October Market Update
Sunday, November 02, 2008
by The Cope Real Estate Team
All numbers are as of today 11-2-2008 and are from the Bakersfield Multiple Listing Service under the category of single family residential (SFR).
3,893 homes active on the market
1,452 of those are bank owned properties
1,234 are "short sales" or pre-foreclosure sales
1,382 are in escrow or pending sale (that is excluding anything that went pending prior to 8-1-2008)
992 of those are bank owned properties
191 are "short sales"
and there were 549 homes sold or closed escrow in October 2008 with
371 of those being bank owned and
65 being short sales
Please give us a call or email with any questions or if you would like more detailed market information.
Have a great day!