March 2009 Mountain House Bank Owned Market Trends

To my valued customers, inventory is extremely tight this month.  If you need to buy within the next three months, I strongly advise you to make your highest and best offer.  Do not expect the banks to counter-offer, they will simply move on to the next higher offer.  Price per Sqft is creeping up again, from $119/sqft in Jan to $122/sqft in Feb.  I think this is due to heavy biddings on multiple offers situation.  Please contact me if you need more info.

	1 year			15 months
	Feb 08	Feb 09	% Change	Dec 07	Feb 09	% Change
Months of Inventory (Closed Sales)	6.2	1	-83.9%	18	1	-94.4%

Date	12/07	1/08	2/08	3/08	4/08	5/08	6/08	7/08	8/08	9/08	10/08	11/08	12/08	1/09	2/09
For Sale	36	29	31	25	22	16	18	22	26	19	22	21	19	23	13
Sold	2	5	5	9	14	10	15	14	20	23	21	13	22	15	13
Pended	3	9	10	12	19	14	19	18	28	19	18	19	16	17	26
Months of Inventory based on Closed Sales	18.0	5.8	6.2	2.8	1.6	1.6	1.2	1.6	1.3	0.8	1.0	1.6	0.9	1.5	1.0
Months of Inventory based on Pended Sales	12.0	3.2	3.1	2.1	1.2	1.1	0.9	1.2	0.9	1.0	1.2	1.1	1.2	1.4	0.5
Avg. Active Price	464	452	439	414	418	362	361	336	340	345	337	329	333	299	305
Avg. Sld Price	480	399	355	359	378	353	368	378	361	369	341	342	322	318	303
Avg. Sq. Ft. Price	172	175	167	156	153	151	141	137	134	130	140	134	128	119	122
Sold/List Diff. %	101	98	93	98	98	99	101	100	102	102	102	104	102	100	100
Sold/Orig LP Diff. %	82	93	75	90	86	93	92	97	102	100	102	103	100	95	98
Days on Market	155	60	105	48	76	30	55	47	12	25	22	25	20	42	39
Avg CDOM	0	0	0	1	94	56	113	68	22	44	37	35	33	42	57
Median Price	480	412	330	347	364	360	376	391	370	370	349	330	332	325	299

*All reports are published Mar. 2009, based on data available at the end of Feb. 2009.  All reports presented are based on data supplied by Metrolist MLS. Metrolist MLS does not guarantee or is in anyway responsible for its accuracy. Data maintained by Metrolist MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.