Analysis Sept 12

I regret that my lists have not been available, but in the two intervening weeks I had open heart surgery.

I’m back.

In the past two weeks there have been five new listings:

28327 Faircrest Way, $337,330, and 2135 s.f.

9943 Sage Hill, $349,000, and 1778 s.f

28333 Glenmeade Way, $369,000, and 1590 s.f.

9510 Sage Hill Way, $889,000-$969,000, 4,843 s.f.

10382 Vista Montanoso $1,950,000, and 5083 s.f.

Two homes went into Pending:

28027 Sage Hill Way, which went into Pending at $419,000-$469,000

And

28019 Glenmeade Way, which went into Pending at $519,000 –$569,000

And five homes closed escrow:

9635 Meadow Mesa which closed at $400,000

28683 Mountain Meadow Rd. at $483,175

10541 Meadow Glen Way East, at $525,000

9610 Indian Creek at $580,000

27434 Mountain Meadow Rd at $670,000

All in all a productive two week market, with movement at the higher levels.

We are not out of the woods.

2010 will give us more “foreclosures” and we do not know of the Lender response at renegotiating loans, or if there are still investor who will take those off the market. This uncertainty will continue to roil the market for several years, particularly when you consider the unemployment situation which continues to grow.

The market is stable – and that is about the best that can be said of it.

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