Comments on: New Market Analysis Tools from Redfin http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/ News & discussion about real estate & the housing bubble in the Seattle area. Sat, 21 Nov 2009 14:52:31 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: RickB http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54579 RickB Sun, 17 Aug 2008 19:26:08 +0000 http://seattlebubble.com/blog/?p=2417#comment-54579 Is comment #18 in violation of the comment policy?

Also, from now on, no commercial links may be left in the body of the comment. If you want to fill in your business link in the comment form where it says “website,” feel free to do that, and it will be linked to your name. But posts with links to a business in the body of the comment will be edited or deleted. If you want to advertise your business on Seattle Bubble, you need to pay just like everyone else.

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]]> By: “I Think I Just Had a Nerdgasm” | Redfin Corporate Blog http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54508 “I Think I Just Had a Nerdgasm” | Redfin Corporate Blog Fri, 15 Aug 2008 18:48:22 +0000 http://seattlebubble.com/blog/?p=2417#comment-54508 [...] new neighborhoods release inspired all sorts of reactions. Many, like The Tim on SeattleBubbleBlog, lauded the new release as “a great resource for figuring out what’s going on in the hyper [...]
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]]> By: Ira Sacharoff http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54496 Ira Sacharoff Fri, 15 Aug 2008 04:11:47 +0000 http://seattlebubble.com/blog/?p=2417#comment-54496 I find myself agreeing with David Losh more and more. Does that mean there's something's wrong with me? I don't think it's the internet per se that's resulting in the successes of places like Redfin or operation's like 500 Realty...I think it's more of a response to the fact that many people were dissatisfied getting nothing for their 6%. Believe it or not, there are some lazy and dishonest realtors out there, and that created the opening for a Redfin. People thought " This guy did nothing for me for my 6%, and he's a lying weasel to boot.", and figured they've got as much brains and ability to do research as many realtors. That said, there are some real estate agents out there willing to do the legwork and the research , have the negotiating skill and know the ropes, and those people are continuing to do well because they've earned people's trust.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54496','Ira Sacharoff',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54496','Ira Sacharoff','I find myself agreeing with David Losh more and more. Does that mean there\'s something\'s wrong with me? \r\nI don\'t think it\'s the internet per se that\'s resulting in the successes of places like Redfin or operation\'s like 500 Realty...I think it\'s more of a response to the fact that many people were dissatisfied getting nothing for their 6%.\r\nBelieve it or not, there are some lazy and dishonest realtors out there, and that created the opening for a Redfin. People thought \" This guy did nothing for me for my 6%, and he\'s a lying weasel to boot.\", and figured they\'ve got as much brains and ability to do research as many realtors.\r\nThat said, there are some real estate agents out there willing to do the legwork and the research , have the negotiating skill and know the ropes, and those people are continuing to do well because they\'ve earned people\'s trust.',''); return false;">Quote</a></div> I find myself agreeing with David Losh more and more. Does that mean there’s something’s wrong with me?
I don’t think it’s the internet per se that’s resulting in the successes of places like Redfin or operation’s like 500 Realty…I think it’s more of a response to the fact that many people were dissatisfied getting nothing for their 6%.
Believe it or not, there are some lazy and dishonest realtors out there, and that created the opening for a Redfin. People thought ” This guy did nothing for me for my 6%, and he’s a lying weasel to boot.”, and figured they’ve got as much brains and ability to do research as many realtors.
That said, there are some real estate agents out there willing to do the legwork and the research , have the negotiating skill and know the ropes, and those people are continuing to do well because they’ve earned people’s trust.
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]]> By: david losh http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54488 david losh Fri, 15 Aug 2008 02:56:24 +0000 http://seattlebubble.com/blog/?p=2417#comment-54488 It depends on what better means. People complain about the services they receive for 6% commissions. I agree that is a high number for getting nothing. It may be better to pay less for getting nothing. The problem is the service people get. The consumer still gets nothing, but pays less for it. The standard then becomes nothing. Transparency to me means informed choices. When I look at properties people go with me. I get advice, I use agents in some cases. When I pay an agent I expect value. When I pay I want something of value. When I pay for a second set of eyes I want an eyes on value. I want knowledge, wisdom, experience, and negotiable value. Otherwise it's just colored lights on a computer screen.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54488','david losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54488','david losh','It depends on what better means. People complain about the services they receive for 6% commissions. I agree that is a high number for getting nothing. It may be better to pay less for getting nothing. \r\nThe problem is the service people get. The consumer still gets nothing, but pays less for it. The standard then becomes nothing. \r\nTransparency to me means informed choices. When I look at properties people go with me. I get advice, I use agents in some cases. When I pay an agent I expect value. When I pay I want something of value. When I pay for a second set of eyes I want an eyes on value. I want knowledge, wisdom, experience, and negotiable value. \r\nOtherwise it\'s just colored lights on a computer screen.',''); return false;">Quote</a></div> It depends on what better means. People complain about the services they receive for 6% commissions. I agree that is a high number for getting nothing. It may be better to pay less for getting nothing.
The problem is the service people get. The consumer still gets nothing, but pays less for it. The standard then becomes nothing.
Transparency to me means informed choices. When I look at properties people go with me. I get advice, I use agents in some cases. When I pay an agent I expect value. When I pay I want something of value. When I pay for a second set of eyes I want an eyes on value. I want knowledge, wisdom, experience, and negotiable value.
Otherwise it’s just colored lights on a computer screen.
