Here is another market update for the greater Bakersfield area! The number of sold homes is down slightly from December but the number of pendings has increased. Finally a good sign!
All numbers are as of today 2-26-2008 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).
4,370 homes active on the market
962 of those are bank owned properties
910 are "short sales" or pre-foreclosure sales
825 are in escrow or pending sale (that is excluding anything that went pending prior to 10-1-2007)
468 of those are bank owned properties
71 are "short sales"
and there were 255 homes sold or closed escrow in January 2008 with
109 of those being bank owned and
10 being short sales
Feel free to call or email for more detailed information. Talk to you soon!
Jared