Both “Fixers in Piedmont” in my  recent post accepted offers and changed to “Pending” status the week of Sept 21, 2008.  Though distinctly different price ranges, both were well priced since they received offers in less than two weeks.  The $795K Piedmont Home received 13 offers, evidence there are many Buyers for homes in Piedmont. 

The absorption rate in Piedmont in September 2008 is 7 weeks.   (Number of weeks it takes to sell the current inventory at the present rate of sales).  Ten homes Sold in September.  Current inventory is 29. (including seven Pending listings) 

 Also SOLD in September was a 10,000 sq ft home for $5,950,000 and a 5,700 sq ft home for $4,225,000.  

A strong Sellers market.  Check back to see if the trend in Piedmont continues.