Tim Jones's (ccrfll) Blog

During the harrowing 46-month descent from the January 2007 HIGH ($487/LIVsqft) to the November 2010 LOW ($88/LIVsqft), the INVENTORY of available condos listed for sale ranged between 30 and 50.  Now?  Five--none priced below the average of the trailing 24-month 54 closed sales ($134/LIVsqft).  ...

The 183 town homes sold between the March 2006 HIGH and the July 2010 LOW average $217/LIVsqft; the 76 town homes sold between the LOW and last February average $157--a 28% decline in value.  The 13 town homes sold in the trailing three months average $165.  Only six of the 33 town homes currentl...

While property value continues eroding, sales closed during the trailing three months suggest a recovery in Rio Vista is underway.  The average of the trailing 24 months' 52 closed sales--$271/LIVsqft is 9% below the average of the trailing three months' eight sales--$296/LIVsqft; and the average...