November 24, 2005

Check out these nasty listing and depreciation values from Miami - OUCH!


From the home of speculative condo flipper hell, welcome to bubble panic:










Date / Inventory / 25th Percentile / 50th Percentile / 75th Percentile

11/21/2005 18,261 $284,900 $405,000 $662,000
11/14/2005 17,601 $284,000 $405,000 $662,000
11/07/2005 16,952 $284,900 $405,000 $660,000
11/01/2005 16,424 $285,000 $410,000 $675,000
10/28/2005 16,425 $285,000 $410,000 $675,000
10/21/2005 16,977 $285,000 $409,900 $675,000
10/14/2005 15,894 $285,000 $409,000 $674,900
10/07/2005 15,296 $287,000 $412,000 $680,000
10/01/2005 14,953 $288,000 $415,000 $685,000
09/28/2005 14,655 $289,000 $415,000 $690,000
09/21/2005 14,251 $289,000 $417,900 $695,000
09/14/2005 13,604 $289,900 $420,000 $699,000
09/07/2005 13,064 $289,000 $423,900 $701,000
09/01/2005 12,800 $289,000 $422,900 $714,000
08/28/2005 12,882 $286,990 $420,000 $709,000
08/21/2005 12,606 $289,000 $424,900 $719,000
08/14/2005 12,361 $289,000 $425,000 $700,000

3 comments:

adam lake said...

from portland oregon:
i live in nw portland, or. in my building alone there are 3 units that have dropped there prices ~10% in the past few weeks. around the corner is another property with a price reduced sign. at a 404 sq. ft. starting point, (i bought at 280 sq. ft. 18 months ago) i am actually glad to see things move to more rational values...hoping to swoop in at the panic stage and get some deals.

blogger said...

adam - patience.. panic stage may be down 50% or more

seriously

what goes up MUST come down. Don't catch that falling knife - it always will cut you

Holgs said...

Hmmm.. One thing to notice... The 11/21 median numbers didn't change at ALL over the 11/14 numbers? Could that possibly mean not a single sale? Probably not, but that would be insane if true...