Desert Shores September 2009 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold):
- Listings (10/15/2009): 71
- Under Contract (10/15/2009): 115
- Sold September 2009: 14
- Month's Inventory: 5.1
Since Last Month: Listings are DOWN -1, Pendings are UP +18, Sold Units are UP +2
This market has moved from a seller's market to a stable market in the last month!
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Renee, Seems like a lot of pendings in desert shores unlike some other areas you have shown, it looks like a great area was it hit hard by short sales? Have a great day!!
Rene
Keep that Desert Shores inventory coming so Renee Burrows has more listings to sell. Hope they all come to closing soon. Are lots of them short sales?
Renee:
Are most of the inventory that is coming on REO's?
Richard
Debbie: Actually due to the age of the community (built starting in the 80s) it is actually a little better than most with distressed property!
Tom: Not a lot of shorts, compared to newer subdivisions!
Richard: Nope, not in desert shores. The older communities are a little less hard hit than the newer communities!