The following is a list of properties sold between 6/28/2009 and 7/28/2008 that are in sold status on the local MLS reports. I went through and searched each city to show you that properties are indeed selling. So get your finances in order and purchase before all the good properties are gobbled up. As you can see, there is some activity in the market.
I had a gentleman come in during my floor time on Saturday. I mentioned to him the study I had done for my blog regarding the number of homes pending. He reminded me that some may fall out of pending. A better indicator would be that of homes sold. I agreed. So here is that information.
Alameda = 40 properties sold
Alamo = 15 properties sold
Albany = 14 properties sold
Antioch = 131 properties sold
Bay Point = 19 properties sold
Berkeley = 59 properties sold
Blackhawk = 9 properties sold
Brentwood = 77 properties sold
Castro Valley = 30 properties sold
Concord = 88 properties sold
Crockett & Port Costa = 1 property sold
Danville = 32 properties sold
Discovery Bay = 25 properties sold
Dublin = 38 properties sold
El Cerrito = 11 properties sold
El Sobrante = 9 properties sold
Fremont = 108 properties sold
Hayward = 73 properties sold
Hercules = 19 properties sold
Kensington = 11 properties sold
Lafayette = 15 properties sold
Livermore = 49 properties sold
Martinez = 21 properties sold
Moraga = 11 properties sold
Newark = 25 properties sold
Oakland = 184 properties sold
Oakley = 45 properties sold
Orinda = 16 properties sold
Pacheco = 0 properties sold
Piedmont = 7 properties sold
Pinole = 11 properties sold
Pittsburg = 59 properties sold
Pleasant Hill = 29 properties sold
Pleasanton = 44 propertied sold
Richmond = 90 properties sold
Rodeo = 3 propertiess sold
San Leandro = 58 properties sold
San Lorenzo = 13 properties sold
San Pablo = 29 properties sold
San Ramon = 58 properties sold
Union City = 33 properties sold
Walnut Creek = 65 properties sold
What % off of the list price are they selling? I was talking to a major bank in the area and found that they had reduced their asking prices substantially and were happy that they were getting 85% of their new lower asking price. I'd be interested to know that houses are selling but more interested to know what the market is doing with regards to the sales price vs the asking price... is that something you could add to this post?