Posts Tagged ‘housing charts’

Foreclosure Heat Map for Walnut Creek Area

April 7, 2008

Technology is a great thing. Today TechCrunch reports on a HotPads foreclosure feature that lets you see a heat map of foreclosures based on data from RealtyTrac. (I won’t get into how reliable that data is, but it’s a benchmark nonetheless.) I poked around and finally got it to work and took this screen cap:

foreclosure heat map for walnut creek california

As with most heat maps, the spectrum goes from red to blue. Most of Walnut Creek is in the hottest bands or highest density of foreclosure. Even Walnut Creek proper is an above average orange color.

On the one hand I’m not shocked. I know plenty of folks reached a bit too far, taking on massive loans and prayed that things would work out. Yet, the color coding drives the point home and shows that even upscale neighborhoods are not immune from the housing decline.

Try it yourself at HotPads. (FYI – I couldn’t get it to work in Firefox so try Safari or the dreaded IE if you must.)

Advertisements

Walnut Creek Pricing Trends

March 2, 2008

There is a lot of data out there about the trends in Walnut Creek housing prices. A number of realtors are very willing to share these snapshots of the current market. But the commentary is often so skewed toward creating sales that it may blind buyers to the true nature of the market.

California Home Sales Trends
In the above chart it should be VERY obvious that the median price increased at an unsupportable rate. This fact is simply not stated by may realtors, but buyers and sellers alike should be aware that the price of homes in California, Walnut Creek included, are inflated and will either drop or remain flat based on historic appreciation.

Buyers – don’t believe the hype. Stay on the sidelines and let the prices fall until you can buy at a price that is historically supportable.