Still some improvements! Pendings and sales are with up with bank owned properties dominating the sales.

All numbers are as of today 4-9-2008 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).

4,462 homes active on the market

1,036 of those are bank owned properties

1,021 are "short sales" or pre-foreclosure sales

1,148 are in escrow or pending sale (that is excluding anything that went pending prior to 12-1-2007)

664 of those are bank owned properties

126 are "short sales"

and there were 310 homes sold or closed escrow in February 2008 with

170 of those being bank owned and

17 being short sales

and there were 378 homes sold or closed escrow in March 2008 with

204 of those being bank owned and

23 being short sales

 

Have a great week!

Jared