Does a report like Juliana Lee’s exist for San Mateo?
This site truly has some useful data: http://www.julianalee.com/reinfo/monthly.shtml
Here’s an example:
Is there a site like this for cities in San Mateo county?
In general there’s so much less free data for San Mateo than there is for Santa Clara.
Pointers anyone?
May 24th, 2008 at 11:09 am
Juliana’s site has some useful data, but those graphs are really brain-dead. A series of increasing bars appear to be a time series, so the casual viewer thinks Bay Area Real Estate Always Goes Up. The bars are actually ordered lowest to highest sale price, and represent individual property sales. The graph doesn’t tell you anything useful at all, yet appears to show an increasing price trend. Bar graphs should be used for comparing quantities, not sales prices of separate homes over a month.
Yeesh. This is what happens when non-tech people try to pretend they understand math.
May 24th, 2008 at 11:15 am
Juliana’s site has some useful data, but those graphs are really brain-dead. A series of increasing bars appear to be a time series, so the casual viewer thinks Bay Area Real Estate Always Goes Up. The bars are actually ordered lowest to highest sale price, and represent individual property sales. The graph doesn’t tell you anything useful at all, yet appears to show an increasing price trend. Bar graphs should be used for comparing quantities, not sales prices of separate homes over a month.
Yeesh. This is what happens when non-tech people try to pretend they understand math.
Amateurs.
May 24th, 2008 at 11:16 am
sorry for dup comment, site having some curious errors again. burbed, feel free to delete one.
May 24th, 2008 at 11:29 am
Burbed, the graph shows 16 SFH’s and the list shows 36 condos and townhouses.
#11 and #12 (SFH) are quite “impressive”:
11) 421 Hedgerow Ct SFR Mar-13 $1,099,000 $1,099,000 $1,301,711 2588 7210
12) 281 Mercy St SFR Mar-12 $1,135,000 $1,135,000 $1,350,000 1541 6785
May 24th, 2008 at 11:54 am
It’s Saturday, the Mercury News/Dataquick report is up.
Sales volume continues down for all zips except:
GILROY up 3%!
WILLOW GLEN up 2%
SJ 95131 up 31%
That’s it, everywhere else is down a lot.
Sales prices are down in most non-RBA zips. Here’s a few observations.
Up:
Cupertino – $1,007K 14.5%
Los Gatos 95032 – $1,140K 14.7%
Palo Alto 94301 – $2,250K 23%
SJ West 95129 – $897K 11%
Sunnyvale 94087 – $950K, -2.5%
Levelling off:
Los Altos 94024 – 1.624K 2.3% (94022 down again)
Los Gatos 95030 – $1,800K 1%
Mountain View 94041 & 94033
Saratoga – $1,465K -0.7%
Willow Glen – $780K -1%
Dropping:
Los Altos 94022 – $1,930K -9.2%
Los Gatos 95033 – $982K -16.6%
Mountain View 94040 – down so much I’m wondering if there’s a new condo development to pull the price down
Palo Alto 94306 – $1,100K -7%
Whoops, looks like the RBA got smaller again.
May 24th, 2008 at 3:43 pm
madhaus,
What did SM county look like in that report?
May 24th, 2008 at 3:47 pm
The other bogus part about the graph is that it shows sale price versus “LIST” price. What you want to see is the “original list,” or the price at which the agent set the price at. List price is a moving target, and doesn’t reflect how many times the home was reduced (or increased.) It makes the agents look more accurate than they really are.
This is data taken from the MLS, and someone has probably written a simple MS Excel macro to show a graph from a simple table.
May 24th, 2008 at 5:13 pm
RinkRat, San Mateo prices did not appear in this week’s SJMN Real Estate online section. Usually they are there as a different article but this time only Santa Clara and Santa Cruz counties are listed. Sorry.
Also another error, Sunnyvale 94087 belongs with “Levelling Off” not “Up.”
May 24th, 2008 at 5:54 pm
Have you looked at the data published by the San Mateo County AOR?
Here is SAMCAR’s stats page:
http://www.samcar.org/index.cfm/sales_statistics.htm
Here are the single family stats for April, 2008:
http://www.samcar.org/userfiles/file/salesstats/SF_200804.pdf
May 24th, 2008 at 10:57 pm
>>A series of increasing bars appear to be a time series, so the casual viewer thinks Bay Area Real Estate Always Goes Up. The bars are actually ordered lowest to highest sale price, and represent individual property sales.
I hate to say it this way, but what kind of dumb sh** would get confused by a simple graph like this? Don’t forget, this is the Bay Area. Smart people is the norm.
May 24th, 2008 at 11:06 pm
Wow, do I read this right? Palo Alto 94301 is selling at $1,230 per sq. ft.? Sure blows Madhaus’ neighborhood out of the water. Watch out next month, when this featured house closes escrow at over $2000 per sq. ft.:
http://www.burbed.com/2008/05/23/palo-alto-home-price-drops-16/
Mahdaus, I’m really worried by all the massive price drops!
May 26th, 2008 at 1:09 pm
Burbed, are you sure you are not missing something?
None of the properties listed under the graph is over $1m except one, and that is where the overbid happens in the graph.
Also it is interesting that she lists the list price rather than the original list price in the graph, if you look at #3, it would have been pretty dramatic with the original list price. But hey, list price is list price, that has no relevance to what the property worths. That is why Case-Shiller price index is useful.
May 27th, 2008 at 10:35 am
rick sez: Burbed, are you sure you are not missing something?
None of the properties listed under the graph is over $1m except one, and that is where the overbid happens in the graph.
This confirms the Dataquick numbers I’ve been posting every week. Mountain View 94040, where the million plus homes are located, took a huge hit over the last 3-4 weeks. The upper end just disappeared from the market. Altos Research’s graphs also confirm this.
May 27th, 2008 at 3:47 pm
Mountain View 94040, where the million plus homes are located, took a huge hit over the last 3-4 weeks.
——–
Looks like this summer is going to be a long and hard one. And this is not even 2009.