Comments on: Home Prices Do Fall

By: Metroplexual

Metroplexual — Fri, 30 Nov 2007 22:23:16 +0000

Jim,

I was just commenting that alot on your list seem to be out here in this relatively low population county.

BTW Jim if you ever want to map your data shoot me an email.

By: Bloodbath in Winter 2007

Bloodbath in Winter 2007 — Fri, 30 Nov 2007 18:45:31 +0000

Excellent work, as usual, Grim.

Is Pre around to address this?

By: Thomas Van Dalinda

Thomas Van Dalinda — Fri, 30 Nov 2007 17:07:24 +0000

Forest Road in Allendale has just been reduced again 779,000

By: Mitchell

Mitchell — Fri, 30 Nov 2007 14:36:58 +0000

Any way of doing this by areas or charting the area drops?

Curious to know if this is a state wide drop or just areas around New York.

By: Rich In NNJ

Rich In NNJ — Fri, 30 Nov 2007 13:00:12 +0000

325 Springfield Ave, Hasbrouck Heights
Purchased: 5/1/2006
Purchase Price: $719,000

MLS# 2640884
OLP: $769,000
LP: $659,000
Sold: 11/29/2007
Sale Price: $635,000 (13% loss)

By: grim

grim — Fri, 30 Nov 2007 12:55:51 +0000

Metro,

Will do, give me a little while though.

REOs aren’t just urban/western.

Take Bergen County for example:

http://bcsd.us/sheriff_sold.aspx

Every auction of $100 represents a REO. All of these are either back on the market, or will be listed shortly.

Just an interesting tidbit.. The fact that we’re seeing little if any auctions over upset price means that these homes have *zero* equity in them.

By: Metroplexual

Metroplexual — Fri, 30 Nov 2007 12:26:58 +0000

Hey Jim,

Any specs on those REO houses in Warren like bdrms and baths whether they have a garage or age? I note that with the REOs, if they are not urban they are way out here in Warren County.

By: what now

what now — Fri, 30 Nov 2007 11:43:18 +0000

Great report! It proves that if homes are priced resonably they will sell.

By: what now

what now — Fri, 30 Nov 2007 11:43:15 +0000

Great report! It proves that if homes are priced resonably they will sell.