Sunday, August 10, 2008

Da weekly Tumble

Here's the latest numbers for Housing Tracker.

Riverside, California

Including Arlington, Bloomington, Box Springs, Canyon Crest, Casa Blanca, Colton, Corona, Crestmore, Fontana, Grand Terrace, Jurupa, La Sierra, Mira Loma, Moreno Valley, Norco, Perris, Rubidoux, Woodcrest

Trend08/07/20081 month3 month6 month12 month
Median Price$250,000-6.0%-16.4%-28.6%-41.7%
Inventory14,017+3.7%-0.8%+2.6%-3.2%

Historical Data

DateInventory25th Percentile50th Percentile
(Median)
75th Percentile
08/07/200814,017$186,900$250,000$350,000
08/01/200814,002$189,900$255,000$350,000
07/28/200813,430$190,000$259,000$354,900
07/21/200813,470$194,900$259,900$359,000
07/14/200814,390$195,000$260,000$359,900
07/07/200813,511$199,000$266,000$365,000


And here's the county wide numbers

Trend08/04/20081 month3 month6 month12 month
Median Price$250,000-5.6%-16.4%-26.3%-36.7%
Inventory45,490-2.2%-5.2%-7.8%-14.1%


DateInventory
(SFH + Condo)
25th Percentile50th Percentile
(Median)
75th Percentile
08/04/200845,490$180,000$250,000$369,000
07/28/200845,999$184,500$254,900$369,900
07/21/200847,243$185,000$257,600$371,175
07/14/200845,778$189,900$259,999$379,000
07/07/200846,531$189,905$264,900$379,900

8 comments:

Rob Dawg said...

12 mo -41.7% annualized -41.7%
06 mo -28.6% annualized -57.2%
03 mo -16.4% annualized -65.6%
01 mo -06.0% annualized -72.0%

No, I did not compound.

golfer_X said...

Well, that certainly puts it in perspective!

So does that mean "there's never been a better time to buy"? Sarcasm off!

alex said...

They will be paying us to live in them in two years!

FreedomCM

Martin Burtin said...

Na, the Chinese will buy them before they get that low. :/

jennalee ryan said...

so....ive been waiting for the right deal to come along...and a house that i have been eyeing for over a year finally dropped to $499,900 from $649,000, putting it right in my price range...so i think. i call a lender and with a middle credit score of 627, they want me to put 25% down !!! (My income is WAY substantial...they say it s strictly the "low" credit score) oh, and the interest rate is 6.8%. so heres the deal...now that prices are coming down, interest rates are going up so that the "deal" isnt such a good "deal"...not to mention that a huge percentage of buyers must be getting cut out due to the restrictive guidelines. Guess Ill wait another year....

Martin Burtin said...

J Ryan, thanks for sharing your experience, we learn more from one report like that, than a hundred pondering "what ifs". Btw, did you try for an FHA loan? They are supposed to have lower downs and looser credit score levels for acceptance.

yzfrwon1 said...

JR - the lender is right, 627 is a low score. Anything less than 700 nowadays will get looked at very carefully.

jennalee ryan said...

yes, i am seeing that 627 is low....it wasnt too low just 8 months ago when i refinanced my house for $417,000.00 I know that it wasnt a great score...but i didnt think that it was "low". I used to think of 700 as a "great" credit score....i guess that now it is just "good" Yes, the lender was looking at fha.She was just really pessimistic. I called wamu today and they said that they would do it with 25% down, unless my credit was 660 .Oh well...the faster I run, the behinder I get!!