Homes for sale decrease, and total homes sold double from mid-November to mid-December 2009 for Valley Center, CA.
During November and early December in Valley Center, CA 92082…we’re seeing significant changes in the homes for sale inventory, with a HUGE change in the number of sold listings.
This data is from the Sandicor MLS.
We have approximately the same number of total listings as we saw for the previous 30 days…but with some MAJOR changes in distribution.
During the October/November period we saw 101 active homes for sale…this time we only have 95. This is a 6% decrease in available listings.
We also have an 8% decrease in the number of Contingent listings. These are usually Short Sales. So, we’re seeing more short sales close.
One really BIG change is in the number of Sold listings…we went from 10 in the previous period to 20 this time.
This is HUGE…DOUBLE the number of homes sold this past 30 days. Also noteworthy is the price of one of those homes…$1,400,000….you don’t see that very often…but the REAL story is what that price includes!
That $1.4M home was incredible, excellent horse facilities, a vineyard, a huge wine cellar for making wines, and the list goes on…over 14 acres with a main home and a seperate “Carriage House” (which is probably nicer than my house!)…an incredible bargain for someone…that place was originally listed at $2,299,000.
One more important fact…the Median sale price INCREASED $76,000…and that’s NOT COUNTING the $1.4M sale!!!
In fact, this past 30 days we had a narrower price range than the earlier period…lower on the top, higher on the bottom…and we STILL had a HUGE increase in the median price.
This means the type and quality of homes sold is changing…as expected…and this is important for homeowners facing mortgages they cannot afford, Notices of Default, Notices of Trustee Sale and Foreclosure.
Right now is an EXCELLENT time to take advantage of a Short Sale to get out from under a mortgage payment you just cannot afford. There are lots of available buyers, and the banks are now re-writing the rules to allow more short sales!
If you’re thinking about a short sale please give me a call…I’ll give you all the facts, and help you make the right choice for your situation…remember…phone calls are free…knowledge is priceless!
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