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August 26th, 2009 11:43 AM by David W. Welch
In 2008 there were 117 sales posted in Baldwin Park with a median sales price of $395,000. So far this year there have been 118 sales already posted with over four months still left. The median price of the homes sold so far is off by 13% compared to last year at $344,000. There are currently 68 homes under contract, so I am guess we are probably going to double our sales from last year. There are another 91 active listings in the neighborhood. On Saturday a bank owned single family home came on the market for just over $240,000. There was a line of buyers waiting to see it. I wrote an offer $35,000 over the asking price, and was informed the bank took another offer that was much higher. Back in March there were about 170 homes for sale in Baldwin Park, so things have definitely gotten hot this summer.
Orlando Real Estate, David Welch Real Estate Optimist