SoCal Homes for Sale

[CORONA]

Actually, I think prices will probably stay flat or go down somewhat.... I dont think prices will go up this year... so if your a good potential buyer, meaning good credit, some money for down payment... you have a large inventory of houses to choose from... and now, there is no such thing as a "lowball" offer... most sellers will entertain almost any offer..... why not... you or them have nothing to loose....  oppurtunity will be out there soon, more than it is now.  Happy hunting....lol

[weechona]

Yay!!!!!

[Double_G]

sell me your house for 5k over hat you paid for it nick. i'll buy it today. come on buddy, hook a brodah up

[CORONA]

Times are tough right now...It might go into forclosure... look it up on the forclosure auctions... its a great house.... good luck.

[ByronTRodz]

Price  Vs. '06  Sales  Vs. '06  
Los Angeles  $547,500  +5.3%  6,809  -23.0%  
Orange County  $640,000  +0.0%  2,391  -19.8%  
Riverside $399,000  -3.9%  2,769  -41.9%  
San Bernardino  $355,000  -3.1%  2,008  -42.6%  
San Diego $489,000  -2.2%  3,106  -13.3%  
Ventura  $582,500  -5.1%  784  -16.7%  
All So. Cal.  $505,000  +3.7%  17,867  -27.4%

These numbers seem to match up with our industry reports. If you want more details you can go to this link and read the whole story.

http://www.dqnews.com/RRSCA0807.shtm

IMPO, the market will correct itself over the next 48 months and interest rates may go up about a per cent. I personally like this type of (buyers) market!

Oh by the way... If you know of any person or investor that is interested in expanding thier real estate portfolio please put them in touch with me.

[Double_G]

Times are tough right now...It might go into forclosure... look it up on the forclosure auctions... its a great house.... good luck.

what they'd sell your house for now compared to 5 years ago, i could not afford it. you do have a great house thought. pool table in the living room, that's king shit.

[CORONA]

Thanks CJ...

[CORONA]

What a difference 2 months makes.... SoCal's median price change down ...... its going to be a bumpy road.... for homeowners.. especially in the inland Empire... not good for me, but good for potential buyers preparing themselves to "buy in" sometime in the next couple of years...no bottom yet... I doubt its going to be this year... check out these links.... lets see what these next few months do to the percentages....ouch! :cry:

http://www.longislandbubble.com/sheeplesguide.html

http://bp1.blogger.com/_nSTO-vZpSgc/RxU_ComUOVI/AAAAAAAABbs/hP3jCHSy72c/s1600-h/socal-prices.png?ref=patrick.net

http://www.dqnews.com/RRSCA1007.shtm

http://housing-watch.com/home.aspx?d=360

http://longislandbubble.com/images/shiller_mod.gif

[ByronTRodz]

I have a 4 bedroom, 3 bathroom house (1500 Sq Ft) listed in Ontario for $399k. Seller is also willing to do a 2/1 buy down of the interest rate for the buyer.

The market will take approximately 18 months to correct itself and then is going to essentially 'tread water' for another 18 months before we see another substantial rise in home values. Anyone planning on purchasing now should know that they'll simply have to stay put for at least 5 years before thinking about a resale (or flip).

PS: Stick with what you read on http://www.dqnews.com/ and shit can the rest of those other links. DQNews delivers facts and figures as opposed to speculation and baseless opinions.

Here's another good article to read:
http://www.dqnews.com/RRCA0907.shtm

[CORONA]

Why would anybody stick to one site for information.... seems a bit narrow minded to me.  Knowledge is power, and there are plenty of other sites that provide different points of view, whether it be for or against ones ideas.  

"The market will take approximately 18 months to correct itself and then is going to essentially 'tread water' for another 18 months before we see another substantial rise in home values."  Speculation....at its best. :wink:


Latest...

http://www.dqnews.com/RRSCA1007.shtm

[CORONA]

Everyone put your seatbelts on and pump your brakes......  :cry:
SoCal homes are plummeting..... all you potential buyers out there... start saving your money for your downpayment, now is the time to prepare as the optimal time to buy in will be in the 1 to 2 years from now.... I dont make predictions, but it is logical that if the number in sales are down, prices will keep following.

