Recent headlines show pending sales are up 7.4% in August.  For the Evergreen area, there were definitely more pendings than previous months as indicated by the data below.

95148 Actives = 124
95148 Pendings = 50
95148 Solds = 3
Average Price = $705k

95135 Actives = 124
95135 Pendings = 12
95135 Sold = 3
Average Price = $965k

95138 Actives = 162
95138 Pendings = 20
95138 Solds = 4
Average Price = $1,351,000

In comparison with solds within the past month, pending sales are up sharply, especially in 95148 where prices are in the $700 thousands.  There’s lots of bargain hunting in that price range.  Although credit markets are tightening , those who have been waiting to buy and are pre-approved are finding homes that they have been waiting for.