Sunday, July 6, 2008 at 07:55PM
3rd Quarter Contest
Want to guess how the third quarter is going to turn out?
We've seen sales dropping steadily over the last three years - but the sales of bank-owned properties has picked up lately. What can we expect for 3Q08?
Leave your guess in the comment section - how many sales will there be of detached SD County homes in the third quarter of 2008? The winner will receive two tickets to a San Diego Chargers game!
Currently there are 12,543 active listings, and 3,791 pendings.
Here is the quarterly history:
SD County Detached-Home Sales by Quarter
Year
1stQtr
2ndQtr
3rdQtr
1996
3,597
5,135
4,780
1997
4,021
5,556
5,892
1998
4,603
7,135
6,644
1999
5,394
7,252
7,033
2000
5,349
6,620
6,290
2001
4,951
6,358
6,696
2002
5,988
7,358
6,683
2003
5,576
7,371
8,518
2004
5,906
7,960
7,374
2005
5,465
7,726
7,029
2006
4,565
5,764
4,907
2007
3,964
4,896
3,876
2008
2,964
4,782
????
We'll take the total on the morning of November 1, 2008. The remaining Charger games to pick from will be Kansas City on November 9th, Indianapolis on November 23rd, Atlanta on November 30th, Oakland on December 4th, or Denver on December 28th. Good Luck!
Jim the Realtor
69 Comments
View Printer Friendly Version
Email Article to Friend
Reader Comments (69)
2,666 - really neg feelings about the economy from oil prices, inflation, sinking stocks, morons running for presidency combined with rising interest rates result in a big slow down til the end of the year... (no olympic rally...)
3675 (tie breaker should be % of sales being REOs; 50%)
3942; 53% REOs (3 of them yours!)
4300
3501
3768. I think the flood of REOs will continue crushing prices, and lure more investors in.
3305
3742
4120! Man I'd love to see a Chargers game
3600
3233
4450 :)
3645
4150
3254
4242 (With hopes I get one of them to raise my family in)
3300
3650
4,343
3460
3,700
3000
7000 - lots of pent-up inventory. Banks will cave in soon.
4,000
Dmax, I'd gladly give up Charger tickets to see that happen.
4176
4200. If I win, Jason can have the tickets.
3850
5432
4165 is the number.Does anyone want to buy my chargers tickets?
3430 - Too bad we can't guess on how many are homeowner sales and how many are bank owned.September will be the first month in Sandiego with more bank owned sales than homeowner sales.Which will continue thru the winter.
3995, more REOs snapped up by knife catchers
2777 - 43% REO
4,020
3502
3,901
3546
3838
4444
6666
3,562
3756
5555
3350
3395
My girlfriend is from Denver, and loves football. Too bad I have no clue how many sales there will be in third quarter. I'd rather guess how many lenders will be left!
5001 40% will of those buyers will be underwater in 6 months
3275. But probably twice as many listed as "pending" with closing delayed because the prospective lender seems to have disappeared.
2525. With the economy tanking, even the REOs will be a hard sell.
2422 - the economy will cave faster than the banks.