Real Estate Information

making home affordable program alternatives- short sales & deed-in-lieu of foreclosure programs are now available and are better than ever. short sale is where we negotiate for bank to take less than whats owed on property. deed i lieu (dil) is where you willingly sign the house back over before the house goes into foreclosure. HAMP has implemented a program that is supposed to make this propcess smoother than it had been. its suppose to take place starting 04/2010. lets wait and see

nicole brown -realtor  661-363-3547

Keller Williams Realty and The Cope Real Estate Team are proud to announce our move to a new office location!

We are now located at 5351 Olive Drive, Bakersfield, CA 93308. It is a beautiful building with over 14,000 square feet that will allow us to grow our business!

Stop by and visit anytime, we will also be holding an open house/Christmas gathering on Saturday Dec 5th at 5pm. Please come on out and meet Santa, listen to some local high school choirs, and enjoy good food and drinks!

Jared

All numbers are as of today 9-3-2009 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR) listed in Bakersfield (BA).

All numbers are as of today 3-9-2009 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).

We publish a market report almost every month and I wanted to discuss a few points and trends we are seeing.

The market data we publish is based on all of the single family properties in the Bakersfield Multiple Listing Service. This data covers much of Kern County, for example if we used Bakersfield only for the month of January there would only be 2,542 homes on the market instead of the 3,379 that were reported.

This data also only includes single family properties. If we were to include all other categories (residential income, vacant land, etc...) for the month of January we would have 4,032 listed properties on the market.

The idea behind the report is not to know the exact number or properties available or sold (because there are a 100 ways to find this with each one being different) but to watch for trends rather good or bad in the market.

The biggest trend that has appeared over the past several months is a decrease in available properties. Sales have remained pretty stable with a slight fluctuation for the time of year, but available listings have steadily decreased over the past several months. This could be very important in the correction of our local market that was recently reported as one of the top 10 worst markets in the nation.

Less inventory will mean more demand and that will mean increasing values! Something we have not seen for quite a while in the greater Bakersfield area. I do not think this is going to happen instantly, but keep an eye on the inventory of homes because that will be a sure indicator of better (or worse) times ahead!

Jared