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]]> By: patient http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54479 patient Thu, 14 Aug 2008 21:35:48 +0000 http://seattlebubble.com/blog/?p=2417#comment-54479 David, I think it's the internet that changes the face of Real Estate not discount brokers per say. It's the power of the internet coupled with alternative business models to the old agent formula. And yes, I think it's for the better. A lot better<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54479','patient',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54479','patient','David, I think it\'s the internet that changes the face of Real Estate not discount brokers per say. It\'s the power of the internet coupled with alternative business models to the old agent formula. And yes, I think it\'s for the better. A lot better',''); return false;">Quote</a></div> David, I think it’s the internet that changes the face of Real Estate not discount brokers per say. It’s the power of the internet coupled with alternative business models to the old agent formula. And yes, I think it’s for the better. A lot better
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]]> By: david losh http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54478 david losh Thu, 14 Aug 2008 21:31:24 +0000 http://seattlebubble.com/blog/?p=2417#comment-54478 After leaving the last comment it seems to me that most people would miss the concept of rodfon. There have always been discount brokerages. The difference is, in the past, the commission was paid after the transaction was done. What Kelman and others did was convince Congress to allow the commission to be disbursed at closing. The rebate can now be paid to the buyer or seller as a portion of costs to be included in the transaction. In the process the over all commission system was villified. What everyone had been trying to avoid up to that point was transactions going to the lowest bidder. Paying some one to do business with you works on a volume basis. When large Real Estate companies tried to do this many years ago smaller companies cried foul. The term was the "Wal Marts of Real Estate." So the concept of radfon has always been around, Ray is correct it will change the face of Real Estate, not for the better, and now they have new charts and graphs, the concept developed by Tim.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54478','david losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54478','david losh','After leaving the last comment it seems to me that most people would miss the concept of rodfon. There have always been discount brokerages. The difference is, in the past, the commission was paid after the transaction was done. What Kelman and others did was convince Congress to allow the commission to be disbursed at closing. The rebate can now be paid to the buyer or seller as a portion of costs to be included in the transaction.\r\nIn the process the over all commission system was villified. What everyone had been trying to avoid up to that point was transactions going to the lowest bidder. Paying some one to do business with you works on a volume basis. \r\nWhen large Real Estate companies tried to do this many years ago smaller companies cried foul. The term was the \"Wal Marts of Real Estate.\"\r\nSo the concept of radfon has always been around, Ray is correct it will change the face of Real Estate, not for the better, and now they have new charts and graphs, the concept developed by Tim.',''); return false;">Quote</a></div> After leaving the last comment it seems to me that most people would miss the concept of rodfon. There have always been discount brokerages. The difference is, in the past, the commission was paid after the transaction was done. What Kelman and others did was convince Congress to allow the commission to be disbursed at closing. The rebate can now be paid to the buyer or seller as a portion of costs to be included in the transaction.
In the process the over all commission system was villified. What everyone had been trying to avoid up to that point was transactions going to the lowest bidder. Paying some one to do business with you works on a volume basis.
When large Real Estate companies tried to do this many years ago smaller companies cried foul. The term was the “Wal Marts of Real Estate.”
So the concept of radfon has always been around, Ray is correct it will change the face of Real Estate, not for the better, and now they have new charts and graphs, the concept developed by Tim.
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]]> By: patient http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54477 patient Thu, 14 Aug 2008 21:29:50 +0000 http://seattlebubble.com/blog/?p=2417#comment-54477 What I think? I think Redfin and groundbreaking sites like it will increase their market share rapidly in the next couple of years. Blogs like SeattleBubble can play a role by giving feedback from interrested consumers towards the internet brokers, that what I think. What do you think?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54477','patient',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54477','patient','What I think? I think Redfin and groundbreaking sites like it will increase their market share rapidly in the next couple of years. Blogs like SeattleBubble can play a role by giving feedback from interrested consumers towards the internet brokers, that what I think. What do you think?',''); return false;">Quote</a></div> What I think? I think Redfin and groundbreaking sites like it will increase their market share rapidly in the next couple of years. Blogs like SeattleBubble can play a role by giving feedback from interrested consumers towards the internet brokers, that what I think. What do you think?
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]]> By: being patient http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54476 being patient Thu, 14 Aug 2008 21:24:11 +0000 http://seattlebubble.com/blog/?p=2417#comment-54476 I have to agree that this site has pulled me into reading it. It is interesting to read all the different opinions on this site as well as on other blogs and sites. Patient, Do you think that these sites make a big difference to people trying to buy or sell real estate? What I am asking is will MOST people take the time to read these blogs before making their decisions? For example there are a few different views on this site. However the majority of the views appear to be similiar. What do you think?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54476','being patient',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54476','being patient','I have to agree that this site has pulled me into reading it. It is interesting to read all the different opinions on this site as well as on other blogs and sites.\r\n\r\nPatient, \r\n\r\nDo you think that these sites make a big difference to people trying to buy or sell real estate? What I am asking is will MOST people take the time to read these blogs before making their decisions?\r\n\r\nFor example there are a few different views on this site. However the majority of the views appear to be similiar.\r\n\r\nWhat do you think?',''); return false;">Quote</a></div> I have to agree that this site has pulled me into reading it. It is interesting to read all the different opinions on this site as well as on other blogs and sites.

