My Real Estate Blog

February 29th, 2008 6:02 PM
The market did much better this week but as I was driving around today I noticed a whole lot more signs coming up - some with "Coming Soon". There were a total of 96 single family homes on the market in 20171 - a net increase of only 1. There were 10 new listings on the market - one of which was relisted because it did not sell last year. The great news is that 5 homes received contracts this week - much better than last week. Of those homes, three were foreclosures. One was sold in January 2007 for $850,000 and was listed at $650,000 this year when it got a contract. It was on the market 277 days. The one foreclosure was on the market only 6 days. THe third foreclosure or short sale was on the market 337 days and was originally purchase in 2005 for $510,000 and was at $449,000 when it got a contract. We are always glad to get foreclosures off the market but I am happy to say the other 2 houses were not foreclosures and they sold in 44 days and 28 days - a respectable time. Hopefully, we will continue to see these numbers each week through the Spring market.

Posted by Angela Mitchell on February 29th, 2008 6:02 PMPost a Comment (0)

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