January Market Update
Sunday, February 01, 2009
by The Cope Real Estate Team
All numbers are as of today 2-1-2009 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).
3,379 homes active on the market
1,335 of those are bank owned properties
1,094 are "short sales" or pre-foreclosure sales
1,342 are in escrow or pending sale (that is excluding anything that went pending prior to 11-1-2008)
1,024 of those are bank owned properties
153 are "short sales"
and there were 487 homes sold or closed escrow in January 2009 with
374 of those being bank owned and
39 being short sales
Have a great day!