August Local Market Update
Monday, October 13, 2008
by The Cope Real Estate Team
All numbers are as of today 9-22-2008 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).
4,002 homes active on the market -202 From last month
1,277 of those are bank owned properties +35
1,276 are "short sales" or pre-foreclosure sales -78
1,518 are in escrow or pending sale (that is excluding anything that went pending prior to 6-1-2007) -7
1000 of those are bank owned properties +29
244 are "short sales" +14
and there were 672 homes sold or closed escrow in August 2008 with +44
435 of those being bank owned and +41
56 being short sales +14