Comments on: Bay Area June Housing Stats Show Downward Spiral

By: San Mateo Home Sellers in Trouble

San Mateo Home Sellers in Trouble — Tue, 19 Aug 2008 20:26:52 +0000

erm..this is from a month ago. I blogged about it on July 18th: http://sanmateore.dreamhosters.com/2008/07/san-mateo-median-home-price-down-100k-from-last-year/

By: Susan Brady

Susan Brady — Tue, 19 Aug 2008 19:24:03 +0000

That’s it. I’m putting the caffeine back in my coffee! I was expecting the new info today and made a very bad assumption that the top story was the right one. Oops. Guess I will add the right one to tomorrow’s Weekly News Round-Up. Glad I have sharp readers like you all to keep me on my toes (and to help me realize I need the caffeine).

By: Red

Red — Tue, 19 Aug 2008 17:46:47 +0000

Ah, yes, Solano and Contra Costa can drop, but not the Real Bay Area. Why, in SF 8 out of 23 zips show an increase in price, and 2 of 16 show an increase in $/sq ft. Most of SF has just moved out of the RBA…
Now, 94133, THERES the RBA, UP 59.7% and going for $2342 per sq ft! Eight homes sold! Woo! North Beach and Washington Square and Lombard, Yes!

By: Doug

Doug — Tue, 19 Aug 2008 16:58:12 +0000

Susan, what are you smoking?

By: Colin

Colin — Tue, 19 Aug 2008 16:32:58 +0000

Btw, not sure why you are reporting June’s numbers when July’s should be out today.

By: Colin

Colin — Tue, 19 Aug 2008 16:31:48 +0000

So the “positive sign” is essentially that foreclusres are selling at vastly reduced priced whereas non foreclosure sales continue to be decimated.