Monday Morning Market Report – Week Ending Jan. 17th, 2010

week ending jan 17thWell, folks, the story of the week once again is price reductions! There were 27 (did you see that?) 27 of them! There have also been some very quick sales (gone in a day type of sales) that I’m going to write a separate blog about. Two of the sales that closed this week were homes that I blogged about being great deals — so if you follow me, you’ll be the first to know about great deals and you can be the one to snap them up!

There were two homes put under contract this week (active contingent) which means that once inspections are completed, the status will change to pending.

There were 4 homes that moved into Pending Status (this means that inspections and financing contingencies have been met) and the sale will proceed to closing shortly. One of the was at 3692 Hollingsworth that received an offer only days after being placed on the market and another was at 1358 Challen which has languished on the market for over 200 days. The house on Hollingsworth had been beautifully updated with a new luxury master suite and the house on Challen was vacant and needed some “love”.

Thanks for reading! If you’re interested in what’s going on in the market, please give me a call — I’d love to share my local area knowledge with you.