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Martinez Short Sale Market Update

Martinez Short Sale Market Update

Here is you Martinez short sale real estate market update. I wanted to give you our October 2012 local market update, just give you some statistics on what’s going on in your local housing market for Martinez.

Single family residences, last October we had 58 listings on the market. This October we’ve got 30 new listings on the market, so new listings are down about 50%. That’s quite a bit as you know, you’ve probably noticed in the market, there’s not a lot of inventory right now. So new listings are down about 50% from a year ago today. The median sales price is up about 10% and that’s from $312,000 up to $342,000, so you can see that the median home price is actually going up a little bit from last year. Keep in mind these statistics reflect all types of properties listed for sale, including regular sales, REO/bank sales, and Martinez short sale homes.

For townhouses, last year there were 16 town homes for sale in October. This year there’s 10 town homes for sale in October, so that’s down about 37%, the inventory of townhouses and condos. The median sales price for town houses, and condos as well, is actually down a little bit from $181,000 to $174,000, so that’s a decrease of about 4%. These townhouses are not all Martinez short sale properties.

If you have any questions on your home in Martinez, we do a lot of short sales in that area and the surrounding areas, Pleasant Hill, Concord, different places like that, so anything we can help with, for a free consultation, let us know, www.eastbayshortsalegroup.com. We can help you list your home and sell it as a Martinez short sale.

For more videos on Martinez short sale properties for sale and market updates, visit our Youtube Channel