Single Family Residential

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Actives:      SBC-138 of which REO/Bank Owned-17 or 12%

                          HO-74 of which REO/Bank Owned-11 or 15%

Pendings: SBC-237 of which REO/Bank Owned-53 or 22%

                          HO-195 of which REO/Bank Owned-44 or 23%

Absorption Rate:

          SBC-.58 months supply of inventory or 17 days

            HO-.38 months supply of inventory or 11 days

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Sold’s for the week: 13

   High: $440,000  REO/Bank Owned, FHA Loan

   Low:  $90,000  REO/Bank Owned, All Cash

Full-Price or Over-Asking: 10 or 77%

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Sale Type

  REO/Bank Owned: 9 or 69%

  Short Sale: 4 or 31%

  Equity Sale: 0

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Financing Type

  New Conv 1st: 4 or 31%

  FHA Loan: 3 or 23%

  All Cash: 4 or 31%

  Other: 2 or 15%

Is your real estate agent a Realtor?

When a real estate licensee ~ salesperson or broker joins a local board of Realtors they must also join California Association of Realtors and the National Association of Realtors. Only then can they call themselves a Realtor!

If your agent does not belong to all 3 associations they are technically a “real estate licensee” not a Realtor.

Here’s a little pet peeve of mine…..we are not Real-la-tors. We are Real-tors. There is no -la- in Realtor and if you can’t properly pronouce your own profession….well then in my opinion you don’t deserve to be one.  If you can’t pay attention to the detail of properly pronouncing your own profession what other details are you going to miss in ohhhh something huge like a CONTRACT!