Unlike in the fable I don’t think anyone will be trying to plug these leaks. I have noticed in the past few weeks we are finally seeing some “cracks” in the dam holding back home sellers. There has been an increase of homes being listed and quickly snatched up by thirsty buyers in just a few days. The “regular” sales are showing up in greater numbers competing nicely against the bank owned REO’s and short sales. Is the market changing? Time will tell, and I can’t help myself but I am hopeful.
I love numbers, so here are some to consider:
For Auburn to Alta
New listings of single family homes since March 1, 2012:
109 new listings (26 are short sales, 21 are bank owned)
77 went pending (17 are short sales, 25 bank are bank owned)
Also 37 short sales received offer that have been sent to their lenders for approval (in real estate agent lingo Short Sale Contingent)
26 of the pended sales were just listed in March
64 sales closed (12 short sales, 20 bank owned, 32 regular sales)
23 of the closed sales had been on the market less than 30 days
And March is not over yet!
January & February 2012 had 102 new listings each, January had 79 pended, 43 sold, while February had 112 pended and 61 sold.
Data provided by Metrolist and Trendgraphix
Want to play with numbers more? You see more market data for various areas on my website.
Teri Andrews-Murch, Realtor, Ca DRE 01734030 ph 530-798-0215 Lyon Real Estate, Auburn, Ca. www.FoothillsHotProperties.com