Auburn

Since we are now at the end of June and midway through 2009, here is an update on how sales are going this year from January until now.

TOTAL CURRENTLY ON MARKET: There are currently 732 listings of residences on the Auburn, WA real estate market. This includes residential homes (487), condominiums (129), manufactured homes in parks (74 ), multi-family duplex and four-plex (24), and small commercial dwellings (18).

UNDER CONTRACT w/pending sales: Currently, out of the above listed properties on the real estate market, the following listings in Auburn have pending sales: residential homes (149), condos (18), manufactured homes in parks (3), multi family (3) and small commercial (2).

SOLD: The closed sales from January 1, 2009 through the end of June, 2009 include residential homes (191), condos (38), manufactured homes in parks,considered personal property instead of actual real estate (35), multi-family (3), and small commercial (2).

BANK OWNED AND SHORT SALES: On the market from the above active and pending listings, here is some interesting data: For the properties under $400,000 there are 53 bank owned and 129 short sales, which is 29% of the active listings in this price range. In the price range over $400,000, there are 3 bank owned and 16 short sales, which is 7.6% of the listings in the over $400,000 range. This is a total of 201 listings. There is no data available yet for the number of bank owned and/or short sales that actually close, due to the fact that the MLS (multiple listing service) has just recently incorporated this into the criteria of the listing.

Active: Quantity

$75,000 thru $159,999: 56
$160,000 thru $249,999: 148
$250,000 thru $299,999: 104
$300,000 thru $349,999: 59
$350,000 thru $399,999: 29
$400,000 thru $599,999: 53
$600,000 thru $899,999: 30
$900,000 thru $1,999,999: 18
Other: —-
Pending sales: 175
Manufactured homes under $75,000: 60

TOTAL: 732

From the beginning of the year up until now, we are seeing an increase in pending and closed sales. Also, I have counseling readily available for anyone who is interested in loan modifications, short sales, foreclosures, and great new mortgage products. Call me today to take advantage of what I have to offer. No risk, just honest advice.