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Originally Posted by l2ridehd
07 I know my data is not accurate as to total number of homes as I throw out all abnormal transactions, home types I have no interest in and I miss many FSBO. Trends would be meaningful though. It reached a bottom in March of 2008, remained flat for about a year, then started moving up. It has moved up significantly in the last few months. Started in mid to late August. In fact volume has almost doubled from the very bottom to the latest high. Also remember this is just a portion of the resale market only. I do nothing with new. And selling price is moving up as well. As soon as the inventory is reduced, probably about 90 to 180 days based on current available homes, I would expect to see sharpe price increases. Again this would be dependant on what TV does with new homes. But history says they will sell at what the market will accept.
I do this analysis as I occasionally buy homes to flip, buy homes to rent, and to track home value. So my scope of interest is not the total market. I focus mainly on Designer homes, patio villas and ranches. I ignore CYV and Premiers as I have no interest in them for my use. So trends have valuable information, total volumes I track is just a segment of the market I want to understand.
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Wow. I have always been interested in your assessments. Very good information and I thank you.
I have a strange ability to remember prices of homes. I am more interested in Premiers and Designers, but I agree that Designers are slowly heading up in TV. Our comparable home on a comparable lot has gone up about 5K in price in about 15 months.