Here is another market update for the greater Bakersfield area! The number of sold homes is down slightly from December but the number of pendings has increased. Finally a good sign!

All numbers are as of today 2-26-2008 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).

4,370 homes active on the market

962 of those are bank owned properties

910 are "short sales" or pre-foreclosure sales

825 are in escrow or pending sale (that is excluding anything that went pending prior to 10-1-2007)

468 of those are bank owned properties

71 are "short sales"

and there were 255 homes sold or closed escrow in January 2008 with

109 of those being bank owned and

10 being short sales

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