Crescent City/Del Norte County Real Estate Market Report for January 2010 -
January 2010 had 43% more sales than January 2009and only 2 of those 14 sales were REO's, which is encouraging. 4 of January's sales were mobile/manufactured homes in parks bringing in the median price sale for the month at $163,000.
Listings are at a seasonal low of 223 with the median price of listings at $229,500 and average days on market at 223.
For listings $200,000 and under, the DOM for the 98 listings in that price range are 168 days or 14 months. The average DOM for listings above $200,000 is a whopping 253 DOM (or 21 months) for those 128 active listings. The upper end homes are really taking a beating right now.
REO's (foreclosed homes) make up 14% of all Del Norte County listings right now with most REO's selling in under 60 days.
Last year most of the REO's I dealt with were owner occupy, but I'm seeing a definite increase in investor held foreclosures. I think we are going to see foreclosures increase for the coming months with their continuing influence of lowering prices. Click here for suggestions on purchasing Del Norte County foreclosed listings.
If you must sell in this buyer's market, be sure to have your home competitively priced and use a reputable, full-time agent who tracks your market. Proper pricing is where it's at.
Please call me if you're looking for an agent; I will be happy to give you an assessment of your property based on trends and my knowledge of the Del Norte County real estate market.
Fran sold more homes in 2009 both in number and volume than any other Del Norte County agent. Put her knowledge and experience to work for you!
Thank you for stopping by. Your comments on this post are welcomed and appreciated.
No one sold more homes in Del Norte County in 2009--*both in number and volume--than Fran Gatti. Put Fran to work for you!
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*PER CCMLS
