistings.com

To: Les H who wrote (87190)	8/27/2007 4:16:30 PM
From: Tradelite	Respond to of 306849

Les, I have a hint for you if you want to see whether prices of specific houses in specific neighborhoods have risen or fallen, so you don't have to rely on media reports about "rising" or "falling" prices. If you are a Realtor or if you know one who can pull this up for you in a couple of minutes, use the MLS function that will generate an excel-type spreadsheet of tax records for every house in a particular subdivision. This spreadsheet will give tax data--house number, street, BR/BA, lot size, and other features, plus original sales price when built and all succeeding sales prices if sold since built. This works especially well with condos or townhouse or tract-housing developments where houses were pretty much alike when first built. Then compare what those houses in the same subdivision were selling for five years ago, three years ago, a year ago, or whatever suits your fancy, and compare with final sales prices achieved in the last year or two. Then you will know whether prices have risen or fallen. Relying on recent comps (which only cover a relatively few houses actively being sold or bought in a specific short timeframe), relying on price reductions of houses still on market, relying on median prices, does NOT tell us whether house prices in a particular area are rising or falling.