MLS Update

A relatively slow news day: Two homes in the Zip were listed in the past 24 hours, three went into Pending, and four closed escrow.

One of those that closed escrow was a home on Moonview, and it closed for an even $500,000. Actually, that is a good price for a 2,400 s.f. home in the Covenant. Admittedly, it was on an oversized lot (.38 acres), it was relatively new (2004), and it had serious upgrades (Sub-Zero, etc.) – but it also was a short-sale.

From a “Comp” standpoint, the most salient features are square footage, and price. That bodes well for sellers in the Meadows, less well for Buyers, but one swallow does not a Summer make and this one sale will not be determinant.

Still, it is another indicator that the market is at, or very near, the bottom.