For those of you that are trying to sell, looking to buy soon, or just plain curious- Here are some quick #'s from the Bakersfield Multiple Listing Service as of tonight November 6th 2007-

In the residential category there are-

4,982 Homes Active on the Market    of those

4,157 are located in Bakersfield    of those

670 are bank owned foreclosures   and

571 are "Short Sales"

In the same category there are

743 Homes pending sale or "in escrow"   of those

593 are located in Bakersfield    of those

125 are bank owned foreclosures    and

27 are "Short Sales"

Of the 743 Homes pending sale 443 of them went pending since July 1st 2007. That means 300 of them have been off the market pending sale for more than 4 months now. I would not be surprised if a good chunk of those 300 never reach the sold category.

Just a quick update, please don't hesitate to contact us with any questions or for more detailed information about your neighborhood in general!

Have a great night!

 

Jared