Inventory creeping up?

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SoCal said:
test said:
You trolling these forums is getting old.
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What, within reason, would have to happen in order to move on? I'll take no reply or an unreasonable one to mean that there is no interest in switching gears and therefore it is out of Quattro's hands.
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You must be confused as who is the one that needs to move on.




quattroporte said:
test making assumptions here again without having anything to backup his/her statements. Like they say, intelligence minus purpose equals stupidity.
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quattroporte said:
test said:
Did anyone buy here?  According to the website no units have been sold.
http://brookfieldsocal.com/la-cresta-at-woodbury/pricing-availability/
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Why do you care? If you cant afford it, it doesnt mean others cant.
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quattroporte said:
test is probably 60% to 70% at an affordable housing OUTSIDE of Irvine. No wonder he is always mad. He has no money left to go out and have fun, that's why he is always on this forum venting and being grumpy.

We should set up a welfare fund for test.
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quattroporte said:
Test is one sour grape.

Test, were you priced out of Irvine at the early part of 2012 (the market bottom, in case you have a hard time comprehending) with the ultra-low interest rates? If that is the case, I totally understand you being upset.

Based on test's comment, it seems he is either poor and white or poor and yellow. Cant really tell if he is poor and brown. We will have to wait for a racist response from test to make that determination. Test, can you please clarify?
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test said:
SoCal said:
test said:
You trolling these forums is getting old.
Click to expand...

What, within reason, would have to happen in order to move on? I'll take no reply or an unreasonable one to mean that there is no interest in switching gears and therefore it is out of Quattro's hands.
Click to expand...

You must be confused as who is the one that needs to move on.




quattroporte said:
test making assumptions here again without having anything to backup his/her statements. Like they say, intelligence minus purpose equals stupidity.
Click to expand...

quattroporte said:
test said:
Did anyone buy here?  According to the website no units have been sold.
http://brookfieldsocal.com/la-cresta-at-woodbury/pricing-availability/
Click to expand...

Why do you care? If you cant afford it, it doesnt mean others cant.
Click to expand...

quattroporte said:
test is probably 60% to 70% at an affordable housing OUTSIDE of Irvine. No wonder he is always mad. He has no money left to go out and have fun, that's why he is always on this forum venting and being grumpy.

We should set up a welfare fund for test.
Click to expand...

quattroporte said:
Test is one sour grape.

Test, were you priced out of Irvine at the early part of 2012 (the market bottom, in case you have a hard time comprehending) with the ultra-low interest rates? If that is the case, I totally understand you being upset.

Based on test's comment, it seems he is either poor and white or poor and yellow. Cant really tell if he is poor and brown. We will have to wait for a racist response from test to make that determination. Test, can you please clarify?
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you're both annoying.
 
test said:
You must be confused as who is the one that needs to move on.
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Ok, so we can take that to mean so long as Quattroporte ignores you, you will ignore him as well. Sounds good. That should be easy enough. It's all water under the bridge. Starting now...

On your mark.
Get set.
Go!
 
Test is like Kobe and quattroporte is like Dwight Howard.  Test has the killer instinct and will continue to step in quatros neck any chance he gets
 
The last time inventory was over 500 was April of 2012.

Prices getting soft... more inventory, higher rates, less buyers as we move into the Fall/Winter season.
 
irvinehomeowner said:
The last time inventory was over 500 was April of 2012.

Prices getting soft... more inventory, higher rates, less buyers as we move into the Fall/Winter season.
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We are still at only about 2.5 months of inventory even with the big rise in inventory (sales volume is up double digits YOY).  That being said, we shall see if sellers will want to cash out and put more inventory on the market.  The market has softened for sure, but I'm looking for inventory to get over 3+ months of supply to get confirmation.
 
Looking to buy a place (preferably a 2b2b townhouse) but every day seems like there is less and less out there :hs:

Guessing its the wrong time of year
 
Of the properties on Redfin, half have been for sale for more than 45 days. Which to take liberty with a thought from Jim Realtor means they're getting mighty long in the tooth for this market.

Essentially, you have a one month supply of homes (those under 30 days on the market) and the 60% are unrealistic on their price or have other underlying factors preventing their sale.

The market, like much of Southern California is way out of balance and it until that corrects, sellers will have extreme pricing power as evidenced by double digit year over year gains.
 
We are at 558 active listings as of 5:30pm.  That puts us at around 2.25 months of inventory which tells you that we are still in a seller's market (not a very strong one as before).  We need to get past 700 active listings to go over 3 months of inventory which is the beginning of a neutral market.  Many things can be twisted around but numbers never lie.  ;)
 
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