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September 25, 2008

August Sold Data

(click graph to enlarge)

The August Sold data was released from First American Title. I put all the graphs up on the home page (towards the bottom of the page).

What you’ll see is that sales have had a slight increase over the past few months but nothing significant (at least it wasn’t a decrease in the # of sales!). If you look at all the graphs on the SloWatch site you’ll see that the North County had a good month. Also, Santa Maria is ACTIVE! Their August sales surpassed what they did in August 2007, 2006, and 2004 thanks to foreclosures.

Also notice the green line on the chart above. This is last year’s sales which started to really go down starting in August (similar to other years). It will be interesting to see what the chart shows next month. I think we may not see a big dip thanks again due to….foreclosures!

I can’t wait to see the article headlines when September numbers are released by Data Quick. “Median Home Prices Plummet But Home Sales Post Record Gains”. (sigh)

I’ll be doing my usual statistic reporting at the first of the month. It’s also the end of the third quarter so I will also be doing some quarterly reports which should tell the story a bit more than the individual monthly reports.

Written by Keith Byrd - Go to Keith's Website/Profile

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