Comments on: Volume Down. Median Down. http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/ Tracking the Arcadia and San Gabriel Valley Housing Market Mon, 06 Sep 2010 06:58:10 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Headless Unicorn Guy http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/comment-page-1/#comment-2154 Headless Unicorn Guy Tue, 06 May 2008 17:15:27 +0000 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/#comment-2154 What if that's not the greenhouse -- THAT'S THE PROPERTY? What if that’s not the greenhouse –
THAT’S THE PROPERTY?

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/comment-page-1/#comment-2119 TheArcadian Sun, 04 May 2008 08:59:57 +0000 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/#comment-2119 Like you, I am absolutely baffled by this listing. Do any readers here see something that I'm missing? Like you, I am absolutely baffled by this listing. Do any readers here see something that I’m missing?

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/comment-page-1/#comment-2118 TheArcadian Sun, 04 May 2008 08:57:03 +0000 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/#comment-2118 My thoughts exactly. With only 30-some sales each month, it isn't a very good indicator of where prices are actually heading. But by comparing quarter-to-quarter sales volume, we get a good idea that buying activity has slowed down dramatically and inventory will no doubt continue to increase; therefore putting more pressure on home prices. My thoughts exactly. With only 30-some sales each month, it isn’t a very good indicator of where prices are actually heading. But by comparing quarter-to-quarter sales volume, we get a good idea that buying activity has slowed down dramatically and inventory will no doubt continue to increase; therefore putting more pressure on home prices.

]]> By: Sean http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/comment-page-1/#comment-2116 Sean Sun, 04 May 2008 00:09:11 +0000 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/#comment-2116 The sample size seems too small to determine accurate Median price. I think it would useful to see the the price per square foot, grouped into how many years old the home is when sold or when it was remodeled. Personally I think looking at data compared to the previous year is dangerous. For example, when the Nasdaq was 4000 after hitting 5000 it was 20% off the high, but over 7 years later, it's still around 2500. It's true that stocks and homes are not the same. But most people graph stocks and not home prices. So it's good to see home technical data. I really enjoy the home price vs income. It shows how far off current values are. The sample size seems too small to determine accurate Median price. I think it would useful to see the the price per square foot, grouped into how many years old the home is when sold or when it was remodeled.

Personally I think looking at data compared to the previous year is dangerous. For example, when the Nasdaq was 4000 after hitting 5000 it was 20% off the high, but over 7 years later, it’s still around 2500.

It’s true that stocks and homes are not the same. But most people graph stocks and not home prices. So it’s good to see home technical data. I really enjoy the home price vs income. It shows how far off current values are.

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/comment-page-1/#comment-2114 TheArcadian Sat, 03 May 2008 18:53:34 +0000 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/#comment-2114 llking, Sorry, I forgot to point out why the discrepancy in those two numbers. My data showing the median price for each month was pulled from DataQuick. (dqnews.com) The graph underneath was pulled from City-Data and I believe they use figures pulled from U.S. Census. (city-data.com) Thanks for bringing this up. I'll take a look into why the numbers don't match up. llking,

Sorry, I forgot to point out why the discrepancy in those two numbers. My data showing the median price for each month was pulled from DataQuick. (dqnews.com)

The graph underneath was pulled from City-Data and I believe they use figures pulled from U.S. Census. (city-data.com)

Thanks for bringing this up. I’ll take a look into why the numbers don’t match up.

]]> By: george8 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/comment-page-1/#comment-2107 george8 Sat, 03 May 2008 16:19:37 +0000 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/#comment-2107 There must be an ocean view from this property to be asking this cool $775k. Perhaps, there is gold mine or oil reserve underneath the property. Perhaps, the owner and the realtor are just having too much to drink. There must be an ocean view from this property to be asking this cool $775k. Perhaps, there is gold mine or oil reserve underneath the property. Perhaps, the owner and the realtor are just having too much to drink.

]]> By: llking http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/comment-page-1/#comment-2106 llking Sat, 03 May 2008 16:10:00 +0000 http://www.arcadiahousingblog.com/2008/05/03/volume-down-median-down/#comment-2106 SBG, I believe you got the median price incorrectly for the recent quarter. If all 3 months median price is above 680K, how can your quarterly median price be below 650K? SBG,

I believe you got the median price incorrectly for the recent quarter. If all 3 months median price is above 680K, how can your quarterly median price be below 650K?

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