Middletown, CA

Hidden Valley Lake Market Report

2009 is off to a decent start in the Hidden Valley Lake Real Estate Market. As of 2/2/09 there are 104 homes on the market with an average listing price of $242,000.00. 17% of those homes are in either contingent or pending status with an average listing price of $191,000.00. The average days on market for these properties is 132 days. The high listing price is $299,900.00 and the low is $123,300.00. 77% of the homes in contingent or pending status are foreclosures.

When a foreclosure hits the market, and it's in good condition, the property will move quickly. May even receive multiple offers. If you are in the market for a foreclosure you have to do your homework prior to and during your purchase. As a buyer you should hire a home inspector to inspect the home. Sometimes work can be done on behalf of the lender to spruce up the house for sale. With a little investigating, you can find out what work has been done and who did the work. A foreclosure is sold in as is condition and the seller/lender carries no warranties or guarantees on the condition of the property.

For a complete list of local foreclosures please email me at jennifer.mullin@century21.com or call me at 707-355-3661.

· All information deemed reliable but not guaranteed. Statistical information provided by the Lake County Multiple Listing Service as of 2/2/09.

As of February 24, 2009, there are only 11 houses on the market. Two of those homes are in escrow. The average listing price is $523,488 and homes are sitting on the market an average of 130 days. 27% of those homes are bank owned properties. The majority of homes on the market in town are on larger parcels, 1 or more acres, compared to homes in Hidden Valley that are on common sized lots.

Even though the competition isn't as fierce in Middletown compared to Hidden Valley Lake, sellers still need to make sure their homes are "sale ready". Presenting your home for sale means a giving it a good spruce up (spring cleaning and depersonalization), add little touches out front to make your home more appealing and list with an agent that will market your property to get your home SOLD!

Middletown is the gateway to Lake County and is close to Napa and Sonoma Counties. It is a close knit community where everyone knows everyone. Good old small town U.S.A.!

If you would like a list of homes for sale in Middletown or are thinking of selling your home email me at jennifer.mullin@century21.com.

10% of every commission check I receive is donated directly to Middletown High School to benefit different MHS Clubs throughout the school year.