Patient,

Do you think that these sites make a big difference to people trying to buy or sell real estate? What I am asking is will MOST people take the time to read these blogs before making their decisions?

For example there are a few different views on this site. However the majority of the views appear to be similiar.

What do you think?

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]]> By: patient http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54475 patient Thu, 14 Aug 2008 21:13:38 +0000 http://seattlebubble.com/blog/?p=2417#comment-54475 The power of the internet is slamming down on the real estate industry in full force. About time. Way to go Redfin! ( and Seattlebubble of course ). The Kodak moment ( film or digital ) is here, the ones that do not underastand, accept it and embrace it will struggle.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54475','patient',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54475','patient','The power of the internet is slamming down on the real estate industry in full force. About time. Way to go Redfin! ( and Seattlebubble of course ). The Kodak moment ( film or digital ) is here, the ones that do not underastand, accept it and embrace it will struggle.',''); return false;">Quote</a></div> The power of the internet is slamming down on the real estate industry in full force. About time. Way to go Redfin! ( and Seattlebubble of course ). The Kodak moment ( film or digital ) is here, the ones that do not underastand, accept it and embrace it will struggle.
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]]> By: david losh http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54474 david losh Thu, 14 Aug 2008 20:24:18 +0000 http://seattlebubble.com/blog/?p=2417#comment-54474 I'd just like to mention that this fudfon stuff is a direct result of work Tim's done here. This site has become extremely relevant in the world of Real Estate and in my opinion changed the way people view properties in general. The fact other people copy the work is a compliment. A further fact is that this site attracts people in an open way, even if they get slammed in the process. I'm kind of missing that openness.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54474','david losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54474','david losh','I\'d just like to mention that this fudfon stuff is a direct result of work Tim\'s done here. \r\nThis site has become extremely relevant in the world of Real Estate and in my opinion changed the way people view properties in general. \r\nThe fact other people copy the work is a compliment. \r\nA further fact is that this site attracts people in an open way, even if they get slammed in the process. I\'m kind of missing that openness.',''); return false;">Quote</a></div> I’d just like to mention that this fudfon stuff is a direct result of work Tim’s done here.
This site has become extremely relevant in the world of Real Estate and in my opinion changed the way people view properties in general.
The fact other people copy the work is a compliment.
A further fact is that this site attracts people in an open way, even if they get slammed in the process. I’m kind of missing that openness.
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]]> By: Civil Servant http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54473 Civil Servant Thu, 14 Aug 2008 19:56:51 +0000 http://seattlebubble.com/blog/?p=2417#comment-54473 Sweet! Thanks so much, Bili.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54473','Civil Servant',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54473','Civil Servant','Sweet! Thanks so much, Bili.',''); return false;">Quote</a></div> Sweet! Thanks so much, Bili.
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]]> By: biliruben http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54472 biliruben Thu, 14 Aug 2008 19:49:21 +0000 http://seattlebubble.com/blog/?p=2417#comment-54472 Civil Servant - I did a post on the forums looking at the Census's Community Survey: http://seattlebubble.com/forum/viewtopic.php?f=1&t=623&hilit=income Both MSA and Seattle specific (and Bellevue). To answer your question, 10% of households make 150K or greater in Seattle, or they did in 2005. I think there is more up-to-date info if you follow the link.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54472','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54472','biliruben','Civil Servant - I did a post on the forums looking at the Census\'s Community Survey:\r\nhttp:\/\/seattlebubble.com\/forum\/viewtopic.php?f=1&t=623&hilit=income\r\n\r\nBoth MSA and Seattle specific (and Bellevue). \r\n\r\nTo answer your question, 10% of households make 150K or greater in Seattle, or they did in 2005. I think there is more up-to-date info if you follow the link.',''); return false;">Quote</a></div> Civil Servant – I did a post on the forums looking at the Census’s Community Survey:
http://seattlebubble.com/forum/viewtopic.php?f=1&t=623&hilit=income

Both MSA and Seattle specific (and Bellevue).

To answer your question, 10% of households make 150K or greater in Seattle, or they did in 2005. I think there is more up-to-date info if you follow the link.

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]]> By: EconE http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54471 EconE Thu, 14 Aug 2008 19:36:33 +0000 http://seattlebubble.com/blog/?p=2417#comment-54471

While it’s interesting to look at sites like Redfin and Zillow, it’s important to remember that unlike commercial office space, residential real estate is NOT sold on a price-per-square-foot basis.

There are MANY other factors that affect the value of a house, such as views, waterfront, location on a busy street, etc. etc.

So take the stats with a HUGE grain of salt.

What would be the difference?

Should I Ignore the fact that some condo’s downtown are wishing for $700+ psf when comps are selling for $600?

Doesn’t location affect Commercial RE?

Try picking up an office over at Carillon Point rather than Everett. More expensive no?

So are the houses and condos….in $’s PSF.

