Here are some current Inventory numbers for week 47 in the Alum Rock area (95127,95148)…

Here are some current Inventory numbers for week 47 in the Alum Rock area (95127,95148)…once again, it's our interpretation of what the market is really doing and where it's heading.

More Real Estate and Less Hype

  • 40 Single family homes currently listed as bank owned
  • 231 Single family homes currently listed as short sales
  • 63 Single family homes are currently overpriced
  • 77 Single family homes sold in the past 90 days
  • 275 Single family homes in escrow (193 short sales)
  • 397 Single family homes listed for sale
  • 579 Total homes in foreclosure (95127,95148)
  • $390,000  Median sale price for single family homes in past 90 days

 

 

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Patrick Virgilio, Broker Associate, Cal BRE# 01305252

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 *I am a Realtor®, qualified to provide you with Real Estate advice; any and all  information I have provided should not be construed as Legal or Tax advice.

                                           

The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments disclaim any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. All information is copywritten and the property of Pat Virgilio. 

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Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Patrick -- short sales and bank owned properties are certainly in abundance.  How do you determine if a property is "overpriced" as you mention in your post?

Nov 26, 2011 04:46 PM #1
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
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Here are some current Inventory numbers for week 47 in the Alum Rock area (95127,95148)…

Contact Patrick Virgilio for all your Morgan Hill / Alum Rock real estate needs!  

Nov 29, 2011 01:36 AM #2
Rainmaker
1,377,435
P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy
Keller Williams Realty Silicon Valley - Gilroy, CA
San Juan Bautista and Hollister as well!

Michael,

In answer to your question, anything 60 days plus is the number that is appropriate for our area, yours may be different. You may trya a 12 month average of DOM in your area and start there, hope that helps.

Nov 30, 2011 02:12 AM #3
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Rainmaker
1,377,435

P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy

San Juan Bautista and Hollister as well!
Values are UP!... ask me what your homes worth?
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