Countrywide Market Cap Nearly Equals Value of REO Portfolio

Countrywide market cap after today's plunge: $3.94 Billion $3.30 Billion
Countrywide REO portfolio valuation: $3.09 Billion

Say goodbye, folks.

Monterey Village Getting Shredded

The big Northern California storm is tearing up the unfinished Dunmore Homes structures at Monterey Village. So much for weatherproofing. Check out the video at the bottom of the post.

Preliminary December Sales Stats

The early numbers are in for December. Nothing real surprising or noteworthy unfortunately. The spreadsheet below shows the numbers for December, as well as the last two years of data. I did run some Dec 06 v. Dec 07 numbers for fun. Take a look:

Avg Sales Price
Dec 06 - $417,637
Dec 07 - $350,718

Med Sales Price
Dec 06 - $373,750
Dec 07 - $309,000

Avg $/SF
Dec 06 - $232
Dec 07 - $184

Med $/SF
Dec 06 - $223
Dec 07 - $175

Avg SF
Dec 06 - 1851
Dec 07 - 1879

Med SF
Dec 06 - 1670
Dec 07 - 1675

I'm working on some year v. year stats that should be finished shortly.