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]]> By: Civil Servant http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54470 Civil Servant Thu, 14 Aug 2008 19:33:03 +0000 http://seattlebubble.com/blog/?p=2417#comment-54470 Incidentally, do we know what the figure is or approx. is for the top decile of household income? I would be grateful if anyone could point me towards a breakout of this data. Preferably in-city but per MSA would be informative too.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54470','Civil Servant',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54470','Civil Servant','Incidentally, do we know what the figure is or approx. is for the top decile of household income? I would be grateful if anyone could point me towards a breakout of this data. Preferably in-city but per MSA would be informative too.',''); return false;">Quote</a></div> Incidentally, do we know what the figure is or approx. is for the top decile of household income? I would be grateful if anyone could point me towards a breakout of this data. Preferably in-city but per MSA would be informative too.
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]]> By: Steve Tytler http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54469 Steve Tytler Thu, 14 Aug 2008 19:19:46 +0000 http://seattlebubble.com/blog/?p=2417#comment-54469 While it's interesting to look at sites like Redfin and Zillow, it's important to remember that unlike commercial office space, residential real estate is NOT sold on a price-per-square-foot basis. There are MANY other factors that affect the value of a house, such as views, waterfront, location on a busy street, etc. etc. So take the stats with a HUGE grain of salt. Steve Tytler Real Estate Columnist Everett Herald <a href="http://www.heraldnet.com/section/COLUMN08" rel="nofollow"> Everett Herald </a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54469','Steve Tytler',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54469','Steve Tytler','While it\'s interesting to look at sites like Redfin and Zillow, it\'s important to remember that unlike commercial office space, residential real estate is NOT sold on a price-per-square-foot basis.\r\n\r\nThere are MANY other factors that affect the value of a house, such as views, waterfront, location on a busy street, etc. etc.\r\n\r\nSo take the stats with a HUGE grain of salt.\r\n\r\nSteve Tytler\r\nReal Estate Columnist\r\nEverett Herald \r\n<a href=\"http:\/\/www.heraldnet.com\/section\/COLUMN08\" rel=\"nofollow\"> Everett Herald <\/a>',''); return false;">Quote</a></div> While it’s interesting to look at sites like Redfin and Zillow, it’s important to remember that unlike commercial office space, residential real estate is NOT sold on a price-per-square-foot basis.

There are MANY other factors that affect the value of a house, such as views, waterfront, location on a busy street, etc. etc.

So take the stats with a HUGE grain of salt.

Steve Tytler
Real Estate Columnist
Everett Herald
Everett Herald

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]]> By: biliruben http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54465 biliruben Thu, 14 Aug 2008 17:41:03 +0000 http://seattlebubble.com/blog/?p=2417#comment-54465 Great, Matt! I look forward to it.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54465','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54465','biliruben','Great, Matt! I look forward to it.',''); return false;">Quote</a></div> Great, Matt! I look forward to it.
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]]> By: softwarengineer http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54463 softwarengineer Thu, 14 Aug 2008 17:05:22 +0000 http://seattlebubble.com/blog/?p=2417#comment-54463 GROWTH DETERIORATION Home selling innovation with more growth? Or today's conundrum of wage deterioration [come on, I'm on Econ's side, be fair and take out the top 10% Seattle household incomes and average wages are clearly plummetting] and simultaneous growth with subsequent subprime mess. First time home buyers in their 20s and 30s are Seattle dinosaurs? I'd assume the top 10% of Seattle's household incomes with the wage increases aren't in the housing market any way [they bought in many years or several decades ago], so eliminate this erroneous moot point data.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54463','softwarengineer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54463','softwarengineer','GROWTH DETERIORATION\r\n\r\nHome selling innovation with more growth?\r\n\r\nOr today\'s conundrum of wage deterioration [come on, I\'m on Econ\'s side, be fair and take out the top 10% Seattle household incomes and average wages are clearly plummetting] and simultaneous growth with subsequent subprime mess. \r\n\r\nFirst time home buyers in their 20s and 30s are Seattle dinosaurs? I\'d assume the top 10% of Seattle\'s household incomes with the wage increases aren\'t in the housing market any way [they bought in many years or several decades ago], so eliminate this erroneous moot point data.',''); return false;">Quote</a></div> GROWTH DETERIORATION

Home selling innovation with more growth?

Or today’s conundrum of wage deterioration [come on, I'm on Econ's side, be fair and take out the top 10% Seattle household incomes and average wages are clearly plummetting] and simultaneous growth with subsequent subprime mess.

First time home buyers in their 20s and 30s are Seattle dinosaurs? I’d assume the top 10% of Seattle’s household incomes with the wage increases aren’t in the housing market any way [they bought in many years or several decades ago], so eliminate this erroneous moot point data.

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]]> By: Matt Goyer http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54462 Matt Goyer Thu, 14 Aug 2008 16:56:47 +0000 http://seattlebubble.com/blog/?p=2417#comment-54462 We are working on a CDOM feature. We hope to show you both the CDOM as well as a complete listing history for the home since its last sale.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54462','Matt Goyer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54462','Matt Goyer','We are working on a CDOM feature. We hope to show you both the CDOM as well as a complete listing history for the home since its last sale.',''); return false;">Quote</a></div> We are working on a CDOM feature. We hope to show you both the CDOM as well as a complete listing history for the home since its last sale.
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]]> By: biliruben http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54461 biliruben Thu, 14 Aug 2008 15:48:29 +0000 http://seattlebubble.com/blog/?p=2417#comment-54461 Great work, Redfin! Sure, there are errors, but kudos for trying, and I'm sure you'll fine-tune. With EconE's help of course! Hey Matt - can we expect CDOM any time soon?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54461','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54461','biliruben','Great work, Redfin! Sure, there are errors, but kudos for trying, and I\'m sure you\'ll fine-tune. With EconE\'s help of course!\r\n\r\nHey Matt - can we expect CDOM any time soon?',''); return false;">Quote</a></div> Great work, Redfin! Sure, there are errors, but kudos for trying, and I’m sure you’ll fine-tune. With EconE’s help of course!

