Comments on: Stats & Numbers: San Francisco Single Family Home & Condo Median Price, Sales Rate (DOM), & Supply/Demand December 2006 thru December 2008 http://thefrontsteps.com/2009/01/14/stats-numbers-san-francisco-single-family-home-condo-median-price-sales-rate-dom-supplydemand-december-2006-thru-december-2008/ Real Estate, Insight, Statistics, Gossip, & News...With a Twist and Some Flavor Thu, 09 Feb 2012 04:27:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Clever1 http://thefrontsteps.com/2009/01/14/stats-numbers-san-francisco-single-family-home-condo-median-price-sales-rate-dom-supplydemand-december-2006-thru-december-2008/comment-page-1/#comment-7584 Clever1 Wed, 14 Jan 2009 23:23:22 +0000 http://thefrontsteps.com/?p=3848#comment-7584 Of course the more data points the better, but as it is these graphs tell the story of the (latest) bubble burst. The top of the market by any measure appear to have occurred around June 2007 (though the trend estimate seems to lag a few months behind). The escalation of the decline in recent months is also noteworthy. Sure, it does not give enough information about the "fair value" of properties, but does provide some pretty clear rules of thumb. Judging by the number of properties that have been bought in mid 2007 and that are priced higher by sellers today, this is a reality check that is much needed. Of course the more data points the better, but as it is these graphs tell the story of the (latest) bubble burst. The top of the market by any measure appear to have occurred around June 2007 (though the trend estimate seems to lag a few months behind). The escalation of the decline in recent months is also noteworthy. Sure, it does not give enough information about the “fair value” of properties, but does provide some pretty clear rules of thumb. Judging by the number of properties that have been bought in mid 2007 and that are priced higher by sellers today, this is a reality check that is much needed.

]]> By: asad http://thefrontsteps.com/2009/01/14/stats-numbers-san-francisco-single-family-home-condo-median-price-sales-rate-dom-supplydemand-december-2006-thru-december-2008/comment-page-1/#comment-7583 asad Wed, 14 Jan 2009 23:10:45 +0000 http://thefrontsteps.com/?p=3848#comment-7583 this is becoming a pet peeve of mine, why only 2 years worth of data ? I think you need a minimum of 10 years worth of data before you can make a decision, 20 would be much better. How can you tell anything about a market with 2 years worth of data ? Everyone agrees RE is cyclical well with 2 cycles how can you derive any conclusion ? Would you like at 2 days or 2 weeks of stock market history ? this is becoming a pet peeve of mine, why only 2 years worth of data ? I think you need a minimum of 10 years worth of data before you can make a decision, 20 would be much better. How can you tell anything about a market with 2 years worth of data ?

Everyone agrees RE is cyclical well with 2 cycles how can you derive any conclusion ? Would you like at 2 days or 2 weeks of stock market history ?

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