The seasonal slowdown is on. There has been very little movement in the number of homes which have sold or gone pending since last month’s report. Three homes came off the market – one was rented, a couple of them were withdrawn. One expired listing made its way back. Several expired listings have not come back on the market this year as sellers hold back from selling in a declining price market. Another bank owned home came on the market – 1371 Germano Way.
November 30, 2010 Total Bank owned share Short Sale Share
Active 18 2 0
Pending 12 0 4
Sold to date 2010* 52 3 8
*COE 01/01/10 or later
Last year a total of 43 homes sold/went pending as compared to 64 so far this year – clearly a significant improvement, despite lower prices.
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