Patrick.net

Post the WORST shadow zipcode you can find!

By robertoaribas   Follow   Fri, 26 Oct 2012, 2:09pm   2,078 views   36 comments
In Scottsdale AZ 85250   Watch (1)   Share   Quote   Permalink   Like (1)   Dislike  

Ok, with zillow's new semi-shadow home search, let's see some comparisons...
go to zillow, search a zip, then click fliters to see the data.

I just searched Phoenix AZ's zip 85042
By Agent(128)By Owner(1)New Homes(14)Foreclosures(9)Pre-MarketForeclosed(52)Pre-Foreclosure(192)Make Me Move(25)For Rent(79)Recently Sold(2341)
this is for 85042, a south phoenix zip which was hit spectacularly hard during the crash, due to so many homes built and sold in 2004-2006... ( I own 3 in this area, and 1 more under contract)

Viewing Comments 1-36 of 36     Last »     See most liked comments

1. robertoaribas Follow Befriend (23) 55 threads 3,836 comments Scottsdale, AZ robertoaribas's website

   1   2:14pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   I'm not sure about this "recently sold" number, I count just over 500 so far this year sold in that zip... 58 in the last 30 days. If we had this data a year ago, it would mean a lot more to me, but at least now I can find it here in a month and see what direction everything is heading.

2. FortWayne Follow Befriend (13) 103 threads 3,768 comments

   2   2:18pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   Our neighborhood http://www.zillow.com/homes/91335_rb/

3. robertoaribas Follow Befriend (23) 55 threads 3,836 comments Scottsdale, AZ robertoaribas's website

   3   2:31pm Fri 26 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   i see that even these simple instructions were too complex for poor darrel to follow... so sad!

4. edvard2 Follow Befriend 34 threads 2,116 comments

   4   2:41pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike (1)   Down we go to look at a chart showing rising rents. Yay!

5. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   5   3:30pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   Wow, Tarzana, 91356, a relatively upscale neighborhood, especially South of Ventura Boulevard: 142 ---> For Sale 29 ---> Foreclosed 180 ---> Pre Foreclosure

6. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   6   3:49pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   Crap, Even the Dallas Real Estate Market Still Sucks, 75235: For Sale ---> 34 Foreclosed ---> 15 Pre-Foreclosure ---> 16 For Rent ---> 173 Sold ---> 1 Thanks Roberto! lol

7. robertoaribas Follow Befriend (23) 55 threads 3,836 comments Scottsdale, AZ robertoaribas's website

   7   4:12pm Fri 26 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   david... that sold number of "1" is a wow all right... Even though 85042 has nearly 250 distressed, at 60 sales a month, that is only 4 months inventory, and in line with my predictions that at current rates, 9 months to a year from now it will be nearly finished. I'll recheck those zips in a month or two... I searched Florida, and couldn't find any really terrible zips (at least not on the beach, where I want to live!) anybody from Florida want to do the digging?

8. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   8   4:22pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   roberto, yeah, before I posted Tarzana and Dallas I checked 'West' West Palm Beach, 33414, expecting not good numbers and they were not bad, relatively of course, for sale -> 814, foreclosed -> 88, pre-foreclosure -> 363, for rent -> 462, and sold -> 3433. Texans are not Californians. Seriously, nice tool / guage. Thanks.

9. pkennedy Follow Befriend (8) 28 threads 1,342 comments Redwood City, CA

   9   8:05pm Fri 26 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   So rents from $1140 to $900? Based on the way that graph moves, it looks like there aren't very many data points in there. It doesn't include what neighbourhoods are involved or anything else. $900 rent supports a house cost of around $160,000 in terms of PITI for a break even point. From what I've seen robertos buying homes at, it seems like they're huge cash cows.

10. robertoaribas Follow Befriend (23) 55 threads 3,836 comments Scottsdale, AZ robertoaribas's website

    10   8:59pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   you can tell from the jumpiness of the graph, that he restricted it down to some small set with few data points... and thinks he is fooling anybody!

11. Joe at Sunnyvale Follow Befriend 6 comments

    11   9:26pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says Cratering rental rates.... and falling. I live in Bay area. As far as I can tell, rents are going up, about 15% higher than a year ago in the apartment I rented.

