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Name:	John C -	Reply
Subject:	real estate 2008 in review
Date:	2/8/2009 9:26:37 PM

for those interested, I just completed a LONG post to review 2008's waterfront real estate sales. See the below link.

I went a little deeper into the numbers than usual, comparing and contrasting the market as a whole since the scorching seller's market of 2005.

Also I delve deep into sales stats to try and explain a very surprising factoid.

As always, I welcome your comments and suggestions. If you have any observations or questions, please respond in the comment section of the blog, where it says "Leave a reply."

URL: Lake Martin Real Estate Sales - 2008 Year in Review

Name:	Lady -	Reply
Subject:	real estate 2008 in review
Date:	2/9/2009 8:53:54 AM

When I click on your link, I get the message, "You do not have permission to preview drafts." Is there another way to view this?

Name:	alahusker -	Reply
Subject:	real estate 2008 in review
Date:	2/9/2009 9:10:07 AM

Ditto, I get the same message..

Name:	lakngulf -	Reply
Subject:	real estate 2008 in review
Date:	2/9/2009 9:57:18 AM

Maybe we will be better off if kept in the dark about it!

Name:	John C -	Reply
Subject:	corrected link here
Date:	2/9/2009 10:18:58 AM

Sorry! I put the wrong link in the comment above. Below is the correct one.

If you ever have trouble with my links, just go to the home page, lakemartinvoice.com

Again, sorry for the bad link.

URL: Lake Martin Real Estate Sales - 2008 Year in Review

Name:	AC KT -	Reply
Subject:	corrected link here
Date:	2/9/2009 11:37:24 AM

Great Info, John. Appreciate all you hard work in this area. #s don't lie!!

Name:	wix -	Reply
Subject:	corrected link here
Date:	2/9/2009 11:38:57 AM

I have heard that Russell Lands does not report their sales on RL listed/sold properties with MLS. Read your disclaimer, but RL's sales could skew your numbers if they are significant. Any thoughts.

Name:	water_watcher -	Reply
Subject:	corrected link here
Date:	2/9/2009 12:16:09 PM

Even though I am totally against the Obama spending and give away plan to redistribute wealth that will bring us closer and closer to a socialist nation .... the $15,000 tax credit for buying a home should help people make a decision if they are on the fence.

Although, I thing if they did what the republicans wanted with $300 million of government mortages at 4% until the money ran out, that would have caused a mad rush to buy home to get that rate.

Name:	John C -	Reply
Subject:	that's true
Date:	2/9/2009 12:54:46 PM

Russell Lands does not put their private sales in the MLS. Examples would be lots that they own in Phase IV of the Ridge that they are selling directly to buyers. If those were made public, yes, that would greatly increase the accuracy of our picture of the lake market.

That's why I am careful to note that I am only talking about MLS sales. All of the stats I quoted about 2008 and previous were for residences - not lots. To my knowledge, Russell Lands did not sell all that many homes that they owned in this period. Exceptions might be Glynmere in Willow Point.

So I agree, but only with regard to lot sales, as I THINK this the market segment where their data's absence is most sharply missed. But, since I don't work there, my thinking is based on opinion only.

It should be noted that the same could be said for FSBO sales, also. But, since both of these absences are consistent over the years, I feel that MLS sales still give a very good barometer on the market as a whole.

Also note - even though I do wish they would publish them, I recognize and respect RL's decision not to do so. It is a free country and they are a privately held company. As a card carrying capitalist, even though I disagree, I realize it it none of my beeswax. See the below link for an old post on the subject.

The whole point here is not to delve into every possible sale, but to focus on what will give us the most consistent analysis tools year after year. And most importantly, how to interpret that data on a personal level. All of this number crunching is for naught if I can't use it to help my buyers and sellers.

URL: 2007 was 2nd best year ever

Name:	Freshwater Bay Girl -	Reply
Subject:	corrected link here
Date:	2/9/2009 5:02:28 PM

My rate is already 4% no rushing here!

Name:	water_watcher -	Reply
Subject:	corrected link here
Date:	2/9/2009 6:59:56 PM

wow that's great. for a 15 or 30 year fixed? I have 5.5% but it is a 7/1 ARM so i would love to lock at 4%, but I can get 4.875% right now in a refinance from Chase.

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