Hidden Valley Lake Market Report
2009 is off to a decent start in the Hidden Valley Lake Real Estate Market. As of 2/2/09 there are 104 homes on the market with an average listing price of $242,000.00. 17% of those homes are in either contingent or pending status with an average listing price of $191,000.00. The average days on market for these properties is 132 days. The high listing price is $299,900.00 and the low is $123,300.00. 77% of the homes in contingent or pending status are foreclosures.
When a foreclosure hits the market, and it's in good condition, the property will move quickly. May even receive multiple offers. If you are in the market for a foreclosure you have to do your homework prior to and during your purchase. As a buyer you should hire a home inspector to inspect the home. Sometimes work can be done on behalf of the lender to spruce up the house for sale. With a little investigating, you can find out what work has been done and who did the work. A foreclosure is sold in as is condition and the seller/lender carries no warranties or guarantees on the condition of the property.
For a complete list of local foreclosures please email me at jennifer.mullin@century21.com or call me at 707-355-3661.
· All information deemed reliable but not guaranteed. Statistical information provided by the Lake County Multiple Listing Service as of 2/2/09.
Comments(0)