12. John Bailo Follow Befriend 94 threads 444 comments Kent, WA John Bailo's website

    12   10:41pm Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   My zip isn't as bad, but when I looked at the shadow inventory it was like, oh, here are all the "real houses" that I would want to buy...the rest are either really trashed up HUD homes on the low end and then a big jump to overpriced new construction and then estates...

13. Repubthug Follow Befriend (1) 3 threads 42 comments

    13   4:22am Sat 27 Oct 2012   Share   Quote   Permalink   Like   Dislike   In my zip code : 33324 in broward county(Fort Lauderdale area) a decent city here are the numbers for sale : 445 Pre-Market : Pre-Forclosure : 226 Forclosed : 75 For rent : 572 Recently sold : 2775 Boy,looks like lots of units are already sold recently Did I miss the buss?been on the sidelines for too long? also if you like foreclosed or preforclosed place,whats the approach to follow to buy one

14. Quigley Follow Befriend (6) 17 threads 525 comments Huntington Beach, CA

    14   1:40pm Sun 28 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   In my town (Huntington beach) there was 120 houses for sale, and 132 per foreclosures, best I could count. My question is this: has anyone figured out how to turn info on a preforclosure into an opportunity?

15. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

    15   4:55pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   How can I find it when there is no NOD filing?

16. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    16   8:21pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   Oakland CA 770 for sale (including 60 foreclosed for sale) 538 foreclosed (not for sale... Yet) 1686 preforeclosure.

17. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    17   8:26pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   Antioch CA 176 for sale (including 18 foreclosed for sale) 111 foreclosed (not for sale... Yet) 747 preforeclosure. 4.9 in trouble to every 1 for sale

18. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    18   8:29pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   Tracy CA 215 for sale (including 12 foreclosed for sale) 93 foreclosed (not for sale... Yet) 717 preforeclosure. 3.8 in trouble to every 1 for sale

19. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    19   8:31pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   Sacramento CA 798 for sale (including 71 foreclosed for sale) 580 foreclosed (not for sale... Yet) 2465 preforeclosure. 3.8 in trouble to every 1 for sale

20. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    20   8:37pm Sun 28 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   Vallejo CA 199 for sale (including 47 foreclosed for sale) 197 foreclosed (not for sale... Yet) 1025 preforeclosure. 6.1 in trouble to every 1 for sale

21. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    21   8:41pm Sun 28 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   Concord CA 181 for sale (including 26 foreclosed for sale) 87 foreclosed (not for sale... Yet) 594 preforeclosure. 3.7 in trouble to every 1 for sale

22. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    22   8:49pm Sun 28 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   Pittsburg CA 106 for sale (including 16 foreclosed for sale) 249 foreclosed (not for sale... Yet) 538 preforeclosure. 7.4 in trouble to every 1 for sale I think I have found a winner! For every home that is for sale in Pittsburg California there are seven already in trouble

23. Goran_K Follow Befriend (4) 25 threads 1,523 comments Laguna Beach, CA Premium

    23   11:02pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   Concord, Pittsburg, and Vallejo have some amazing numbers.

24. BayArea Follow Befriend (3) 50 threads 368 comments Oakland, CA

    24   4:32pm Mon 29 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   The Professor says I think I have found a winner! I could have told you it was going to be Pittsburg, Antioch, Vallejo, Oakland before any number crunching

25. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    25   11:33am Thu 1 Nov 2012   Share   Quote   Permalink   Like   Dislike   BayArea says The Professor says I think I have found a winner! I could have told you it was going to be Pittsburg, Antioch, Vallejo, Oakland before any number crunching I guess they all moved to much coveted parts of BA and hence Norcal is booming!

26. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    26   11:27am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   The Professor says Oakland CA 770 for sale (including 60 foreclosed for sale) 538 foreclosed (not for sale... Yet) 1686 preforeclosure. Update Oakland CA 441 for sale (including 60 foreclosed for sale) 380 foreclosed (not for sale... Yet) 1475 preforeclosure. Inventory going down

27. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    27   11:32am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   The Professor says Antioch CA 176 for sale (including 18 foreclosed for sale) 111 foreclosed (not for sale... Yet) 747 preforeclosure. 4.9 in trouble to every 1 for sale Update Antioch CA 137 for sale (including 18 foreclosed for sale) 106 foreclosed (not for sale... Yet) 671 preforeclosure. 5.6 in trouble to every 1 for sale Inventory down trouble ratio up

28. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    28   11:38am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   The Professor says Tracy CA 215 for sale (including 12 foreclosed for sale) 93 foreclosed (not for sale... Yet) 717 preforeclosure. 3.8 in trouble to every 1 for sale Update Tracy CA 154 for sale (including 11 foreclosed for sale) 97 foreclosed (not for sale... Yet) 620 preforeclosure. 4.6 in trouble to every 1 for sale Inventory down trouble ratio up.

29. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    29   11:42am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   The Professor says Sacramento CA 798 for sale (including 71 foreclosed for sale) 580 foreclosed (not for sale... Yet) 2465 preforeclosure. 3.8 in trouble to every 1 for sale Update Sacramento CA 699 for sale (including 61 foreclosed for sale) 520 foreclosed (not for sale... Yet) 2063 preforeclosure. 3.7 in trouble to every 1 for sale Inventory down troubled ratio down 0.1

30. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    30   11:45am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   The Professor says Vallejo CA 199 for sale (including 47 foreclosed for sale) 197 foreclosed (not for sale... Yet) 1025 preforeclosure. 6.1 in trouble to every 1 for sale Update Vallejo CA 156 for sale (including 27 foreclosed for sale) 178 foreclosed (not for sale... Yet) 897 preforeclosure. 6.9 in trouble to every 1 for sale Inventory down Trouble ratio up, slightly.

31. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    31   11:49am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   The Professor says Concord CA 181 for sale (including 26 foreclosed for sale) 87 foreclosed (not for sale... Yet) 594 preforeclosure. 3.7 in trouble to every 1 for sale Update Concord CA 112 for sale (including 19 foreclosed for sale) 81 foreclosed (not for sale... Yet) 525 preforeclosure. 5.4 in trouble to every 1 for sale Inventory down Trouble ratio up, significantly

32. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    32   11:52am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   The Professor says Pittsburg CA 106 for sale (including 16 foreclosed for sale) 249 foreclosed (not for sale... Yet) 538 preforeclosure. 7.4 in trouble to every 1 for sale I think I have found a winner! For every home that is for sale in Pittsburg California there are seven already in trouble Pittsburg CA 75 for sale (including 10 foreclosed for sale) 253 foreclosed (not for sale... Yet) 445 preforeclosure. 9.3 in trouble to every 1 for sale Inventory down Trouble ratio up.

33. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    33   11:54am Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   Inventory is down. Selling price is up. REAL ESTATE HAS RECOVERED!!! What a difference an election, and a couple months can make.

34. bmwman91 Follow Befriend (7) 37 threads 1,541 comments Mountain View, CA bmwman91's website Premium

    34   12:03pm Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   Can anyone find out how many of those pre-FC properties are owned by Fannie and Freddie? That bit of information will become pertinent in February.

35. robertoaribas Follow Befriend (23) 55 threads 3,836 comments Scottsdale, AZ robertoaribas's website

    35   8:05pm Tue 1 Jan 2013   Share   Quote   Permalink   Like   Dislike   bmwman91 says Can anyone find out how many of those pre-FC properties are owned by Fannie and Freddie? yes. the number is zero. If it is in pre-foreclosure, it is owned by the current owner.

36. The Professor Follow Befriend (5) 24 threads 1,306 comments Premium

    36   7:14pm Fri 29 Mar 2013   Share   Quote   Permalink   Like (1)   Dislike   Protected   End of 1st quarter update: The for sale inventory of most troubled areas is down. The banks have also been working down the troubled inventory. The pre-foreclosure count is down by as much as a third in some of the troubled areas. There is still anectodal evidence of the banks (e.g. empty houses not on any mls, delinquent owners falling off the preforeclosure list) are withholding inventory. In many fringe areas the for rent exceeds the number of for sale by a factor of 3 or 4 to 1. Perhaps these are owned by the investors who bought houses and are now trying to rent them out? There does seem to be downward pressure on rental prices. Buy or rent, the median income can only support so much housing expense. Perhaps we are reaching an equilibrium? The early years of this century were fueled by an easy credit mania. The recent surge is fueled by deep pocket investors and leveraged landlords. Maybe the investors will back away from their underperforming investments, the banks will liquidate their bad loans, and housing will be more affordable to the common people. Prosperity and justice will be restored and the people will live happily ever after.