Comments on: $400k house in Santa Clara – moving fast!

By: Herve Estater

Herve Estater — Wed, 15 Jul 2009 16:11:25 +0000

You can add 2 in 94303:
1023 Oregon Avenue
2375 Sierra Court

5,850 foreclosures in Santa Clara County…

By: Marty McFly

Marty McFly — Wed, 15 Jul 2009 15:49:52 +0000

Ah numbers, the kryptonite of all salespersons.

By: Pralay

Pralay — Wed, 15 Jul 2009 15:34:20 +0000

As RealEstater asking for foreclosure info, let's look at his own track record (or denial, to be precise) in this topic. Do you remember "there is no such thing as foreclosure in Palo Alto"? He even went on saying this:

You are about as likely to know someone who has had their house foreclosed as you would be getting into a car accident.

He even provided data from SF chronicle:

Sunnyvale 94087 – 3 Mountain View 94041 – 1 Cupertino 95014 – 1 Los Altos 94024 – 0 Palo Alto 94301 – 0 Palo Alto 94306 – 0 Atherton 94027 – 0 Woodside 94062 – 0 Menlo Park 94028 – 0 Burlingame 94010 – 1 San Carlos 94070 – 2

Damn! That's looks likes so picture perfect! Let's use same database provided in RealEstater: Sunnyvale 94087 – 3 7 Mountain View 94041 – 1 4 Cupertino 95014 – 1 10 Los Altos 94024 – 0 1 Palo Alto 94301 – 0 1 Palo Alto 94306 – 0 2 Atherton 94027 – 0 1 Woodside 94062 – 0 1 Menlo Park 94028 – 0 0 Burlingame 94010 – 1 8 San Carlos 94070 – 2 12 Looks like "car accident" is increasing - in some zipcodes it is increasing in slow pace and in some zipcodes faster. Remember we bottomed in January? So this is is the evidence of bottom that trend is now in positive direction. I know what RealEstater would say now! ~~"No such thing as foreclosure in Palo Alto"~~ One foreclosure in 94301 (the one of the two zipcodes of the remnant of RBA) - big deal!:)

By: Pralay

Pralay — Wed, 15 Jul 2009 14:55:15 +0000

. How many foreclosures are you finding in 94087 or 94301?
—–

Good to know that RBA is not confined to only TWO zipcodes.

By: DreamT

DreamT — Wed, 15 Jul 2009 09:37:37 +0000

“(…) and East palo Alto.”

abolition of orthography is indeed well under way

By: Real Estater

Real Estater — Wed, 15 Jul 2009 08:40:17 +0000

Foreclosures in “Silicon Valley”? Sounds dramatic, except it’s really about foreclosures in San Jose and East palo Alto. How many foreclosures are you finding in 94087 or 94301?

By: Real Estater

Real Estater — Wed, 15 Jul 2009 08:38:30 +0000

LOL! Mansion glut? What does that have to do with you, Pralay? I’m sure those Pacific Heights dwellers are begging you to buy their homes now!

By: Pralay

Pralay — Wed, 15 Jul 2009 07:17:03 +0000

Remember RBA bottomed in January? Evidence is everywhere. SF is taking the lead. Silicon Valley is not far behind.

By: nomadic

nomadic — Wed, 15 Jul 2009 06:24:00 +0000

Abolition of orthography?

Perfect!

By: Pralay

Pralay — Wed, 15 Jul 2009 06:22:36 +0000

Downturn is always in the future. ---- $-50000.00 upturn for a RBA property that must not have "downturn pricing".

By: Pralay

Pralay — Wed, 15 Jul 2009 06:16:48 +0000

We are still waiting for your entertaining answer to this post.
—

Well, used car salesman ask questions for commissions (not for entertainment).

By: Pralay

Pralay — Wed, 15 Jul 2009 06:13:40 +0000

Abolition of orthography?
——

LOL! That would be Prop 1313. Just wait for next ballot.

By: Real Estater

Real Estater — Wed, 15 Jul 2009 06:11:35 +0000

Pralay, We are still waiting for your entertaining answer to this post.

By: Herve Estater

Herve Estater — Wed, 15 Jul 2009 06:09:21 +0000

> Anybody wants to guess what he is hoping now?

Abolition of orthography?

By: Pralay

Pralay — Wed, 15 Jul 2009 06:08:40 +0000

We all are waiting for an entertaining answer to #27…eagerly.

By: Real Estater

Real Estater — Wed, 15 Jul 2009 05:58:26 +0000

Same old troll post.

Next.

By: Pralay

Pralay — Wed, 15 Jul 2009 05:45:47 +0000

Let's see who was hoping what. This guy was hoping that lower price would never come to RBA. After 11 months same guy is admitting 20% "real drop". Anybody wants to guess what he is hoping now?

By: Real Estater

Real Estater — Wed, 15 Jul 2009 04:25:57 +0000

>>The same will happen with RBA real estate. It will simply be the last to correct.

I know. Downturn is always in the future. You can keep hoping!

By: steve

steve — Wed, 15 Jul 2009 03:48:04 +0000

great graphs! thanks.

By: nomadic

nomadic — Tue, 14 Jul 2009 22:54:54 +0000

Here’s the prestige index for San Diego:

http://www.firstrepublic.com/lend/residential/prestigeindex/realtor/sandiego.html

Looks like prices have fallen to 2004 levels.

LA isn’t quite as bad – looks like 2005; comparable to San Francisco:
http://www.firstrepublic.com/lend/residential/prestigeindex/realtor/losangeles.html

Here’s their summary as of a month ago:
http://www.firstrepublic.com/lend/residential/prestigeindex/index.html