graphrix_IHB
New member
Since everyone has been claiming that it is product mix that is skewing the data, and it kinda is, I thought everyone would like to know what the annualized price per sqft. drops were for OC and Irvine. The sqft. data is only for SFRs, so the median % drop is for SFRs as well. Sorry, DQ has never has the sqft. data for 92602.
Location 2007 $ 2008 $ sqft. % median %
OC $396 $305 -23% -25.4%
92603 $517 $475 -8.1% -4.2%
92604 $419 $368 -12.2% -8.8%
<strong>92606 $405 $292 -27.9% -9.3%</strong> The largest drop in Irvine happens to be the same zip as no_vas's future home, the VOC.
92612 $401 $327 -18.5% -7.4%
92614 $415 $383 -7.7% -8.3%
92618 $485 $369 -23.9% -12.5%
92620 $359 $328 -8.6% -5.2%
Notice a pattern here? Only one zip had a price decline where the median % drop was more than the sqft. drop. Especially in 92606, where it couldn't be that bad there, could it? The funny thing is the sqft. data for Anaheim and Santa Ana pretty much line up with the median drop. So while the sales volume a lot higher in SA and Anaheim and it does skew the data, the price per sqft. proves that the drops in better areas were understated, which could mean the median price drop is actually more accurate than the idiotic Kool-Aid snorting bulls think over at Lansner's blog.
I have all the zips, so if anyone wants another zip, just ask.
Location 2007 $ 2008 $ sqft. % median %
OC $396 $305 -23% -25.4%
92603 $517 $475 -8.1% -4.2%
92604 $419 $368 -12.2% -8.8%
<strong>92606 $405 $292 -27.9% -9.3%</strong> The largest drop in Irvine happens to be the same zip as no_vas's future home, the VOC.
92612 $401 $327 -18.5% -7.4%
92614 $415 $383 -7.7% -8.3%
92618 $485 $369 -23.9% -12.5%
92620 $359 $328 -8.6% -5.2%
Notice a pattern here? Only one zip had a price decline where the median % drop was more than the sqft. drop. Especially in 92606, where it couldn't be that bad there, could it? The funny thing is the sqft. data for Anaheim and Santa Ana pretty much line up with the median drop. So while the sales volume a lot higher in SA and Anaheim and it does skew the data, the price per sqft. proves that the drops in better areas were understated, which could mean the median price drop is actually more accurate than the idiotic Kool-Aid snorting bulls think over at Lansner's blog.
I have all the zips, so if anyone wants another zip, just ask.