Saturday, March 21, 2009

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 year15 months
Feb 08Feb 09% ChangeDec 07Feb 09% Change
Months of Inventory (Closed Sales)6.21-83.9% 181-94.4% 

Date12/071/082/083/084/085/086/087/088/089/0810/0811/0812/081/092/09
For Sale362931252216182226192221192313
Sold25591410151420232113221513
Pended3910121914191828191819161726
Months of Inventory based on Closed Sales18.05.86.22.81.61.61.21.61.30.81.01.60.91.51.0
Months of Inventory based on Pended Sales12.03.23.12.11.21.10.91.20.91.01.21.11.21.40.5
Avg. Active Price464452439414418362361336340345337329333299305
Avg. Sld Price480399355359378353368378361369341342322318303
Avg. Sq. Ft. Price172175167156153151141137134130140134128119122
Sold/List Diff. %1019893989899101100102102102104102100100
Sold/Orig LP Diff. %82937590869392971021001021031009598
Days on Market15560105487630554712252225204239
Avg CDOM000194561136822443735334257
Median Price480412330347364360376391370370349330332325299
*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.

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