February Market Update
Monday, March 09, 2009
by The Cope Real Estate Team
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).
2,403 homes active on the market
767 of those are bank owned properties
945 are "short sales" or pre-foreclosure sales
1,328 are in escrow or pending sale (that is excluding anything that went pending prior to 12-1-2008)
956 of those are bank owned properties
170 are "short sales"
and there were 537 homes sold or closed escrow in January 2009 with
425 of those being bank owned and
43 being short sales
Please feel free to call or email for any more detailed information on your neighborhood!