Everyone is talking about the housing Market in Mountain House. Mountain House made the New York Times and the National news, so how is Mountain House doing today.
Here are some great stats. Call today if you want to know what your home would sell for, if you’re behind in your mortgage payments, if you’re looking for the best opportunity to buy in Mountain House. Why wait any longer?
Active 21
Active Short Sales 14
Short Sale Contingent 39
Short Sale Contingent are short sale properties that have an offer that the seller has accepted and the seller and buyer are waitin for the bank to give them answer.
Pending 98
Sold in Last 30 days 28
WOW Look at these numbers
30 days on market SALES price is 101% of asking
45 days on Market SALES price is 100.00 RIGHT AT ASKING – my guess is these are FHA offers
60 days on Market Sales price is 103.99of Asking
90 days on Market 10 of ASKING
120 days on Market 102% of asking.
What is interesting is that most of these 60+ days are typically short sales. In a traditional market these “older” listings would typically sell for up to 20% less than asking.
So what does this mean to you a potential seller in Mountain House? Homes are selling, short sales are selling, it takes a while, however prices are not declining.
