Monday Morning Market Update – Week Ending 11/22/2009

week ending Nov. 22The story for this week remains largely the same as the past few weeks — a steady number of new listings, a few closed sales, a few pending sales and LOTS OF PRICE REDUCTIONS.  So…the stats for the week are:

New Listings – 9 (click here to see the list)
Contingent Sales – 1 (you can see this house under the New Listings Tab)
Pending Sales – 4 (Click here to see the list)
Closed Sales – 2 (Click here to see the list)


1360 Avondale Avenue

There are some notable transactions in this weeks stats. A very attractive home at 1360 Avondale Avenue  was listed at only $449K. The main house has 3br/2.5ba and about 2,743 square feet of air conditioned space. It also has a large two car garage with guest apartment above. The lot is 60 x 174 with a nice backyard — at only $163 per square foot — this is a BARGAIN! It’s is a SHORT SALE, however, so the buyer of this will need to be patient! Short sales generally take about six months to complete. I suspect that this house will be on my list of contingent sales for next week.

5141 Yacht Club Water View

There’s an AMAZING deal on DIRECT waterfront in Ortega. The property is located at 5141 Yacht Club Road . Priced at only $1,295,000, this house is being offered for $530,000 less than the current owners paid for it! It’s got 5br/3.5 ba in about 4,100 SF with a two car garage, walls of glass and incredible views! This is an amazing deal — I hope it gets added to my list of pending sales soon! To see the full details for this house, click on the link for new listings.

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