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April 23rd, 2009 9:47 AM by David W. Welch
The number of properties for sale in Baldwin Park is down while the number of contracts pending are up. It's not a coincidence that the inventory is down by about 10 homes at the same time the pending sales are up by about 10 homes. As of this morning there are 125 properties for sale and 45 with contracts on them. I am seeing a real increase in the number of short sales in the neighborhood, and they are attracting a lot of attention. There have also been a number of foreclosures, especially among the condos it seems, that have been selling pretty quickly at great prices.
David Welch, www.davidwelch.com/baldwinpark