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May 9th, 2009 7:41 AM by David W. Welch
There were 117 sales recorded in Baldwin Park in the MLS in 2008 with a median sales price of $395,000. So far in 2009 there have been 48 closed sales with a median price of $354,950. There are 60 contracts pending, and we just dropped below 100 active listings with 99 homes for sale in the neighborhood. The average list prices from last year to this year among the sold properties dropped from $488,787 to $466,078. The pendings average list price is much lower at $387,388 reflecting the many condos and townhomes that are currently under contract. The active listings average list price is much higher at $672,333 reflecting the greater number of single family homes currently on the market.
The active listings range from a 1,024 square foot, two bedroom, two bathroom condo in Enders Place listed for $120,000 to the massive 7,316 square foot custom, four bedroom, five and a half bath home on the lake for $3,994,000. There are currently 15 homes in Baldwin Park listed over one million dollars. There are 35 listed for more than $500,000 with one townhome over the half million dollar mark. If you are interested in a home in Baldwin Park, I would love to speak with you about the neighborhood. My family has lived here for four years now, and we enjoy the convenient location the neighborhood amenities and the terrific schools.
David Welch, Real Estate Optimist, @RealtyOptimist