Hey Matt – can we expect CDOM any time soon?

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]]> By: crispy&cole http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54460 crispy&cole Thu, 14 Aug 2008 15:42:15 +0000 http://seattlebubble.com/blog/?p=2417#comment-54460 Rental story coming to a city near you:

The Arizona Republic. “With more affordable homes entering the rental market, apartment complexes are struggling to sign leases. Between the first quarter of 2007 and the first quarter of 2008, median rents in metro Phoenix’s median rent dropped 9.3 percent to $939, according to apartment-research firm Investment Instruments Corp. It was the steepest decline reported in the 12 largest U.S. metro areas.”

“‘The single-family rentals are impacting our ability to rent apartments because they are directly competitive,’ said Mike Clow, senior VP for property management at Gray Clow Residential, which owns luxury apartment complexes in Phoenix and Tempe.”

“Nicholas Ingle, director of capital markets for Phoenix-based Hendricks and Partners, the nation’s largest apartment-sales and research firm, estimates that nearly 9,000 homes are currently in the rental market, far higher than the usual 1,000-2,000.”

“‘So many of those owners are just desperate to rent them for whatever rent they can get,’ Ingle said. ‘Those homes should be renting for so much more money.’”

“Compounding that rental situation is the influx of condominium conversions back into the rental market. ‘We still have an oversupply of failed and broken condo conversions and most of the condo conversion units are rentals,’ said Pete TeKampe, VP, investments for Marcus& Millichap. ‘North Scottsdale actually has experienced very high vacancy rates because of the oversupply of condo-conversion units.’”

http://www.azcentral.com/arizonarepublic/business/articles/2008/08/12/20080812biz-renters0813-ON.html

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]]> By: deejayoh http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54434 deejayoh Thu, 14 Aug 2008 06:46:36 +0000 http://seattlebubble.com/blog/?p=2417#comment-54434 I was JK EconE. I know there are a ton of data glitches in the tax records, but I commend the Redfin crew for putting this together. For those who are not inclined to pull records themselves it is a real asset. And for the questions about why sold $/Sqft is higher than asking - it's because so many sales are not going through at the low end (according to Ardell's comments over at RCG) cr@p. thats 2x today I've referred to her posts...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54434','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54434','deejayoh','I was JK EconE. I know there are a ton of data glitches in the tax records, but I commend the Redfin crew for putting this together. For those who are not inclined to pull records themselves it is a real asset.\r\n\r\nAnd for the questions about why sold $\/Sqft is higher than asking - it\'s because so many sales are not going through at the low end (according to Ardell\'s comments over at RCG)\r\n\r\ncr@p. thats 2x today I\'ve referred to her posts...',''); return false;">Quote</a></div> I was JK EconE. I know there are a ton of data glitches in the tax records, but I commend the Redfin crew for putting this together. For those who are not inclined to pull records themselves it is a real asset.

And for the questions about why sold $/Sqft is higher than asking – it’s because so many sales are not going through at the low end (according to Ardell’s comments over at RCG)

cr@p. thats 2x today I’ve referred to her posts…

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]]> By: The Tim http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54426 The Tim Thu, 14 Aug 2008 05:39:33 +0000 http://seattlebubble.com/blog/?p=2417#comment-54426 EconE @ 9, Thanks, recovered and restored @ 8.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54426','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54426','The Tim','EconE @ 9,\r\n\r\nThanks, recovered and restored @ 8.',''); return false;">Quote</a></div> EconE @ 9,

Thanks, recovered and restored @ 8.

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]]> By: Richie http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54403 Richie Thu, 14 Aug 2008 04:10:29 +0000 http://seattlebubble.com/blog/?p=2417#comment-54403 The MLS database is extremely misleading. I have seen many homes were re-listed, but the days on the markets re-set to zero. It is a clever-way to cook the book and paint a much brighter ambiance to uninformed buyers. Almost every house in MLS mingles the basement square footage, finished or unfinished as total square footage. Some houses include garage, loft of finished attics as square footage. There are no universal standards for counting the square-footage or days on the market. Worse, a significant number of houses were eventually de-listed (I say more than 70% of the outstanding listed properties nowadays; they improved the final statistics of liquidity. Beware of silent dogs and still water.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54403','Richie',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54403','Richie','The MLS database is extremely misleading. I have seen many homes were re-listed, but the days on the markets re-set to zero. It is a clever-way to cook the book and paint a much brighter ambiance to uninformed buyers. Almost every house in MLS mingles the basement square footage, finished or unfinished as total square footage. Some houses include garage, loft of finished attics as square footage. There are no universal standards for counting the square-footage or days on the market. Worse, a significant number of houses were eventually de-listed (I say more than 70% of the outstanding listed properties nowadays; they improved the final statistics of liquidity. \r\n\r\nBeware of silent dogs and still water.',''); return false;">Quote</a></div> The MLS database is extremely misleading. I have seen many homes were re-listed, but the days on the markets re-set to zero. It is a clever-way to cook the book and paint a much brighter ambiance to uninformed buyers. Almost every house in MLS mingles the basement square footage, finished or unfinished as total square footage. Some houses include garage, loft of finished attics as square footage. There are no universal standards for counting the square-footage or days on the market. Worse, a significant number of houses were eventually de-listed (I say more than 70% of the outstanding listed properties nowadays; they improved the final statistics of liquidity.

