Two local market updates.
The first one is from a post by ichabod:
Thought you might like to know.
1.) Current REALTORS who have MLS access now number 1,993. I remember late last year that number being almost 3,000.
2.) Offices are closing. There are only two Help-U-Sell offices in Bakersfield, and one in Delano (one agent, 4 listings). There are no more Assist 2 Sell offices anymore.
The second update is from an auction by thefunsucker:
Here's some info on a Williams and Williams aution I attended this morning...
The house is 3,154 sf and located in Shilo Estates, 2444 Ollie Ct. The house has been on the market for about 2 yrs was was on the market due to a relo. Was purchase on 8-15-03 for 327k and then sold to Land America One Stop (something to do with the relo) for 602k on 2-1-07. It sold at auction for a whopping $106 a Sf for a grand total of 335k, quite the loss.
There were about 20 folks onsite but only 2 bidders. What was funny were all the high power RE agents in their 7 series bimmers watching the market crumble before them. Wonder why they weret't bidding???This was the 4th home in Shilo to go on the auction block and I don't believe any of them fetched more than 150 a foot.
Great news for the comps bad news for all those poor souls trying to sell....no pity!