Latest....
http://www.dqnews.com/RRSCA1107.shtm

AT A GLANCE.....

Aug-07 Percent
Change
Los Angeles 10,140 6,647 -34.4% $520,000 $550,000 5.8%
Orange 3,456 2,285 -33.9% $630,000 $642,250 1.9%
Riverside 5,292 2,834 -46.4% $420,000 $394,523 -6.1%
San Bernardino 3,970 2,096 -47.2% $366,000 $360,000 -1.6%
San Diego 3,853 3,104 -19.4% $495,000 $475,000 -4.0%
Ventura 1,146 789 -31.2% $600,000 $575,000 -4.2%
SoCal 27,857 17,755 -36.3% $487,000 $500,000 2.7%



Oct-07 Percent
Change
Los Angeles 8,451 4,368 -48.3% $520,000 $500,000 -3.8%
Orange 2,929 1,700 -42.0% $625,000 $573,750 -8.2%
Riverside 4,408 2,463 -44.1% $412,136 $350,000 -15.1%
San Bernardino 3,547 1,603 -54.8% $365,000 $330,000 -9.6%
San Diego 3,449 2,327 -32.5% $490,000 $460,000 -6.1%
Ventura 961 538 -44.0% $590,000 $535,000 -9.3%
SoCal 23,745 12,999 -45.3% $482,750 $444,000 -8.0%

[ByronTRodz]

... as the optimal time to buy in will be in the 1 to 2 years from now....

Ummm, More Speculation.... but not at its best  :shock: ...but then again, what the heck do I know... I'm narrow minded (LMAO) :roll:  

I'm through with this thread...  :lol: it's all yours...   I'm gonna let you have the last word on this one (ROFL).  :lol:  :lol:  :lol:

[CORONA]

2008  is a whole new year for the Real Estate Market, lets see what the numbers say from the so called DQ News that "delivers facts and figures as opposed to speculation and baseless opinions". :wink:

 "Continued nose-dive for Southland home sales." :shock:

"Last month's sales were by far the lowest for any December in DataQuick's statistics, which go back to 1988."

"Last month's median was 15.8 percent below the $505,000 peak reached last spring and summer." :cry:

and this is why........

"Since the credit crunch hit in August, these loans for over $417,000 have become more expensive and harder to obtain. " :idea: Boy, I need a drink!

All Home Sales  
Change
Los Angeles 8,479 4,430 -47.8% $525,000 $470,000 -10.5%
Orange 2,985 1,731 -42.0% $630,000 $565,000 -10.3%
Riverside 4,542 2,503 -44.9% $432,000 $355,000 -17.8%
San Bernardino 3,357 1,518 -54.8% $370,000 $315,000 -14.9%
San Diego 3,823 2,468 -35.4% $495,000 $430,000 -13.1%
Ventura 1,023 590 -42.3% $590,000 $525,250 -11.0%
SoCal 24,209 13,240 -45.3% $490,000 $425,000 -13.3%

Source http://www.dqnews.com/RRSCA0108.shtm

Well, so long Edwin, wish you the best wherever you move to and starting your new roofing business. To all you potential future home buyers, this is good news for you, in the years to come, prices will be much more affordable when you are ready to buy. Remember, 3X your annual income, and when rent is almost the same as buy, then its time to get in.  Happy hunting.

CORONA

[Anonymous]

Strange........I've never seen that helmet before, firehydrant looks familiar though.... :lol:  :lol:  :lol:  :lol:  :lol:  :lol:

[CORONA]

Southern California dropped more than 14% from last year with the Inland Empire seeing the worst decline. 2008 will be a pathetic year for the housing market. Some expect a worse year than 2007.  So much for treading water, more like the sinking Titanic.  :cry: No need for a crystal ball to see where the housing market is going.  I need a drink.

"Southland home sales slowest for any month in 20 years"

http://www.dqnews.com/RRSCA0208.shtm

"California Foreclosure Activity Still Rising"

"Last quarter's number of defaults was the highest in DataQuick's statistics, which go back to 1992."

http://www.dqnews.com/RRFor0108.shtm