Beware of silent dogs and still water.

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]]> By: EconE http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54385 EconE Thu, 14 Aug 2008 02:41:14 +0000 http://seattlebubble.com/blog/?p=2417#comment-54385 Tim... There are some nice examples in your spam bucket...my last post didn't go through. feel free to fact check them.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54385','EconE',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54385','EconE','Tim...\r\n\r\nThere are some nice examples in your spam bucket...my last post didn\'t go through.\r\n\r\nfeel free to fact check them.',''); return false;">Quote</a></div> Tim…

There are some nice examples in your spam bucket…my last post didn’t go through.

feel free to fact check them.

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]]> By: EconE http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54383 EconE Thu, 14 Aug 2008 02:39:55 +0000 http://seattlebubble.com/blog/?p=2417#comment-54383 Here are a few examples for you DJ purchase of two adjoining units counted as two separate $1.175mm sales. One sale listed as two. http://www.redfin.com/WA/Seattle/100-1st-Ave-S-98104/unit-16/home/28196 http://www.redfin.com/WA/Seattle/100-1st-Ave-S-98104/unit-15/home/1491 another purchase of two adjoining units plus two garage spots listed as four individual sales. units... http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-D10/home/9925 http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-C10/home/65576 parking spots... http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA19/home/10570 http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA32/home/68686 $4273 psf for those parking spots. Nope...that doesn't skew anything. ;o) more double units... http://www.redfin.com/WA/Seattle/1024-E-Pike-St-98122/unit-307/home/11769 http://www.redfin.com/WA/Seattle/1024-E-Pike-St-98122/unit-308/home/11770 another ??? http://www.redfin.com/WA/Seattle/2112-3rd-Ave-98121/unit-300/home/12306003 unit + garage... http://www.redfin.com/WA/Seattle/75-S-Main-St-98104/unit-301/home/42843 http://www.redfin.com/WA/Seattle/75-S-Main-St-98104/unit-P-9/home/24150 unit + parking + storage... http://www.redfin.com/WA/Seattle/2100-3rd-Ave-98121/unit-1002/home/4225 http://www.redfin.com/WA/Seattle/2100-3rd-Ave-98121/unit-P-30/home/70822 http://www.redfin.com/WA/Seattle/2100-3rd-Ave-98121/unit-S93/home/32585 don't know what this one is...but it's not a condo. http://www.redfin.com/WA/Seattle/515-1st-Ave-W-98119/unit-COM/home/71961 another head scratcher... http://www.redfin.com/WA/Seattle/1916-N-46th-St-98103/home/117358 Lord only knows what this one is... http://www.redfin.com/WA/Seattle/3824-Ashworth-Ave-N-98103/home/120246 double unit... http://www.redfin.com/WA/Seattle/80-S-Jackson-St-98104/unit-204/home/39873 http://www.redfin.com/WA/Seattle/80-S-Jackson-St-98104/unit-206/home/39875 unit + two garage spots... http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-PHA/home/61201 http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA25/home/68679 http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA24/home/51457 more head scratchers... http://www.redfin.com/WA/Seattle/402-30th-Ave-E-98112/home/146943 http://www.redfin.com/WA/Seattle/404-30th-Ave-E-98112/home/147137 another unit + a $7773/psf parking spot http://www.redfin.com/WA/Seattle/80-Vine-St-98121/unit-203/home/33847 http://www.redfin.com/WA/Seattle/80-Vine-St-98121/unit-P9/home/51973 a $2,345,586 1970's 722 sf 1BR... http://www.redfin.com/WA/Seattle/750-N-143rd-St-98133/unit-108/home/12304608 Not blaming Redfin or Matt Goyer in any way FWIW.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54383','EconE',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54383','EconE','Here are a few examples for you DJ\r\n\r\npurchase of two adjoining units counted as two separate $1.175mm sales. One sale listed as two.\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/100-1st-Ave-S-98104\/unit-16\/home\/28196\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/100-1st-Ave-S-98104\/unit-15\/home\/1491\r\n\r\nanother purchase of two adjoining units plus two garage spots listed as four individual sales.\r\n\r\nunits...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/601-Belmont-Ave-E-98102\/unit-D10\/home\/9925\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/601-Belmont-Ave-E-98102\/unit-C10\/home\/65576\r\n\r\nparking spots...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/601-Belmont-Ave-E-98102\/unit-GA19\/home\/10570\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/601-Belmont-Ave-E-98102\/unit-GA32\/home\/68686\r\n\r\n$4273 psf for those parking spots. Nope...that doesn\'t skew anything. ;o)\r\n\r\nmore double units...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/1024-E-Pike-St-98122\/unit-307\/home\/11769\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/1024-E-Pike-St-98122\/unit-308\/home\/11770\r\n\r\nanother ???\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/2112-3rd-Ave-98121\/unit-300\/home\/12306003\r\n\r\nunit + garage...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/75-S-Main-St-98104\/unit-301\/home\/42843\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/75-S-Main-St-98104\/unit-P-9\/home\/24150\r\n\r\nunit + parking + storage...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/2100-3rd-Ave-98121\/unit-1002\/home\/4225\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/2100-3rd-Ave-98121\/unit-P-30\/home\/70822\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/2100-3rd-Ave-98121\/unit-S93\/home\/32585\r\n\r\ndon\'t know what this one is...but it\'s not a condo.\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/515-1st-Ave-W-98119\/unit-COM\/home\/71961\r\n\r\nanother head scratcher...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/1916-N-46th-St-98103\/home\/117358\r\n\r\nLord only knows what this one is...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/3824-Ashworth-Ave-N-98103\/home\/120246\r\n\r\ndouble unit...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/80-S-Jackson-St-98104\/unit-204\/home\/39873\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/80-S-Jackson-St-98104\/unit-206\/home\/39875\r\n\r\nunit + two garage spots...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/601-Belmont-Ave-E-98102\/unit-PHA\/home\/61201\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/601-Belmont-Ave-E-98102\/unit-GA25\/home\/68679\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/601-Belmont-Ave-E-98102\/unit-GA24\/home\/51457\r\n\r\nmore head scratchers...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/402-30th-Ave-E-98112\/home\/146943\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/404-30th-Ave-E-98112\/home\/147137\r\n\r\nanother unit + a $7773\/psf parking spot\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/80-Vine-St-98121\/unit-203\/home\/33847\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/80-Vine-St-98121\/unit-P9\/home\/51973\r\n\r\na $2,345,586 1970\'s 722 sf 1BR...\r\n\r\nhttp:\/\/www.redfin.com\/WA\/Seattle\/750-N-143rd-St-98133\/unit-108\/home\/12304608\r\n\r\nNot blaming Redfin or Matt Goyer in any way FWIW.',''); return false;">Quote</a></div> Here are a few examples for you DJ

