Here is a quick market update for those of you following the greater Bakersfield real estate market!

All numbers are as of today 1-22-2008 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).

4,483 homes active on the market

888 of those are bank owned properties

768 are "short sales" or pre-foreclosure sales

566 are in escrow or pending sale (that is excluding anything that went pending prior to 9-1-2007)

290 of those are bank owned properties

58 are "short sales"

and there were 320 homes sold or closed escrow in December 2007 with

128 of those being bank owned and

11 being short sales

Feel free to call or email for more detailed information. Talk to you soon!

 

Jared