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Oh, Oh...

kpomkpom
edited October 2007 in Housing Bubble
In the Bay Area - which, by the California Association of Realtors' measure is made up of Alameda, Contra Costa, Marin, San Francisco, Santa Clara, San Mateo and Solano counties - sales of existing, stand-alone homes plunged 45.6 percent between September 2006 and September 2007, while the median sales price slid 5 percent to $702,240. September's median was a whopping 17.7 percent below May's peak of $853,910.

http://www.sfgate.com/cgi-bin/article.c ... HSVFRO.DTL

Good thing that the Bay Area has no jobs, and no one wants to live there, unlike Seattle.

Obviously, the Bay Area's Pink Ponies have decided to migrate north, thereby making Seattle even more immune to RE price drops.

Comments

  • deejayohdeejayoh
    if you want to experience some true schadenfreuden, skip on over to the "real estate professionals" forum on zillow. many of the posters there are from California, it seems - and you can just smell the desperation.

    http://www.zillow.com/forum/site/ViewCa ... htm?tcid=9
  • uwpuwp
    kpom wrote:
    Good thing that the Bay Area has no jobs, and no one wants to live there, unlike Seattle.

    Obviously, the Bay Area's Pink Ponies have decided to migrate north, thereby making Seattle even more immune to RE price drops.

    I kind of imagine a few select REALTORS as Pony Wranglers. They are in the midst of a 3 month Pony drive. Bringin' 'em north. Spring will bring everyone back.
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