purchase of two adjoining units counted as two separate $1.175mm sales. One sale listed as two.

http://www.redfin.com/WA/Seattle/100-1st-Ave-S-98104/unit-16/home/28196
http://www.redfin.com/WA/Seattle/100-1st-Ave-S-98104/unit-15/home/1491

another purchase of two adjoining units plus two garage spots listed as four individual sales.

units…

http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-D10/home/9925
http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-C10/home/65576

parking spots…

http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA19/home/10570
http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA32/home/68686

$4273 psf for those parking spots. Nope…that doesn’t skew anything. ;o)

more double units…

http://www.redfin.com/WA/Seattle/1024-E-Pike-St-98122/unit-307/home/11769
http://www.redfin.com/WA/Seattle/1024-E-Pike-St-98122/unit-308/home/11770

another ???

http://www.redfin.com/WA/Seattle/2112-3rd-Ave-98121/unit-300/home/12306003

unit + garage…

http://www.redfin.com/WA/Seattle/75-S-Main-St-98104/unit-301/home/42843
http://www.redfin.com/WA/Seattle/75-S-Main-St-98104/unit-P-9/home/24150

unit + parking + storage…

http://www.redfin.com/WA/Seattle/2100-3rd-Ave-98121/unit-1002/home/4225
http://www.redfin.com/WA/Seattle/2100-3rd-Ave-98121/unit-P-30/home/70822
http://www.redfin.com/WA/Seattle/2100-3rd-Ave-98121/unit-S93/home/32585

don’t know what this one is…but it’s not a condo.

http://www.redfin.com/WA/Seattle/515-1st-Ave-W-98119/unit-COM/home/71961

another head scratcher…

http://www.redfin.com/WA/Seattle/1916-N-46th-St-98103/home/117358

Lord only knows what this one is…

http://www.redfin.com/WA/Seattle/3824-Ashworth-Ave-N-98103/home/120246

double unit…

http://www.redfin.com/WA/Seattle/80-S-Jackson-St-98104/unit-204/home/39873
http://www.redfin.com/WA/Seattle/80-S-Jackson-St-98104/unit-206/home/39875

unit + two garage spots…

http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-PHA/home/61201
http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA25/home/68679
http://www.redfin.com/WA/Seattle/601-Belmont-Ave-E-98102/unit-GA24/home/51457

more head scratchers…

http://www.redfin.com/WA/Seattle/402-30th-Ave-E-98112/home/146943
http://www.redfin.com/WA/Seattle/404-30th-Ave-E-98112/home/147137

another unit + a $7773/psf parking spot

http://www.redfin.com/WA/Seattle/80-Vine-St-98121/unit-203/home/33847
http://www.redfin.com/WA/Seattle/80-Vine-St-98121/unit-P9/home/51973

a $2,345,586 1970’s 722 sf 1BR…

http://www.redfin.com/WA/Seattle/750-N-143rd-St-98133/unit-108/home/12304608

Not blaming Redfin or Matt Goyer in any way FWIW.

