Thursday, November 20, 2008

October sales by city

Here's October sales by city report from DataQuick.


Riverside County 4,446 $230,000
$351,500 -34.57%

AGUANGA 3 $304,500
$222,500 36.85%
BANNING 56 $142,000
$264,500 -46.31%
BEAUMONT 146 $252,500
$322,500 -21.71%
BLYTHE 9 $280,000
$222,000 26.13%
CABAZON 3 $75,500
n/a n/a
CALIMESA 2 $181,000
$265,000 -31.70%
CATHEDRAL CITY 84 $195,000
$330,000 -40.91%
COACHELLA 68 $196,000
$235,750 -16.86%
CORONA 508 $350,000
$470,000 -25.53%
DESERT HOT SPRINGS 107 $119,500
$234,500 -49.04%
HEMET 208 $154,000
$266,000 -42.11%
HOMELAND 5 $199,000
n/a n/a
IDYLLWILD 9 $180,000
$320,000 -43.75%
INDIAN WELLS 14 $750,000
$1,217,500 -38.40%
INDIO 190 $230,000
$329,750 -30.25%
LA QUINTA 101 $305,000
$511,500 -40.37%
LAKE ELSINORE 170 $210,000
$320,500 -34.48%
MECCA 2 $110,750
$59,000 87.71%
MENIFEE 118 $242,000
$355,750 -31.97%
MIRA LOMA 48 $302,818
$475,000 -36.25%
MORENO VALLEY 529 $171,000
$341,500 -49.93%
MOUNTAIN CENTER 5 $235,000
$427,500 -45.03%
MURRIETA 326 $266,000
$395,000 -32.66%
NORCO 39 $390,000
$635,000 -38.58%
NORTH PALM SPRINGS 2 $41,500
$170,200 -75.62%
NUEVO 6 $187,000
$529,000 -64.65%
PALM DESERT 90 $350,000
$386,500 -9.44%
PALM SPRINGS 113 $267,500
$330,000 -18.94%
PERRIS 231 $168,500
$325,750 -48.27%
RANCHO MIRAGE 51 $435,500
$558,500 -22.02%
RIVERSIDE 512 $225,000
$395,000 -43.04%
SAN JACINTO 111 $170,000
$280,500 -39.39%
SUN CITY 146 $210,500
$314,500 -33.07%
TEMECULA 268 $309,500
$418,000 -25.96%
THERMAL 5 $180,000
$95,500 88.48%
THOUSAND PALMS 8 $130,000
n/a n/a
WILDOMAR 81 $280,000
$379,500 -26.22%
WINCHESTER 69 $265,450
$391,500 -32.20%


San Bernardino County 2,872 $200,000 $330,000 -39.39%

ADELANTO 90 $122,250 $260,000 -52.98%
APPLE VALLEY 125 $150,000 $260,000 -42.31%
BARSTOW 29 $95,000 $129,000 -26.36%
BIG BEAR CITY 36 $210,000 $259,000 -18.92%
BIG BEAR LAKE 43 $335,000 $365,000 -8.22%
BLOOMINGTON 35 $150,000 $490,000 -69.39%
CEDAR GLEN 5 $153,000 n/a n/a
CHINO 91 $320,500 $464,000 -30.93%
CHINO HILLS 80 $462,500 $595,000 -22.27%
COLTON 68 $159,000 $303,000 -47.52%
CRESTLINE 24 $122,500 $250,000 -51.00%
FAWNSKIN 3 $390,000 n/a n/a
FONTANA 402 $248,750 $415,000 -40.06%
FOREST FALLS 3 $235,000 $167,500 40.30%
GRAND TERRACE 12 $241,250 $322,000 -25.08%
GREEN VALLEY LAKE 2 $157,500 $222,500 -29.21%
HELENDALE 14 $158,000 $305,000 -48.20%
HESPERIA 190 $165,000 $275,000 -40.00%
HIGHLAND 74 $222,000 $370,000 -40.00%
HINKLEY 2 $71,250 $152,500 -53.28%
JOSHUA TREE 16 $139,500 $181,250 -23.03%
LAKE ARROWHEAD 34 $310,000 $395,000 -21.52%
LOMA LINDA 23 $335,500 $425,000 -21.06%
LUCERNE VALLEY 9 $150,000 $170,000 -11.76%
LYTLE CREEK 2 $172,500 $175,000 -1.43%
MENTONE 17 $315,000 $370,000 -14.86%
MONTCLAIR 49 $241,000 $355,000 -32.11%
MORONGO VALLEY 5 $124,500 $130,000 -4.23%
NEWBERRY SPRINGS 2 $95,000 $135,000 -29.63%
ONTARIO 165 $233,000 $367,500 -36.60%
PHELAN 21 $200,000 $370,000 -45.95%
PINON HILLS 5 $272,000 $242,500 12.16%
RANCHO CUCAMONGA 190 $350,000 $450,000 -22.22%
REDLANDS 59 $253,500 $402,500 -37.02%
RIALTO 135 $190,000 $319,500 -40.53%
RUNNING SPRINGS 8 $171,000 $349,000 -51.00%
SAN BERNARDINO 285 $120,000 $260,000 -53.85%
SUGARLOAF 14 $139,000 $215,500 -35.50%
TWENTYNINE PALMS 25 $115,000 $140,000 -17.86%
TWIN PEAKS 3 $180,000 $242,500 -25.77%
UPLAND 55 $393,000 $504,500 -22.10%
VICTORVILLE 305 $158,000 $275,000 -42.55%
WRIGHTWOOD 7 $200,000 $276,500 -27.67%
YUCAIPA 61 $260,000 $364,500 -28.67%
YUCCA VALLEY 39 $122,000 $210,000 -41.90%

2 comments:

Christina said...

Hey X,
Love your blog!!! Just thought I'd tell you about two situations from people I know:
My sister in law bought in Moval at the top: single story for $400,000. She hasn't been paying her mortgage for some months and has been waiting for the lender to approve a short sale since June. They moved out, pretty much abandoning the home. If anything happens to it, they may be liable.

A friend of ours bought near LA in the $400's as well, he hasn't paid his in months either and was willing to let it go. He said the lender is going to work with him to give him a better interest rate and he is going to keep it now.

Seems to me that regardless of AB1137, the lender would rather make sure the buyer pays back the original principle, and will find a way to force them to do so. Seems smart to me, in that a foreclosure lets the buyer out scott free while not foreclosing leaves the buyer with a debt they are responsible to pay back. That debt is also left open on their credit. If I were the buyer, I would be praying for foreclosure to take away my mistake.

Regardless of the slowdown in foreclosures, I think people are trying to pick the bottom and looking for a sharp turn around(like in the stock market - I'm a stock trader). But house prices don't go from -30% year over year one month to positive the next. I think these bottom pickers will end up just as bitter as those who bought at the top. These buyer will end up sellers in two years unhappy with their decision, making the prices decline even further.

I am like you, I have been rethinking about when to buy based on the changing data and the economy / stock market. I just keep pushing the date back further and further.

Sorry this is so long!!!

Rob Dawg said...

See that Wrightwood in San Berdoo? Watch for a cratering. A whole mess of REOs came on market in the last two weeks. With 7 sales way up from recent 4-5 rates the median is about to get whiplash.