OCTOBER 2009 Market Report

Bucking the national trend of home sales dipping last month, our local area real estate market again showed an increase in sales. And next month our report will continue to get better. Our local market continue to show a pleasant increase in the number homes going under contract. I’m very excited about the numbers we’re seeing, and the increased volume of buyer traffic thru our office.

              This month, twelve 3-bedroom homes sold between $115,061 to $562,000. Four 4-bedroom homes sold between $260,000 to $497,000. Of the twenty-eight homes sold, seventeen where priced below the monthly average sales price of $251,893. For these sellers, it took an average of 66 marketing days to obtain an acceptable offer. We recommend home sellers in this price range price their home aggressively in this very active market.

The top 3 groups of homebuyers:

  • 39% were 1st time homebuyers
  • 21% were move-up buyers
  • 21% were investors

Distressed Home Sales

  • 4 were REO, or bank owned properties
  • 2 were distressed sellers, or Short Sales
  • 23 homes went into pre-foreclosure
  • 8 homes were auctioned

If you find know someone behind on monthly payments or think you may be late soon, contact us right away. Dean is the only real estate agent in Northern California that is an Advanced Certified Distressed Property Expert (CDPE).