By Chad Huebener
Here is the monthly "skinny" for August 2009 on our metro-area housing market. While not specific to West Savage alone, it provides an excellent summary of the trends we are seeing. Although foreclosures and short sales are continuing to be ever-present, with no end in sight (actually we are predicting another heavy wave of foreclosures coming), the drop in overall inventory, paired with an increase in home sales, gives us a brighter outlook on the market. In terms of West Savage, we are seeing a couple of foreclosures in The Pointe (one is currently pending), as well as short sales in Woodhill (pending bank approval - no sign in yard), Oak Hills (pending bank approval), The Vistas of Summit Ponds (active), and Summit Ponds (pending bank approval). The good news is that these properties ARE moving.