Comments for Andrew Dowling http://andrewdowlingblog.com Davis Real Estate & Market Update Mon, 06 Sep 2010 05:44:31 +0000 http://wordpress.org/?v=2.3.1 Comment on What if property prices had not skyrocketed? by adowling http://andrewdowlingblog.com/?p=32#comment-441 adowling Sat, 15 Nov 2008 07:36:53 +0000 http://andrewdowlingblog.com/?p=32#comment-441 For this analysis, I compared the third quarter of 1999 to the third quarter of 2008. Per our Multiple Listing Service (MLS), the average sales price per square foot in the 3rd qtr of '99 was $179. At 5% appreciation per year, 9 years later the prices would be $277.7. The average sales price per square foot in the 3rd qtr of '08 was actually $305 (again, per the MLS data) which is roughly 10% higher, but I mentioned 5% to 10% in my original post because I could tell from the latest closings and the pending sales that the 4th quarter average price per square foot is likely going to be in the $290's (probably low 290's which is 5% higher than $278). I appreciate your comment. The information on Trulia could be correct (I am not sure where they get their data (perhaps county records) and whether or not it's comprehensive). The MLS data I use for all my statistical analysis does not usually include private party sales). For this analysis, I compared the third quarter of 1999 to the third quarter of 2008. Per our Multiple Listing Service (MLS), the average sales price per square foot in the 3rd qtr of ‘99 was $179. At 5% appreciation per year, 9 years later the prices would be $277.7.

The average sales price per square foot in the 3rd qtr of ‘08 was actually $305 (again, per the MLS data) which is roughly 10% higher, but I mentioned 5% to 10% in my original post because I could tell from the latest closings and the pending sales that the 4th quarter average price per square foot is likely going to be in the $290’s (probably low 290’s which is 5% higher than $278).

I appreciate your comment. The information on Trulia could be correct (I am not sure where they get their data (perhaps county records) and whether or not it’s comprehensive). The MLS data I use for all my statistical analysis does not usually include private party sales).

]]> Comment on What if property prices had not skyrocketed? by Jatal http://andrewdowlingblog.com/?p=32#comment-440 Jatal Sat, 15 Nov 2008 00:43:11 +0000 http://andrewdowlingblog.com/?p=32#comment-440 Thanks. Thanks.

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