Here are some current Inventory numbers for week 4 in the Alum Rock area (95127, 95148)…

Here are some current Inventory numbers for week 4 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

  • 29 Single family homes currently listed as bank owned
  • 228 Single family homes currently listed as short sales
  • 51 Single family homes are currently overpriced
  • 79 Single family homes sold in the past 90 days
  • 254 Single family homes in escrow (196 short sales)
  • 360 Single family homes listed for sale
  • 497 Total homes in foreclosure (95127,95148)
  • $374,950  Median sale price for single family homes in past 90 days

 

 

Posted by

Life is Good!
Patrick Virgilio, Broker Associate, Cal BRE# 01305252

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More Real Estate & Less Hype!! www.GetTheListNow.com
Keller Williams Realty | 2110 S. Bascom Avenue | Campbell, CA 95008
C: 408.568.6578
F: 408.583.3737

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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
182,188
Sherry Chastain
Hendersonville, Nashville, Old Hickory, Lebanon Tennessee - Hendersonville, TN
Realtor, Selling Homes, Lake Properties,Luxury Homes,Short Sales

Wow 497 Foreclosures in 2 zip codes! I checked my area last week and we had 40 in 4 zip codes. My buyers get frustrated looking for foreclosures in my market. Best wishes for 2012. 

Jan 28, 2012 03:51 PM #1
Rainmaker
1,377,119
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!

Sherry,

I totally agree with you and I think in this case the frustration is a burden for the other party in the transaction....

Thanks for commenting,

Jan 29, 2012 04:06 AM #2
Ambassador
413,637
Emily Medvec Qualifying Broker
Hello Realty - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Patrick, you market knowledge and details are exceptional. I am inspired to look at our local market in new ways, especially within zip codes. Most buyers today search in a 5 mile radius so this information can be more valuable than MLS areas.

Jan 29, 2012 04:31 AM #3
Rainmaker
596,598
Nancy Laswick
United Real Estate - Phoenix, AZ
Your REALTOR® For The Valley Of The Sun

Patrick, I really like the way you break down the numbers for your readers, very helpful, and I especially like "Single family homes are currently overpriced" category.

Jan 31, 2012 03:02 PM #4
Rainmaker
209,347
David Stevens
Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC
Royal LePage Coast Capital Realty

Patrick - very interesting stats in your Alum Rock area. Good luck and best wishes for 2012!

Cheers!

Feb 02, 2012 07:39 AM #5
Rainmaker
1,377,119
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!

Emily, Thank you for your compliments and comments as well ..... Love the Lab! :)

Nancy, Thank you, it's always nice when someone like yourself notices as for the OP properties just 60 days active in our market and you make that list! lol

David, I appreciate the good wishes and the same to you and yours.

Feb 02, 2012 09:18 AM #6
Rainmaker
870,553
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Hi Patrick,  Very interesting statistics.  We have lots of short sales but few foreclosures.  As soon as they come on the market, if they're decent, they're snapped up. 

Feb 02, 2012 11:24 AM #7
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Rainmaker
1,377,119

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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