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]]> By: jon http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54381 jon Thu, 14 Aug 2008 02:29:46 +0000 http://seattlebubble.com/blog/?p=2417#comment-54381 Garth, I'm looking at Seattle overall, and for houses sold price is higher but for condo list price is higher. I was also surprised at how much higher the $/sq ft a condo is than a house. Anyway, RAL was right, the bottom of the $/sq ft for houses in Seattle was in March.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54381','jon',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54381','jon','Garth, I\'m looking at Seattle overall, and for houses sold price is higher but for condo list price is higher. I was also surprised at how much higher the $\/sq ft a condo is than a house.\r\n\r\nAnyway, RAL was right, the bottom of the $\/sq ft for houses in Seattle was in March.',''); return false;">Quote</a></div> Garth, I’m looking at Seattle overall, and for houses sold price is higher but for condo list price is higher. I was also surprised at how much higher the $/sq ft a condo is than a house.

Anyway, RAL was right, the bottom of the $/sq ft for houses in Seattle was in March.

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]]> By: Garth http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54379 Garth Thu, 14 Aug 2008 02:19:24 +0000 http://seattlebubble.com/blog/?p=2417#comment-54379 It actually was the reverse I saw.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54379','Garth',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54379','Garth','It actually was the reverse I saw.',''); return false;">Quote</a></div> It actually was the reverse I saw.
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]]> By: Garth http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54376 Garth Thu, 14 Aug 2008 02:15:29 +0000 http://seattlebubble.com/blog/?p=2417#comment-54376 Why is it for every neighborhood I could think of the listed price per square foot is higher than the sold price per square foot?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54376','Garth',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54376','Garth','Why is it for every neighborhood I could think of the listed price per square foot is higher than the sold price per square foot?',''); return false;">Quote</a></div> Why is it for every neighborhood I could think of the listed price per square foot is higher than the sold price per square foot?
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]]> By: EconE http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54368 EconE Thu, 14 Aug 2008 01:08:49 +0000 http://seattlebubble.com/blog/?p=2417#comment-54368 lol DJ... hey...wait...is that supposed to be "antagonistic"? ;oP<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54368','EconE',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54368','EconE','lol DJ...\r\n\r\nhey...wait...is that supposed to be \"antagonistic\"?\r\n\r\n;oP',''); return false;">Quote</a></div> lol DJ…

hey…wait…is that supposed to be “antagonistic”?

;oP

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]]> By: deejayoh http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54363 deejayoh Thu, 14 Aug 2008 00:28:59 +0000 http://seattlebubble.com/blog/?p=2417#comment-54363 someone peed on EconE's cheerios...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54363','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54363','deejayoh','someone peed on EconE\'s cheerios...',''); return false;">Quote</a></div> someone peed on EconE’s cheerios…
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]]> By: Matt Goyer http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54362 Matt Goyer Thu, 14 Aug 2008 00:25:48 +0000 http://seattlebubble.com/blog/?p=2417#comment-54362 Past sale data is a tricky beast. If you see examples of bad sales data please email us the URL for the past sale at techsupport@redfin.com and we'll filter it out.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54362','Matt Goyer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54362','Matt Goyer','Past sale data is a tricky beast. If you see examples of bad sales data please email us the URL for the past sale at techsupport@redfin.com and we\'ll filter it out.',''); return false;">Quote</a></div> Past sale data is a tricky beast. If you see examples of bad sales data please email us the URL for the past sale at techsupport@redfin.com and we’ll filter it out.
Reply – techsupport@redfin.com and we\’ll filter it out.’,”); return false;”>Quote
]]> By: EconE http://seattlebubble.com/blog/2008/08/13/new-market-analysis-tools-from-redfin/#comment-54359 EconE Thu, 14 Aug 2008 00:07:37 +0000 http://seattlebubble.com/blog/?p=2417#comment-54359 One still needs to dig through the sales to see exactly what sold. I look at condos and see one sale listed as 3 separate sales at the same price. One for the unit, one for the parking space and one for the storage. I have seen parking/storage spaces that have a $psf listing that uses the square footage of the space but the price of the unit. It tends to skew the $psf average up. Redfin also lists commercial sales as condo sales. Can's say who's fault it is that the data is misleading...but never the less...it's misleading. Don't just go off the numbers and charts. Look at the Redfins data and compare it to county records.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('54359','EconE',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('54359','EconE','One still needs to dig through the sales to see exactly what sold.\r\n\r\nI look at condos and see one sale listed as 3 separate sales at the same price. One for the unit, one for the parking space and one for the storage. I have seen parking\/storage spaces that have a $psf listing that uses the square footage of the space but the price of the unit. It tends to skew the $psf average up.\r\n\r\nRedfin also lists commercial sales as condo sales.\r\n\r\nCan\'s say who\'s fault it is that the data is misleading...but never the less...it\'s misleading. Don\'t just go off the numbers and charts. Look at the Redfins data and compare it to county records.',''); return false;">Quote</a></div> One still needs to dig through the sales to see exactly what sold.

I look at condos and see one sale listed as 3 separate sales at the same price. One for the unit, one for the parking space and one for the storage. I have seen parking/storage spaces that have a $psf listing that uses the square footage of the space but the price of the unit. It tends to skew the $psf average up.

Redfin also lists commercial sales as condo sales.

Can’s say who’s fault it is that the data is misleading…but never the less…it’s misleading. Don’t just go off the numbers and charts. Look at the Redfins data and compare it to county records.

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