REO Woodland Properties

February is almost over and we now have nearly two months of housing data to analyze for 2009.  Woodland CA is like much of the region in that the market is dominated by distressed properties, foreclosures and short sales.  Currently there are 36 foreclosed homes for sale with an average list price of $212,971. 

There were 32 foreclosed single family homes that sold in January 2009 and so far in February there has been 15 sales of banked owned houses with an average sales price of $235,177 sitting on the market for average of 94 days.  There is always an upswing of closed sales at the end of the month and February because it is a shorter month often shows lower numbers. 

Currently there are 213 total single family homes for sale with an average list price of $316,625.  However 104 of the homes for sale are short sales and close to half of those have offers but are contingent on bank approval.  This indicates that the foreclosures are moving through the system at a much quicker pace than homes in preforeclosure or short sale status.  There were 41 total sales in January in Woodland - this demonstrates that foreclosures (36 sales) are currently dominating the market.

For buyers who were priced out of the market just a couple of years ago, this may now be your opportunity to own a home. Call me at 530-601-6168 for help navigating this turbulent market or visit my site where I have a page dedicated to foreclosures in Woodland, CA

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