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  What is Happening in Southwest Bakersfield Real Estate? I just did a little analysis of what is up in Southwest Bakersfield Real Estate. By Southwest Bakersfield, I mean the area West of Gosford Road, East of Allen Road, South of the Kern River, and North of Houghton Road. In that part of Bakersfield, there are 216 houses for sale in the Bakersfield MLS. Of those, 68 are foreclosure properties (REO), 73 are Short Sales, and 75 are traditional sales. In December of 2008 67 houses sold, and 40 of the sales were forclosure properties, 22 were traditional sales, and only 5 Short Sales actually closed. The odds for Short Sales actually closing don't look so good, but there is quite a bit of activity for the foreclosure properties. Some people think this isn't such a great time to buy, betting that the prices will go down even more, but others are taking advantage of the low interest rates available, and prices that are pretty low, even if they haven't hit the ultimate bottom....
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