There was another bummer of a sale last week; new, quality construction selling for much less than the cost of building the house (see below). If you are thinking of selling, you need to be ahead of the curve rather than following the market down. With the short sales and bank owned properties out there, we still have a way to go. The good news is buyers are buying, they're just after the best deal.

Rates remain under 5% for a 30 year fixed.

CLOSED SALES: 3/30/2009 - 4/5/2009
818 YATES ST: 4/4/1 - 3,785 sq/ft- $575,000 *SS
225 E NEW HAMPSHIRE ST #14: 2/1 - 594 sq/ft - $62,600 *BO
*SS = Short Sale
*BO = Bank Owned

OTHER MARKET ACTIVITY: 3/30/2009 - 4/5/2009
New Listings: 8
Pending Sales: 5
Price Reductions: 14

PRESENTLY ON THE MARKET: 4/5/2009
Active Listings: 281
Under 100K: 9
100K - 199,999: 57
200K - 299,999: 84
300K - 399,999: 41
400K - 499,999: 20
500K - 599,999: 15
600K - 699,999: 22
700K - 799,999: 7
800K - 899,999: 8
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 32

The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.