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Homes Sold Escondido January 2009

    Current Market Trends for Escondido, CA
January 2009

Well folks, there is definitely some movement going on in the real estate market today. 

The general consensus of those of us in the industry, say there is plenty of activity, but actual closings are still a bit hard to come by. 

If you take a look at January compared to December, you will see the exact number of pending properties, 370.   So wouldn’t you expect to see a number pretty close to that in the Sold column for January? 

What is going on here?  We know we are still dealing with a major force of short sales and foreclosures, but what is the reason that less than half of them have actually closed? 

I would encourage and ask for any and all commentary on this from my colleagues.  What have your recent experiences been?  Are you seeing more activity?  Are you having success with closing escrows?  If so, share your methods, we could all use the help to bring this market to a more balanced playing field.

The statistics shown here are just an average snapshot of the real estate market in Escondido for January.   The values of all homes will vary considerably.  If you are curious about the value of your home today, give us a call,  for a free, no obligation Market Analysis.  We are here to help, and we answer our phones.

Pam Parton 760-580-1615 and Joanna Woolley 760-580-1630