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Higher inventory in expensive neighborhoods


               
2009 Jul 24, 8:03am   2,493 views  6 comments

by P2D2   follow (0)  

While discussing in another thread I noticed some interesting thing.

While inventory decreased in non-expensive areas (where there are substantial price drop already) in last one year, it increased (or did not drop) in expensive areas. First I looked at Fremont, CA

94536: Current (124), last year (270)
94538: current (93), last year (200)
94539 (more expensive area): Current (160), last year (170)
94555: current (45), last year (113)

Just to verify, I looked at another city - Sunnyvale, CA
94085: current (36), last year (93)
94086: current (68), last year (105)
94087 (more expensive area): current (115), last year (70)
94089: current (24), last year (57)

And it very evident in price trend. Nowadays multiple "price reduced" in expensive zipcodes.

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1   P2D2   @   2009 Jul 24, 8:26am  

Some additional info about number of sale:
94539: current sale (108), last year (153)
94087: current sale (118), last year (143)

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