In looking at reports from the Western United States Real Estate market, it's a mixed bag as usual from our crew of on-the-ground market experts.
In Cheyenne, Wyoming, Connie Webb is decidedly not the bearer of good news.
Sales are down slightly, she says, and prices have just begun to deflate.
During the first quarter of 2008, there were 40 homes sold in her area at an average price of $72,580 and with an average of 100 days on the market.
Those are certainly not overwhelming numbers.
But news is better in Albuquerque, New Mexico, where Judy Pierson says the pace of sales is starting to pick back up.
722 homes were sold in April in her market at an average price $227,300, and an additional 774 homes have gone under contract.
Moving on to Silicon Valley, California, this market has some more good news.
Market expert Pat Dulleck says listings have increased in 23 percent since the beginning of the year for his area, and the number of pending sales has grown by a whopping 73.6 percent.
There have been 14 weeks of increasing sales, Dulleck says, and currently 18.4 percent of their inventory is pending sale.
That's all for the Western regional report this week. Be sure to check back for news on your area.
Published: May 8, 2008
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