Quick Market Update: There are 106 active listings of single family homes. Of the active listings 37 are short sales with 33 of them already having seller accepted offers and waiting for lender approval. There are 2 REO’s (bank owned) properties for sale. Lenders much prefer a short sale to a foreclosure.
There are 147 pending sales with average days on the market at a brisk 17. There are 244 sold listings in the last 3 months indicating great turnover activity. Average days on the market for sold listings are 18. Average list price to sale price is an excellent (for the seller) 101%. The list price to sales price indicates many instances of overbidding on a home due to multiple offers.
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