Monday Morning Market Report – Week ending 11/01/2009

week ending Nov. 1 graphPending Sales are way up over last week. Ever since I’ve started reporting the local real estate data for Avondale, Ortega and Riverside on a weekly basis, I’ve really enjoyed looking at the “big” picture (weekly) vs. a daily snapshot.

I’m accustomed to checking for new listings and sales several times a day but what I like about doing the weekly wrap up is that it gives a nice overview of the trends for the week. Were there more listings this week? More Sales? How about price reductions? It’s nice to have a compilation of data. So…without further ado, here are this week’s stats!

One thing that you might take note of is the fact that two of the 14 “new” listings aren’t really new. They are homes that were previously listed, the listing expired and now the property has been re-listed. These two were also re-listed at the same price as the prior listing that expired.

This is a good example of why you want to work with a realtor who knows the data inside and out and can “look behind the curtain” and tell you more than is visible to the average consumer.

New Listings  14            To see the new listings for the week, click here
Pending Sales  10          For the list of pending sales for the week, click here
Closed Sales    5              Closed sales for the week, click here
Price Reductions   13

Thanks for reading. I hope you’ll join me for my next adventure in the real estate markets of Avondale, Ortega and Riverside. Get up to the minute news about new listings, closed sales and  market trends as well as the people and places of interest in our area.